FTSE 100 Live: Iran war affects airlines and banks, natural gas prices soar
Yahoo Finance· 2026-03-02 13:52
Group 1: Market Impact of Conflict - The conflict is expected to have a "sharp but short-lived" impact on oil and gas prices, according to George Lagarias, chief economist at Forvis Mazars [2] - Oil prices have increased by 30% since last December, with Brent crude oil rising almost 10% to just under $80 a barrel and US WTI up 9% to just over $73 a barrel [3][6] - UK natural gas prices have surged by 25% to 98.5p per therm, nearing spikes seen in January, which were the highest in 10 months [7] Group 2: Stock Market Reactions - The FTSE 100 index dropped 82 points to 10,828 at the start of the week, driven down by airlines, hotels, banks, and retailers [10] - British Airways owner IAG experienced the largest decline, falling by 9.78%, followed by Informa down 6.7% and IHG down 5.3% [10][11] - Defence companies saw gains, with BAE Systems rising 6.9%, and oil and gas producers Shell and BP both increasing by over 5% [12] Group 3: Commodity Price Movements - Gold prices increased by 2.4% to above $5,400 an ounce, while silver rose by 1.7% to $95.4 per ounce [8] - Copper prices decreased by 0.7%, with coal and steel also down, and iron ore remaining flat [9] Group 4: Regulatory Developments - The Competition and Markets Authority has initiated an investigation into Intercontinental Hotels, Hilton, and Marriott for suspected sharing of sensitive commercial information [14]
First Light News: Macro Week Ahead – US Jobs Data on Deck
FX Empire· 2026-03-02 08:39
EnglishItalianoEspañolPortuguêsDeutschالعربيةFrançaisImportant DisclaimersFXEmpire is owned and operated by Empire Media Network LTD., Company Registration Number 514641786, registered at 7 Jabotinsky Road, Ramat Gan 5252007, Israel. The content provided on this website includes general news and publications, our personal analysis and opinions, and materials provided by third parties. This content is intended for educational and research purposes only. It does not constitute, and should not be interpreted a ...
China Eastern Airlines Announces Comprehensive Upgrade to International Route Network in 2026
Businesswire· 2026-03-02 08:37
SHANGHAI--(BUSINESS WIRE)--China Eastern Airlines (CEA) recently unveiled its plan to comprehensively optimize its international air route network in 2026, aiming to further enhance connectivity across its global service network and strengthen hub transfer capabilities by launching new routes, increasing flight frequencies, and resuming certain international routes. Efforts will be focused on expanding its presence in such markets as Europe, Southeast Asia, Northeast Asia, Central Asia, as well. ...
Women in power: Scatec CDIO Kine Årdal conquers oil and gas, renewables and digitalisation
Yahoo Finance· 2026-03-02 08:37
A couple years in, she indeed brought her ambitions to fruition, given the opportunity to lead a multi-disciplinary exploration technology team of geoscientists and IT specialists. “Even if ambitions surprise people at first, it’s good to express them. Managers aren’t mind readers,” she remarks.Although not the most encouraging feedback in that moment, she wasn’t disheartened. After all, it was true – she was ambitious – and she had the prowess and tenacity to back it up.Thus, Årdal, soft-spoken by nature, ...
Shell and BP shares lifted as oil and gas price spike on Iran war
Yahoo Finance· 2026-03-02 08:34
Shell and BP shares lifted as oil and gas price spike on Iran war Proactive uses images sourced from Shutterstock Shell PLC and BP PLC shares were among the biggest risers on the FTSE 100 on Monday as oil and gas prices spiked after the US and Israel carried out military strikes on Iran, sparking retaliatory rocket and drone attacks against other sites in the region. Brent crude oil futures jumped almost 8.8% to $79.25 a barrel, the highest since the start of last year. UK natural gas prices leapt 25% t ...
TransDigm Group Stock: Is TDG Underperforming the Industrial Sector?
Yahoo Finance· 2026-03-02 08:32
Based in Cleveland, Ohio, TransDigm Group Incorporated (TDG) designs, manufactures, and supplies highly engineered aircraft components. It delivers actuators, ignition systems, connectors, cockpit displays, safety restraints, and testing solutions to aerospace manufacturers, airlines, military agencies, and industrial equipment producers worldwide. With a market cap of nearly $73.6 billion, TransDigm occupies the “large-cap” territory, a class reserved for companies valued above $10 billion. The scale st ...
Cameco Signs Long-Term Uranium Supply Agreement with India
Businesswire· 2026-03-02 08:30
DemandSASKATOON, Saskatchewan--([BUSINESS WIRE])--Cameco (TSX: CCO; NYSE: CCJ) today reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2025, in accordance with International Financial Reporting Standards (IFRS). "Our fourth quarter and year- end results reflect another year of disciplined execution across our uranium, fuel services, and Westinghouse segments, demonstrating the strength of our strategy in a market that continues to evolve in supp...# ...
Eco (Atlantic) Oil and Gas Ltd. Announces Navitas Signs Farm-In for North Falklands Licence
Accessnewswire· 2026-03-02 08:30
Navitas Signs Definitive Farm-In Agreement for JHI's North Falklands Licence TORONTO, ON / ACCESS Newswire / March 2, 2026 / Eco (Atlantic) Oil & Gas Ltd. (AIM:ECO)(TSXV:EOG), the oil and gas exploration company focused on the offshore Atlantic Margins, notes that, further to its announcement on 12 January 2026, Navitas Petroleum LP ("Navitas"), with whom Eco has signed a Framework Agreement related to several assets, has today confirmed that it has signed a definitive farm-in agreement with JHI Associates ...
Stock Market Today: Oil Price Surge; Dow Futures Skid
WSJ· 2026-03-02 08:29
S&P 500 and Nasdaq-100 futures drop more than 1.5% ...
12 Best Gold Stocks to Buy According to Analysts
Insider Monkey· 2026-03-02 08:27
In this article, we will discuss the 12 Best Gold Stocks to Buy According to Analysts.Gold stocks have been on a tear over the past year, with the precious metal smashing records on its way to record highs. The yellow metal has already powered through the $5,500-an-ounce level, a rally fueled by soaring geopolitical tensions in the Middle East and aggressive buying by central banks.While gold rallied by about 65% in 2025, Daniel Oliver of Myrmikan Gold Fund insists there is still room for additional gains. ...