6 h. ago UK’s FTSE 100 share index hits record closing high despite economy shrinking in April – business live

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumped.. but FTSE 100 ends at new record closeFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, t...

Economics

6 h. ago Trump reacts to criticism of mass deportations from business leaders – live

US president promises changes after industry chiefs complain about losing farm and hospitality workers but is cryptic about details A woman defiantly dances near police officers as protesters continue to march and chant in an approximately one-square mile area of downtown Los Angeles in response to a series of immigration raids.Nerves are frayed in Los Angeles, as the second largest city in the US is flooded with more than 2,000 federal troops tasked with protecting immigration enforcement officials after thousands of people hit the streets to protest deportation raids. Continue reading...

Politics

10 h. ago Business news live: Boeing shares sink after India crash and Poundland sold for £1

Stock market reaction and business news for Thursday

Economics

11 h. ago Largest ever plunge in UK exports to US as Trump tariffs hurt growth; dollar hits three

UK economy shrank by 0.3% in April, biggest fall since October 2023, as trade with the US slumpedFull story: UK economy shrinks by 0.3% as as exports hit by Trump trade warNicholas Hyett, Investment Manager at Wealth Club, blames “a cocktail of headwinds to growth” for the 0.3% fall in UK GDP in April.Hyett says:In the very short term the change to Stamp Duty rules have put the legal and property services on ice - with legal activities down 10.2% month-on-month.New barriers to trade with the US and changes to employment costs, from a higher living wage and increased national insurance contributions, are a longer term challenge.“The 0.3% m/m fall in real GDP in April supports our view that the strength in Q1 was unsustainable. This won’t prompt the Bank of England to cut interest rates next Thursday. But it is one more piece of news pointing to another cut in August.”We still expect the Bank Rate to be maintained at 4.25% in the June meeting, to allow still troubling earnings growth ...

Politics

14 h. ago Business news live: FTSE 100 flat and Poundland faces restructure after being sold

Market reaction and business news for Thursday

Politics

15 h. ago Business news live: FTSE 100 flat as UK economy stalls after Asia stocks down overnight

Market reaction and business news ahead of the government’s spending review

Economics

31 h. ago Business news live: FTSE 100 closes below new high, Meta set for $15bn AI deal

Market reaction and business news ahead of the government’s spending review

Economics

31 h. ago Business news live: FTSE 100 rises towards new record high, Meta set for $15bn AI deal

Market reaction and business news ahead of the government’s spending review

Economics

32 h. ago US Treasury's Bessent says London trade agreement will help stabilize US

US Treasury's Bessent says London trade agreement will help stabilize US-China relationship  TradingView

Politics

32 h. ago Business news live: FTSE 100 rises towards new record high, Google staff cuts latest

Market reaction and business news ahead of the government’s spending review

Events

32 h. ago Deal ‘is done’, says Trump, as China and US trade truce gets back on track after London talks

Deal ‘is done’, says Trump, as China and US trade truce gets back on track after London talks  The Straits Times

Politics

33 h. ago Trump says China will face 55% tariffs under trade deal; US inflation rises to 2.4% – business live

Rolling coverage of the latest economic and financial newsElon Musk says he regrets some of his posts about Trump: ‘They went too far’US-China trade talks: ‘framework’ deal amid dispute over rare earthsShares in Tesla are set to rally in New York later today, after Elon Musk attempted to patch up relations with Donald Trump.Tesla’s shares are up 2.5% in premarket trading at $334.28, as traders react to Musk’s expression of regret over his criticism of Trump last week. Continue reading...

Economics

33 h. ago Trump says Trade War ‘deal with China is done’ and he and Xi agree on minerals: ‘FULL MAGNETS’

China’s restrictions on rare earth exports have been putting pressure on American manufacturers who rely on them for a wide range of products

Politics

33 h. ago Trump declares deal with China is ‘done’; US inflation rises to 2.4% – business live

Rolling coverage of the latest economic and financial newsElon Musk says he regrets some of his posts about Trump: ‘They went too far’US-China trade talks: ‘framework’ deal amid dispute over rare earthsShares in Tesla are set to rally in New York later today, after Elon Musk attempted to patch up relations with Donald Trump.Tesla’s shares are up 2.5% in premarket trading at $334.28, as traders react to Musk’s expression of regret over his criticism of Trump last week. Continue reading...

Economics

33 h. ago Trump says U.S. trade deal with China is done, after tariff talks in London yield "framework deal"

Trump says U.S. trade deal with China is done, after tariff talks in London yield "framework deal"  CBS News

Economics

34 h. ago Trump declares deal with China is ‘done’, with agreement on rare earths and magnets – business live

Rolling coverage of the latest economic and financial newsElon Musk says he regrets some of his posts about Trump: ‘They went too far’US-China trade talks: ‘framework’ deal amid dispute over rare earthsShares in Tesla are set to rally in New York later today, after Elon Musk attempted to patch up relations with Donald Trump.Tesla’s shares are up 2.5% in premarket trading at $334.28, as traders react to Musk’s expression of regret over his criticism of Trump last week. Continue reading...

Economics

35 h. ago Tesla shares rise as Musk ‘regrets’ posts about Donald Trump; US

Rolling coverage of the latest economic and financial newsElon Musk says he regrets some of his posts about Trump: ‘They went too far’US-China trade talks: ‘framework’ deal amid dispute over rare earthsShares in Tesla are set to rally in New York later today, after Elon Musk attempted to patch up relations with Donald Trump.Tesla’s shares are up 2.5% in premarket trading at $334.28, as traders react to Musk’s expression of regret over his criticism of Trump last week. Continue reading...

Politics

35 h. ago Trump claims U.S. and China reached trade agreement after London talks

Trump claims U.S. and China reached trade agreement after London talks  CBS News

Politics

37 h. ago Business news live: FTSE 100 rises and Tesla poised to gain $25bn

Market reaction and business news ahead of the government’s spending review

Economics

38 h. ago Elon Musk says he ‘regrets’ some of his posts about Donald Trump; US

Rolling coverage of the latest economic and financial newsUS-China trade talks: ‘framework’ deal amid dispute over rare earthsShares in Tesla are set to rally in New York later today, after Elon Musk attempted to patch up relations with Donald Trump.Tesla’s shares are up 2.5% in premarket trading at $334.28, as traders react to Musk’s expression of regret over his criticism of Trump last week. Continue reading...

Politics