Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025 Shipping giant Maersk has raised its profit guidance today, as Middle East tensions lift its earnings. Maersk told shareholders that earnings in the first quarter of this year had shown “a strong recovery” compared to the fourth quarter of 2023. This was due to a good performance at its terminals business, plus higher demand and the “prolonged Red Sea crisis”.