Monday, November 2, 2026
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UK stocks close higher as energy sector gains tracking rise in oil prices

A senior Iranian official told Reuters that the negotiation in Islamabad increased hopes for a second round of talks, though added that fundamental differences remained over its nuclear program

International News via Reuters:

UK’s main stock indexes closed higher on Thursday, lifted by energy stocks, as doubts about lasting resolution in the Middle East sent oil prices higher. 

A senior Iranian official told Reuters that the negotiation in Islamabad increased hopes for a second round of talks, though added that fundamental differences remained over its nuclear program. 

The blue-chip FTSE 100 index closed 0.29% higher at 10,589.99 points, while the midcap FTSE 250 rose 0.5%.

• Oil giants BP and Shell gained 3.9% and 1.2%, respectively, as Brent crude rose over 3%.

• Industrial metal miners rose 0.8%, tracking extended gains in base metals aluminium and copper.

• Rio Tinto rose 1.7%; Glencore and Anglo American  up 0.5% each.

• Tesco climbed 4.7% even as the food retailer said profit outlook was clouded due to the Middle East conflict.

• The broader personal care, drug, grocery index was up 0.4%.

• Heavyweight banks dropped 0.3%; lender Natwest Group fell 1%; Barclays down 0.7%.

• Money manager Ashmore down 4.8% after the U.S.-Iran war led to net outflows.

• Construction group Morgan Sindall jumped 7.3% after lifting profit outlook, sending construction and materials index up 1.8%.

• EasyJet slips 5% after it warned of bigger first-half loss.

• Product testing firm Intertek jumped 9% after rejecting 7.93 billion pounds ($10.74 bln) buyout deal from Swedish private equity firm EQT AB.

Reporting by Utkarsh Tushar Hathi; Editing by Sahal Muhammed

MP supports documentary on plastic pollution

The Bermuda College recently screened The Plastic Detox Documentary, as part of the College’ Eco Club public awareness efforts

Full statement from the Ministry of Public Works and Environment:

The Minister of Public Works and Environment, the Hon Jaché Adams, JP, MP, attended a screening of The Plastic Detox Documentary at Bermuda College last Friday (10 April), in support of ongoing community efforts to raise awareness about plastic pollution and its wider effects on Bermuda.

Hosted by the Bermuda College Eco Club, the event featured a documentary screening and panel discussion, with proceeds supporting Eco Club students travelling to the Bahamas in May for a sustainability stewardship opportunity.

Minister Adams said the documentary was a clear and sobering reminder that plastic pollution is not only an environmental issue, but one that also raises wider questions about health, responsibility and the kind of island Bermuda wants to be for future generations.

The Minister stated: “I was pleased to attend this important event and to support the conversation taking place around plastic pollution and its implications for Bermuda.

“I thank the Bermuda College Eco Club for organising the screening, Bermuda College for hosting it, and Beyond Plastic for its advocacy and continued engagement on this issue.”

Last month, Minister Adams tabled the Single-Use Plastics Act 2026 in the House of Assembly, which looks to establish Bermuda’s transition away from the most harmful single-use plastics through consultation, science and phased implementation.

“The Government has already introduced legislation to create the framework for Bermuda’s approach to single-use plastics,” the Minister noted.

“If approved by the Legislature, the next step will be to begin public consultation so that Bermuda residents, businesses and other stakeholders can have their say on the path forward.

“This is an issue that requires public awareness, public engagement and responsible action. Events such as this help to keep that conversation moving in a constructive direction.”

Feedback sought on first electricity policy update in decade

Bermuda’s electricity policy is being updated for the first time in over a decade, with the Ministry of Home Affairs inviting public feedback on the draft National Electricity Sector Policy

The Ministry of Home Affairs has launched a public consultation on the proposed National Electricity Sector Policy 2026 (NESP 2026), the first update to Bermuda’s electricity policy since 2015.

Residents, businesses, and stakeholders are invited to review the draft and submit feedback at forum.gov.bm. The consultation closes at 5.00pm on Monday, 4 May 2026.

The Ministry says the policy refresh reflects significant changes in the global energy landscape over the past 11 years, including falling costs for solar and battery storage and growing regulatory expectations on small island grids. It also acknowledges that several targets set in the 2015 policy — including renewable energy build-out and emissions trajectories — were not fully achieved.

