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NBA finals: Knicks face Spurs in Game 5 with chance to clinch first title since 1973 – follow live | NBA finals
Key events
Knicks 28-35 Spurs, 4.06, 2nd quarter
The Knicks have gone on a 10-2 run over the past two and a half minutes that has trimmed the San Antonio lead to seven points. Brunson is leading the charge, quelle surprise, peeling off seven straight for New York with a three-pointer and a pair of mid-range jumpers.
Knicks 12-33 Spurs, 6.41, 2nd quarter
The referee overturns the call on Wembanyama and rules that Towns committed an offensive foul. That means Wembanyama is back down to one foul and Towns has two. Towns stays in the game, unlike in Game 4 when he was benched with a second foul early in the first quarter. A Harper 14ft pull-up jumper makes it 33-18, but Hart answers with a three-pointer to pull the Knicks within 12 points. The Knicks are shooting just 7-for-32 (21.9%) from the floor, but 5-for-12 (41.7%) from beyond the arc.
Knicks 15-31 Spurs, 8.29, 2nd quarter
The Spurs stretch their lead to 15 before Towns finally hits an 18ft turnaround jumper for New York’s first points since 1.00 left in the first. Wembanyama answers with a three from the wing that ignites the crowd, but he’s whistled for his second personal foul moments later. Spurs coach Mitch Johnson is going to challenge this one.
Knicks 13-26 Spurs, 10.34, 2nd quarter
A Julian Champagnie three is sandwiched by two more blocked shots by Wembanyama, already his fourth and fifth of the night. The Spurs are doubling up the Knicks, whose nightmarish shooting night continues. San Antonio’s suffocating defense is dialed in.
End of 1st quarter: Knicks 13-23 Spurs
The Knicks shot 4-for-22 in the first period, finishing with more turnovers (six) than field goals (four). Their 13 points are the fewest they’ve scored in any quarter throughout their postseason run. New York did not score a single point in the paint, going 0-for-8 in the lane during the first quarter while San Antonio outscored them 12-0 inside.
Dylan Harper changed the game off the bench. The rookie entered with 7:49 left and immediately sparked the Spurs, scoring seven points on 3-for-3 shooting, including a three-pointer that pushed the lead to six. He led all scorers except Brunson after one.
Despite shooting 18.2%, New York only trail by 10. That’s probably the most encouraging stat for the Knicks. It’s not easy to go a quarter with four made baskets, six turnovers and zero paint points and remain within striking distance.
Knicks 10-18 Spurs, 1.40, 1st quarter
Brunson cans an 11ft step-back jumper to stop the bleeding, but the Knicks have 10 points with less than two minutes to go in the opening period. They’ve made 3-of-20 shots from the floor.
Knicks 8-18 Spurs, 3.06, 1st quarter
Harper makes back-to-back buckets and Johnson follows with a three. Another seven-point burst for the Spurs and they have a double-digit lead in the first quarter for the fifth straight game in these finals.
Knicks 8-11 Spurs, 5.51, 1st quarter
Wembanyama follows a pair of made free throws with a tip dunk, then Harper makes it seven unanswered for the Spurs to give them a 11-5 lead. Anunoby answers with a corner three and New York only trail by three at the first TV timeout despite shooting 2-for-12 (16.7%) from the floor so far.
Knicks 5-4 Spurs, 8.08, 1st quarter
An incredible defensive start for Wembanyama, who has three blocked shots in the first four minutes. He’s also opened the scoring for the Spurs with a transition dunk that ignites the home crowd. Brunson hits a wide-open three and Champagnie answers with a put-back lay-up. Anunoby drains a pair of free throws to give the Knicks an early lead, but both teams have been frigid in the early stages, shooting a combined 3-for-14 from the floor.
