Come back non-doms, all is forgiven April 10, 2025 I write this sitting in the morning sunshine in a cafe in central Milan, where I’m one day into my new life as a beneficiary of their special tax regime for high net worth individuals, meaning that in exchange for a mere €200,000 a year I can protect my overseas sources of wealth and income [...]
The Capitalist: City of London terrorised by ducks April 10, 2025 Market shenanigans, Jamie Dimon's good manners guide and the Square Mile's aggressive ducks; catch up on City drama in The Capitalist.
How to make Britain great again April 10, 2025 Rejoin the customs union, poach American academics and unashamedly champion democracy – here’s how Lewis Liu would respond to Trump’s trade war… Fortunes are made in the rise and fall of empires, and it is in this particular moment – as we sadly see the great American empire shaken – that a once-in-a-century opportunity emerges [...]
HSBC and Barclays shares sink as trouble looms for FTSE 100 banks April 9, 2025 The FTSE 100’s ‘Big Five’ banks were swallowed up by the red on Wednesday as the global trade war ramped up. China increased its tariff on US goods to 84 per cent – a move which followed President Donald Trump’s 50 per cent levy coming into effect today, which took China’s total import tax to [...]
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 [...]
FTSE 100 live: Market turmoil intensifies as China retaliates April 9, 2025 The UK's blue-chip FTSE 100 slumped more than four per cent today as the global stock market rout that began at the end of last week continued.
US bond market on the verge of ‘meltdown’ as Treasury yields spike April 9, 2025 US government bonds have entered a “meltdown” as long-yield Treasuries briefly reached over five per cent last night amid market panic over Donald Trump’s tariffs. US 30-year Treasury yields spiked briefly above five per cent last night, before settling at 4.9 per cent, up from 4.45 per cent before Trump unveiled his tariffs. The last [...]
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 [...]
Will Trump tariffs end up helping Next, M&S and Dunelm? April 8, 2025 UK heavyweights who aren’t exposed to the US market, like Next and M&S, may end up seeing some silver linings from Trump’s tariffs, according to analysts. Only a few UK retailers – namely JD Sports, Doc Martens and Burberry – sell to the states and produce in eastern Asia. Berenberg analysts said that positives from [...]