Zelensky says Vatican meeting with Trump ‘has potential to become historic’ April 26, 2025 Volodymyr Zelensky said his meeting with Donald Trump on the fringes of the Pope’s funeral “has potential to become historic”. The Ukrainian president and his US counterpart met within St Peter’s Basilica after they each paid respects at Francis’ coffin. A photograph of the two leaders shows them sat opposite one another on chairs within [...]
M&S: Shares at FTSE 100 retailer fall as cyber attack hits customers April 24, 2025 Shares in Marks & Spencer (M&S) have continued to fall as its battle against a cyber attack wages on. The FTSE 100 retailer has said the incident, which was disclosed to the public on Tuesday, has impacted contactless payments and click and collect orders. Shares in M&S have fallen by more than 1.5 per cent [...]
Shawbrook eyes £5bn Starling merger instead of IPO April 24, 2025 Shawbrook Group is weighing up a £5bn merger with fintech giant Starling, in a move that would be emblematic of a tougher outlook on stock market listings. The mid-cap lender has reached out to Starling in the last two months to initiate talks on a potential deal, as reported by Sky News. The proposal remains [...]
The Fed shouldn’t hit back at Trump, just talk louder April 24, 2025 The problem with Trump’s “major loser” jibes at the Fed isn’t that they’re wrong (though they are), it’s that they’re being heard, says Tim Focas If you closed your eyes and listened to President Trump lambast Federal Reserve chair Jerome Powell, you might think you were watching this Sunday’s Wrestlemania, not a political announcement. “Major [...]
Boeing losses narrow as boss says recovery is working April 23, 2025 Boeing’s net losses narrowed in the first quarter of the year in an early sign the US planemaker may turn a corner this year. The firm reported a net loss of $31m (£23.3m) in the three months ended March, down from $355m the year prior. Core losses per share came in at ¢49, well ahead [...]
Tesla profits crash as Elon Musk fallout hits brand and bottom line April 23, 2025 Tesla reported a sharp decline in first-quarter profit on Tuesday, missing Wall Street estimates as the electric vehicle maker continued to grapple with slowing demand, rising competition, and mounting brand headwinds tied to chief executive Elon Musk’s political activities. Net income nosedived 71 per cent year-over-year to $409m (£307m) while revenue fell nine per cent [...]
FTSE 100 sees best winning streak in two years as trade war fears abate April 22, 2025 The FTSE 100 finished in the green on Tuesday for the seventh consecutive day, notching its best run of gains in two years as investor worries over protracted trade wars began to soften. London’s blue-chip index closed on a 0.64 per cent gain at 8328.60. Distribution firm Bunzl ended trading as one of the top [...]
Pound on best run since 1971 as FTSE 100 claws back gains April 22, 2025 The pound and the FTSE 100 continued their strong runs on Tuesday on the back of US instability. Sterling was on track for its 11th day of gains, which would be its longest streak since January 1971 – when the currency switched to the decimal system. It was up 0.6 per cent to $1.34 against [...]
As FTSE 100 pharma firms wait for a tariffs decision, what would drugs levies mean for consumers? April 22, 2025 For FTSE 100 businesses navigating the shifting sands of Trump’s trade war, the uncertainty surrounding the tariffs has been almost as painful as the stock market shocks. The pharmaceutical industry has been left in a particularly agonising limbo: free, for now, from the 10 per cent baseline import tax, but the US President keeps making [...]
Businesses on the brink: Company closures surge amid fears over UK economy April 22, 2025 Businesses across Britain are being shut down at a rate not seen since the financial crash, City AM has found, in a major warning sign for the health of the UK economy. More than 1,100 companies have faced winding-up orders in the first fifteen weeks of 2025, according to an analysis of published insolvency notices [...]