Starting lineups
New York Knicks
PG Jalen Brunson – 6ft 2in, 190lb, Villanova
SG Mikal Bridges – 6ft 6in, 209lb, Villanova
SF Josh Hart – 6ft 4in, 215lb, Villanova
PF OG Anunoby – 6ft 7in, 240lb, Indiana
C Karl-Anthony Towns – 7ft 0in, 248lb, Kentucky
San Antonio Spurs
PG De’Aaron Fox – 6ft 3in, 185lb, Kentucky
SG Stephon Castle – 6ft 6in, 215lb, Connecticut
SF Devin Vassell – 6ft 5in, 200lb, Florida State
PF Julian Champagnie – 6ft 8in, 217lb, St John’s
C Victor Wembanyama – 7ft 4in, 230lb, Metropolitans 92 (France)
It’s national anthem time at the Frost Bank Center. Four-time Grammy nominated country singer Mickey Guyton does the honors. Starting lineups to come and we should be under way any minute now.
One reason the Knicks’ run has resonated so deeply beyond basketball is that it has arrived at a moment when many Americans seem desperate for a distraction. In her Saturday essay for the Guardian, Ankita Rao argues that New York’s improbable march to the brink of a championship has offered a rare escape from the relentless churn of politics and bad news – and a reminder of the communal joy sports can still provide.
Stars – they’re just like us! A healthy chunk of Madison Square Garden’s celebrity row has migrated south with the Knicks one win away from a drought-busting title.
Last week, we took in Game 1 from a place rarely included in the story of New York’s basketball obsession. Before the team moved to the brink of a first title since 1973, the Guardian was granted access to a Knicks watch party inside the Rikers Island jail complex, where thousands of people in custody gathered to experience the NBA finals alongside the rest of the city.
For a few hours, the routines and realities of life behind bars gave way to the same hope, anxiety, superstition and disbelief that have defined this postseason run.
While Knicks fever spilled into bars, restaurants and living rooms and outdoor gatherings across the five boroughs, it also reached one of New York’s least visible and most scrutinized institutions.
The result is a portrait of New York at a singular sporting moment, seen through the eyes of people who are rarely included in the story of the city celebrating itself.
The atmosphere is building in and around San Antonio’s Frost Bank Center, where fans of both teams are showing their colors less than half an hour before tipoff.
The Knicks may be one win from a championship, but they have already conquered another corner of American culture: fashion. From Taylor Swift’s viral “Stevie Knicks” shirt to Timothée Chalamet’s courtside fits, Knicks fandom has become as much a style statement as a sporting allegiance. If you’re wondering how a 53-year title drought turned into the hottest look of the summer, we’ve got two reads for you.
As the series shifts back to San Antonio for Saturday’s Game 5, the mood around the Knicks remains euphoric after Wednesday’s astonishing comeback from 29 points down. But the aftermath of that victory has produced almost as many headlines as the game itself.
New York police said 56 people were taken into custody following post-game unrest around Madison Square Garden, where authorities estimated roughly 10,000 fans gathered after the final buzzer. Ten officers were injured, including one who was struck in the head by a glass bottle. Police said charges ranged from assaulting an officer and disorderly conduct to weapons possession.
The disorder extended beyond the streets surrounding the Garden. Video circulating online showed Spurs star Victor Wembanyama being jeered by fans as he returned to his Manhattan hotel after the game, with an egg tossed in his direction as security escorted him inside. Wembanyama had already spoken out earlier in the week after videos emerged appearing to show Spurs supporters being harassed in the city.
The French star struck a largely defiant tone on Friday as San Antonio attempted to regroup from the largest comeback victory in NBA finals history. “We’re over it. It’s the playoffs,” Wembanyama said of the collapse, adding that the hotel incident “doesn’t bother me”.
No single play can explain how a team squanders a 29-point lead in the NBA finals. But when historians look back on Game 4, they will probably start with De’Aaron Fox racing toward the basket with a one-point lead and less than 15 seconds remaining. Instead of forcing the Knicks to foul, Fox attacked the rim. OG Anunoby blocked his lay-up attempt. Moments later, the Knicks had completed the largest comeback in finals history. Here’s our closer look at the decision that changed everything.
Preamble
For more than half a century, New York has waited for this. Through blackouts and bankruptcies, dynasties and rebuilds, celebrities courtside and coaches on the hot seat, the Knicks have spent 53 years searching for a championship. Tonight, they are one victory from ending the wait.
