Trump says he will double tariffs on foreign steel to 50 per cent May 31, 2025 President Donald Trump said that he is doubling the tariff rate on steel to 50 per cent, a dramatic increase that could further push up prices for a metal used to make housing, cars and other goods. Trump spoke at US Steel’s Mon Valley Works–Irvin Plant in West Mifflin, Pennsylvania, to discuss investments by Japan’s [...]
Trump tariffs: Legal twist as court rules in favour of trade levies May 30, 2025 President Trump can legally keep his tariffs in place for the moment, a federal appeals court has ruled – just a day after his trade policies were “declared to be invalid” by a US court. The fresh ruling comes just over a day after the lesser known US Court of International Trade found that tariffs [...]
UK business confidence bounces back from Trump’s tariff blow May 30, 2025 UK business confidence rallied in May as global financial markets made their recovery from President Donald Trump’s tariff onslaught. Lloyds Bank business barometer jumped 11 points over the last month to 50 per cent. – marking a nine month high. The lender surveys 1,200 companies and weighs up the percentage of firms that have a [...]
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 [...]
Premier Miton: Asset manager faces tariff strain May 29, 2025 AIM-listed fund manager Premier Miton recorded a drop in its assets for the first half of the financial year, citing “investor caution, particularly toward UK and European equity strategies”. The firm’s assets under management dropped to £10.2bn, compared to £10.7bn in September 2024. Net outflows jumped to £254m, a sharp increase from £46m for the same [...]
FTSE 100 nears record high but Trump threat lingers May 27, 2025 The FTSE 100’s latest rally has put it inches away from sealing an all-time high but another tariff twist from the White House threatens the record. The UK’s flagship index was up one per cent to around 8,800p during midday trading on Tuesday as it reversed Friday’s losses made after Trump threatened the European Union [...]
IAG shares jump as tailwinds build for British Airways owner May 27, 2025 IAG shares rose further on Tuesday as investors piled into the owner of British Airways amid growing tailwinds for the airline group. The shares seemed to benefit after US President Donald Trump backtracked on plans to impose a 50 per cent tariff on the EU in early June. Trump announced over the weekend he had [...]
Company bosses hit pause on growth plans after tariff shock May 27, 2025 Top UK business leaders have sounded the alarm on geopolitical tensions, warning that trade uncertainties are threatening their growth prospects. Nearly half of UK chief executives admitted to being “very or extremely concerned” about the impact of tariffs on their company’s operations and sales in the upcoming year. Concerns have led to company chiefs slamming [...]
European stock markets fall sharply on Trump’s EU tariff salvo May 23, 2025 Stock markets across Europe dropped dramatically on Friday afternoon after Donald Trump announced plans to levy a 50 per cent tariff on all US imports from the European Union next month. The FTSE 100 dropped as much as 1.35 per cent after the US President mooted the move in a post on Truth social in [...]
AJ Bell shares surge as investors give £3.3bn boost May 23, 2025 Shares in AJ Bell have leapt ten per cent after the London-listed firm posted a strong half year performance. The Salford-headquartered group’s assets under administration (AUA) have hit a new peak of £90.4bn, buoyed by investors injecting £3.3bn and the firm benefiting from £600m of favourable market movements. Revenue was up 17 per cent to [...]