Meta launches ChatGPT rival app ahead of key earnings April 29, 2025 Meta platforms debuted its standalone AI app on Tuesday, marking its most direct move yet against OpenAI’s ChatGPT – and doing so just 24 hours ahead of its first earnings report of the year. The app, built on Meta’s llama models, features on AI assistant, image generation, and a ‘discover’ feed to showcase user prompts, [...]
Porsche: Trump tariffs and China troubles to slash sales and profit April 29, 2025 Porsche has cut its forecasts for 2025 amid fears over the impact of President Donald Trump’s tariffs on the global car industry. The luxury sports car maker expects to report a profit margin of between 6.5 to 8.5 per cent this year, down from prior guidance of 10 to 12 per cent. Revenue is also [...]
US tariffs threaten to derail UK economic growth, EY warns April 28, 2025 UK economic growth could slow sharply over the next two years as US tariffs weigh heavy on spending and investment, and uncertainty washes over households and businesses, new forecasts show. Recovery from a period of stagnant growth will be directly hampered by US President Donald Trump’s plans, EY Item Club said in a new report. [...]
Rolls-Royce’s FTSE 100 shares near complete recovery after tariffs shock April 25, 2025 Shares in FTSE 100 giant Rolls-Royce have surged to their highest value since US President Donald Trump shocked global markets with his trade tariffs. The Derby-headquartered group has seen a spike in its share price of almost two per cent in early trading on Friday morning, continuing a recovery which started on 7 April. The [...]
Nokia faces global tariff turbulence, but UK arm holds firm April 24, 2025 Nokia is bracing for disruption from renewed US trade tensions, with its new chief executive signalling a possible expansion of American manufacturing to soften the blow of potential tariffs. But while the Finnish firm’s global profits have taken a hit, its UK business has quietly bucked the trend – posting steady growth and highlighting the [...]
‘Code red’ for Tesla as Musk’s firm stalls ahead of key earnings April 22, 2025 Tesla shares sank nearly six per cent on Easter Monday, leaving investors braced for what analysts have called a “code red” moment for Elon Musk’s firm ahead of its first quarter earnings announcement. The electric vehicle (EV) giant is facing mounting concerns over failing sales, geopolitical headwinds and evolving criticism of Musk’s political involvement, which [...]
Rolls-Royce: FTSE 100 giant worth £60bn after shares rebound April 22, 2025 Rolls-Royce is worth £60bn again after shares in the FTSE 100 giant continued their recovery after President Donald Trump’s tariffs shocked global markets. Shares in the Derby-headquartered group have now risen to more than 700p, giving it a market capitalisation of more than £60.5bn. Rolls-Royce’s shares had been trading at more than 800p before Trump’s [...]
DHL suspends large US deliveries as tariffs bite April 21, 2025 Parcel delivery firm DHL has temporarily suspended large shipments to the United States as it grapples with new regulations for trade. From April 21, all shipments worth more than $800 (£603) will be temporarily halted. US Customs and Border Protection introduced stricter controls on goods worth more than $800 on April 5, with more stringent [...]