Standing in their path is a San Antonio Spurs team still trying to process what happened 72 hours ago.
Game 4 looked over long before it was finished. The Spurs led by 29 points midway through the third quarter and appeared to have wrestled control of the NBA finals back from New York. Then everything unraveled. The Knicks stormed back with the largest comeback in finals history, erasing the deficit before OG Anunoby’s putback with 1.2 seconds remaining delivered a stunning 107-106 victory and a commanding 3-1 series lead.
The result left the basketball world asking two questions. How did San Antonio let it happen? And can the Spurs possibly recover?
History is not on their side. Only one team has ever rallied from a 3-1 deficit to win an NBA finals series. Yet this matchup has been far closer than the standings suggest. Through four games, the Knicks have outscored San Antonio by only eight points. Three contests have been decided in the final seconds. The margins separating triumph and disaster have been razor thin.
That is only part of what makes tonight’s potential closeout game so compelling.
The Knicks have arrived in Texas with a chance to end one of the longest championship droughts in American professional sports and begin preparations for a parade through Manhattan. The Spurs return home convinced they have been good enough to win every game in this series and determined to force a trip back to New York.
One side is chasing history. The other is trying to prevent becoming a footnote in it. Game 5 tips off at 7.30pm local time or 8.30 in New York, roughly an hour from now.
Bryan will be here shortly. In the meantime here’s what Victor Wembanyama had to say about Wednesday’s historic collapse by San Antonio.
Victor Wembanyama says the San Antonio Spurs have shaken off the biggest single-game collapse in NBA finals history and are ready to face the New York Knicks on Saturday.
The Knicks overcame a 29-point deficit to hand the Spurs a crushing 107-106 victory in Game 4 of the series and can win their first title since 1973 with victory in San Antonio.
“There were a thousand ways we could have not lost that game,” Wembanyama told reporters at practice on Friday. “It felt like there was a time to process this, to really dwell on it, but not any more. We’re over it. It’s the playoffs. There’s no time to regret things for too long.”
That, he added, also goes for having had eggs thrown at him and a water bottle tossed at the team bus in New York.
“I didn’t really think much of it,” he said. “Obviously it’s not good at all. But it doesn’t bother me.”
UK News
European stock markets hit record high and oil price falls to three-month low after US-Iran peace deal – business live | Business
European stock markets hit record high
European stock markets have hit a record high at the start of trading, as relief over the US-Iran peace deal ripples across global markets.
The pan-European Stoxx 600 index has jumped by 0.9% to 639 points, over the previous record high set just before the Iran war started, with shares rising in London, Frankfurt, Paris, Madrid and Milan.
Mining and travel companies are driving the rally, while oil company shares are sliding.
That follows sharp gains in Asia-Pacific markets overnight, where Japan’s Nikkei surged by 5% on hopes that the strait of Hormuz will reopen within days.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, says global equity markets are starting the week firmly on the front foot after President Trump announced that a deal with Iran had been reached, adding:
The move has given investors a clear reason to dial back some of the geopolitical risk premium that has hung over markets, especially as the Strait of Hormuz is expected to reopen and oil prices move sharply lower.
Energy prices have been one of the clearest transmission channels from Middle East tensions into inflation, bond yields and equity sentiment, and there is likely to be a concerted effort to get prices down even further once this deal is finalised.
There are still details to be ironed out before markets can fully trust the agreement, but for now the direction of travel is clear: lower oil, calmer nerves and a renewed appetite for risk.
Key events
Peace deal should keep mortgage rates down
Mortgage borrowers can breathe a sigh of relief at the news of a peace deal in Iran, says Adam French, head of consumer finance at Moneyfactscompare.co.uk.
While we are far from being out of the woods yet, a lasting peace deal should dramatically reduce the risk of the Bank of England’s worst-case scenario for inflation and interest rates becoming a reality.
“Under that scenario, Base Rate could have risen to 5.25%, potentially pushing typical rates on new mortgages towards 6.75%. Instead, today’s news means mortgages rates, which have already been slowly falling for several weeks, have likely already passed their peak – at least until the next unwelcome crisis.
