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FTSE 250 firms Paragon and OSB Group, owner of Kent Reliance and Precise Mortgages, slide on London Stock ExchangeRachel Reeves considering rent freeze to limit Iran war falloutBusiness live – latest updatesShares in some of the UK’s biggest buy-to-let lenders such as Paragon and One Savings Bank have fallen after it emerged that the chancellor may make private landlords commit to a one-year rent freeze.In an effort to protect households from rising living costs as a result of the Iran war, Rachel Reeves is considering whether to ban landlords in England from increasing rents for a limited period of time, the Guardian revealed on Monday night. Continue reading...

• Northland analysts have initiated a buy rating on USA Rare Earth as the U.S. pursues rare earth independence from China. • The move reflects broader geopolitical efforts to establish domestic supply chains for critical materials essential to technology and defense sectors. • Rare earth elements are vital for electronics, renewable energy, and military applications, making supply chain security a strategic priority.

Partner of soldier accused of war crimes says the couple discussed possibility of moving overseas to ‘create some normalcy in our lives’Get our breaking news email, free app or daily news podcastBen Roberts-Smith was planning to leave Australia to live overseas and had a business class flight out of the country booked in four days’ time when he was arrested at Sydney airport this month, court documents allege, with investigators telling a court “his willingness to return to Australia to face prosecution cannot be judged”.Roberts-Smith was ultimately granted bail last week under strict conditions, a move opposed by prosecutors who said there was potential concern he was a flight risk and might try to avoid ever having to face trial for a series of alleged murders he committed in Afghanistan. Continue reading...

Exclusive: Internal concerns over allowing US firm linked to ICE and Israeli military to process highly sensitive data The Metropolitan police has held talks with Palantir that could lead to the London force buying the US spy-tech company’s AI technology to automate intelligence analysis for criminal investigations, the Guardian has learned.Palantir, whose software is used by Donald Trump’s ICE immigration enforcement programme and the Israeli military, demonstrated its systems to senior officers in the intelligence division at the UK’s largest police force last month. Intelligence staff have been tasked with finding intelligence systems that AI could automate to increase productivity. Continue reading...

Cursor is aSilicon Valley startup using AI to automate coding as Elon Musk’s firm seeks foothold in the AI marketSpaceX said it has secured an option to either acquire code-generation startup Cursor for $60bn later this year, or pay $10bn for their new partnership, as it pushes deeper into the lucrative market for AI developer tools.Along with OpenAI and Anthropic, Cursor is one of several Silicon Valley startups that has drawn waves of developers by using artificial intelligence to automate coding, a business where AI companies have found early commercial traction. Continue reading...

Ministers hope tobacco and vapes bill, which will become law next week, will create a ‘smoke-free generation’A bill banning anyone born after 2008 from buying tobacco in the UK has completed its progress through parliament in a move that ministers hope will create a “smoke-free generation”.Under the tobacco and vapes bill anyone born on or after 1 January 2009 will never be able to be legally sold tobacco across the UK, in an effort to save lives and reduce the burden on the NHS. Continue reading...

ACT independent David Pocock is calling for a 25% tax on gas exports to fund welfare and housing. Follow today’s news liveGet our breaking news email, free app or daily news podcastLabor should use the proceeds of limiting tax concessions for property investors and a crackdown on gas export profits to fund welfare increases and build housing, charities and social service groups say.Ahead of next month’s federal budget, the Albanese government is under pressure to wind back negative gearing rules and the 50% capital gains tax discount for property investments, and to tax more of the profits from soaring commodity exports, pushed up by the global energy shock.People on the lowest incomes are skipping meals, delaying medical care and rationing energy just to get by.Frontline services are operating at capacity, facing growing demand and increasingly complex needs. Current policy settings are not meeting the needs of our communities – it’s clear that significant and sustained public investment is essential. Continue reading...

UK official receiver understood to prefer Blastr as buyer for SSUK’s electric arc furnace in Rotherham and site in StocksbridgeBusiness live – latest updatesUK officials have entered exclusive talks with a Norwegian startup to buy the former Liberty Steel works in South Yorkshire, in a significant step towards its rescue.Norwegian-owned Blastr is understood to be the bidder preferred by the government’s official receiver to take on ownership of the UK’s largest existing electric arc furnace in Rotherham and other works in Stocksbridge, both in South Yorkshire. Continue reading...

Barratt Redrow blames effects of Iran war, and likely impact on mortgage rates and costs, for further reductionBritain’s largest housebuilder is planning to dramatically cut back on buying new land, blaming the impact of the conflict in the Middle East and putting Labour’s ambitious housebuilding target under more pressure.Barratt Redrow said that it intends to approve between 7,000 and 9,000 plots of land for purchase in its current financial year, far lower than previous guidance of between 10,000 and 12,000. Continue reading...

