FTSE 100 and global markets slump and gold surges amid tariff panic March 31, 2025 The FTSE 100 dipped 0.7 per cent as markets opened on Monday, with the FTSE 250 down a further 1.28 per cent. The moves followed a sharp drop in Asian markets overnight. The Nikkei 225 plummeted more than four per cent overnight, amid a global market panic as investor and consumer confidence drops ahead of [...]
UK won’t be ‘pressured’ to scrap digital services tax, says Reeves March 27, 2025 Chancellor Rachel Reeves has insisted that Britain “won’t be pressured” into scrapping its digital services tax (DST), despite mounting pressure from the US. Despite her strong stance, Reeves did not make any formal announcements about the future of the DST in her Spring Statement. Yet, hot on the heels of her speech, she told The [...]
Editor’s Interview: Charles Tyrwhitt founder – ‘No point whinging about the government’ March 24, 2025 The founder of Charles Tyrwhitt, Nick Wheeler, has told City AM that there’s “no point whinging about what the government are doing or not doing, because they’re not going to change,” adding “I’ve got to get on and make my own decisions.” His comments came during an interview with City AM in which he lamented [...]
Coventry IOC election clears Russia ‘return to Olympic podium’, says Kremlin sport minister March 21, 2025 Russia believes the election of Kirsty Coventry as IOC president can see the banned nation “return to the Olympic podium”. Russian Olympic Committee president and sports minister Mikhail Degtyarev congratulated Coventry on her election, in a vote that surprisingly took just one round to find an overall majority conclusion. Briton Lord Coe got just eight [...]
Poppy Gustafsson: UK can be ‘safe haven’ amid Trump turbulence March 20, 2025 The UK can be a beacon of stability to investors and businesses in a world where geopolitical tensions, and “populism and protectionism” are on the rise, the minister for investment has said. Citing the government’s large majority and internationalist outlook, Baroness Gustafsson trumpeted the UK’s offer of long-term certainty to investors, branding the country a [...]
Pound tops $1.30 for first time since Trump’s election win March 18, 2025 The pound has traded above $1.30 for the first time since president Donald Trump’s November election win, as a falling dollar caused by trade war fears has proved a boon for sterling. Sterling has climbed 2.7 per cent over the last month and 6.5 per cent since its January low, reaching a fourth-month high of [...]
Trump tariff war set to send cost of Guinness soaring March 13, 2025 Donald Trump’s trade war is set to send the price of Guinness soaring to new highs, a financial expert has warned. Trump’s stand-off with Mexico and Canada, now followed by tariffs on Britain and the EU, is having a knock-on effect that might hit drinkers in the pocket. The price of a pint of Guinness [...]
Keir Starmer to pledge red tape rollback in bid to ‘reshape the state’ March 12, 2025 Sir Keir Starmer is expected to pledge to slash red tape for businesses in a bid to “reshape the state” of the UK amid what he will call a new “era of instability”. The Prime Minister is set to make an announcement on Thursday about his plans to reform the British state, cut regulation, and [...]
Steel tariffs ‘couldn’t come at a worse time’ for UK industry March 12, 2025 UK industry heavyweights have branded Donald Trump’s tariffs on steel and aluminium imports a “difficult day for transatlantic trade” that will put “considerable pressure” on the UK’s metals sector. Tariffs on the two widely-used commodities came into force on Wednesday morning, meaning all UK steel and aluminium exports to the US will now be subject [...]
FTSE 100 and European markets steady ‘Trump Slump’ March 11, 2025 Calm briefly returned to global markets on Tuesday morning after an aggressive sell-off on Monday triggered by President Trump’s comments over the weekend. What investors had previously hoped to be a ‘Trump Bump’ turned into a ‘Trump Slump’ after the President’s failure to dismiss recession fears spooked markets. The FTSE 100 was broadly flat Tuesday morning after [...]