“Borrowers can be optimistic but with a word of caution, as inflation and economic data will continue to influence the outlook. However, a lasting peace should remove one of the biggest risks to mortgage costs and may help restore a more stable environment for hard-pressed remortgage borrowers and prospective buyers.”
Even before this morning’s drop in UK bond yields (see earlier post), average mortgage rates have dipped slightly.
Moneyfacts reports:
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The average 2-year fixed residential mortgage rate today is 5.61%. This is down from 5.62% the previous working day.
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The average 5-year fixed residential mortgage rate today is 5.58%. This is down from 5.59% the previous working day.
Why it may take months for oil flows to return to normal
Donald Trump excitedly declared: “Ships of the World, start your engines. Let the oil flow!” last night, but the reality is that it will take some time for oil flows through the strait of Hormuz to return to pre-war levels.
One reason is that many oil tankers are simply in the wrong place, after the long closure of the strait.
Another is that some production and refining facilities have been damaged by the conflict, while others were mothballed after storate facilities filled up to the brim.
A third factor is that insurers could still be wary of the conflict reigniting, and price their cover accordingly.
Neil Shearing, group chief economist at Capital Economics, explains:
Even if ships now have safe passage, tankers are in the wrong place, oil production/refining facilities need to get up to full capacity, and questions over the cost and availability of insurance for ships traversing the Strait will remain.
Our current working assumption is that ~80% of energy flows will resume by the end of Q3. Natural gas flows will be slower to return, following the damage to Qatari facilities earlier in the conflict, which according to local officials has put 17% of production offline for two to three years.
US crude drops below $80
US crude oil has dropped to its lowest level since the second week of the Iran war.
The cost of a barrel of West Texas Intermediate (WTI) light sweet crude has dropped by 6% today to $79.72 per barrel, the first time since 10 March that it has been under $80/barrel.
That could help to pull down US gasoline prices, which climbed after the conflict began, hitting consumer confidence.
UK bond yields fall
Today’s relief rally is also driving up government bond prices, pushing down the cost of borrowing.
The yield (or interest rate) on 10-year UK government debt has dropped by 6.5 basis points (0.065 of a percentage point) to 4.775%.
Two-year bond yields are down 8bps to 4.16%.
Lower bond yields indicate that that the cost of issuing new government debt has fallen, which will be a relief for the UK Treasury after the Iran war drove up borrowing costs.
Copper mining company Antofagasta is now the top riser on the FTSE 100, up almost 8%.
Trader will be concluding that an end to the Iran war will boost the world economy, leading to more demand for raw materials such as copper.
European stock markets hit record high
European stock markets have hit a record high at the start of trading, as relief over the US-Iran peace deal ripples across global markets.
The pan-European Stoxx 600 index has jumped by 0.9% to 639 points, over the previous record high set just before the Iran war started, with shares rising in London, Frankfurt, Paris, Madrid and Milan.
Mining and travel companies are driving the rally, while oil company shares are sliding.
That follows sharp gains in Asia-Pacific markets overnight, where Japan’s Nikkei surged by 5% on hopes that the strait of Hormuz will reopen within days.
Matt Britzman, senior equity analyst at Hargreaves Lansdown, says global equity markets are starting the week firmly on the front foot after President Trump announced that a deal with Iran had been reached, adding:
The move has given investors a clear reason to dial back some of the geopolitical risk premium that has hung over markets, especially as the Strait of Hormuz is expected to reopen and oil prices move sharply lower.
Energy prices have been one of the clearest transmission channels from Middle East tensions into inflation, bond yields and equity sentiment, and there is likely to be a concerted effort to get prices down even further once this deal is finalised.
There are still details to be ironed out before markets can fully trust the agreement, but for now the direction of travel is clear: lower oil, calmer nerves and a renewed appetite for risk.
BP and Shell’s shares slide
Shares in oil companies are falling, though – BP and Shell are both down 3.7%, as investors anticipate an end to their earnngs boost from the Iran war.
FTSE 100 index hits eight-week high
Boom! Britain’s stock market has hit a near-two month high at the start of trading, as investors welcome the breakthrough between the US and Iran to end the Middle East conflict.
