Analysis: What is in the US-UK trade deal and what does it mean? Economics The US administration has offered the UK its first trade deal since President Trump turned global trade on its head last month. The UK government will see the deal as a win, at least symbolically, while Bank of England Governor Andrew Bailey hailed news of a trade deal as “excellent”. Chancellor Rachel Reeves said reducing [...]
Rolls-Royce: Shares in FTSE 100 giant rally on trade deal hopes Markets Shares in Rolls-Royce were driving the FTSE 100’s gains on Thursday as the UK looked poised to secure a trade deal with the US. Shares in the Derby-headquartered group were trading up three per cent at 790.60p in early deals, closing in on its all-time high The firm, which triumphed as Business of the Year [...]
UK construction crumbles in April as ‘bumpy ride’ continues UK construction endured another month of collapsing output in April, new research has suggested, in signs that a turnaround in the sector is still distant. The sector has now seen a decline in output over four consecutive months, according to S&P Global’s newest purchasing managers’ index (PMI). Civil engineering remained the weakest area of construction [...]
BAE Systems to spend billions on growth and hire thousands more staff May 7, 2025 BAE Systems has said it plans to hire thousands more staff as the company prepares for an increase in global defence spending. Shares in the London-listed company have rocketed more than 50 per cent since the start of the year. This morning, it said it plans to recruit as many as 2,400 new apprentices, undergraduates, and graduates [...]
Manufacturing edges towards year of decline amid ‘noticeable impact’ of tariffs May 1, 2025 UK manufacturing’s falling production levels show no signs of ending as the spectre of tariffs brings a “noticeable impact” on exporters’ sales, leading analysts have said. Firms have had to navigate through sticky inflation and high energy costs for the best part of three years as the UK’s weakened economy has failed to bounce back [...]
Construction firms lose hope but businesses are ‘showing resilience’ April 30, 2025 Construction firms have grown despondent about their business prospects despite signs of resilience across the UK economy, a new survey has found. The sector is key to the housing secretary Angela Rayner’s plans to build 1.5m homes by 2030 though early signs suggest the ambitious target will not be met. Construction saw a bigger drop [...]
ONS set to weigh up cost to public purse of British Steel rescue April 29, 2025 The UK’s official statistics body has begun an assessment of the cost of running British Steel since the loss-making business was rescued by the government, City AM can reveal, in what could prove to be another blow to Chancellor Rachel Reeves’ fiscal targets. The UK’s top statistician Professor Sir Ian Diamond said the Office for [...]
Sir Jim Ratcliffe: Businesses can’t afford ‘heavy blow’ of net zero taxes April 29, 2025 INEOS founder Sir Jim Ratcliffe has slammed UK net zero policies as unaffordable and claimed carbon taxes are “killing manufacturing”. The Manchester United co-owner described payments to be made by INEOS’ Grangemouth as part of the UK Emission Trading Scheme (ETS), which puts a financial cost on carbon emissions, as “yet another tax bill” that [...]
Manufacturers accelerate job cuts as firms brace for ‘gloomy’ year April 24, 2025 Manufacturers are shedding staff at the fastest pace in more than four years, according to new data, as they wrestle with soaring energy bills and Chancellor Rachel Reeves’ tax hikes bite. The downturn in manufacturing output slightly eased in the quarter to April, a survey of hundreds of firms by the Confederation of British Industry [...]
Boeing issues weigh on FTSE 250 group Senior’s results March 3, 2025 Aerospace and defence group Senior has reported revenue of £977.1m for the year ended 31 December 2024, a one per cent increase compared to the previous year. Operating profit rose six per cent to £40.3m, while profit before tax increased by 22 per cent to £27.8m. Adjusted profit before tax declined by 14 per cent [...]