2 h. ago New stock market for shares in private companies to open in UK

The Financial Conduct Authority has confirmed rules around trading, which should start this year

Economics

21 h. ago US hoping for ‘handshake’ from China at trade talks; takeover flurry in the City – business live

US hoping to get handshake from China over access to rare earths, at meeting in London todayThe presence of US commerce secretary Howard Lutnick at today’s talks in London is seen as directly related to China’s export ban on rare earth minerals and permanent magnets, critical in aerospace, military and semi-conductor companies worldwide, my colleague Lisa O’Carroll reports.After the call between Donald Trump and Xi Jinping last week, their first since Trump’s inauguration in January, the US said Xi had agreed to resume shipments of rare earths to the US, breaking the logjam needed for talks to resume. Continue reading...

Politics

21 h. ago Stock Market Live June 9: London Talks to Drive Markets This Week, S&P 500 (VOO) Starts Flat

Stock Market Live June 9: London Talks to Drive Markets This Week, S&P 500 (VOO) Starts Flat  24/7 Wall St.

Politics

25 h. ago Reform UK seizing control of councils sees rise in trade union membership

Reform UK have said they will seek to cut waste in local government, leading to fears of job cuts.

Politics

28 h. ago US chipmaker Qualcomm agrees to buy UK’s Alphawave in $2.4bn deal

Acquisition will lead to latest departure from London’s stock market

Economics

29 h. ago US and China officials to meet for trade talks in London – business live

Rolling coverage of the latest economic and financial newsChina has slipped further into deflation territory, underlining the importance of agreeing a trade deal with the US.China’s consumer prices fell for a fourth consecutive month in May, new data from the National Bureau of Statistics shows.“The next round of trade talks between the U.S. and China will be held in the UK on Monday.“We are a nation that champions free trade and have always been clear that a trade war is in nobody’s interests, so we welcome these talks.” Continue reading...

Politics

5 d. ago London suffers £10bn stock market hit as major firm to leave for the US

Wise reported rising profits and a new direction as they pursue a US listing

Economics

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

Rolling coverage of the latest economic and financial newsStock exchange dealt another blow as £12bn fintech ditches main London listingUK trade secretary Jonathan Reynolds has also called for reforms of the WTO, including changes to the much criticised dispute resolutions system which can also take years to settle disputes between trading nations.Reynolds told the European Policy Centre security conference in Brussels:“We do recognise that reforming and repositioning the WTO so that it can respond more effectively to the challenges of today is the only way to safeguard long term stability and growth tomorrow.“Our eyes are fixed on greater flexibility in decision making, greater openness in the east of plurilaterals and building a fully functioning dispute settlement system,”“the trees that survive the storms aren’t the tallest. They’re the ones whose roots are intertwined with their lives.“Just in the past two days, during the OECD trade ministerial [summit] the message was clear a...

Economics

5 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

5 d. ago Fintech giant wise to switch its main share listing to the US in major blow for the City

Wise was the largest tech listing in the UK when it was valued at almost £9 billion after its 2021 stock market debut

Politics

5 d. ago Eurozone interest rate cut expected; fintech Wise delivers blow to London stock market – business live

Rolling coverage of the latest economic and financial newsMay was the busiest month for UK house sales since March 2022, new data from Rightmove this morning shows.Across Great Britain, the number of sales agreed is now 6% ahead of the same period last year, Rightmove reports. But London is lagging, with sales just 1% higher than a year ago. Continue reading...

Economics

5 d. ago Wise to Dual List Shares in US in Latest Blow to City of London’s Stock Market

Wise to Dual List Shares in US in Latest Blow to City of London’s Stock Market  Bloomberg

Politics

7 d. ago Money Saving Expert Martin Lewis urgently warns fans over chilling criminal deepfake AI video

Footage was manipulated and posted online suggesting the Money Saving Expert website founder would offer stock market tips each day in a WhatsApp group.

Events

8 d. ago China accuses US of ‘seriously violating’ trade war truce; UK factory output shrinks again – business live

Rolling coverage of the latest economic and financial newsToday’s UK PMI report (see 9.52am) also shows that business confidence at British factories remained ‘subdued’ last month.Manufacturers continued to raise concerns that turbulent trade conditions, the weak economic outlook and rising cost burdens will make market conditions tough during the year ahead.Weak global market conditions, trade uncertainty, low customer confidence and cost pressures resulting from recent increases to UK employer NICs and minimum wages also contributed to clients’ reluctance to spend. That said, a recent bout of good weather did boost sales at some manufacturers. Continue reading...

Economics

8 d. ago Drug maker Indivior to abandon London stock market for the US

Indivior’s exit comes after the company moved its primary listing to the US’s Nasdaq index last year.

Events

8 d. ago China accuses US of ‘seriously violating’ trade war truce – business live

Rolling coverage of the latest economic and financial newsTrade war fears don’t seem to have hurt the UK housing market last month.Lender Nationwide has reported that the average house price rose by 0.5% duing May, reversing most of the 0.6% fall recorded in April.“Despite wider economic uncertainties in the global economy, underlying conditions for potential home buyers in the UK remain supportive.“Unemployment remains low, earnings are rising at a healthy pace (even after accounting for inflation), household balance sheets are strong and borrowing costs are likely to moderate a little if Bank Rate is lowered further in the coming quarters as we, and most other analysts, expect.“What China is doing is they are holding back products that are essential for the industrial supply chains of India, of Europe. And that is not what a reliable partner does.” Continue reading...

Events

8 d. ago Investors say they took advantage of market instability caused by Trump’s tariffs

Stock markets around the world suffered sharp drops in the days following the so-called ‘liberation day’ announcements

Economics

1 week 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

1 week ago Appeals court lets Trump's tariffs stay in place for now in big win for president

Global markets surged and U.S. stock futures skyrocketed upon news of the bombshell ruling that the vast majority of Donald Trump's tariffs are illegal. 

Politics

1 week ago The Guardian view on Trump’s tariffs: the courts have drawn a line. So must Congress | Editorial

The worst of all outcomes would be for US legislators to agree to strengthen the president’s executive powersIf one thing is more challenging to the rule of law than a genuine emergency, it is the invention of a phoney one. Since returning to the White House in January, President Donald Trump has upended global trade and international relations, wiping billions off the stock market in the process, by imposing tariffs that he claims are a necessary response to an emergency. Yet that emergency does not really exist, except in the manner that Mr Trump himself has created it.The president claimed, on 2 April, that a lack of reciprocity in US overseas trade arrangements was “an unusual and extraordinary threat to the national security and economy of the United States”. He claimed that this justified him in declaring an emergency and governing by executive decree under the 1977 International Emergency Economic Powers Act (IEEPA). Congress, which normally has the responsibility to decide U...

Politics