The FTSE 100 blue-chip share index has jumped by 99 points, or almost 1%, at the start of trading to 10,570 points, its highest level since 21 April.
Engineering firm Rolls-Royce, which makes and services jet engines, is the top riser on the FTSE 100, up 5.5%, followed by British Airways parent company IAG, up 4.8%.
UK house prices dip in June

Gwyn Topham
Two bits of good news for Britons who don’t own their homes have been revealed, with data showing a drop in house prices in June as well as fewer tenants facing rent hikes last month.
Figures from Rightmove showed the average price of property coming on the to market fell by 0.6% or £2,113 to £376,191, the biggest June fall in fourteen years, with prices 0.5% below this time in 2025. The biggest drops were seen in southern England and Wales, and in asking prices for flats rather than houses.
The property site said the number of homes for sale was still at historically high levels for summer, making it more of a buyer’s market. Mortgage affordability has also improved slightly this month, with the average two-year fixed rate deal dropping about 0.1 percentage points to 5.07%, it said.
Meanwhile, figures suggest that the introduction of the Renters Right Act may already be seeing results in terms of keeping rents down for tenants.
The new law came into force at the start of May and means landlords can only increase rents for sitting tenants once a year. According to Hamptons monthly lettings index, the number of tenants who saw their rent rise was down 23% from the same month last year. Hamptons said if the rest of the year saw similar change, it would expect only 31% of sitting tenants to face increases, compared to 40%-50% in previous years.
However, the agency warned that rent rises in Scotland, where landlords have been operating under a similar system for longer, exceeded the national average. Sitting tenants who faced rent rises had an average increase of 5.4% in May, but the figure reached 7.7% in Scotland, albeit for a lower absolute rent – £952 – than the Great Britain average of £1375.
Speaking of the ECB, their president Christine Lagarde has been warning that inflation pressures are spreading in the euro area.
In an intervew with broadcaster France Culture, Lagarde warned that high energy prices are starting to feed through to other parts of the economy, saying:
“Indirect effects of inflation, we have absolutely started to see that more or less everywhere in recent weeks.”
The US-Iran agreement is well-timed for the Bank of England, which is due to set UK interest rates on Thursday.
If the strait of Hormuz does reopen, and oil flows return towards pre-war levels, there will be less inflationary pressure – and thus less need for interest rate rises.
The European Central Bank raised its interest rates last week, but this week is the turn of the BoE, the US Federal Reserve and the Bank of Japan.
Kathleen Brooks, research director at XTB, says:
Over the past month, the price of oil is down by more than a fifth, and the Brent crude price is now back at levels from early March. This is good news for inflation, which should start tumbling monthly from June, and it could ease concerns about price pressures as we lead up to some major central bank action this week. The decline in the oil price also raises questions about whether the ECB was too hasty in raising rates last week.
European stock markets are on track to jump when trading begins, in just over 20 minutes.
Germany’s DAX share index is up 1.65% in the futures market, Reuters reports, with the UK’s FTSE 100 0.75% higher.
The US dollar is weakening, as investors shift into riskier currencies.
The pound is its highest in over a week, at $1.3438.
Markets rally across Asia
There are strong gains across Asia-Pacific markets today, as investors welcome the deal between the US and Iran.
Japan’s Nikkei share index has leapt by 5%, as has South Korea’s KOSPI, while China’s CSI300 index is 1.9% higher.
Jim Reid, market strategist at Deutsche Bank, says:
Whilst the deal is very good news for markets it looks like tough conversations will have occur in the 60-day window to ensure the peace is sustainable. As an example, the Senate needs to approve any extensive sanction relief for Iran.
For now the can kicking exercise has been very well received by markets even after a strong US close on Friday where hopes were raised of a weekend signing
Introduction: Oil falls to three-month low
Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.
The peace deal agreed between Iran and the US is sending a wave of relief through the markets today.
Oil has tumbled 4%, and markets across the Asia-Pacific region have jumped, as investors anticipate the reopening of the strait of Hormuz.
