Lush to pass tariffs onto US shoppers as it sinks further into the red April 8, 2025 Lush has revealed plans to open a UK hotel as it detailed its response to President Donald Trump’s tariffs amid the ethical cosmetics retailer sinking further into the red. The Dorset-headquartered company has included scant detail in its annual accounts about its plans for a new hotel but did say it is working with a [...]
China vows to ‘fight to the end’ against latest Trump tariff threat April 8, 2025 Tensions between the world’s two largest economies have increased overnight as Beijing vowed to “fight to the end”, in response to a new wave of US tariffs. The statement followed a dramatic escalation by president Donald Trump, who threatened an additional 50 per cent tariff on Chinese goods, unless Beijing reverses its newly announced 34 [...]
How global market chaos took hold – from Asia, across Europe and into the US April 8, 2025 In what was nothing short of a horror show; global markets endured a volatile day of trading on Monday as Trump doubled down on his tariff agenda. The session began in the Asia-Pacific where, before the UK had even woken up, stock markets plummeted on a scale not seen in decades. In his ‘Liberation Day’ [...]
Trump tariffs hit big tech as stocks tumble for third session April 7, 2025 The US tech sector has been hit by newly imposed global tariffs from Donald Trump’s administration, as the president holds firm on his aggressive trade policies. The latest rounds of tariffs, which began with an initial unilateral 10 per cent tariff on a wide array of goods, sparked severe market reactions, especially among the so-called [...]
City broker downgrades Watches of Switzerland as US prices set to rise April 7, 2025 A City broker has downgraded its price target for Watches of Switzerland by a fifth, citing lower spending and higher prices as the retailer’s challenges. Peel Hunt downgraded the target price for the luxury watch firm from 500p to 400p. Shares in the retailer were trading at 335p as of midday on April 7, having [...]
Jaguar Land Rover eliminates £5bn debt pile but warns of ‘significant threat’ April 7, 2025 The boss of Jaguar Land Rover has revealed the luxury car maker has eliminated its net debt pile which totalled £5bn at its peak. Speaking alongside Sir Keir Starmer and Rachel Reeves during their visit to the Midlands, chief executive Adrian Mardell confirmed the milestone which has seen the manufacturer reduce its debt over a [...]
Musk turns on Trump amid tariff fallout April 7, 2025 Elon Musk, once one of Donald Trump’s most high profile allies, is now publicly breaking ranks with the President over a new wave of tariffs. Once lauded by Trump as a “patriot”, and trusted with a role in streamlining the federal government, Musk is now casting doubt on the administration’s economic direction, openly challenging the [...]
HSBC and Standard Chartered shares sink as ‘outsized’ Asian tariffs bite April 7, 2025 Shares in banking giants HSBC and Standard Chartered have taken a significant hit as the global trade war ramps up. HSBC was down nearly three per cent in early trading on Monday. The lender’s losses in the last five days have now topped 15 per cent. Meanwhile, Standard Chartered plunged nearly four per cent, with [...]
Jaguar Land Rover: Donald Trump’s tariffs threaten US growth April 7, 2025 The scale of the impact of Donald Trump’s tariffs facing Jaguar Land Rover has been revealed as the luxury car maker outlined how many vehicles it exported to the US in the first three months of 2025. The Coventry-headquartered automotive giant saw wholesale volumes in its fourth quarter rise by 14.4 per cent in North [...]
UK government unveils changes to electric vehicle rules April 7, 2025 Prime Minister Keir Starmer has launched new reforms to bolster Britain’s automotive industry and accelerate the transition to electric vehicles (EVs). This move reaffirms the 2030 phase-out date for new petrol and diesel car sales, while offering carmakers more flexibility to meet ambitious green targets. The changes come in response to US President Donald Trump’s [...]