Daily brief
Iran war fears push UK consumer morale to lowest since 2023, with consumer confidence falling to its lowest level in more than two years. UK borrowing was the smallest since the pandemic, but the Iran war clouds the outlook. UK growth picked up in April, but inflation and supply disruptions spiked amid war impact. The UK budget deficit was the smallest since the pandemic.
BP suffers heavy defeat in investor climate vote.
British International Investment launches a $1.48 billion Asia climate investment push.
HSBC downgrades India to 'underweight' as oil shock clouds earnings recovery.
PwC is fined $166mn by Hong Kong regulators over the Evergrande audit.
by WorldBrief & Maksim Micheliov | AI-generated summary