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Oil price surge drives 42% spike in electric vehicle interest; NatWest profits rise
In Entwicklung
Business·01.05.2026KI-Zusammenfassung

Oil price surge drives 42% spike in electric vehicle interest; NatWest profits rise

Oil prices above $111/barrel have triggered a seismic shift in electric vehicle interest, with Renault UK reporting 42% more enquiries and EVs now comprising 50% of its sales. Meanwhile, UK house prices rose 0.4% in April despite economic gloom, NatWest reported £1.4bn Q1 profits but set aside £140m for geopolitical risk, AstraZeneca fell 1.9% after US regulators rejected its breast cancer drug, and Diageo rose 2% after Trump removed Scotch whisky tariffs.

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Guardian Business
NatWest Warns £140m Cost from Middle East Conflict as Profits Beat Expectations
NACHRICHT
01.05.2026KI-Zusammenfassung

NatWest Warns £140m Cost from Middle East Conflict as Profits Beat Expectations

NatWest reported first-quarter operating profits of £2bn, up 12% year-on-year and ahead of analyst expectations of £1.9bn, but warned the Middle East conflict could cost £140m. The bank booked a £283m impairment charge, with nearly half due to revised economic forecasts reflecting increased geopolitical risk. It now expects UK GDP growth of just 0.4% this year, unemployment to rise to 5.5%, and inflation to hit 3.5%, while forecasting base rates will remain at 3.75% until 2030.

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Guardian UK
NatWest chair defends climate policy at chaotic shareholder meeting as protesters interrupt with song
In Entwicklung
Business·28.04.2026KI-Zusammenfassung

NatWest chair defends climate policy at chaotic shareholder meeting as protesters interrupt with song

NatWest chair Rick Haythornthwaite faced investor backlash at the bank's annual shareholder meeting in Edinburgh, which was temporarily suspended after Extinction Rebellion protesters interrupted with a song to the tune of Frère Jacques. Shareholders criticized the bank's recent decision to drop a commitment not to lend to oil and gas companies lacking credible transition plans. The Church of England pension board voted against Haythornthwaite's re-election, while Share Action representing $1.4tn in assets called for a meeting within three months. Haythornthwaite was re-elected with 92% support — the lowest approval among 25 resolutions — and defended the policy changes as a "pragmatic middle road". Union representatives also raised concerns about executive pay versus staff wages.

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Guardian UK
NatWest faces shareholder revolt over climate policy rollback at Edinburgh AGM
In Entwicklung
Business·26.04.2026KI-Zusammenfassung

NatWest faces shareholder revolt over climate policy rollback at Edinburgh AGM

NatWest faces investor revolt at Tuesday's AGM in Edinburgh as campaigners demand protest votes against chair Rick Haythornthwaite. Investors controlling $1.4tn in assets and 70 climate scientists oppose the bank's recent rollback of fossil fuel lending restrictions, including dropping commitments to avoid lending to oil and gas companies lacking credible transition plans.

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Guardian Business
UK Labour Market Weakens as Unemployment Forecast to Rise to 5.5-6%
In Entwicklung
Business·21.04.2026KI-Zusammenfassung

UK Labour Market Weakens as Unemployment Forecast to Rise to 5.5-6%

UK employment growth slowed significantly with only 24,000 jobs added in the three months to February, below population growth. Payrolls contracted in February and fell by 11,000 in March, while vacancies continued to decline. Economists now forecast unemployment will rise to around 5.5% this year, potentially reaching 6% if energy prices spike further. The weak labour market, combined with the Middle East conflict driving up energy costs and business uncertainty, has complicated the Bank of England's interest rate decisions.

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Guardian Business
Bank bosses called to meeting with Reeves over impact of Iran war on UK economy
NACHRICHT
19.04.2026

Bank bosses called to meeting with Reeves over impact of Iran war on UK economy

HSBC, Barclays, Lloyds, NatWest and Santander will this week discuss with chancellor how to limit effects of conflict Middle East crisis – live updatesThe bosses of Britain’s “big five” retail banks have been summoned to a meeting with the chancellor, Rachel Reeves, this week to discuss how to limit the economic impact of the crisis in the Middle East triggered by the US and Israel’s attacks on Iran.The chief executives of HSBC, Barclays, Lloyds, NatWest and Santander have been asked to attend an emergency summit on Wednesday, amid increasing acceptance that a major economic hit from the Iran war is unavoidable. Continue reading...

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Guardian Business