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Vistry warned that its first‑half adjusted pre‑tax profit will be "significantly lower" than the prior year, citing the fallout from the US‑Israeli war on Iran. The warning sent the stock down 10.5%, its lowest level in nearly 15 years, and prompted a company‑wide operational review led by new CEO Adam Daniels. Vistry’s Profit Warning Amid Middle East Conflict The housebuilder, owner of Bovis Homes, Countryside and Linden Homes, updated investors hours before its AGM, stating that heightened macro‑economic uncertainty has altered the outlook since the March update. While sales volumes remain above last year, buyer caution has risen sharply due to the conflict. Financial Fallout: Share Drop and Profit Forecasts Key financial signals include: Share price fell 10.5% in early trading, reaching a 15‑year trough. First‑half profit expected to be "significantly lower" than 2025. Adjusted pre‑tax profit for 2026 projected to sit in the "middle of the range" of analyst forecasts. Company halted its share‑buy‑back programme to prioritise debt reduction. Ripple Effects on the UK Housing Market and Supply Chain The conflict has introduced upward pressure on building‑material costs and labour wages, pressures Vistry expects to persist into the second half of the year. To mitigate, Vistry is negotiating with suppliers and offering larger buyer incentives, actions that further compress margins. Industry analysts, such as Anthony Codling of RBC Capital Markets, note that while execution risks remain high, the update reflects a broader slowdown in UK housing activity. Outlook: Operational Review and Path to Recovery CEO Adam Daniels has launched a company‑wide operational review, with findings slated for September. The firm anticipates a partial recovery in the second half of the year, aiming for profits flat with 2025 levels and a return to a more stable growth trajectory thereafter.

The Cultural Phenomenon Returns On a chilly morning at a Silvertown studio behind London City airport, the sunburst intro to Jimmy Cliff's The Harder They Come is on repeat. Dancers run through a routine studded with reggae and dancehall moves. "Get high," commands associate choreographer Neisha-yen Jones with a smile. "Get low!" The ensemble rise and dip. They do the bogle and whine around each other as their watchful director Matthew Xia nods along. They circle Natey Jones who breaks out the opening line: "Well, they tell me of a pie up in the sky." In the distance, a plane leaves the ground. From Film to Theatrical Celebration It's eight months since The Harder They Come's full-throttle takeoff at Stratford East, where the musical was so popular that it is now returning for a second run which will also serve as a eulogy for Cliff who died in November. Playwright Suzan-Lori Parks' adaptation of Perry Henzell's 1972 Jamaican film is bolstered by a handful of her own songs as well as classics including Israelites and Wonderful World, Beautiful People – plus every number on the film's monumental soundtrack. Jones is reprising the role of Ivan (played on screen by Cliff and inspired by real-life outlaw Rhyging), who arrives in Kingston from the country and is dismissed and exploited, before becoming both a hit singer and a fugitive. The Evolution of a Cultural Narrative The original was akin to cinéma vérité, directly evoked spaghetti westerns and veered into blaxploitation territory; Ivan's tale has gained greater warmth, humour and protest spirit on stage. It was the best musical I saw in 2025. "The story is a tragedy but the theatrical event is a celebration," says Xia of his production. Twenty years ago, the film was adapted as a musical with a book by Henzell, also at Stratford East. "It all started at Ivan's Nine Night," Xia recalls. "There was a massive poster of Ivan on the wall, with everyone coming, and it was told in retrospect with vignettes." Choreography and Cultural Connection Shelley Maxwell, recently arrived from Jamaica, was watching the musical in the audience one night and has since become the choreographer of the new production. She has fused the folk dance forms of revivalism and pocomania, learned in her childhood, with reggae, dancehall and moves that today's teenagers can recognise. "I wanted to tap into the youth market," she says. It's brought some enthusiastic feedback from audience members who may not know the film. "Like: 'Oh my God, they did that step I always do at a party!' It allows them to form a connection." Authenticity and Cultural Representation Xia, wearing trainers in the Jamaican flag's colours, and Maxwell, whose tracksuit has the same black, green and gold trim, were intent on instantly transporting their audience to Kingston. The opening, says the director, is an "establishing shot" with characters coming and going on Simon Kenny's magnificent multi-level set, accompanied by Toots and the Maytals' hit Funky Kingston. To borrow from its lyrics, you really can believe everything they do. Even each move in the dominoes game we see is scripted, explains Maxwell, who mapped out the market scene with precision: "Where are you going to? How heavy is the item that you're holding? This is the swing of the hips." Social Commentary Through Performance Xia, whose father came to England from Jamaica in the 1970s, praises the freewheeling realism of the film. "Lots of the background performers are just whoever happened to be in the market that day, or walking through the shantytown. Lots of the actors were people that Perry knew, they had no training." Henzell, says Xia, showed "the part of Jamaica that had always been hidden, people living hand to mouth". The musical depicts a "quartet of oppression" against Ivan, as he takes a stand against individuals representing hypocrisies of the church, law, drugs trade and music industry. Universal Themes and Contemporary Relevance The Harder They Come was both a pioneering example of independent film-making for Jamaicans and a portrait of a newly independent country. Maxwell, who grew up glued to Hollywood musicals, says it was empowering to discover a film full of the Jamaican songs she loved. "I was probably way too young when I saw it. But what I saw was the world around me." She traces how different forms of music played a pivotal part in the country establishing its identity, moving from African forms and American R&B; to mento, ska, rocksteady, reggae and the rise of Bob Marley and Jimmy Cliff. Maxwell captures that chain reaction with a tantalizing question: "What's this groove becoming?" Transforming the Narrative for Modern Audiences The musical also makes its hero's actions more understandable. "In the film, Ivan becomes a kind of wanton murderer," says Xia. In the musical, "he accidentally shoots a police officer when he's under threat, is remorseful, yet also knows that if he gives himself in then that's the end of his journey". Another significant change is the depth given to the principal women – Ivan's mother Daisy and Elsa, with whom he falls in love under the eye of her authoritarian guardian, the preacher. "The moral heart of the piece now resides in those two women," says Xia. Maxwell transforms a brief sequence from the film, in which Ivan imagines a tryst with the devout Elsa, into a floor-trembling set piece when the preacher's congregation lose their robes to indulge in lustful fantasy. The male gaze of the original scene is duly excised: "it had to be like it was both of them in partnership in that fantasy world," says Maxwell, who adds that the nature of dancehall – "grinding, gyrating on another body" required her to use her skillset as an intimacy director.

The LeadVictor Wembanyama returned from suspension with a dominant performance, scoring 27 points and grabbing 17 rebounds to lead the San Antonio Spurs to a commanding 126-97 victory over the Minnesota Timberwolves. The win gives the Spurs a 3-2 lead in their Western Conference semifinal series, positioning them one win away from advancing to the conference finals.The Wembanyama RedemptionWembanyama's return was highly anticipated after he was ejected in Game 4 for elbowing an opponent, which resulted in an automatic suspension. The young star expressed his eagerness to return, saying "Very, very much" when asked how anxious he was to get back on the court. He delivered in spectacular fashion, scoring 16 of the Spurs' first 24 points and finishing with a double-double in just the first half alone (21 points, 11 rebounds)."I think one thing, the one word I'd like to use, just 'mature,'" Spurs coach Mitch Johnson said of Wembanyama. "There's a lot that's happened in the last 48 hours, in the last game, and I think how that young man came out tonight and played in a variety of ways, in a variety of situations, not just in terms of his production, was extremely mature and then defensively, start to finish."The Statistical BreakdownThe Spurs received balanced scoring beyond Wembanyama's performance:Keldon Johnson: 21 points off the benchDe'Aaron Fox: 18 pointsStephon Castle: 17 pointsDevin Vassell: 12 pointsDylan Harper: 12 points, 10 reboundsFor the Timberwolves, Anthony Edwards led with 20 points, while Jaden McDaniels and Julius Randle each had 17 points. Ayo Dosunmu contributed 16 points and Naz Reid added 12.The Spurs led by as many as 18 points in the second quarter before settling for a 12-point advantage at halftime. After Minnesota tied the game at 61-all early in the third quarter, San Antonio responded with a 30-12 run to take control of the game.The Series ImplicationsThis