Ministers urged to seek tariff exemption for aircraft and engines May 2, 2025 Ministers have been urged to seek an exemption from US tariffs for civil aircraft and engine parts as the aerospace industry grapples with how to handle Donald Trump’s levies. ADS, which represents members of the UK’s aerospace supply chain, warned disruption to an already-under-pressure supply chain would impact aircraft deliveries in the coming months. Manufacturers [...]
Rolls-Royce eyes nearly £3bn profit despite tariffs May 1, 2025 Rolls-Royce said it is confident it will hit underlying profit of nearly £3bn in 2025, despite ongoing tariff uncertainty. The London-listed engineering giant on Thursday held a previously guided underlying profit range of between £2.7bn and £2.9bn. It is also looking at between £2.7bn and £2.9bn of free cash flow. In a statement to markets, [...]
Trump points finger at Biden as US stocks sink amid recession fears April 30, 2025 Donald Trump has lashed out at Joe Biden, insisting that his presidential predecessor was to blame after the US economy suffered its worst-performing quarter in three years. A slew of disappointing economic data sent US stocks sharply south on Wednesday as the clearest signs yet of the damage wreaked by the White House tariff agenda [...]
Little respite for carmakers despite Trump’s tariff rowback April 30, 2025 Donald Trump’s rowback on tariffs provides little respite for a global car industry already struggling to cope. Following intense lobbying from manufacturers, the mercurial US president on Tuesday introduced a set of relief measures for carmakers which enable them to pay less in import taxes for foreign parts. While the move will be welcomed by [...]
Melrose ‘confident’ in profit growth despite tariff hit April 30, 2025 Melrose said it has charted a course to “successfully mitigate” its direct exposure to US tariffs and was confident in delivering profit growth in 2025. The owner of GKN Aerospace said on Wednesday it had explored a number of measures to reduce the impact on segments of the group unable to make use of any [...]
Aston Martin limits US imports amid tariff uncertainty April 30, 2025 Aston Martin has begun limiting car imports to the US as it wrestles with the fallout from Donald Trump’s erratic tariff regime. The luxury carmaker was already forced to revised down sales targets slightly in April as Donald Trump’s liberation day announcement rocked global markets and sent shares in a string of carmakers spiralling. Chief [...]
Taxes and tariffs combine to ‘drag business sentiment’ April 30, 2025 The double whammy of Rachel Reeves’ taxes and Donald Trump’s tariffs have dragged confidence in business volumes to their lowest level in more than two years, fresh data has found, further clouding prospects for the British economy. The UK has already suffered from lacklustre growth over the last few years as real GDP only expanded [...]
Rolls-Royce’s FTSE 100 shares near complete recovery after tariffs shock April 25, 2025 Shares in FTSE 100 giant Rolls-Royce have surged to their highest value since US President Donald Trump shocked global markets with his trade tariffs. The Derby-headquartered group has seen a spike in its share price of almost two per cent in early trading on Friday morning, continuing a recovery which started on 7 April. The [...]
Nokia faces global tariff turbulence, but UK arm holds firm April 24, 2025 Nokia is bracing for disruption from renewed US trade tensions, with its new chief executive signalling a possible expansion of American manufacturing to soften the blow of potential tariffs. But while the Finnish firm’s global profits have taken a hit, its UK business has quietly bucked the trend – posting steady growth and highlighting the [...]
Argentex considers sale to IFX Payments after tariffs trigger cash squeeze April 23, 2025 Currency management company Argentex is in “advanced discussions” over an acquisition by IFX Payments after the firm faced a critical cash crunch amid President Donald Trump’s erratic tariff agenda. In a statement on Wednesday, Argentex said whilst discussions had progressed with IFX, no certainty had been reached. But, its board had “unequivocally rejected” an offer [...]