Although it is unclear exactly what has been agreed – with the final text of their memorandum of understanding unpublished – Donald Trump’s claim that “oil will flow on both ends again for the region, and the world” is pushing down energy prices – a relief for busineses, consumers, politicians and central bankers alike.
Brent crude has fallen as low as $83.04, its lowest since 10 March, after the prime minister of Pakistan announced the US and Iran will sign a memorandum of understanding in Switzerland on Friday.
That still leaves Brent above its pre-war price of $72.48 a barrel, though.
Trump has indicated that the opening of the strait is contingent upon the signing of the peace deal, scheduled for Friday.
Iran’s Mehr state news, though, reported that the agreed memorandum of understanding calls for the reopening of the strait within 30 days under “Iranian arrangements” – an indication that Tehran hasn’t surrendered its control of the waterway.
Chris Weston of IG points out that there are still obstacles to overcome:
The probable reopening of the Strait of Hormuz later this week would represent a significant positive development. Markets had increasingly questioned how long inventory draws could offset supply disruptions and whether physical dislocations would begin weighing more heavily on risk assets. The focus now shifts towards understanding what normalisation of logistics could realistically look like, and how quickly shipping volumes can return to pre-conflict levels of 120 to 140 commercial vessels transiting eastbound and westbound each day.
There are still obstacles to overcome. Mines may need to be cleared, and there may be structural damage to refineries and export facilities around the region that will take time to repair and come back to pre-conflict capacity.
The agenda
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Roy Hattersley, former Labour deputy leader, dies aged 93
Paying tribute, Sir Keir Starmer said Lord Hattersley “was a giant of the Labour movement”.
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A £350 swimming pool fee ruined our easyJet holiday | Consumer rights
My partner and I paid £2,150 for a week’s all-inclusive break in Marrakech with easyJet Holidays.
We chose the Jaal Riad Resort Hotel because of its pool and spa. When we arrived, we were told that use of the heated pool cost £24 a person an hour, the Jacuzzi £24 for 20 minutes, and the hammam was £16 for 20 minutes.
Nowhere were these extra fees listed when booking. EasyJet Holidays rejected my complaint and referred me to a line buried at the bottom of the list of facilities that said charges may apply. We were planning on using the pool regularly but could not afford it. If we had known, we would have booked elsewhere.
DP, Cambridgeshire
Hidden charges can hugely inflate the cost of holidays. Resort fees are the most pernicious – some hotels charge up to £50 a person a day for facilities whether or not they are used.
Then there’s the daily tourist tax levied via the accommodation provider during the stay in some countries, and ancillary fees for upgraded wifi for sun loungers.
EasyJet Holidays makes a big deal of the pool – it’s a prominent photo on the webpage for the hotel.
No asterisk refers potential bookers to the crucial caveat that a couple, wishing to avail themselves once a day during a week’s stay, would have to pay almost £350 extra.
Even the eagle-eyed who alighted on the paragraph of small print at the bottom of the page, would be none the wiser.
Only after declaring that the facilities are subject to height and weight restrictions, seasonal availability, opening times, and age and dress code, does it mention that they “may” attract additional charges. These are not listed.
This is potentially unlawful, according to consumer lawyer Gary Rycroft.
“The facilities were prominently marketed as part of the holiday experience, and extra charges were not clearly disclosed before purchase,” he says. “Under the Digital Markets, Competition and Consumers (DMCC) Act 2024, businesses must not omit material information that would influence a consumer’s decision about whether to enter into a contract.”
EasyJet is defensive. “We always strive to make it clear that use of hotel facilities may incur additional charges,” it told me.
The company said then that it was reviewing the description to “further highlight that the use of the spa facilities is chargeable”, although, at the time of writing, three weeks later, the webpage remained unchanged. It has also now offered a £500 goodwill payment.
As the holiday season begins, you need to read the small print to avoid nasty surprises.
We welcome letters but cannot answer individually. Email us at consumer.champions@theguardian.com or write to Consumer Champions, Money, the Guardian, 90 York Way, London N1 9GU. Please include a daytime phone number. Submission and publication of all letters is subject to our terms and conditions.
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