Gold market turmoil as tariffs and Fed governor drive prices higher August 8, 2025 The gold market was plunged into turmoil on Friday after Donald Trump unveiled a dovish new Federal Reserve governor and slew of new tariffs including hefty duties on kilo gold bars from Switzerland. The precious metal rose more than one per cent through across Wednesday and Thursday – taking the spot price above $3,400 per [...]
Stellantis: Vauxhall owner warns of £1.3bn tariff hit after EU-US deal July 29, 2025 Stellantis will have to shoulder a €1.5bn (£1.3bn) hit from President Donald Trump’s swingeing tariffs on cars this year despite the trade deal struck between the European Union and United States earlier this week. The automaker, whose stable of marques includes Vauxhall and Fiat, confirmed in a half-year update that it had already incurred levies [...]
Is Brexit Britain a winner of the EU and US trade tie-up? July 28, 2025 Brexit Britain is set to have curbed another President Donald Trump trade offensive after the US and EU inked a deal which economists dubbed a White House win and European retreat. The deal, announced late Sunday night, will see the original US-imposed tariffs of 30 per cent on the EU slashed to 15 per cent. [...]
European markets rally as Trump and EU ink trade deal July 28, 2025 Markets across Europe opened in the green on Monday morning after President Donald Trump sealed a trade deal with the EU after months of discussion. The Cac 40 in Paris was up over one per cent and Germany’s DAX and Amsterdam’s AEX nearly one per cent. In London, the FTSE 100 jumped over 0.4 per [...]
Trump secures ‘big win’ in EU trade deal after Brussels retreats July 28, 2025 President Donald Trump has achieved a “big win” after inking a trade agreement with the European Union following a months-long standoff between two of the world’s largest economic titans. The US President met with European Commission President Ursula von der Leyen in Scotland to continue trade discussions as part of his four-day private visit to [...]
Rolls-Royce banking on bespoke cars to attract super-rich July 23, 2025 Wealthy buyers seeking to personalise their new Rolls-Royce helped boost the luxury car brand’s profit in 2024 despite falling sales. The Hampshire-based business, which is owned by BMW, said its bespoke service reached a record level last year with a 10 per cent increase on average per car year-on-year. Rolls-Royce Motor Cars added the rise [...]
Robert Walters: Recruiter’s income slumps as tariff pressures bite July 15, 2025 Recruiter Robert Walters took a hit to income in the second quarter of 2025 as economic pressures weighed on hiring. The group recorded a 13 per cent slump in net fee income to £72.7m as “macroeconomic uncertainty became more pronounced”. Fee income from specialist professional recruitment fell 14 per cent to £60.7m. Meanwhile, recruitment outsourcing [...]
Buy UK: City stocks set for boost from Trump’s trade war with EU July 14, 2025 As the chaos around President Donald Trump’s erratic tariff agenda shows no sign of abating, brokers have thrown their weight behind UK stocks. Just this weekend, Trump threatened escalations with Mexico and the EU before slapping a 30 per cent levy on the 27-state bloc from August 1. But among the geopolitical noise, the UK [...]
Trump’s renewed Fed attacks help pound climb to three-year high June 26, 2025 The pound has stormed to its highest level against the dollar in over three years after President Donald Trump launched a new tirade of attacks on the Federal Reserve. Sterling rose over 0.6 per cent to near $1.3725 as Trump indicated he was lining up successors for the Fed’s chair Jerome Powell, despite Powell’s term [...]
Financial services firms expected to dump green finance and DEI June 18, 2025 The financial services industry is taking a dramatic step back from green finance and diversity policies. Over half of UK senior financial professionals believe their leadership will place less focus on environmental, social and governance (ESG) policies in the coming years. Meanwhile, a similar proportion, 54 per cent, believe diversity, equality and inclusion commitments will [...]