3 d. ago IMF warns that trade tensions could test stability of world economy; Reeves ‘confident’ about US trade deal – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Events

3 d. ago US trade war fears drive UK consumer confidence down to record low; Tesla’s European sales fall again – business live

Rolling coverage of the latest economic and financial newsDonald Trump’s tariffs will make it harder for Sir Jim Ratcliffe’s car division, Ineos Automotive, to reach its first profit.Ineos Automotive’s CEO, Lynn Calder, told Bloomberg that the US president’s 25% tariff on foreign cars will make it harder to hit the earnings target.“For sure, this last week has put a dent in that and, for sure, delayed it,”“We’re stubborn as mules. We’re not easy to knock down.”“With fieldwork completed just days after Donald Trump’s “Liberation Day” tariffs, it is unsurprising that consumer expectations for the economy plummeted to a record low. The original tariff schedule, since reduced for most countries, was expected to reduce growth in the UK and elsewhere. Yet despite this economic pessimism, expectations of retail spending rose slightly as the prospect of Easter shopping drew closer.The state of the economy dropped significantly to -48 in April, down from -35 in March.Their personal financial...

Economics

7 d. ago Why Manchester United fans held up banners to the director's box against Wolves

Manchester United supporters are staging another protest against Sir Jim Ratcliffe and Ineos at the Premier League clash against Wolverhampton Wanderers

Sport

2 w. ago Ineos Britannia pull out of America’s Cup and aim barb at Ben Ainslie’s team

Ineos blames delays on talks with Ainslie’s Athena teamJim Ratcliffe laments ‘very difficult decision’Sir Jim Ratcliffe’s Ineos Britannia team has withdrawn its intention to compete in the 38th America’s Cup.The team, which lost 7-2 to Emirates Team New Zealand in the 37th edition last year, has announced it has “reluctantly withdrawn its challenge”, claiming a six-month delay in reaching an agreement with Sir Ben Ainslie’s Athena Racing Ltd had “undermined its ability to prepare” for the event. Continue reading...

Politics

2 w. ago Ineos Britannia pulls out of America’s Cup and aims barb at Ben Ainslie’s team

Ineos blames delays on talks with Ainslie’s Athena teamSir Jim Ratcliffe laments ‘very difficult decision’Sir Jim Ratcliffe’s Ineos Britannia team has withdrawn its intention to compete in the 38th America’s Cup.The team, which lost 7-2 against Emirates Team New Zealand in the 37th edition last year, has announced it has “reluctantly withdrawn its challenge”, claiming a six-month delay in reaching an agreement with Sir Ben Ainslie’s Athena Racing Ltd had “undermined its ability to prepare” for the event. Continue reading...

Politics

3 w. ago The All Blacks and Sir Jim Ratcliffe finally settle sponsorship dispute

New Zealand Rugby accused Ineos of breaching its sponsorship contract by missing a payment instalment but the sides have come to an agreement

Politics

3 w. ago New Zealand Rugby and Ineos settle sponsorship contract dispute

NZR had launched legal action over missed paymentDetails of settlement to remain confidentialThe Manchester United co-owner Ineos and New Zealand Rugby have announced a settlement has been reached in their sponsorship contract dispute.In February NZR, the federation responsible for the All Blacks team, said it had launched legal action against Sir Jim Ratcliffe’s Ineos after accusing the chemicals firm of failing to pay the first 2025 instalment of a six-year deal. Ineos at the time said it had looked to “adjust” its sponsorship, with it having to implement “cost-saving measures” due the impact of “high energy costs and extreme carbon taxes” on its European businesses. Continue reading...

Politics

3 w. ago Ineos and New Zealand Rugby reach settlement in sponsorship dispute

NZR had launched legal action after accusing Sir Jim Ratcliffe’s Ineos of failing to pay the first 2025 instalment of a six-year deal.

Politics

3 w. ago Jim Ratcliffe’s Ineos cancels dividend after debt pile surpasses €10bn

Chemicals producer Ineos operates in Europe, the US and Asia and has come under increasing cost pressures of late

Politics