Ramsdens: Pawnbroker raises guidance profit on high gold price April 8, 2025 Pawnbroker Ramsdens has raised its profit guidance for the year, boosted by the high gold price and income from jewellery. It now expects profit before tax for the 2025 financial year, which ends on October 1, to be at least £13m. This is up from £11.4m last year and £1m ahead of previous expectations. The [...]
Impax stock crashes on profit warning after St James’s Place loss April 8, 2025 Impax Asset Management’s stock price has crashed more than 15 per cent after issuing a profit warning thanks to its falling assets. The asset manager reported a 26 per cent decline in assets under management after losing a £5.1bn mandate from St James’s Place. The £8.8bn drop over the last three months was in large [...]
Brits are bracing for the worst as Trump’s tariffs bite April 8, 2025 Trump’s tariffs are having a seismic impact on British politics, the economy and even the national mood, the latest City AM/Freshwater Strategy poll shows, writes Matthew Lesh Last month’s City Am / Freshwater Strategy poll revealed some green shoots for the economy. While far from a glowing overall picture, the trend was towards a more optimistic outlook [...]
Britain should ignore Trump’s tariffs and unleash unilateral free trade April 8, 2025 A UK conversation focused on a trade deal with the US is depressingly small-minded. The best way to beat tariffs is to lower our own barriers and trade with the world, says Tim Focas The global trade war is now an all-out economic slugfest, with Britain caught in the middle. President Trump has slapped a [...]
UK retailers claw back losses as wave of selling turns to opportunistic buying April 7, 2025 Heavyweight UK retailers clawed back some of their losses on Monday afternoon as the morning’s sell-off turned to buying. The FTSE 350 general retail index had dropped by as much as four per cent in early trades, but later stabilised to minus 2.8 per cent. Even UK retailers with very little presence in the US, [...]
Exclusive: India players from IPL close to Hundred cricket inclusion April 7, 2025 Senior figures in English cricket are confident that India will release current men’s internationals to play in the Hundred as soon as next year. India’s governing body the BCCI has not permitted their male stars to play in overseas T20 competitions, maintaining their exclusivity to the Indian Premier League. But with four of the eight [...]
Trump threatens 100 per cent tariffs on China April 7, 2025 President Donald Trump has threatened to slap additional 50 per cent tariffs on China if it doesn’t withdraw its retaliatory measures, pushing the possible level of tariffs it faces on exports to the US to over 100 per cent. In a post on Truth Social, the US president said retaliatory Chinese tariffs on US imports [...]
Four interest rate cuts this year pencilled in by markets April 7, 2025 Markets are betting that the Bank of England will make up to four interest rate cuts this year, double what had been predicted in late March. President Trump’s tariffs are set to drag UK growth back by up to one percentage point, according to various forecasters, while their impacts on inflation remain ambiguous, leading investors [...]
The Last Supper: Gordon Warnecke on the perfect jerk chicken April 7, 2025 Star of 1980s movie My Beautiful Laundrette, Gordon Warnecke tells us what he would eat for his last meal on earth My mum wasn’t a very good cook. My first memories of food are of her making quite traditional British stuff. She came over from Guyana in South America, where she was the youngest of five siblings – [...]
Fear index hits highest level since pandemic April 7, 2025 Traders’ so-called ‘fear gauge’ has reached its highest level since the onset of the pandemic, as investors brace for more market uncertainty in the wake of Trump’s swingeing tariffs. The Vix index, which shows the US stock market’s expectation of volatility over the next month, reached as high as 60 in the early hours of [...]