Analysis by IFS shows George Osborne’s mortgage schemes launched in 2013 had little effect on social mobilityHigher-income households were the biggest beneficiaries of George Osborne’s Help to Buy mortgage schemes, introduced in the 2010s, according to an analysis by the Institute for Fiscal Studies (IFS) thinktank.Launched by the Conservative-Lib Dem coalition government in 2013, Help to Buy involved two separate schemes aimed at making home ownership more achievable in a period of rapid house price growth. Continue reading...

Lisa Nandy says there are no grounds to refer Axel Springer deal to Ofcom, ending almost three years of uncertainty for titlesBusiness live – latest updatesThe culture secretary has cleared Axel Springer’s £575m takeover of the Telegraph, paving the way for the end of almost three years of uncertainty over the ownership of the titles.Lisa Nandy said that she does not believe there are grounds to intervene and refer the deal to the media regulator, Ofcom, for an in-depth regulatory investigation. Continue reading...

Merger will ‘prioritise the interests of a small group of powerful stakeholders over the broader public good’, letter statesJoaquin Phoenix, Ben Stiller, Mark Ruffalo, Yorgos Lanthimos and Kristen Stewart are among more than 1,000 film and TV industry professionals who have signed an open letter protesting against Paramount’s pending acquisition of Warner Bros Discovery, the parent group that owns HBO, HBO Max, CNN, TBS and Food Network, as well as the Warner Bros TV and film studios.“We are deeply concerned by indications of support for this merger that prioritise the interests of a small group of powerful stakeholders over the broader public good,” states the letter, which was published on Monday on BlocktheMerger.com. Continue reading...

Enzo Conticello jailed for 27 months for ‘opportunistic’ theft of Givenchy handbag containing precious jewelsA man who stole a handbag containing a Fabergé egg and watch set valued at up to £2.2m has been jailed for more than two years.Enzo Conticello, 29, took the Givenchy bag belonging to Rosie Dawson as she stood in the smoking area of the Dog and Duck pub in Soho, London, on 7 November 2024. Continue reading...

The prime minister clearly believed that Trump’s threat of mass bombings of bridges and power plants crossed a new lineGet our breaking news email, free app or daily news podcastAnthony Albanese has adopted a careful and deliberate strategy for dealing with Donald Trump since his return to the White House in early 2025: don’t buy-in, don’t bite back.The approach is a calculation that there is little to be gained from responding to Trump’s every Truth Social post, lest it distract the government, provoke the president or, heaven forbid, threaten the Aukus pact. Continue reading...

Riccione’s leftwing mayor, Daniela Angelini, says public purchase is victory for town and ‘act of love and vision’An Italian council has bought a villa where Benito Mussolini spent his summer holidays, partly to avoid the property falling into the hands of “fascist nostalgics”.Daniela Angelini, the leftwing mayor of Riccione, a town close to Rimini along Italy’s Adriatic coast, said the acquisition of Villa Mussolini through an auction was “an act of love and vision” and that bringing it back into public hands was a victory for the entire town. Continue reading...

Government must ‘come down very hard’ on online trade in knives and weapons, says policing and crime minister Sarah JonesChildren are setting up online businesses selling knives in the same way they trade clothes, the policing and crime minister Sarah Jones has said.Jones heard how children as young as 12 were buying and selling the weapons on the internet and social media at the opening of the new National Knife Crime Centre in Bloomsbury, central London, on Thursday. Continue reading...

Christopher Joell-Deshields was suspended last year, with £7,125 found to have been spent on luxury itemsThe boss of Pride in London, one of the world’s largest LGBTQ+ events, has been sacked after he was accused of buying luxury goods for personal use with vouchers intended for volunteers’ food and drink.Christopher Joell-Deshields, who had been chief executive of Pride in London since 2021, was put under investigation last September and suspended the following month in response to claims of misconduct. Continue reading...

Group cuts costs as shares plunge while it grapples with impact of Iran war on property market Business live – latest updatesOne of Britain’s biggest housebuilders has said it will stop buying new land and hiring new staff, as it grapples with the impact of the Iran war on the property market.Berkeley, a London-focused housebuilder, said it would cut costs as it warned that “geopolitical volatility” and “reduced potential” for interest rate cuts could weigh on the business. Continue reading...

• JPMorgan Chase authorized a $5 billion share repurchase program, effective immediately, following a strong first quarter in which net income exceeded $6.2 billion and return on equity reached 15.3%. • CEO Jamie Dimon stated that the buyback reflects management confidence in the bank's capital position and long-term earnings trajectory despite macroeconomic headwinds. • The announcement signals investor-friendly capital allocation policies among major financial institutions, supporting bank stock valuations and demonstrating the sector's resilience amid ongoing rate cut speculation.

