UK News
County cricket day two: Somerset v Notts, Leicestershire v Sussex and more – live | Cricket
Key events
Five wickets for Pennington!
The first five-fer of the season! Pennington polished off the Somerset tail, just short of a third batting point. Somerset 347 all out. Can Overton, who bashed 60 not out with the bat, now do it with the ball too? Notts 0-0
Fifty for Jake Weatherald
A really impressive debut Championship innings from Jake Weatherald in overcast conditions and on a quite juicy pitch. Chilly too. His nut brown arms tell the tale of a summer spent playing cricket in very different conditions. Fifty from 65 balls, seven fours. Leicestershire 88 for two.
A good start for Warwicks
At Edgbaston, Surrey were finally dismissed for 328 – a fabulous recovery from 65 for six. Three wickets for Bamber, two each for Woakes, Thompson, Gilchrist and Barnard.
Warwickshire have gritted their teeth after the disappointment and made a good start to their innings. Yates and Davies have faced 50 balls a piece, one has 13, the other 40 – I’ll let you guess which is which. Warwicks 66 for 0.
A hundred for Matt Critchley!
A thirteenth first-class century for Critchley, but he’s lost Allison for 80, at last a result for the short stuff from Hants. Essex 259 for four.
Fifties for Ben Kellaway and Colin Ingram
From the depths of 28 for four last night, Ben Kellaway and Colin Ingram have rebuilt Glamorgan. Kellaway, another Lion predicted to have a bright future, reached his half-century first before being bowled by a gorgeous ball from Dom Bess. Glamorgan 137 for five, Ingram 59 not out.
Again apologies that things are slow this morning, the wifi keeps dropping in and out and the hotspot on my phone is also being disobedient. Here, quickly, before it drops again, Ollie Robinson has sent nightwatchman Scriven on his way, before taking himself off. Weatherald and Holland drop anchor.
With an hour gone, let’s trot round the grounds.
“Salutations Tanya!” Good morning Tim Maitland.
“I am torn between two burning issues.
”Firstly, why does the UK insist on giving storms such ridiculously benign names? Storm Dave is more likely to give people the impression that there’s time for a nice cup of tea and some custard creams rather than the desired effect of battening down the metaphorical hatches. What’s wrong with using the names of historical villains? Storm Genghis? Storm Atilla? Storm Thatcher? At the very least give them French names and strike fear into the heart of the general population.
”The second thought is would the England batting line-up be better with a player like Ben Foakes in it? I’m not specifically banging the drum for Foakes, just for the England management to resists the urge to fill their side with yet more peroxide-tipped, high testosterone pyjama cricketers fashioned in their own likeness and instead add a player late in the order capable of having a steadying influence – much in the way that Joe Root calms the top of the order when he inevitably comes in to bat 20 minutes into the innings – and occasionally buy time for the last survivor of the specialist batters or Ben Stokes himself to build their own innings. Someone who can do more than provide another cameo of carnage before handing the initiative back to the bowling side.
“I only mention this as two days of yellow storm warnings and a forecast of snow in the Scottish Highlands should presumably give us all a surfeit of time to consider such things.”
Sadly, I think Ben Foakes time has passed – which seems a ridiculous thing to say about such a talented player.
One for Lancashire fans
A little plug for Paul Edwards, sitting next to me here at Grace Road and supplying statistical nuggets for the blog on a daily basis. He and Graham Hardcastle have set up a new website lankylanky.com, which will cover all aspects of Lancs cricket, including in-depth features, profiles, historical pieces, batting collapses etc. It will be wide-ranging, looking at men’s, women’s and disability cricket as well as the recreational game.
There is a 20 per cent discount until the end of April, code: LANKY20.
Round the grounds, Somerset have a second batting point (Overton 38 not out); Martin Andersson has knocked up a career-best 150 for Derbyshire; Ben Sanderson has nipped out George Balderson for 21, Lancs 394-8.
Ollie Robinson’s first over brings a caught behind appeal against Scriven. Robinson is sure of it and most fed up when turned down.
A statistical goblet from yesterday: Yesterday was 8,231 days since Leicestershire last played first-division cricket. That day was 19 Sept 2003, playing Sussex at Hove, the same match that Sussex won the Championship.
Sorry everyone, a few wifi problems this morning. A blowy gray day at Grace Road but things will start on time.
Ali Martin’s report from Birmingham
Friday’s round-up
The spectre of the Ashes loomed over day one of a new Championship season, every innings, every wicket, a play in one act sent straight to the laptop of Brendon McCullum.
England Lion Emilio Gay won the race to the first century of the season for Durham, a classy innings, fierce on the loose ball, and in tricky conditions at Chester-le-Street. When he was finally out, a fourth catch of the day to Kent’s Zak Crawley, he had pocketed 128 from just 140 balls.