victory gives the Spurs significant momentum and a 3-2 series lead. The team showed resilience and maturity, particularly from their young star Wembanyama, who channeled his frustration from Game 4 into a dominant performance."We played with the appropriate fear, discipline, execution, physicality, poise," Spurs coach Mitch Johnson said. "And I thought we had it from an array of people tonight, and it was really good to see. We needed everybody, because at different moments of the game, different guys stepped up."The Timberwolves, meanwhile, struggled with consistency, particularly on defense. "We went away from what was working, and then, you know, defence just cratered," Timberwolves coach Chris Finch said. "In the last six minutes of the third quarter, lot of it was just ball contain stuff. And, you know, offensively found stuff that was working, then we just started breaking off plays, you know. And that's my job. I gotta get us back on track. That's on me."The Path ForwardThe series now shifts to Minneapolis for Game 6 on Friday, with the Timberwolves facing elimination. If necessary, Game 7 would be back in San Antonio on Sunday."I don't see nobody in our locker room that [is] worried at the end of the day," Timberwolves star Anthony Edwards said. "Man, it's another basketball game. So you come out, put your boots on and get ready to go work."

Conan O’Brien has been officially announced as the host for the 99th Academy Awards, scheduled for 14 March 2027, extending his run as the ceremony’s comedic anchor for a third year in a row.Academy Confirms O’Brien as Host for the 99th AwardsThe Academy’s leaders, Bill Kramer and Lynette Howell Taylor, praised the “incredible team” behind the past two shows and highlighted O’Brien’s “brilliance and humor” as central to the celebration. Executive producers Raj Kapoor and Katy Mullan will return, ensuring continuity in the production’s tone and style.Viewership Trends and Social Engagement Under O’Brien’s Tenure2025 inaugural year: 19.7 million TV viewers tuned in.2026 ceremony: traditional broadcast ratings dipped (exact figure not disclosed), but social‑media interaction rose 42% compared to the previous year.2027 broadcast will air live on ABC from the Dolby Theatre in Los Angeles.What O’Brien’s Return Means for the Oscars’ Brand and Broadcast FutureIndustry analysts note that O’Brien’s comedic style has revitalized audience perception, offsetting the ratings slump with heightened online buzz. Craig Erwich, president of the Disney Television Group, emphasized that O’Brien “makes Hollywood’s biggest night one of the most entertaining celebrations of the year.” The continuity also buys the Academy time as it prepares for a major platform shift slated for 2029.Looking Ahead: Potential Shifts in Hosting and Platform StrategyThe 99th ceremony will be the penultimate event held at the Hollywood Dolby Theatre and the last on traditional broadcast TV. By 2029, the Oscars are set to move to YouTube and relocate to downtown Los Angeles for the 101st awards, suggesting a long‑term pivot toward digital distribution. O’Brien’s presence in 2027 serves as a bridge between the legacy broadcast era and the forthcoming streaming‑first model.

The Escalating Crisis in Blue Nile StateRecent clashes in Sudan's Blue Nile State have triggered a mass displacement crisis, with thousands of civilians forced to abandon their homes amid escalating violence. The conflict, which has intensified in recent weeks, has created urgent humanitarian needs as families seek safety from the fighting.Humanitarian Impact and Displacement FiguresThe United Nations reports that over 15,000 people have been displaced in Blue Nile State alone since the beginning of this month, with many seeking refuge in neighboring areas or across the border into Ethiopia. The displacement crisis is straining already limited resources in host communities and creating conditions ripe for disease outbreaks and food insecurity.Regional Security ImplicationsThe conflict in Blue Nile State represents a significant challenge to regional stability, with potential spillover effects into neighboring countries. The fighting involves multiple armed groups and has complicated efforts to establish a lasting peace in Sudan, which has been grappling with various conflicts since the country's independence.International Response and Future OutlookInternational humanitarian organizations are struggling to access affected areas due to security concerns and bureaucratic obstacles. The coming weeks will be critical in determining whether the conflict can be de-escalated and whether displaced populations can return to their homes safely, or if the crisis will further deepen, potentially leading to even larger displacement and increased humanitarian needs.

