Senior: FTSE 250 aerospace and defence group bags new contracts May 20, 2025 Senior shares edged up on Tuesday after it unveiled £168m worth of new contracts that will stretch into the 2030s. Shares in the FTSE 250 firm have soared nearly 40 per cent over the last month despite the threat of Donald Trump’s tariffs on the wider aerospace industry. The stock edged up nearly two per [...]
Smiths Group: Shares jumps as demerger on track May 20, 2025 British engineering firm Smiths Group posted a boost to revenue in the third quarter as it progressed on demerger plans. The group’s revenue jumped 10.6 per cent on the back of “strong performance and momentum in the order book”. Shares in the group rose over two per cent to 2,100p during early trading on Tuesday. [...]
Splitting the G: Is Diageo gearing up to sell off Guinness? May 19, 2025 Drinks giant Diageo has announced a huge cost-savings programme which may see it shed brands and jobs. In an update to markets this morning, the Guinness and Johnnie Walker owner said it planned to save $500m (£373m) over the next three years through “appropriate and selective disposals” as well as tighter capital discipline and organic [...]
Guinness maker Diageo to offset US tariffs with cost cuts May 19, 2025 London’s biggest drinks business, Diageo, has unveiled a $500m (£375m) cost-cutting programme as it struggles with the impact of US tariffs. Guinness and Johnnie Walker maker Diageo said it would make the cost savings over the course of three years, but did not confirm how many jobs would be impacted by the move. The firm [...]
Trump tells Walmart to ‘eat the tariffs’ instead of raising prices May 17, 2025 US president Donald Trump said on Saturday that Walmart should “eat the tariffs” instead of blaming duties imposed by his administration on imported goods for the retailer’s increased prices. His comments were in response to the world’s largest retailer saying this week it would have to start raising prices later this month due to high tariffs. “Walmart [...]
Allianz investment boss: US in ‘sentiment recession’ May 15, 2025 The US is currently going through a “sentiment recession,” as economic indicators fail to match the increasingly sour outlook from American consumers and businesses, a boss at Allianz’s investment arm has argued. Hard economic data in the country has so far managed to hold up despite significant uncertainty, as companies frontloaded buying inventory in advance [...]
Week in Business: Small glass of champagne for Reeves? May 15, 2025 There was some welcome economic growth in Q1 but it's in the rear view mirror; is there any on the horizon?
Barclays: Shares in FTSE 100 giant near decade high after upgrade May 13, 2025 Barclays has received a major boost after the FTSE banking giant posted a bumper first quarter, driven by a strong performance in its investment arm. Analysts at RBC have upgraded Barclays’ shares, slapping a 340p target price on the stock – a 14 per cent increase. Shares edged up 0.2 per cent during early trading [...]
Free Thinking: Can Trump’s trade deal turn the UK economy around? May 12, 2025 In this week’s edition of Free Thinking, CityAM Opinion and Features Editor Alys Denby ask if Donald Trump’s free trade deal is the answer to Britain’s economic woes or a political gesture that leaves us worse off?
HSBC and Standard Charted shares surge as trade war cools May 12, 2025 Shares in banking giants HSBC and Standard Chartered surged on Monday morning as the trade tensions between the US and China appeared to cool. HSBC jumped nearly four per cent, taking its gains for the month to over 14 per cent. Standard Chartered soared over seven per cent, with monthly gains topping 17 per cent. [...]