Business news today paints a picture of pressure, repositioning and resource bets. In Britain, the economy slipped 0.1% in April, its first monthly contraction in months, as the Iran conflict fed through into higher energy bills, weaker spending and broader caution after a stronger March. In Australia, the resource sector is driving much of the action: Woodside is paying about $320 million to increase its stake in the huge Browse gas project, using pre-emptive rights to block Inpex, while BHP faces a potentially costly labor showdown at Port Hedland, where unions say the miner is deploying strikebreaking tactics and a stoppage could cost roughly $120 million a day. Meanwhile, Flutter’s decision to quit the London Stock Exchange and focus on New York adds to concerns about the UK market’s waning appeal, even as speculative enthusiasm persists around eye-catching ASX drilling results.