Week in Business: Will Donald Trump’s trade war blow up the UK economy? April 3, 2025 Liberation Day, Independence Day, the greatest day in American history? Or the end of the global economic order and the start of a dangerous new world? In the end it was classic Trump, sometimes reading from an autocue as if for the first time, sometimes veering off script in erratic directions, calling out supporters in [...]
Diageo: Share price rises as investors breathe a sign of relief April 3, 2025 Diageo’s share price rose more than two per cent as investors digested US President Donald Trump’s announcement on tariffs. Trump imposed a sweeping 20 per cent tariff on all EU goods going into the US on 3 April, but only a 10 per cent tariff on UK goods. “The UK is a relative winner from [...]
Tesla pays the price for Elon Musk’s politics April 3, 2025 People do strange things when passions are running high. Take the brave protester in Bristol, who last month felt he had to take a stand against the Bond villain/visionary entrepreneur (delete as appropriate) Elon Musk. Armed with an anti-Musk poster and a large metal pole, he set about smashing up a parked Tesla in an [...]
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 [...]
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 [...]
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 [...]
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’ [...]
Peel Hunt shares edge up as City broker cuts costs to reduce losses April 1, 2025 Shares in City broker Peel Hunt edged higher in early trades this morning after the company issued a positive trading update. The company said it anticipated revenue of £90m for the year ending 31 March 2025, an increase of five per cent from the previous year. The investment bank reported revenue of £85.5m in fiscal [...]
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 [...]