The Cooking Gas Crisis in AsiaIn the ramshackle lanes of a south Delhi slum, Afshana Khatoon crouched wearily on her haunches and began lighting a small pile of firewood. She had just returned from six hours spent trudging through the urban forests and dry parks of India's capital looking for kindling to turn into a makeshift stove. As the unforgiving summer heat soared above 40C, she had walked for miles, piling the sticks and fallen branches into a bundle on her head while sweat ran down her face.Just a few weeks ago, the 35-year-old had been preparing meals for her four children on a small gas stove with little fuss. But as the crisis in the Middle East has choked India's vital supplies of imported liquefied petroleum gas (LPG) – used by more than 60% of the country's population for cooking – refills have been scarce and prices have risen far beyond what is widely affordable.Return to Traditional FuelsKhatoon, like growing numbers of people in India and more widely across Asia, has been forced to cook with crude, dirty fuels such as firewood and coal in order to survive. "It already feels like hell," she said, as she bustled about, filling a pot with water. "I'm not eating properly, and I have to work much more than before. My whole day now is about collecting firewood and cooking."The return to fuels such as firewood and coal is not only deepening the economic strain of the war on ordinary civilians in countries across Asia, but raising concerns about public health, air pollution and the fragility of the energy transition.Supply Chain Disruption and Price SurgeIndia imports about 60% of its LPG needs, of which about 90% usually comes through the strait of Hormuz, the critical shipping route still blockaded amid the ongoing conflict between Iran and the US. Official data shows India's LPG consumption fell by 2.2m tonnes in April, the sharpest decline in years.As the war has dragged on, cooking gas prices in informal markets have surged. In Khatoon's dimly lit shanty, her 5kg gas canister sat empty and forlorn in the corner. She said LPG had become prohibitively expensive for her family, rising to more than four times what she used to pay. "My husband earns 400 to 500 rupees a day. We can't spend 1,000 rupees just on gas for a week," she said.While the Indian government insists there is no shortage, in a speech this week the prime minister, Narendra Modi, called on people to adopt austerity measures including limiting their use of fuel and petrol. According to the defence minister, India has petroleum gas reserves to last just 45 days.Health and Environmental ConsequencesOnce Khatoon's fire stove is lit, thick smoke rises from the flames. It stings the eyes and throat but she has no option but to breathe it in as she cooks. She put her head in her hands, admitting she felt utterly exhausted. "We just want to cook as quickly as possible," she said.The return to biomass is raising alarms about air quality in cities across the region. Solid fuels such as wood and charcoal come with a range of health and environmental risks. They emit a dangerous set of pollutants that have been linked to respiratory problems, such as chronic obstructive pulmonary disease and lung cancer, strokes and heart disease.The combined effects of ambient air pollution and household air pollution are associated with 6.7 million premature deaths annually, according to the World Health Organization. Women and children, widely responsible for household chores such as cooking or collecting firewood, are the most vulnerable.Reversal of Environmental ProgressDelhi already ranks among the world's most polluted cities, and years of policy have focused on promoting cleaner fuels such as LPG and compressed natural gas to reduce emissions.Environmental activists fear years of progress toward widespread use of cleaner fuels is being reversed as the war in the Middle East drags on. With shortages deepening, authorities in Delhi have temporarily relaxed restrictions on the use of coal and firewood."When prices rise, it's the poorest who are forced to switch back to biomass," said Harjeet Singh, a climate activist and the founding director of the Satat Sampada Climate Foundation. "Biomass burning is a major source of fine particulate pollution."Future OutlookAs the conflict in the Middle East continues to disrupt global energy supplies, the health implications of reverting to traditional cooking methods across Asia are likely to worsen. Without immediate intervention to either increase LPG supplies or provide affordable alternatives, public health crises in major urban centers could escalate, potentially reversing years of progress in air quality improvement.The situation highlights the vulnerability of energy-dependent nations to geopolitical conflicts and underscores the urgent need for diversified energy sources and more resilient supply chains in the region.

