Dollar weakens as ‘confidence in US assets continues to erode’ Economics The US dollar’s traditional safe-haven status has continued to take a bruising, as investors shun the currency amid rising global tensions. The dollar index (DXY) – which tracks the dollar’s value against a basket of currencies – has tumbled to around 98, compared to nearly 110 at the beginning of the year, as the currency [...]
Pinewood gets Netflix, Disney and Amazon boost amid Trump’s tariffs threat Business Deals with Netflix, Disney and Amazon have given iconic film studio group Pinewood a significant financial boost ahead of US President Donald Trump’s threatened tariffs. For the 12 months to 31 March, 2025, Pinewood Group has reported a turnover of £213.1m, up from the £146.4m it achieved in the prior year. Pinewood pointed to long [...]
Radley London to raise prices to combat Trump’s tariffs Retail Luxury handbags brand Radley London has warned it will increase its prices in the US amid the ongoing uncertainty surrounding US President Donald Trump’s tariffs. The business, which designs and manufactures luxury handbags, purses and other women’s accessories, said the tariffs the US government has placed on goods being imported from India could hit its bottom [...]
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 [...]
Barclays and HSBC shares jump after Trump’s legal blow May 29, 2025 Shares in FTSE 100 banking giants rallied on Thursday after President Donald Trump’s tariff agenda was dealt a blow from the courts. Barclays and HSBC climbed over one per cent to 328.05p and 874.50p, while Standard Chartered jumped nearly two per cent to 1,158.00p. This came as the US Court of International Trade declared Trump’s [...]
Global markets hold breath as Trump draws out EU trade talks May 26, 2025 Donald Trump has global investor sentiment hanging on his every word once again, as European markets rallied on Monday after the President retreated on his latest tariff tirade against the European Union. Trump agreed to extend his trade talks deadline with the EU by over a month, which comes after he threatened to slap a [...]
BYD: Chinese EV stocks tumble despite spike in UK demand May 26, 2025 Shares in Chinese electric vehicle (EV) makers slumped on Monday despite surging interest from UK buyers, as industry titan BY introduced a round of new price cuts in an already bruising market battle. Hong-Kong listed BYD dropped as much as 8.25 per cent from a record high set last week, after an announcement over the [...]
Impax’s takings slump after global retreat on sustainability May 22, 2025 Impax Asset Management recorded a slump in revenue in the first half of the year as a global retreat on green policies turned clients away from its sustainability offering. The firm cited a “challenging first half of financial year” with assets under management falling to £25.3bn. This was down from £37.2bn at the end of [...]
Rolls-Royce: FTSE 100 shares fully recover after Trump tariffs shock May 6, 2025 Shares in Rolls-Royce have completely recovered from the tailspin President Donald Trump sent global markets into when he announced a raft of tariffs at the start of April. The FTSE 100 giant suffered a huge slump in its share price following the US president’s so-called “liberation Day’ on 2 April. The announced tariffs saw shares [...]
Meta surges on bold AI spend – but tariff risks loom May 1, 2025 Meta platforms delivered strong first quarter earnings after market close on Wednesday, with revenue and profit surpassing Wall Street expectations thanks to continued growth in advertising and an aggressive push into AI. But the firm’s exposure to global trade tensions and regulatory headwinds in its European market present a complicated picture for investors evaluating the [...]