Starmer says UK government must ‘rise to the moment’ on tariffs April 10, 2025 The UK government needs to “rise to the moment”, Sir Keir Starmer said, adding that he would not “pretend” US President Donald Trump’s tariffs are “good news”. Speaking this morning after Trump announced a 90-day pause in his sweeping global tariffs, while raising his tax rate on Chinese imports to 125 per cent, the Prime [...]
Barclays shares explode higher as FTSE 100 rebounds April 10, 2025 Shares in FTSE 100 giant Barclays rocketed in early trading after Trump rolled back his ‘Liberation Day’ levies. The bank’s stock shot up over 20 per cent as markets opened, before falling back to a 15 per cent gain. The firm topped the blue-chip index’s risers. The gains helped reverse the lender’s losses in the [...]
Tesco: Supermarket giant’s profit beats City expectations but ‘trolley wars’ hit outlook April 10, 2025 Supermarket giant Tesco has beaten profit expectations as it continues to speed ahead in the competitive UK grocery market, but it warned that high competition will affect profit next year. Tesco shares slumped more than seven per cent in early deals. The UK’s biggest supermarket told markets this morning that group adjusted operating profit rose [...]
FTSE 100 roars back after Trump pauses tariffs April 10, 2025 The FTSE 100 soared as markets opened this morning after President Donald Trump‘s tariff climb down on Wednesday. London’s blue-chip index gained over six per cent – an increase of nearly 500 points. The FTSE 250 climbed over four per cent. Of the risers, Barclays rocketed over 20 per cent and Melrose 16 per cent. [...]
US tariffs: Reeves stresses ‘imperative’ to improve UK-EU trading relations April 9, 2025 Rachel Reeves has stressed it is “imperative” for the UK to improve its trading relationship with the European Union (EU), amid US President Donald Trump’s global trade tariff war. The Chancellor’s comments emerged in an interview with the Financial Times (FT) ahead of a crucial summit with EU leaders in London next month. Reeves told [...]
City broker downgrades outlook for luxury stocks LVMH, Burberry and Richemont April 9, 2025 City broker Deutsche Bank has downgraded the target share price for a host of luxury companies as the impact of Trump’s tariffs starts to filter through analyst forecasts. The broker rated Richemont, LVMH, Moncler and Kering a ‘Hold’, downgrading the share price for each company. “The direct impact of the tariffs is not a huge [...]
JD Sports boss warns of price rises as shoe makers resist Trump’s tariffs April 9, 2025 The chairman of FTSE 100 giant JD Sports has said prices will rise if President Donald Trump’s tariffs stay at their current levels. Speaking on the Today programme, chairman Andrew Higginson, who also chairs the British Retail Consortium (BRC), added that it’s unlikely shoe production will shift to the US and lambasted the uncertainty caused [...]
Saga: Cruise demand drives double-digit profit increase April 9, 2025 Saga, the financial services and travel provider for over-50s, has reported profit ahead of market expectations, driven by demand for cruises. The company told markets this morning that underlying profit before tax for the year ended January 31 was £47.8m, up 25 per cent year on year. Revenue for the year was £588.3m, up four [...]
S&P 500 and Dow Jones bounce back as FTSE 100 makes further gains April 8, 2025 Global markets were in recovery on Tuesday, as the S&P 500 and Dow Jones jumped on open and the FTSE 100 scraped further gains in the afternoon. The Dow rebounded 1,300 points – a more than three per cent surge. The S&P 500 and the tech-heavy Nasdaq were each up over three per cent, while [...]
FTSE 100 stages tentative recovery after sweeping losses April 8, 2025 The UK’s blue-chip FTSE 100 opened 1.5 per cent higher this morning, recovering some of the losses recorded over the past three trading days amid the fallout of US president Donald Trump’s sweeping tariffs. Yesterday, the FTSE 100 slumped more than four per cent as global stock markets digested the effects of a potential global [...]