Rather than adopting every emerging technology seen internationally, the NESP 2026 is described as “right-sizing” the energy transition for Bermuda — selecting technologies and pathways suited to a 64,000-person island with no interconnection to neighbouring grids and limited land availability.

According to the Ministry, each investment and technology decision will be evaluated against three principles: affordability for Bermudian households and businesses; reliability of the island’s isolated grid; and broadening — not narrowing — access to the benefits of a cleaner energy system.

The policy is described as anchored in a just transition framework built around four pillars: workforce development and reskilling; social and economic inclusion; community empowerment and participation; and environmental and climate justice.

Minister of Home Affairs, the Hon. Alexa Lightbourne, JP, MP, said: “This is the first time Bermuda’s electricity policy has been comprehensively updated in over a decade, and we owe the public a clear-eyed look at what has worked, what has not, and what is realistic from here.”

“NESP 2026 is not about chasing every new technology that appears on the global stage. It is about right-sizing the transition for Bermuda and choosing what fits our grid, our population, and our pocketbooks. Affordability, reliability, and accessibility come first. Lowering emissions and modernising the system follow from getting those fundamentals right. This consultation is an invitation to every Bermudian to help us strike that balance,” Minister Lightbourne added.

The Ministry thanked the Energy Policy Steering Committee for its support in finalising the document.

Media release supplied by the Government of Bermuda, Department of Communications.

Greenrock to mark Earth Day with community event

It takes place on April 22 at Victoria Park

Greenrock is marking Earth Day with a community event next week focused on sustainable living and food security.

It’s a collaborative initiative bringing together community leaders, environmental organisations, schools, local farmers and some Government departments.

Organisers led a media briefing yesterday detailing what attendees can expect.

The Earth Day celebration is scheduled to take place next Wednesday, April 22 from 11am to 3pm at Victoria Park.

Hospitality leaders share optimism at Dockyard summit

This year’s cruise schedule includes 120 calls from regular ships and 73 from occasional visitors, slightly up from 2025

Stakeholders on the frontlines of Bermuda’s tourism sector gathered at the Bone Fish Bar and Grill in Dockyard yesterday to discuss key updates and new initiatives for this year’s cruise ship season.

Alisa Bernardo attended the Dockyard Insider Summit and filed the above report.

Crossfire Take Opener in Tense Wednesday Night Racing Start

The 2026 Wednesday Night Racing season, hosted by the Royal Hamilton Amateur Dinghy Club, kicked off in dramatic fashion as Crossfire secured the first victory of the campaign in a closely contested battle on the water.

Conditions for the opening night provided a technical challenge for the fleet, but it was Crossfire that handled the pressure best. Demonstrating superior boat speed from the starting gun, they were the first vessel to cross the line with an elapsed time of 43:37. Once the handicaps were applied, their corrected time of 48:06 was enough to secure the overall win and set a high benchmark for the season.

The race for the podium was decided by the narrowest of margins, with Airforce pushing the leaders until the final leg. Airforce was the second boat to physically cross the line at 51:00, and their corrected time of 48:16 earned them a well-deserved second place. Only ten seconds separated the top two boats after calculations, highlighting the competitive nature of this year’s fleet.

Passion occupied the third spot on the podium after a disciplined performance, recording a corrected time of 48:59. While they remained within striking distance, a late shift in the wind saw them settle for third. Further down the leaderboard, Scatteraction claimed fourth with a corrected time of 49:22, while Menace rounded out the top five at 50:10. All eyes now turn to the second round of racing next week.

Seeds Steady as Giant-Killers Strike in Devonshire

Top seeds Kareem El Torkey and Sabrina Sobhy safely navigated their way into the next round of the 2026 STARR Bermuda Open, but a string of high-profile upsets elsewhere ensured a day of high drama at the Bermuda Squash Club.

In the men’s draw, world number 21 Kareem El Torkey lived up to his billing as the tournament favorite. Facing Finnlay Withington, the top seed produced a display of clinical precision to win in straight sets. While Withington pushed the Egyptian in a competitive third frame, El Torkey’s superior court coverage saw him emerge with an 11-6, 11-7, 11-9 victory.

