#ftse-100

#ftse-100

Phillip Ingram warned on Sky News that should Iran close the Strait of Hormuz, there will be an enormous global 'economic shock.' He stated that such a closure would dwarf the economic effects witnessed during the Ukraine war.

Shell's reporting shows a 28% drop in profits, illustrating the ongoing impact of lower oil prices following the post-pandemic recovery and global economic changes.

Unlike previous trade tensions that mainly centred on US-China disputes, this round of tariffs is broader in scope, targeting multiple strategic industries such as electric vehicles, semiconductors, steel, and renewable energy.

Burberry's exit from the FTSE 100 reflects a combination of strategic missteps and declining demand, largely due to economic pressures in China heavily impacting the luxury market.