Pound edges closer to multi-year high against dollar amid erratic US tax policy June 2, 2025 The pound has edged closer to a multi-year high against the dollar as investors doubled down on predictions that the greenback would continue to weaken into the second half of the year. Sterling was up around 0.6 per cent against the dollar by Monday evening to $1.3523, a rise of more than 8 per cent [...]
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 [...]
Sport teams safe bets as valuations buck Trump tariff slump May 30, 2025 Valuations of sports clubs have survived “recent market volatility stemming from President Donald Trump’s tariffs”, top analysts have said amid market turmoil as a result of decisions made in the White House. Sports clubs have seen their valuations remain stable, and in some cases rise, despite huge hits elsewhere, including the manufacturing industry – due [...]
Trump tariff policy in tatters after being ‘declared invalid’ by US court May 29, 2025 Donald Trump’s sweeping global tariff plans have been thrown into doubt after a court said the US President’s executive orders under which they were introduced were “declared to be invalid as contrary to law.” The US Court of International Trade found that the president lacked the authority to use emergency economic powers legislation when he [...]
EU firms should move plants to UK to avoid tariff ‘flare ups’ May 27, 2025 European companies should urgently ramp up manufacturing capacity in Britain to avoid the worst effects of Donald Trump’s tariff regime, a top accountancy firm has said. According to Alex Altmann, head of the German desk at Lubbock Fine, the 10 per cent US import tariff agreed as part of newly inked UK-US trade pact has [...]
Keir Starmer strikes ‘historic’ deal with US in bid to swerve tariffs May 8, 2025 Keir Starmer has unveiled a new deal between the US and the UK, making Britain America’s first major trading partner to partially swerve the looming threat of tariffs. US president Donald Trump last month unveiled sweeping tariffs on major economies across the world, including a 10 per cent tariff on goods imports from the UK [...]
US tariffs threaten to derail UK economic growth, EY warns April 28, 2025 UK economic growth could slow sharply over the next two years as US tariffs weigh heavy on spending and investment, and uncertainty washes over households and businesses, new forecasts show. Recovery from a period of stagnant growth will be directly hampered by US President Donald Trump’s plans, EY Item Club said in a new report. [...]
Rolls-Royce’s FTSE 100 shares near complete recovery after tariffs shock April 25, 2025 Shares in FTSE 100 giant Rolls-Royce have surged to their highest value since US President Donald Trump shocked global markets with his trade tariffs. The Derby-headquartered group has seen a spike in its share price of almost two per cent in early trading on Friday morning, continuing a recovery which started on 7 April. The [...]
Rolls-Royce: FTSE 100 giant worth £60bn after shares rebound April 22, 2025 Rolls-Royce is worth £60bn again after shares in the FTSE 100 giant continued their recovery after President Donald Trump’s tariffs shocked global markets. Shares in the Derby-headquartered group have now risen to more than 700p, giving it a market capitalisation of more than £60.5bn. Rolls-Royce’s shares had been trading at more than 800p before Trump’s [...]
Finance bosses predict sharpest hiring drop since 2020 after tariff uncertainty April 14, 2025 Finance bosses expect the sharpest decline in corporate hiring since the third quarter of 2020 as geopolitical risks escalate. A fresh report from Deloitte has showed signs of a waning job market with wage growth expect to slow from 3.6 per cent to three per cent. A net 14 per cent of chief financial officers [...]