However, the form book was torn up in the afternoon’s marquee matchup. Rui Soares, ranked 86th in the world, produced the performance of the round to eliminate the 37th-ranked Karim El Hammamy. In a five-set thriller, Soares showed immense physical resilience to recover from two sets to one down, dominating the final two frames to secure a stunning 9-11, 12-10, 3-11, 11-4, 11-6 win. The upsets continued as Nicholas Spizzirri, ranked 90th, dumped out world number 50 Nathan Lake.

The women’s division saw a more straightforward afternoon for the heavy hitters. World number 19 Sabrina Sobhy was in a ruthless mood, conceding just 14 points in a dominant 11-5, 11-4, 11-5 win over Heylie Fung. She was joined in the next round by Menna Hamed, who maintained her composure to defeat Laura Tovar in straight sets.

Despite the early shock results in the men’s bracket, the path remains clear for the tournament’s elite as the competition moves toward the business end of the week.

One and Done: Montgomery Swaps Madison for the Pros

Freshman sensation Blake Montgomery is officially leaving the college ranks behind, as the Ottawa Senators announced on Wednesday that the forward has signed a three-year entry-level contract.

After a single, standout season with the Wisconsin Badgers, the 20-year-old Bowie native becomes the first UW skater to turn professional after his freshman year since 2020. Montgomery, drafted 117th overall by Ottawa in 2024, has spent the last year proving why he remains one of the Sens’ most promising prospects.

He finished his NCAA career with nine goals and 17 points across 38 games, leading all Badger freshmen in scoring and helping the team reach the national championship final. Montgomery now heads to the AHL’s Belleville Senators on an amateur tryout agreement to play out the remainder of the current campaign before his three-year deal officially kicks in for the 2026-27 season.

“It’s what you dream of since you’re a kid,” Montgomery said of the signing. “I kind of can’t even believe it’s still real. I’m trying to stay calm and prepare for what’s ahead.”

The move marks the latest chapter in a whirlwind few years for the 6-foot-4 forward, who already boasts a 2025 Memorial Cup ring from his time with the London Knights. While the Madison faithful will undoubtedly miss his physical presence and scoring touch, Montgomery’s transition to the professional grind signals a new era for both the player and a rebuilding Ottawa franchise eager to integrate his high-standard “relentlessness” into their system.

Mexico Bound: Bermuda Confirm Place for RAN U19 Championship

Bermuda’s rising rugby stars are preparing to take their place on the international stage once more, as Rugby Americas North (RAN) confirmed the return of the Men’s Under-19 XVs Championship to Querétaro, Mexico.

The tournament serves as the final act of a three-year hosting bid by Federación Mexicana de Rugby, with the region’s elite youth talent descending on the world-class FC Total facility. However, in a strategic shift caused by the 2026 FIFA World Cup logistical demands, the tournament has moved from its traditional mid-July slot to the first week of August to ensure smoother travel for the participating unions.

Bermuda was among the first to confirm their involvement, signaling the island’s continued commitment to the youth pathway. They will be joined by regional rivals the Cayman Islands and Jamaica, alongside hosts Mexico.

The competition for the Bermudian squad will be particularly fierce this year. The United States is confirmed to send their College Rugby Association of America (CRAA) Men’s U19s, a program designed as a high-performance bridge to their senior national team.

For the Bermudian youngsters, the opportunity to play fifteen-a-side rugby against varied tactical styles is essential for their progression into the senior ranks. FMRU President Pablo Septien emphasized that the event provides “meaningful international minutes” for players and coaches alike.

As programs across the Caribbean and North America continue to professionalize, the skill gap is closing, promising the most competitive age-grade tournament to date. All eyes now turn to the August heat of Mexico, where the next generation of Gombey Warriors will look to leave their mark.

Serious collision near Somerset Bridge

The Bermuda Police Service urged motorists to avoid the area as traffic was blocked for sometime

Police said there was a serious collision between a car and motorcyclist on Wednesday evening near Somerset Bridge.

A post stated, “We urge you to avoid traveling through that area to help minimize these delays.”

The condition of the driver and rider are unknown at this time.

We’ll have more details as they become available.

Oil prices rise on doubts US-Iran peace talks will ease Hormuz disruption

Brent crude futures were up 81 cents, or 0.9%, at $95.74 a barrel at 1100 GMT

International News via Reuters:

Oil prices rose on Thursday, reversing earlier declines as the market questioned whether peace talks between the U.S. and Iran would achieve a deal to end the war that has disrupted energy supplies from the Middle East.

