NS&I chief executive replaced in “fresh start” over missing savings crisis – business live

Rolling coverage of the latest economic and financial newsNext’s shares have jumped by over 6% at the start of trading, despite its warning that three months of disruption from the Middle East conflict would cost it £15m.Investors are impressed that Next has lifted its pre-tax profit guidance for the year to January 2027 by 4.5% to £1.21bn.For markets, the issue is there’s still plenty of doubt about whether a US-Iran deal can be reached, given how Iran have publicly rejected the US on several occasions. So that’s seen markets become increasingly sceptical about positive headlines from the US side, because we haven’t seen similar noises from Iran. Continue reading...