The Lead: Australia's Spin Strategy for World Cup RedemptionAustralia's women's cricket team has unveiled a squad for the T20 World Cup with a clear focus on spin bowling, featuring captain Sophie Molineux's return alongside world-class spinners Ashleigh Gardner, Alana King, and Georgia Wareham. The team aims to bounce back from recent semi-final exits in major tournaments with this strategic selection.The Spin Selection DilemmaThe return of a fully fit Sophie Molineux from a lower back issue has created a selection squeeze for Australia, who already boast a formidable spin trio. Molineux, who has succeeded retired captain Alyssa Healy, will be a lock in the side despite the abundance of spin options. Chief selector Shawn Flegler confirmed that all four spinners could potentially play in the same side, with conditions determining the final combination.The Spinners' CredentialsAustralia's spin options are exceptionally strong. Alana King took a record 7-18 against South Africa in last year's 50-over World Cup and was player of the series after collecting 23 wickets in last year's Ashes triumph. King returned to the side after being left out of the India tour and took five wickets at an average of 11 in the West Indies, conceding just 5.5 runs an over while bowling in the powerplay.The Pace Attack ChangesThe pace bowling options have seen changes, with 20-year-old left-arm quick Lucy Hamilton included in the 15-player squad, while Darcie Brown was the surprise omission. Hamilton, who debuted in all three formats for Australia in March, brings a rare left-arm pace option in women's cricket. Coach Shelley Nitschke praised Hamilton's ability to get good bounce and bowl a heavy ball, noting it's a real point of difference for the attack.Squad Composition and ExperienceThe squad blends experience with new energy. Ellyse Perry will feature in her 10th T20 World Cup, having been part of every edition since the inaugural tournament in 2009. Allrounder Nicola Carey returns after a three-year absence, while Grace Harris is back after being left out of the recent West Indies tour. Annabel Sutherland also returns after missing the West Indies tour.Tournament Preparation and OutlookAustralia will play five warm-up games in England and Wales before their T20 World Cup campaign begins against South Africa on June 13. They'll play three warm-up matches at Arundel Castle against South Africa, starting on May 31, before a pair of practice games against England in Cardiff. The team is motivated by recent semi-final exits in major tournaments and aims to perform better in those crucial moments.