• Houston Rockets owner Tilman Fertitta agreed to purchase the WNBA's Connecticut Sun and will relocate the franchise to Houston, as announced by the team on March 30, 2026. • The move expands Fertitta's sports portfolio and brings a WNBA team to Houston for the first time, tapping into the city's growing basketball market. • This relocation could boost WNBA visibility in the South, with Fertitta's resources likely accelerating arena and fanbase development for the team.

State and federal leaders due to discuss assistance for business sectors but petrol rationing not expected to find backingFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastFarmers say the federal government must help them with tax breaks and underwriting fertiliser purchases to survive the fuel crisis, with Monday’s national cabinet expected to discuss more assistance to businesses amid ballooning petrol prices.Federal and state governments have remained tight-lipped about what would be on the meeting’s agenda but state premiers have urged the Albanese government to take a stronger national coordination role in the crisis. Continue reading...

• Bank of America reinstated coverage of Microsoft (MSFT) with a Buy rating and $500 price target, implying 31% upside potential on March 24, 2026. • Analysts cite durable multi-year growth in cloud and AI, positioning Microsoft to capitalize across infrastructure and applications. • The reaffirmation comes amid tech sector pressure from geopolitical tensions, highlighting AI monetization as a key beneficiary.

Tehran denied negotiations that delayed US strikes and Trump was vague on the details, but talks signal renewed push for peace from regional powersThere have been so many abortive rounds of diplomacy between the US and Iran – the latest appearing to be led by Pakistan after Washington has burned through many other regional mediators – that it was hardly a surprise that President Trump’s claims of “very good” talks with Tehran initially provoked disbelief – especially after Iran denied that any negotiations were taking place at all.Nonetheless, standing beside Air Force One, Trump did his best to sell the sudden detente with little detail as a US ultimatum to bomb Iran’s power plants loomed unless Tehran opened up the strait of Hormuz. It was lost on few that the sudden about-face came just hours before US markets were to open for what promised to be another punishing round of trading on Monday. Continue reading...

• Elon Musk stated Tesla and SpaceX AI will continue large Nvidia chip purchases even as Tesla advances its AI5 chip, optimized for edge compute in Optimus and Robotaxi. • Tesla's Terafab AI chip manufacturing facility is set to launch within seven days from March 14, potentially by March 21. • Musk praised Nvidia CEO Jensen Huang, noting AI5's efficiency in half-reticle format could halve fab needs, with AI6 potentially matching dual AI5.

Admission came during questioning at Senate intelligence committee worldwide threats hearingThe Federal Bureau of Investigation has started buying location data on Americans, FBI director Kash Patel said under oath at the Senate intelligence committee worldwide threats hearing on Wednesday.Patel’s admission came in response to a question from the senator Ron Wyden, an Oregon Democrat who is a longtime opponent of the warrantless surveillance of Americans. Wyden told Patel that his predecessor, Christopher Wray, testified in 2023 that the FBI did not at that time purchase location data derived from internet advertising, although he acknowledged that it had done so in the past. Continue reading...

Independent retailers are struggling to get fuel from the majors and say farmers have only responded to soaring prices and lack of availabilityGet our breaking news email, free app or daily news podcastRural fuel distributor Paul McCallum hopes the worst is over.At the start of the month, as fuel prices surged after the US and Israel bombed Iran, farmers started bringing their diesel orders forward, requesting “a boisterous but not over the top” 1.5m litres from his company Inland Petroleum. Continue reading...

• U.S. stocks opened higher on March 17 with Dow up 0.66%, S&P 500 up 0.42%, and Nasdaq up 0.33%. • Qualcomm shares rose 3.2% after approving a $20 billion stock buyback plan and boosting its dividend. • The announcement signals strong confidence in future cash flows amid semiconductor demand.

Weekly news magazine’s parent company makes third significant ownership shake-up in its 183-year historyBusiness live – latest updatesThe Canadian billionaire Stephen Smith has bought a stake in the parent company of the Economist, held by Lynn Forester de Rothschild, in only the third significant ownership structure shake-up in its 183-year history.Smith and his family holding company, Smith Financial Corp, which owns financial businesses, including co-ownership of influential proxy advisory group Glass Lewis, has acquired a 26.9% stake in the Economist Group (TEG) for an undisclosed sum. Continue reading...

Energy minister says country’s fuel supply has yet to be affected by war, following meeting with suppliers and retailersFollow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastChris Bowen has insisted the country’s fuel supply is yet to be affected by the war in the Middle East while criticising a rush to buy jerry cans to fill up with petrol as “un-Australian”.The energy minister made the comments after an emergency meeting with major fuel suppliers and retailers, that was convened by the Australian Competition and Consumer Commission (ACCC) to demand explanations for the recent surge in petrol prices. Continue reading...