EU pauses counter-tariffs after Trump backs down April 10, 2025 President of the European Commission Ursula von der Leyen has said the European Union will pause their reciprocal tariffs against the US, but warned it will hit back if trade negotiations fail. In a post on X, von der Leyen said: “We want to give negotiations a chance… “If negotiations are not satisfactory, our countermeasures [...]
Starmer says UK government must ‘rise to the moment’ on tariffs April 10, 2025 The UK government needs to “rise to the moment”, Sir Keir Starmer said, adding that he would not “pretend” US President Donald Trump’s tariffs are “good news”. Speaking this morning after Trump announced a 90-day pause in his sweeping global tariffs, while raising his tax rate on Chinese imports to 125 per cent, the Prime [...]
UK private equity deals crash to pandemic lows April 10, 2025 UK private equity deals crashed to their lowest level since 2020 in the first quarter of this year, as a tepid IPO market and geopolitical uncertainty continued to hamper dealmaking. There were only 320 private equity deals in the first quarter of 2025, totalling £18bn, compared to 534 deals totalling £28.2bn in the quarter before, [...]
Nvidia shares skyrocket but tariffs still threaten AI boom April 10, 2025 Shares in AI giant Nvidia have skyrocketed by almost a fifth after President Donald Trump paused his sweeping new tariffs for 90 days. The move brought a brief, albeit potent, reprieve for Wall Street, triggering the Nasdaq’s largest single day gain in nearly a quarter of a century and reigniting investor appetite for the battered [...]
Tesco, M&S and Sainsbury’s shares drop amid wider FTSE 100 rally April 10, 2025 The UK’s major listed supermarkets missed out on a post-crisis FTSE 100 bump this morning after Tesco’s full-year results stoked fears of ‘trolley wars’ in the sector. The FTSE 100 index rose by more than six per cent as investors breathed a sigh of relief after Trump’s ‘reciprocal’ tariffs were paused last night. However, Tesco, [...]
Rolls-Royce: Shares in FTSE 100 giant rocket April 10, 2025 Shares in FTSE 100 giant Rolls-Royce are on the march and have now recovered more than half the value they lost in the wake of President Donald Trump’s tariff announcements. Shares in the Derby-headquartered group are now trading at around 734p, up more than 10 per cent since the start of trading today. That is [...]
Next: Boss of FTSE 100 giant rewarded after £1bn profit April 10, 2025 The chief executive of FTSE 100 giant Next took home almost £5m as the high street icon’s profit surged to more than £1bn for the first time. Lord Simon Wolfson took home a total pay packet of £4.72m for the Leicester-headquartered retailer’s latest financial year, up from £4.63m. The CEO’s remuneration package included a salary [...]
FTSE 100 roars back after Trump pauses tariffs April 10, 2025 The FTSE 100 soared as markets opened this morning after President Donald Trump‘s tariff climb down on Wednesday. London’s blue-chip index gained over six per cent – an increase of nearly 500 points. The FTSE 250 climbed over four per cent. Of the risers, Barclays rocketed over 20 per cent and Melrose 16 per cent. [...]
Come back non-doms, all is forgiven April 10, 2025 I write this sitting in the morning sunshine in a cafe in central Milan, where I’m one day into my new life as a beneficiary of their special tax regime for high net worth individuals, meaning that in exchange for a mere €200,000 a year I can protect my overseas sources of wealth and income [...]
The Capitalist: Canada terrorised by ducks April 10, 2025 Market shenanigans, Jamie Dimon's good manners guide and the Square Mile's aggressive ducks; catch up on City drama in The Capitalist.