The Abrupt End of Australia's Sprint CampaignKaden Groves, Australia's premier sprinting hope at the 2026 Giro d'Italia, has been forced to abandon the race due to injuries sustained in a mass crash during the opening stage in Bulgaria. The 27-year-old, who was aiming to surpass Caleb Ewan's 11 Grand Tour stage wins and move second on the Australian all-time winners' list, joins compatriot Jay Vine in exiting the race prematurely due to crash-related injuries.The Opening Stage Crash That Changed the RaceGroves was among several riders injured in a mass crash occurring just 600 meters from the finish line as the race opened in Bulgaria on Friday. Despite appearing bloodied and limping immediately after the incident, his team Alpecin Premier-Tech initially reported that he seemed "OK." However, it later became clear that the 10-time Grand Tour stage winner was suffering from shoulder and neck bruising that proved more serious than initially assessed."I didn't ride yesterday. I hope after a complete day off the sensations have improved. I'll take it day by day and see how things are on the climb. I don't need to risk anything," Groves said before his withdrawal, indicating the severity of his condition despite his initial description of the injuries as "just a few superficial scrapes all over my body."Australian Cycling Suffers Double BlowThe withdrawal of Groves compounds a difficult start to the Giro for Australian cycling, following Jay Vine's earlier exit due to concussion and a broken elbow suffered in a crash on stage two. The two high-profile departures significantly reduce Australia's representation in the race's competitive aspects.In the absence of their big name duo Mathieu van der Poel and Jasper Philipsen, the Belgian team had anointed Groves, who was wearing No 1 in the race, as their main sprinter. With his exit, Francesco Busato will now lead Alpecin's sprinting efforts, though 25-year-old Australian Jensen Plowright may also receive opportunities after finishing 18th on stage three.Race Dynamics Shift as Sprinters ExitThe absence of key sprinters has altered the competitive landscape of the Giro. Ecuador's Jhonatan Narvaez capitalized on the changing dynamics to win stage four, providing a welcome boost for Vine's UAE Team Emirates XRG. Orluis Aular (Movistar) finished second, while Giulio Ciccone took third place and claimed the race leader's pink jersey.Two Australian general classification contenders remain in the race, with Red Bull-BORA hansgrohe's co-leader Jai Hindley and Jayco AlUla's Ben O'Connor both sitting handily 10 seconds behind new race leader Ciccone, alongside pre-race favorite Jonas Vingegaard (Visma Lease-A Bike).The Challenge Ahead: Mountain Stages AwaitWith sprinters exiting the race, attention now shifts to the climbers as the Giro prepares for its most demanding stages. Wednesday's fifth stage features nearly 4000m of climbing on the 203km route from Praia a Mare to Potenza, a profile that could significantly shake up the general classification standings.For Groves, the withdrawal represents a setback in his quest to add to his career tally of 10 Grand Tour stage victories. The Australian had just returned after a break of more than two months with knee trouble following a crash in the Omloop Het Nieuwsblad race at the start of March, making this latest injury particularly frustrating for the 27-year-old sprinter.

The Lead: A Budget That Begins to Pay Future GenerationsThe latest Australian federal budget, presented by Jim Chalmers, acknowledges that the nation is at a point in the economic cycle where a surplus should be possible. While it does not erase the existing debt, it marks a decisive step toward investing in reforms that benefit younger Australians and protect the country’s natural capital.Key Reform Packages Embedded in the 2026 BudgetThe budget goes beyond headline numbers to fund a suite of reforms aimed at long‑term productivity and environmental stewardship:Implementation funding for the sweeping amendments to the Environment Protection and Biodiversity Conservation (EPBC) Act passed in December.Investment in a national bioregional planning framework to guide development, renewable energy, mining and carbon‑farming projects.Dedicated resources for Environment Information Australia to improve the quality of biodiversity data.Establishment of a fully resourced, independent Environment Protection Agency with enforcement powers.Fiscal Context: Deficit, Debt and the Push for SurplusThe commentary notes that Australia is currently adding tens of billions of dollars each year to public debt. The budget’s ambition is to reverse this trend by:Targeting a surplus in the current economic cycle.Ensuring the tax system, overdue since the Rudd‑era review, supports stronger budget outcomes.Seeking a larger share of resource rents from foreign multinationals for the public purse.Environmental Impact: From EPBC Amendments to a Resourced EPABy allocating funds to close the implementation gap of the EPBC reforms, the budget aims to move environmental protection from a reactive afterthought to a proactive planning tool. Bioregional plans will map where development can proceed, where it cannot, and where restoration delivers the greatest return, providing certainty for industry and habitat connectivity for threatened species.Outlook: How the Reforms Could Shape Australia’s Next DecadeAccording to former Treasury secretary and climate advocate Ken Henry, the budget’s reforms are “the building blocks that can transform how we protect and restore the environment in the midst of massive economic change.” If the market for nature restoration takes off and the new EPA enforces standards effectively, future generations could inherit a continent with robust ecological foundations, supporting both biodiversity and a sustainable economy.