Crawley’s turn with the bat went about as well as Jamie Smith’s and Ollie Pope’s over at Edgbaston, two boundaries before falling lbw to Matthew Potts for nine.
At Grace Road Tom Clark embroidered a stylish 101, as Sussex gave promoted Leicestershire a bloody nose in the morning session, racing to 155 for two by lunch. Lion Tom Haines made a giddy half-century and James Coles, of mega-deal Hundred fame, a pretty 28. An England and Wales Cricket Board bowling scout, watching from the wings, then saw Ollie Robinson remove Rishi Patel in the four overs of Leicestershire’s innings possible before stumps
At Taunton, Somerset performed their usual rescue act, this time from 14 for two against the champions. Tom Abell stroked a flawless 108, and he and young James Rew (64) added 140 for the fourth wicket against Nottinghamshire. One of Rew’s drives lilted through covers like a lullaby. Craig Overton clubbed 32.
Rain wiped out much of the day at Sophia Gardens but Glamorgan, back in Division One for the first time since 2005, had a tricky start. They lost four wickets in six overs against Yorkshire including the fancied Asa Tribe, who donated Jonny Bairstow a pillowy catch. Ben Kellaway and Colin Ingram rebuilt to 99 for four at stumps.
History was made at Southampton, where Noah Thain became the first full substitute in County Championship history under the ECB’s new experimental rule change. He replaced the Essex captain, Tom Westley, whose finger was fractured by a snorter from Hampshire’s Sonny Baker. Wobbling at 67 for three, and with Westley retired hurt, Matt Critchley (97no) and Charlie Allison (60no) rebuilt calmly. There was a minute’s silence at the start of the match in memory of Hampshire and England legend Robin Smith, who died during the winter.
There was also a minute’s silence at Lord’s, to remember long-serving groundsman Mick Hunt. On a stodgy day, Leus du Plooy’s 98 not out helped Middlesex to 279 for five against Gloucestershire.
It was a tough day for Worcestershire’s bowlers at Derbyshire, where Martin Andersson shimmied a rapid unbeaten 134. Worcestershire are without South African signing Beyers Swanepoel, whose desperation to get to New Road was such that he left for the airport with seven overs of a domestic one-day final to go and then found that a furious South African had withheld his no-objection certificate. “Beyers would probably say he’s made a bit of an error in hindsight,” said the Worcestershire chief executive, Ashley Giles.
Lancashire were the only side who won the toss and batted and could be happy enough with their work against Northamptonshire thanks to 90 from Josh Bohannon, 87 from Luke Wells and 71 from Michael Jones.
Scores on the doors
DIVISION ONE
Sophia Gardens: Glamorgan 99-4 v Yorkshire
Southampton: Hampshire v Essex 219-3
Grace Road: Leicestershire 15-1 v Sussex 361
Taunton: Somerset 292-6 v Nottinghamshire
Edgbaston: Warwickshire v Surrey 328
DIVISION TWO
The County Ground: Derbyshire 391-4 v Worcestershire
Chester le Street: Durham 335 v Kent 50-2
Lord’s: Middlesex 279-5 v Gloucestershire
Wantage Road: Northamptonshire v Lancashire 346-7
Preamble
Good morning! In Leicester, the sparrows are chirping as the city stretches into Easter Saturday.
At Grace Road, Sussex, giddy from for their success on day one, will press further. I worry a little what havoc Ollie Robinson might unleash on Leicestershire’s batting line up. Anyway, it all starts at 11am – do join us for news around the grounds.
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:
-
The average 2-year fixed residential mortgage rate today is 5.61%. This is down from 5.62% the previous working day.
-
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
Paying tribute, Sir Keir Starmer said Lord Hattersley “was a giant of the Labour movement”.
Source link
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.
Slow down, you crazy child: What Oxford student theatre can learn from garden plays
Oxford business wins award for its apprentice support
European stock markets hit record high and oil price falls to three-month low after US-Iran peace deal – business live | Business
-
Crime & Safety4 weeks agoWhat happens to Halifax customers if Lloyds makes changes?
-
Crime & Safety4 weeks agoFlock of clay birds set to take flight in special exhibition
-
Crime & Safety4 weeks agoOxfordshire bridge closure comes as management ‘weaknesses’ found
-
Oxford News4 weeks agoActor steps down from major role in new Harry Potter series
-
Oxford News4 weeks agoHenley pub once owned by Russell Brand reopens after 6 years
-
Crime & Safety4 weeks agoFriends of the Ridgeway appoint Matthew Barber as president
-
Oxford News4 weeks agoNHS fracture service helps support extra 1,000 patients
-
UK News4 weeks agoBurnham seeks to calm markets by committing to fiscal rules