Brent crude futures were up 81 cents, or 0.9%, at $95.74 a barrel at 1100 GMT. U.S. West Texas Intermediate crude futures climbed 34 cents, or 0.4%, to $91.63 a barrel.

Both benchmarks settled little changed on Wednesday after trading in a wide range during the session.

“We remain sceptical of any immediate solving of this war,” said PVM oil market analyst John Evans. “Pick any headline and there is always a counter.”

The U.S.-Israeli war on Iran has caused unprecedented disruption of global oil and gas. It has led to the halting of traffic through the Strait of Hormuz, which typically carries about 20% of the world’s oil and liquefied natural gas flows. 

POSSIBLE RESUMPTION OF PEACE TALKS

U.S. and Iranian officials were considering returning to Pakistan for further talks as early as the coming weekend. Pakistan’s army chief arrived in Tehran on Wednesday as a mediator.

A source briefed by Tehran told Reuters that Iran could consider allowing ships to sail freely through the Omani side of the Strait of Hormuz in the event of a deal to prevent renewed conflict after a two-week ceasefire started on April 8.

In another sign of a potential easing of military actions, Israel’s cabinet met on Wednesday to discuss a possible ceasefire in neighbouring Lebanon, a senior Israeli official said, more than six weeks into its war with Iran-backed Hezbollah.

Analysts from ING estimate that roughly 13 million barrels per day of oil flow has been disrupted by the closure of the Strait, after taking into consideration pipeline diversions and the trickle of tankers that have passed through the gateway.

With the U.S. blockade on Iranian ports announced after the collapse of peace talks over the weekend, the disruption could increase, although some U.S. sanctioned tankers have made it through.

U.S. Treasury Secretary Scott Bessent said that Washington will not be renewing sanction waivers for some Iranian and Russian oil.

Highlighting the constraints on global crude and oil product supply, U.S. inventories of oil, gasoline and distillate fuels fell last week, the Energy Information Administration said on Wednesday, as countries seeking barrels to replace the disrupted flows drove exports and meant imports shrank. 

Additional reporting by Yuka Obayashi in Tokyo and Siyi Liu in Singapore; Editing by Lincoln Feast, Christian Schmollinger, Thomas Derpinghaus, Barbara Lewis and Jane Merriman

South African opposition leader Malema gets jail sentence for firing gun

The 45-year-old stayed in court in KuGompo City as magistrates considered whether to accept an appeal against the sentence

International News via Reuters:

South African opposition leader Julius Malema was sentenced to five years in jail on Thursday for firing a rifle in the air at a rally, a judgement that could bar the prominent campaigner from parliament.

The 45-year-old stayed in court in KuGompo City as magistrates considered whether to accept an appeal against the sentence. It was not immediately clear if that process would delay his transfer to prison.

Malema, head of the far-left Economic Freedom Fighters, the fourth-biggest party in parliament, was convicted last year on five charges after firing the gun at a stadium in the Eastern Cape province in 2018.

“It is clear that if crimes are allowed to go unchecked and unpunished, it poses a serious threat to our democratic state,” magistrate Twanet Olivier said before delivering the sentence.

The court sentenced Malema to five years in prison for unlawful possession of a firearm and two years for unlawful possession of ammunition.

It gave him fines for the other three offences, including discharging a firearm in a built-up area with prison time if he doesn’t pay. The sentences will run at the same time.

SETBACK FOR MALEMA’S FAR-LEFT PARTY

According to South Africa’s constitution, a prison sentence of 12 months or more, if confirmed after all appeals, would bar Malema from serving as a lawmaker.

That would be a major setback for his party, which has strong support among young South Africans frustrated by the racial inequality that has persisted since the end of white minority rule in 1994.

The Economic Freedom Fighters advocate nationalising mines and seizing land from white farmers.

The state prosecutor had told the court on Thursday it would set a bad precedent if Malema got off without jail time and urged the magistrate to impose the maximum possible sentence of 15 years.

Malema’s lawyers had argued he did not intend to cause any harm by firing the gun in a celebratory gesture, and called for a more lenient sentence such as a fine.

($1 = 16.3842 rand)

Additional reporting by Anathi Madubela, Nilutpal Timsina and Olivia Kumwenda-Mtambo;Editing by Alexander Winning and Andrew Heavens