MPs face choice on British Steel as ministers aim to ‘take back control’ April 12, 2025 MPs face a choice between “taking back control” of British Steel or seeing the end of primary steelmaking in the UK, the industry minister said ahead of a debate on emergency legislation. Both the Commons and the Lords will break from Easter recess for a highly unusual Saturday sitting to debate a bill aimed at [...]
Joy Of Spring to be Fownes’ Winning Charm at Sha Tin April 11, 2025 LOCAL racegoers in Hong Kong will be out in force forming long queues at the betting counters to support the Caspar Fownes-trained speedball Justifying, in the Nurturing Talent Handicap (9.40am) over five furlongs. The three-year-old son of Justify caught the public’s imagination when storming away from opposition at Sha Tin early last month, and expectations [...]
Healey warns against ‘forgetting about the war’ at Ukraine summit April 10, 2025 Allies of Ukraine should guard against “jeopardising the peace by forgetting about the war” amid plans for a peacekeeping force from 30 ‘coalition of the willing’ nations, John Healey has said. Proposals for that peacekeeping force in Ukraine are “real and substantial”, the defence secretary said, at the start of a further meeting of the [...]
Mark Kleinman: Trump tariffs spell doomsday for dealmakers April 10, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Trump tariffs spell doomsday for dealmakers Shock and awful. The primary consequences of President Donald Trump’s global tariffs blitz are becoming clearer by the day: inflation, a looming recession and a sweeping international protectionism which could [...]
Rachel Reeves calls in City bosses for crisis tariff talks April 9, 2025 Chancellor Rachel Reeves is set to meet with top City bosses today amidst the fallout of President Donald Trump’s tariff onslaught. Executives from Hargreaves Lansdown, Legal & General, Lloyds Banking Group and M&G will attend the Chancellor’s summit, according to Sky News. The talks will cover the Treasury’s financial services growth and competitiveness strategy, sources [...]
Bank of England asks lenders about clients’ stability as Reeves brands system ‘resilient’ April 8, 2025 The Bank of England has asked lenders about their clients’ financial well-being after Trump’s tariff onslaught triggered chaos across financial markets. The central bank asked firms for information about market liquidity and whether any of their clients were having funding problems, according to the Financial Times. The Prudential Regulation Authority, which is responsible for 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 [...]
Barclays, HSBC, Bank of America bosses hold crisis tariff talks April 7, 2025 Chief executives at the world’s biggest banks have held talks on the fallout of Trump’s tariff onslaught. Bosses from Bank of America, HSBC, Barclays and Citi discussed the global chaos triggered by Trump’s ‘Liberation Day’ in a call on Sunday, according to Sky News’ Mark Kleinman. The call was organised by the Bank Policy Institute [...]
Universal: Deal nears to open Alton Towers rival April 7, 2025 A deal which would see Universal open a major new theme park in the UK to rival Alton Towers could be announced in the coming weeks, according to reports. The Financial Times has said ministers are nearing an agreement with Comcast’s Universal Destinations and Experiences (UDX) to develop a 476-acre site near Bedford. Plans for [...]
UK government unveils changes to electric vehicle rules April 7, 2025 Prime Minister Keir Starmer has launched new reforms to bolster Britain’s automotive industry and accelerate the transition to electric vehicles (EVs). This move reaffirms the 2030 phase-out date for new petrol and diesel car sales, while offering carmakers more flexibility to meet ambitious green targets. The changes come in response to US President Donald Trump’s [...]