Oil price hits five-month high before paring gains
International benchmark Brent rises to more than $80 a barrel after US strikes on Iran
Economic news
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Industry bids ‘good riddance’ to SEC rules
Plus, Scottish Widows cuts UK exposure, emerging markets outperform, and Jenny Saville at the National Portrait Gallery
Oil price jumps to five-month high after US strikes on Iran
International benchmark Brent rises to more than $80 a barrel before paring some of its gains
China needs to take a long-term view and let the renminbi rise
Appreciation would suit Beijing’s global ambitions for the currency
Lloyds moves £6bn pension fund in house
New provider Scottish Widows is overhauling its offering