Iran war whiplash; Palantir earnings ahead - what’s moving markets
Morgan Stanley on global equities, oil, Kharg Island, Palantir, Sysco and other headlines are moving the stock market this morning.
Crime & Courts
U.S.-Iran talks uncertain; Palantir, Snap report - what’s moving markets
August 4, 2026, 3:46 AM EDT. LIC shares dropped almost 9% after the government launched an offer for sale (OFS) of up to a 6.5% stake, setting a floor price of Rs 382, representing an 11% discount from the prior closing…
Metro Bank customer fights for £14,000 refund after AI-linked fraud
A Metro Bank customer has told of his fight to get more than £14,000 back after its systems failed to stop a fraud involving the AI chatbot Claude.
India plans tax cuts to boost foreign investment, Bloomberg reports
Investing.com-- India’s government plans to seek parliamentary approval for a series of tax measures aimed at attracting foreign investment and strengthening domestic manufacturing, Bloomberg News reported on Tuesday, c…
Price of olive oil expected to rise again as European crops feel the heat
Farmers across Europe are warning of a slump in food production and rising prices as crops from maize to salads suffer as a result of extreme heat, drought and wildfires.
US states sue Trump administration over new tariffs on 60 trading partners
Coalition of 25 states asks US Court of International Trade to halt tariffs and declare them them unlawful
Apple launches legal challenge against UK government demand to access data
Apple has launched a new legal challenge against a UK government demand to access its customers’ highly encrypted data, a year after the Home Office agreed to abandon its previous request.
Wolfe flags fiscal pressures facing Treasury ahead of borrowing outlook release
Investing.com - Long-dated U.S. Treasury yields spiked last week following comments from Federal Reserve Chair Kevin Warsh which sparked concerns that the central bank may be falling behind in its attempt to corral ener…
OpenAI, Anthropic hacking models breached companies during cybersecurity tests
Anthropic disclosed on Thursday that its AI models gained unauthorized access to the systems of three different unnamed organizations during cybersecurity testing. The company says Claude reached the internet “from with…
FCA finalises rules to cut firms' transaction reporting costs by over £100m a year
Transaction reporting requirements become smarter, simpler and more proportionate under new rules from the FCA.
UK manufacturing growth picks up as Trump tariff chaos eases
UK manufacturers ramped up production last month for the fourth consecutive month and at the fastest pace in almost two years, according to a leading survey of the industry.
AstraZeneca holds talks with Bristol Myers Squibb on $400bn merger
Britain’s biggest drugmaker, AstraZeneca, is understood to be in discussions to take over its US rival Bristol Myers Squibb in a deal that would create a near-$400bn (£300bn) pharmaceutical group.
Trump says Iran talks to begin on Monday amid cycle of threats and pullbacks
Oil prices turn lower as Bessent says U.S. may have Iran deal "today or tomorrow"
Appointment of Chair and Deputy Chair of the Enforcement Decision Making Committee (EDMC)
Following an external recruitment process, the Bank of England (the Bank) has appointed Nicholas Segal as Chair of its Enforcement Decision Making Committee (EDMC), and Peter King as Deputy Chair, with effect from 1 Aug…
Why has Trump stepped in to prop up Japan’s currency?
The US has launched a bid to prop up the value of the yen, marking an extraordinary coordinated intervention with Japan’s government to halt the currency’s fall as it approaches 40-year lows.
Yen hits three-month high after Trump helps prop up currency
The yen has hit its highest level in three months after Japan and the US launched a combined operation to support the Japanese currency.
At least five Mohamed Al Fayed abuse survivors confirmed as human-trafficking victims
At least five victims of the former Harrods owner Mohamed Al Fayed have been confirmed by the Home Office as victims of human trafficking.
Healey’s profiteering warning on food and fuel risks row with retailers
The chancellor, John Healey , has said the government is standing by to prevent the public from “being taken for a ride at the pump or the till” as the Iran war continues to hit prices.
Britain could face food shortages as drought continues, farmers warn
Britain could face shortages of certain foods after punishing drought in parts of England, the National Farmers’ Union (NFU) has warned as a heatwave was forecast to continue into next week.
Solar powers record share of Britain’s electricity mix in July
Solar energy supplied more power to Great Britain’s grid in July than in any previous month as households turned to rooftop panels to cut their energy bills.
Why Andy Burnham’s devolution pledge will be tricky to deliver | Richard Partington
On the road to Downing Street, Andy Burnham promised to transfer power from Westminster to every postcode in the country. After his first two weeks in office, the size and complexity of this project are becoming clearer.
Inside M&S’s Oxford Street swanky revamp, the blueprint for its £700m growth strategy
On a hot summer’s evening on London’s busy Oxford Street, a crowd of fashion influencers, models, journalists and the odd City analyst gathered for a first look at the upmarket revamp of Marks & Spencer’s landmark Panth…
‘You owe parking fees’: experts warn of fake RingGo text scam
Criminals hope by using threats of enforcement action, people will panic and click link to bogus parking app site
Callas, Beethoven, bee-eaters or storks: competition seeks to redesign euro notes
Is Europe best represented by the bold intellect of Marie Curie, the sprawling imagination of Miguel de Cervantes and the intense musical genius of Ludwig van Beethoven? Or by a migrating stork and a bee-eater, swooping…