Trump

Nike posts lowest sales in years as it warns of $1bn tariff hit

Nike has seen fourth quarter revenues fall by 11% to $11.1bn (£8.08bn), its lowest sales figure since Q3 in 2022,…

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US trade court blocks Trump’s tariff changes

The US Court of International Trade has deemed Donald Trump’s tariff changes “illegal”, which could see the president’s controversial global…

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UK economy grows by more than expected 0.7% in Q1

The UK economy performed better than expected in the first quarter of the year, with GDP growing by 0.7% between…

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Why is Rachel Reeves reviewing the Low Value Import Scheme?

The global economy is currently experiencing turbulent times as a result of Donald Trump’s trade war. Currys CEO Alex Baldock,…

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UK agrees trade deal with US but 10% tariff remains

The UK and the US have reached a “first-of-a-kind” trade agreement, under which the US will slash tariffs on UK…

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Pandora lowers profit guidance amid tariff fears

Pandora has revealed that it has lowered its EBIT margin guidance for the full year to “around 24%”, down from…

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Today’s news in brief-28/4/25

Mohsin Issa, co-founder of EG Group, has stepped down as CEO but will retain a significant minority stake and remain…

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Shein rises prices by up to 377% for US consumers ahead of tariffs

Fast fashion retailer Shein has increased its prices by up to 377% on certain products in the US in response…

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Today’s news in brief-24/4/25

Chancellor Rachel Reeves is reviewing the Low Value Import scheme, which allows goods under £135 to enter the UK tariff-free,…

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Trumps trade war rocks consumer confidence, BRC finds

Consumer expectations in the UK dropped significantly to -48 in April, down from -35 in March, according to the latest…

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