3 d. ago Eurozone interest rate cut expected; Tesla’s UK sales drop by a third – business live

Rolling coverage of the latest economic and financial newsThe UK car market has returned to growth, new data shows, but sales of Teslas have fallen by a third.Overall car registrations rose by 1.6% in May, to 150,070 units, according to the Society of Motor Manufacturers and Traders (SMMT). That’s the strongest May for new car sales since 2021, but 18% below pre-Covid levels. Continue reading...

Economics

3 d. ago Dr Martens sees profits slide but on track for return to growth

The footwear group reported pre-tax profits of £8.8 million for the year to March 30, down from £93 million the previous year.

Politics

4 d. ago FTSE 100 closes higher after survey shows UK services sector returned to growth

The S&P Global UK services purchasing managers’ business activity index rose to 50.9 points in May.

Politics

4 d. ago Services sector returns to growth in major boost to UK economy

Britain's services sector returned to tepid growth last month after jitters about Donald Trump's tariffs caused the sector to shrink in April for the first time in a year and a half.

Politics

6 d. ago Defence and gold in favour as FTSE 100 ekes out marginal gains

The FTSE 100 index closed up 1.88 points at 8,774.26.

Politics

9 d. ago UK stock markets rise with trading steady while US tariffs ‘in limbo’

London’s FTSE 100 rose 55.93 points, or 0.64%, to close at 8,772.38.

Economics

2 w. ago 35 winners share prize fund of £1.5 million at 25th Scottish EDGE Awards

Scottish EDGE returned for its 25th round as 35 winners with high-growth potential took home £1.5 million in prize money.

Economics

2 w. ago Downturn across UK firms stretches into May despite tariffs respite

While the UK’s largest sector, services, returned to growth, the manufacturing sector fell at the fastest rate since October 2023.

Economics

2 w. ago Vodafone swings to loss but says German arm will return to growth this year

The group slumped to an annual operating loss of 411 million euros (£346 million) against earnings of 3.67 billion (£3.09 billion) the previous year.

Politics

3 w. ago Thames Water CEO says crisis ‘decades in the making’; Goldman Sachs cuts US recession odds – business live

Rolling coverage of the latest economic and financial newsUK pub chain Marston’s has swung back to a profit in the first half of its financial year, thanks to a busy Christmas and Mother’s Day, as well as a tighter focus on costs.The pub owner reported a pre-tax profit of £19m in the 26 weeks ended on 29 March, compared with a loss of £0.2m in the comparable period in 2024.Their revised forecast reflects a combination of a lower effective tariff rate and the recent easing of financial conditions.We raise our S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than we previously expected. Our new 3- and 12-month returns forecasts are +1% and +11%, indicating levels of 5900 and 6500 (previously 5700 and 6200). Continue reading...

Economics

3 w. ago Goldman Sachs cuts US recession odds on tariff optimism; UK wage growth slows as jobs market cools – business live

Rolling coverage of the latest economic and financial newsUK pub chain Marston’s has swung back to a profit in the first half of its financial year, thanks to a busy Christmas and Mother’s Day, as well as a tighter focus on costs.The pub owner reported a pre-tax profit of £19m in the 26 weeks ended on 29 March, compared with a loss of £0.2m in the comparable period in 2024.Their revised forecast reflects a combination of a lower effective tariff rate and the recent easing of financial conditions.We raise our S&P 500 return and earnings forecasts to incorporate lower tariff rates, better economic growth, and less recession risk than we previously expected. Our new 3- and 12-month returns forecasts are +1% and +11%, indicating levels of 5900 and 6500 (previously 5700 and 6200). Continue reading...

Economics

last month European stocks rise amid ‘cautious optimism’ over US trade talks

The UK’s FTSE 100 moved 23.19 points higher, or 0.27%, to close at 8,554.8.

Politics