BAE Systems, Qinetiq, Babcock among sliding defence stocks as Trump tariffs bite April 7, 2025 President Trump’s sweeping package of global tariffs has sparked a sharp decline in defence sector stocks, as markets react to the shockwaves from his decision to impose a 10 per cent levy on British exports – among other measures. The move has raised concerns on increased costs and the potential for a scarcity mindset that [...]
Billionaire investor Bill Ackman warns of ‘economic nuclear winter’ from Trump tariffs April 7, 2025 Hedge fund manager Bill Ackman has issued a stark warning to the US President, urging him to pause the sweeping package of tariffs revealed last week on his so-called ‘Liberation Day’. In a post on X, Ackman declared: “The President has an opportunity on Monday to call a time out and have the time to [...]
Number 10 slaps down David Lammy ‘protectionism’ comments as tariff shockwaves continue April 4, 2025 Downing Street has distanced itself from comments made by the foreign secretary, who told reporters on Friday that he regrets “the return of protectionism in the United States.” David Lammy said that Britain is “a nation that believes in open trade” and that these curbs on trade are “something we’ve not seen for nearly a [...]
FTSE 100 sinks as S&P 500 and Dow Jones plummet on open April 4, 2025 The pain continued for global markets on Friday, as the S&P 500 and Dow Jones joined the FTSE 100 in the red. The FTSE 100’s downturn deepened following China’s announcement of 34 per cent retaliatory tariffs against the US. The index closed at 8,063.12, making a 4.9 per cent loss. This marked the FTSE 100’s [...]
Rolls-Royce: FTSE 100 giant sees shares crash as global trade war revs up April 4, 2025 Shares in FTSE giant Rolls-Royce sank as much as 10 per cent on Friday after fears of a global trade war exploded. Global markets tumbled after China announced a 34 per cent retaliatory tariff against the US. Rolls-Royce, which is a prominent exporter of aircraft and marine engines and power systems, saw its stock price [...]
S&P 500 and Dow Jones plunge as banks drive FTSE 100 slump April 3, 2025 The S&P 500 and Dow Jones joined the FTSE 100 in the red as US markets opened following Trump’s tariff onslaught. The S&P plummeted over three per cent in early trading, whilst the Dow slid nearly three per cent marking a loss of 1,200 points. The tech-heavy Nasdaq Exchange, which includes Tesla and Apple, slumped [...]
FTSE 100 close: ‘Trouble ahead’ as markets brace for Trump’s ‘Liberation Day’ April 2, 2025 The FTSE 100 joined European markets back in the red on Wednesday, as investors braced for Trump’s forthcoming tariff announcement. The UK’s flagship index closed at 8,608.48p, marking a 0.3 per cent dip. Rolls-Royce lost over three per cent, making it the index’s top faller. Vodafone and GSK also saw losses of around 2.5 per [...]
UK Finance: Government must ‘unify’ market strategy March 31, 2025 The relationship British businesses have with public exchanges such as the London Stock Exchange and private markets has transformed and requires a new strategy, a fresh report from UK Finance has said. The financial services company, which serves as an industry body for banking, found a dwindling importance of public listings with firms staying private [...]
Pound sterling rises to highest level this year as markets digest ‘mind-blowing’ tariff plans February 14, 2025 Sterling was trading at $1.26 on Friday afternoon, up 0.3 per cent on the day and its highest level so far in 2025.
Rich people’s problems: Confidence in economy hits record low among wealthy Brits February 13, 2025 Confidence in the economy among high net worth Brits has tanked since the election of a Labour government last summer, according to data from the Saltus Wealth Index. The study, which questioned 2,000 people in the UK with assets of £250,000 or more, revealed just under half – 48 per cent – of these so-called [...]