Trump’s renewed Fed attacks help pound climb to three-year high June 26, 2025 The pound has stormed to its highest level against the dollar in over three years after President Donald Trump launched a new tirade of attacks on the Federal Reserve. Sterling rose over 0.6 per cent to near $1.3725 as Trump indicated he was lining up successors for the Fed’s chair Jerome Powell, despite Powell’s term [...]
Babcock shares soar as FTSE 100 giant hails ‘new era’ for defence June 25, 2025 Engineering giant Babcock posted a jump in profit for the latest financial year as the firm’s boss hailed a “new era for defence”. The FTSE 100 company – which plays a significant role in supporting the UK’s nuclear submarine program – recorded an 11 per cent increase in revenue to £4.8bn. Meanwhile, operating profit surged [...]
US does not seek war, says Pentagon after bombing Iran’s nuclear sites June 22, 2025 America “does not seek war” with Iran, the Pentagon has said in the aftermath of a surprise US attack on three of Tehran’s key nuclear sites. The mission, called Operation Midnight Hammer, involved decoys and deception, and met with no Iranian resistance, Secretary of Defence Pete Hegseth and US Air Force General Dan Caine, chairman [...]
Shell and BP: FTSE 100 giants get analyst backing after oil surge June 18, 2025 FTSE 100 oil heavyweights are back in analysts favour after oil prices surged from the intensifying Middle Eastern conflict. BP and Shell shares have jumped around three per cent in the last week and climbed further as President Donald Trump weighed in on the attacks in Israel and Iran. Russ Mould, investment director at AJ [...]
Financial services firms expected to dump green finance and DEI June 18, 2025 The financial services industry is taking a dramatic step back from green finance and diversity policies. Over half of UK senior financial professionals believe their leadership will place less focus on environmental, social and governance (ESG) policies in the coming years. Meanwhile, a similar proportion, 54 per cent, believe diversity, equality and inclusion commitments will [...]
Dollar weakens as ‘confidence in US assets continues to erode’ June 17, 2025 The US dollar’s traditional safe-haven status has continued to take a bruising, as investors shun the currency amid rising global tensions. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – has tumbled to around 98, compared to nearly 110 at the beginning of the year, as the currency [...]
Peel Hunt: UK stock market held back by ‘lack of self esteem’ June 16, 2025 The boss of City broker Peel Hunt has said London markets are being held back by a “domestic lack of self esteem”. Steven Fine, Peel Hunt’s chief executive, told City AM the UK believes it is in “a lot worse shape than the rest of the world does,” which has led to a cheapening of [...]
FTSE 100 seals record high after shaking off investor nerves June 12, 2025 The FTSE 100 finally sealed a new record closing high on Thursday after falling a whisker short the previous two trading sessions. The UK’s flagship index rose 0.2 per cent to – besting March’s record of 8,871.31. The index also beat its previous intraday high after hitting 8,892.36 in afternoon trading. Endeavour mining topped the [...]
Pinewood gets Netflix, Disney and Amazon boost amid Trump’s tariffs threat June 12, 2025 Deals with Netflix, Disney and Amazon have given iconic film studio group Pinewood a significant financial boost ahead of US President Donald Trump’s threatened tariffs. For the 12 months to 31 March, 2025, Pinewood Group has reported a turnover of £213.1m, up from the £146.4m it achieved in the prior year. Pinewood pointed to long [...]
Radley London to raise prices to combat Trump’s tariffs June 2, 2025 Luxury handbags brand Radley London has warned it will increase its prices in the US amid the ongoing uncertainty surrounding US President Donald Trump’s tariffs. The business, which designs and manufactures luxury handbags, purses and other women’s accessories, said the tariffs the US government has placed on goods being imported from India could hit its bottom [...]