Trump threatens Apple with 25 per cent tariff on iPhones May 23, 2025 President Donald Trump issued a warning to Apple on Friday, threatening a 25 per cent tariff on iPhone sales made outside the US. In a Truth Social post, Trump wrote: “I have long ago informed Tim Cook of Apple that I expect their iPhones that will be sold in the US… be manufactured and built [...]
UK retail sales boost as Brits enjoy warm weather May 23, 2025 Sales rose for UK retailers last month as warmer weather helped drive stronger demand for food and drink, according to official figures. The Office for National Statistics (ONS) said overall retail sales volumes rose by 1.2 per cent in April. This compared with a 0.1 per cent rise in March, which was revised down from [...]
Oasis reunion tour to boost London’s economy by £426m May 22, 2025 The long-awaited Oasis reunion is set to deliver a remarkable £426.3m boost to London’s economy, with fans across the UK set to spend over £1bn. New data from Novuna Personal Finance found that the band’s sold-out, seven-night residency at Wembley Stadium will attract more than 630,000 fans to the capital, with each night forecast to [...]
London defies ‘Awful April’ slump with more job postings May 22, 2025 London was one of two regions across the UK to have seen a rise in job postings, with fresh data suggesting businesses in the capital city defied the double whammy of tax hikes and President Trump’s tariff threats. Europe’s richest city has continued to buck the trend of low confidence felt across the country as [...]
Mark Kleinman: Reeves’ City IPO push still lacks momentum May 22, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Reeves’ City IPO push still lacks momentum It’s the City’s most oft-recurring question: how do you reverse the alarming decline in London’s attractiveness as a destination for IPOs? The bald statistics legitimise the urgency of the [...]
JD Sports: Shares drop on tariff uncertainty despite higher dividend May 21, 2025 JD Sports has raised its dividend on a double-digit rise in revenue after an uptick in European and North American demand. Shares, however, dropped more than seven per cent as the retailer warned that the visibility in US trading was uncertain due to the tariff impact. Overall revenue grew 12 per cent to £11.45bn in [...]
Currys: Shares dip despite interest rates helping sales at retailer May 21, 2025 Electrical retailer Currys has reported a jump in profit after sales jumped thanks in part to a boost from lower interest costs. In a trading update on Wednesday, the firm said it expects pre-tax profit to come in at £162m, up 37 per cent year-on-year. Previous guidance had indicated profit for the period ending May [...]
What will stricter buy now pay later regulations mean for Klarna? May 20, 2025 The government is clamping down on the “wild west” of buy now, pay later (BNPL) but this could spark trouble for industry veterans in a competitive sector. The Treasury is set to bring BNPL providers under the supervision of the Financial Conduct Authority, meaning they will have to adhere to the stricter frameworks of the [...]
Card Factory CEO takes home bumper pay rise May 20, 2025 The chief executive of Card Factory has seen his pay packet jump to more than £1.5m after the company’s sales surged. The West Yorkshire-headquartered retailer has handed Darcy Willson-Rymer the pay rise for its latest financial year, taking home £942,559 in the prior 12 months. The main change to the CEO’s salary was the £531,567 [...]
Is this a sweet trade deal with the EU – or does it sound a bit fishy? May 19, 2025 Keir Starmer will be boasting about his latest catch in international diplomacy: a trade deal with the European Union, which the government hopes will boost the chances of landing higher growth. In an agreement that hands EU boats continued rights in British seas until 2038, slashing red tape on food checks and increasing cooperation on [...]