FTSE 100 close: ‘Trouble ahead’ as markets brace for Trump’s ‘Liberation Day’ April 2, 2025 The FTSE 100 joined European markets back in the red on Wednesday, as investors braced for Trump’s forthcoming tariff announcement. The UK’s flagship index closed at 8,608.48p, marking a 0.3 per cent dip. Rolls-Royce lost over three per cent, making it the index’s top faller. Vodafone and GSK also saw losses of around 2.5 per [...]
Investment industry shuns US stocks amid Trump tariff threat April 2, 2025 Investors are finally pulling back from US stocks amid uncertainty over president Donald Trump’s looming tariffs and potential for better gains in Europe and the UK. A survey of investment management CIOs from Asset Risk Consultants (ARC) found that a third of wealth managers slashed exposure to the US throughout the last quarter. Sentiment among [...]
LIVE: Investors brace for Trump’s ‘liberation day’ April 2, 2025 The world is bracing for Trump’s ‘Liberation day,’ with the President set to impose a fresh batch of tariffs on nations across the globe this evening. Trump will speak from the White House Rose Garden at 16:00 (21:00 BST) to unveil his new set of levies. The President’s Press Secretary Karoline Leavitt said the tariffs [...]
US tariffs: UK being ‘supine’ and should ‘retaliate’, Lord Rose urges government April 2, 2025 The UK has been “supine” to US President Donald Trump and should be “firm” and “find some way to retaliate”, Lord Rose has said. The businessman and former boss of M&S and Asda told Times Radio the government has been “supine” to President Trump and should be “firm” in threatening retaliatory tariffs. He said it’s [...]
Why the Trump tariffs have left the UK scrambling… April 2, 2025 Nature abhors a vacuum, or so they, or potentially Aristotle, once said. During weeks like this, it feels more accurate to say it’s the news which is doing the abhorring. Speculation has been, understandably, rampant as to the nature, variety, and impact of the tariffs the US President Donald Trump is expected to introduce on [...]
FTSE 100 close: Rolls Royce leads rebound as US markets bounce back ahead of new tariffs April 1, 2025 European and US markets welcomed calmer waters on Tuesday after swimming in a sea of red on Monday. The FTSE 100 sharply rose in early trading before consolidating gains. The index closed up 0.6 per cent, led by Rolls Royce, which surged over four per cent and over 2.5 per cent rise in insurance provider [...]
US tariffs set to damage UK economy, Reeves tells cabinet ministers April 1, 2025 Donald Trump’s tariffs are expected to “have an impact” on the UK’s economy, Chancellor Rachel Reeves has told cabinet ministers, after business secretary Jonathan Reynolds warned the country faces “a very serious and significant moment”. The US President is set to unveil sweeping – but as yet unknown – tariffs on goods from around the [...]
Trump’s ‘Liberation Day’ could wipe out Rachel Reeves’ fiscal headroom April 1, 2025 A mere week after Rachel Reeves told the Commons she had restored her fiscal headroom, Trump’s planned ‘Liberation Day’ tariff deluge could send a wrecking ball through the Chancellor’s buffer. Wall Street giant Goldman Sachs has downgraded Britain’s economic growth outlook ahead of the President launching a fresh set of tariffs that could smash Reeves’ [...]
US tariffs: Businesses don’t want ‘knee jerk’ response, Starmer insists April 1, 2025 Sir Keir Starmer has insisted UK businesses want a “calm and collected response” to Donald Trump’s tariffs, “not a knee-jerk” reaction. The Prime Minister sought to offer calm, as he suggested the UK could retaliate with tariffs on US goods in return, but insisted that “nobody wants a trade war”. Speaking to Sky News, Starmer [...]
FTSE close: Trump triggers global market sell-off ahead of ‘Liberation Day’ March 31, 2025 Investors across the globe braced for Trump’s ‘Liberation Day’ on April 2 as they hastily retreated from stock markets. Trump will unveil a new set of tariffs on Wednesday, including a 25 per cent levy slapped on all automotive imports in the US, which has already been confirmed. The tariffs, which the President said are [...]