Fed's Powell says that impact of tariffs on inflation could be 'more persistent'
4th Apr 2025 17:24
(Sharecast News) - The head of the US central bank sounded a slightly less 'dovish' note at the end of the week, but did not believe that there was any need to hurry and act.
Read moreLondon close: Stocks plummet on second day of Trump trade war
4th Apr 2025 16:09
(Sharecast News) - London markets suffered steep losses on Friday after China announced it would impose retaliatory tariffs of 34% on US imports, intensifying the ongoing trade conflict with Washington and rattling global investor sentiment.
Read moreLondon close: Stocks slide in global reaction to Trump tariffs
3rd Apr 2025 15:29
(Sharecast News) - London stocks closed sharply lower on Thursday as global markets reacted negatively to US president Donald Trump's unexpectedly aggressive global tariff policy announced overnight.
Read moreSunday newspaper round-up: Trump, Airbus, Tesla
30th Mar 2025 12:26
(Sharecast News) - Senior UK and EU diplomats advised the Prime Minister on Saturday to fight back against Donald Trump should he pursue harsh tariffs on British exports. British government officials in Washington and London were in the midst of trying to head-off US trade duties on key UK industries. In particular, there is concern regarding the threat to impose reciprocal 25% tariffs on countries that levy VAT on America's exports. - Guardian
Read moreSunday newspaper round-up: Ukraine, HSBC, Rolls-Royce
23rd Mar 2025 13:08
(Sharecast News) - Officials from Ukraine and the US are expected to sit down in Riyadh and talk about a possible partial ceasefire on Sunday. The meeting will be taking place sooner than expected and will precede another between delegations from the US and Russian on Monday. On Saturday, the American president said that efforts to stop an escalation in the war were "somewhat under control". For his part, Kremlin spokesman, Dmitry Peskov, said that: "We are only at the beginning of this path". "We are working for a ceasefire and a lasting peace [...] We won't have the terms of discussions or timing be played out in the media." - The Sunday Telegraph
Read moreBarclays to pay compensation over three-day IT outage
6th Mar 2025 12:20
(Sharecast News) - Barclays expects to pay out up to £7.5m in compensation, it emerged on Thursday, after an IT outage left customers without access to online banking for three days.
Read moreHSBC starts cutting jobs in London office - report
26th Feb 2025 10:05
(Sharecast News) - HSBC Holdings has started cutting jobs in London, it was reported on Wednesday, as the blue chip looks to wind down its investment banking offering outside of Asia.
Read moreCMA fines four major banks after traders share sensitive information
21st Feb 2025 09:11
(Sharecast News) - Four major banks had reached an agreement with the Competition and Markets Authority to pay combined fines of more than £104.0m after the watchdog found that traders had shared sensitive information with one another between 2009 and 2013.
Read moreLondon close: Stocks slip as UK inflation tops forecasts
19th Feb 2025 16:05
(Sharecast News) - London's financial markets experienced declines on Wednesday, influenced by an unexpected rise in UK inflation and underwhelming corporate earnings.
Read moreHSBC posts better-than-expected Q4 profit, plans $2bn of share buybacks
19th Feb 2025 06:51
(Sharecast News) - HSBC Holdings beat analysts' profit estimates and unveiled a fresh share buyback programme.
Read moreLondon close: Stocks finish lower amid US-Russia talks
18th Feb 2025 15:46
(Sharecast News) - London stocks closed lower on Tuesday, reversing earlier gains as investors digested the latest UK employment figures and monitored US-Russia peace talks.
Read moreLondon close: Stocks finish Friday in the red
14th Feb 2025 16:56
(Sharecast News) - London stocks ended the week lower on Friday as investors reacted to US president Dinald Trump's announcement of reciprocal tariffs, while weakness in NatWest added to the pressure after the lender's latest results failed to impress.
Read moreHSBC set to cut jobs at investment bank
14th Feb 2025 07:14
(Sharecast News) - Citing people familiar with the matter, Bloomberg reported that HSBC will initiate a fresh round of layoffs at its investment bank as early as Monday.
Read moreSunday newspaper round-up: Etihad float, Shein, Thames Water
9th Feb 2025 14:05
(Sharecast News) - Abu Dhabi based carrier Etihad is planning to float a stake of up to 20% on the Abu Dhabi Stock Exchange. Sources indicate that it could command a valuation of $5bn (£4bn). It would be the second such transaction for its boss, Antonoaldo Neves. In 2017, the former McKinsey partner floated Azul, Brazil's third-largest airline, on the New York Stock Exchange. For Neves, any airline that aspires to be "relevant" needs to tap into different sources of capital. Its goal is to fly 170 jets by 2030, up from 93 at present. - The Sunday Times
Read moreLondon close: Stocks join global rout on trade war fears
3rd Feb 2025 15:23
(Sharecast News) - London stocks fell sharply on Monday as concerns over a potential trade war weighed on investor sentiment.
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