FTSE 100 plunges as global trade war ramps up April 4, 2025 The FTSE 100 nosedived today after China announced a 34 per cent retaliatory tariff against the US. Trump’s ‘Liberation Day’ assault has continued to linger over markets, with the UK’s flagship index closing on a 4.9 per cent loss at 8,063.12. This was the FTSE 100’s biggest loss since the beginning of the pandemic on [...]
Apple takes the hit as tariff shocks wipe $1 trillion off big tech April 4, 2025 Apple led a dramatic selloff in tech stocks on Thursday after president Donald Trump’s sweeping new tariffs sparked panic across Wall Street, sending the Nasdaq to its worst day in years and wiping $1 tillion off the so-called Magnificent Seven. Apple shares plunged 8.3 per cent – their steepest single day drop since the pandemic-era [...]
Rolls-Royce: FTSE 100 giant sees shares crash as global trade war revs up April 4, 2025 Shares in FTSE giant Rolls-Royce sank as much as 10 per cent on Friday after fears of a global trade war exploded. Global markets tumbled after China announced a 34 per cent retaliatory tariff against the US. Rolls-Royce, which is a prominent exporter of aircraft and marine engines and power systems, saw its stock price [...]
China imposes 34 per cent reciprocal tariffs on US goods April 4, 2025 China has announced it will impose reciprocal tariffs on US good after US President Donald Trump unveiled huge customs taxes yesterday, 2 April. The reciprocal tariff on US goods will be 34 per cent, the Ministry of Commerce said on Friday. As of 2 April, America has a 54 per cent tariff on Chinese goods [...]
HSBC, Natwest and Barclays shares plunge as FTSE 100 downturn deepens April 4, 2025 The FTSE 100’s ‘Big Five’ banks were back in the red on Friday as tariff woes intensified. Shares in Natwest and Barclays slumped nearly ten per cent after China announced retaliatory tariffs against the US, making them the index’s top fallers. HSBC lost over eight per cent. Lloyds and Standard Chartered were not far behind [...]
Nissan: Qashqai maker in the red despite sales accelerating by over £2bn April 4, 2025 The UK arm of Japanese carmaking giant Nissan fell into the red despite its sales surging by more than £2bn, it has been revealed. Based out of its Sunderland factory, Nissan’s UK arm has reported a pre-tax loss of £67.2m for the 12 months to 31 March, 2024, new accounts filed with Companies House show. [...]
Trump’s tariffs set to drive UK insurance coverage costs up April 4, 2025 After the US slapped several of the world's largest economies with tariffs, the insurance market in the UK prepares for increased costs.
Trump’s tariffs trigger Wall Street’s biggest losses since 2020 April 4, 2025 Trump’s ‘Liberation Day’ tariff onslaught left global markets with some of their biggest losses since the pandemic. The FTSE 100 sank 1.5 per cent as banking and tech stocks across the globe dragged the index down. The FTSE 350 bank index fell nearly eight per cent, as Standard Chartered, HSBC, and Barclays all suffered heavy losses. Over [...]
S&P 500 and Dow Jones plunge as banks drive FTSE 100 slump April 3, 2025 The S&P 500 and Dow Jones joined the FTSE 100 in the red as US markets opened following Trump’s tariff onslaught. The S&P plummeted over three per cent in early trading, whilst the Dow slid nearly three per cent marking a loss of 1,200 points. The tech-heavy Nasdaq Exchange, which includes Tesla and Apple, slumped [...]
Luxury brands Watches of Switzerland and Burberry suffer on Trump tariffs April 3, 2025 The share prices of high-end retailers Watches of Switzerland and Burberry both slid today in the wake of Trump’s tariff announcement. Watches of Switzerland saw its share price drop more than 15 per cent, while Burberry’s share price fell by nearly seven per cent. “There are heavy losses for the luxury sector,” Kathleen Brooks, research [...]