9 h. ago Britain’s biggest pawnbroker H&T snapped up by US firm for £297m; Goldman Sachs lifts UK and eurozone growth forecasts – business live

China issues warning to UK over terms of US trade deal, saying it is a ‘basic principle’ that bilateral agreements should not target other nationsHere’s our full story on the Co-op saying that that stock availability in its stores will not improve until this weekend, as it struggles to recover from a cyber-attack two weeks ago.And our full take on Burberry’s planned 1,700 job cuts. Continue reading...

Economics

34 h. 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

36 h. 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

40 h. ago We told young people that degrees were their ticket to a better life. It’s become a great betrayal | Gaby Hinsliff

With the labour market declining and AI a threat to entry-level jobs, graduates have been sold a lie. It’s no wonder they’re angryIt’s boomerang season again. Or to put it another way, the time of year when adult children you imagined might be flying the nest come home instead to roost, a ritual that seems to happen earlier every year.Though the university year isn’t formally finished yet, so many institutions are dumping written exams in favour of dissertations or online assessments (cheaper to run, apparently) that third years have started cutting their losses and their food bills by heading home not long after Easter. In a worrying number of cases, they’re leaving with no job to go to.Gaby Hinsliff is a Guardian columnist Continue reading...

Politics

62 h. ago 1,000 jobs in wind power, Heathrow enjoys busiest April and tributes to Kwik Fit founder

From Burberry’s profit hopes and Trump’s revived drug price pledge to a £10.9bn wind power project, a cooling UK jobs market, and tributes to Sir Tom Farmer - here are today’s top stories in UK business.

Society

7 d. ago Tech giants beat quarterly expectations as Trump’s tariffs hit the sector

What’s new in AI – from effects on job market to Meta’s new app and ChatGPT changes – and a look at Musk’s first termHello, and welcome to TechScape. I’m your host, Blake Montgomery, and this week in tech news: Trump’s tariffs hit tech companies that move physical goods more than their digital-only counterparts. Two stories about AI’s effect on the labor market paint a murky picture. Meta released a standalone AI app, a product it claims already has a billion users through enforced omnipresence. OpenAI dialed back an obsequious version of ChatGPT. And we look back at Elon Musk’s first term. Continue reading...

Politics

9 d. ago Bank of England set to cut interest rates as US tariff impact hits UK economy

The Bank is trying to ease borrowing costs as economic growth is predicted to be slowed by the impact of Trump's tariffs

Economics

1 week ago Goldman Sachs removes the word ‘Black’ from diversity programs as Trump continues to pressure companies to end DEI

Program founded to address Black female wealth gap reportedly now open to wider low-income populations, according to bank insider

Politics

2 w. ago Lidl to open 40 UK stores in £500 investment and Deliveroo takeover 'bid'

Watch the stories making today’s business headlines in under two minutes as Deliveroo targeted for takeover and Lidl plans £500m UK expansion. But despite the positive news, Business Editor Mark Morris fears an economic storm against the backdrop of this week’s mini-heatwave.

Economics

2 w. ago Lidl to open 40 UK stores in £500m investment and Deliveroo takeover 'bid'

Watch the stories making today’s business headlines in under two minutes as Deliveroo targeted for takeover and Lidl plans £500m UK expansion. But despite the positive news, Business Editor Mark Morris fears an economic storm against the backdrop of this week’s mini-heatwave.

Economics

2 w. ago The lessons slow lane UK can learn from small but fast growth Malta

Malta has an enduring and cross-partisan commitment to maintaining a business-friendly environment.

Politics

2 w. ago A top Goldman Sachs banker is moving from London to Milan as the City struggles to maintain its stature

A top Goldman Sachs banker is moving from London to Milan as the City struggles to maintain its stature  Business Insider

Politics

2 w. ago A top Goldman Sachs banker is moving to Milan as London struggles to maintain its stature

A top Goldman Sachs banker is moving to Milan as London struggles to maintain its stature  Business Insider

Politics

2 w. ago Exodus of the billionaires: Property tycoons and top banker flee UK after attack on non

Three of Britain's richest men - top banker Richard Gnodde and brothers Ian and Richard Livingstone - have 'joined the exodus' of the super-rich amid a government crackdown on wealthy non-doms.

Society

2 w. ago China schools Trump on the art of a tariff deal: Don’t threaten us

Donald Trump has announced he’s willing to back way off Chinese tariffs after his levy package hit the stock market, the strength of the dollar, small businesses and American jobs.

Economics

3 w. ago Fears of the economy tanking are now higher than they were at the height of the Covid pandemic

Dismal fund manager sentiment comes as Federal Reserve warns of increased inflation and slowing growth due to tariffs

Events

3 w. ago Global economic growth will slow amid Trump tariffs, IMF warns – as it happened

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Events

3 w. ago Global economic growth will slow amid Trump tariffs, IMF warns – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Economics

3 w. ago ECB cuts rates for third time this year as Europe braces for Trump tariffs

Quarter-point cut in main rate to 2.25% aims to tackle slowing eurozone growth and impact of US border taxesBusiness live – latest updatesThe cost of borrowing has fallen across the 20-member euro area for the third time this year after the European Central Bank cut its main interest rate to 2.25% in response to slowing growth and Donald Trump’s tariffs.The Frankfurt-based bank cut its benchmark deposit rate by a quarter of a percentage point on Thursday, in line with City economist expectations, to tackle a slowdown in the bloc and the impact from the border taxes imposed earlier this month on all EU imports into the US. Continue reading...

Politics

4 w. ago This Goldman Sachs team in London looks perfect for hedge fund jobs

This Goldman Sachs team in London looks perfect for hedge fund jobs  eFinancialCareers

Politics