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UK economy faces recession if strait of Hormuz remains closed, EY warns - business live

Rolling coverage of the latest economic and financial news

Elsewhere on the corporate front this morning, easyJet has extended the deadline for suitor Castlelake to decide whether to make ?a firm takeover offer for the business.

Castlelake’s “put ?up or shut ?up” deadline has been pushed to7 ?August from 3 August, matching rival bidder Apollo’s existing deadline.

Clarksons delivered a record first half performance, reflecting both the investment into our underlying business and the exceptional volatility caused by the disruption to global trade from global conflict including the situation in the Strait of Hormuz. We expect the full year performance of the group to be materially ahead of market expectations.

Aug 3, 2026 Business FTSE Stock markets

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Business Aug 3, 2026 UK economy faces recession if strait of Hormuz remains closed, EY warns - business live Rolling coverage of the latest economic and financial newsElsewhere on the corporate front this morning, easyJet has extended the deadline for suitor Castlelake to decide whether to make ?a firm takeover offer for the...

UK economy faces recession if strait of Hormuz remains closed, EY warns - business live

Rolling coverage of the latest economic and financial newsElsewhere on the corporate front this morning, easyJet has extended the deadline for suitor Castlelake to decide whether to make ?a firm takeover offer for the...

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