After a recent surge to as much as $80 a barrel, the price of Brent Crude Oil dropped back around 5 per cent on initial news of a ceasefire between Israel and Iran. Escalating Middle East tensions had seen markets concerned over the prospect of a wider war breaking out and the Strait of Hormuz being closed, which would in turn restrict flow and send oil prices even higher. That remains a prospect however, after a furious Donald Trump claimed neither side knew “what the f*** they are doing” after both appeared to breach the ceasefire.
Stock markets around Europe were down, including the FTSE 100, though defence firms were among those soaring after Nato confirmed a spending plan. Overnight, US and Asian stocks rose, while investors may remain cautious domestically after a Bank of England interest rate setter laid out fears over inflation.
Follow The Independent’s live coverage of the latest stock market and business news here:
Business news LIVE - Monday 23 June
- UK job market cooling with pay growth now below inflation
- Bank of England governor concern over tariffs and inflation amid interest rate cut questions
- Oil prices price on Wednesday following 5% drop on ceasefire news
- Defence firm Babcock soars more than 11%
- Tesla sales fall in Europe again
- Dating app Bumble to cull 30% of workforce - shares rise 15%
- US stocks flat on opening but FTSE and European shares fall
Business news live
16:37 , Karl MatchettThe FTSE 100 closes not far off 0.5 per cent in the red, while Germany’s DAX was even beyond that at 0.6pc.
Meanwhile, the S&P 500 is almost totally flat a couple of hours into trading - though who knows what lies ahead this evening at this point.
That’s it for our coverage today, we’ll be back tomorrow at 7am for more. Thanks as always, see you then.
Oil prices drop sharply following announcement of Iran-Israel ceasefire
Tuesday 24 June 2025 10:29 , Karl MatchettThe announcement of a ceasefire between Israel and Iran, which Donald Trump said “is now in effect”, has resulted in an immediate pullback in oil prices.
Brent Crude Oil, seen as a global benchmark of prices, has dropped 4.95 per cent, sitting back under $68 a barrel having been $77-78 for much of Monday and as high as high as $80 over the weekend.
The drop back to March price levels is a notable falloff, not just in actual price but in fears of further escalation, with some analysts estimating this week that oil prices could have soared beyond $100 in the event of Iran partially or temporarily closing off the Strait of Hormuz.
Oil prices drop sharply following announcement of Iran-Israel ceasefire
Grocery prices rise again to 4.7% more expensive than a year ago
Tuesday 24 June 2025 11:02 , Josie Clarke - PAGrocery prices are now 4.7% more expensive than a year ago as supermarket inflation hit its highest level since last March, figures show.
The figure is up from 4.1% last month, which was a rise from 3.8% in April, according to data from analysts Kantar.
Price rises did not stop British consumers from making 490 million trips to the supermarket over the last month, averaging almost 17 per household and the highest recorded by Kantar since March 2020.
The increase in visits saw take-home grocery sales over the four weeks to June 15 grow by 4.1% compared with the same period last year.
However, the rise in the frequency of visits was balanced out by a drop in average amount spent per trip, which fell by 3p to £23.89.
Fraser McKevitt, head of retail and consumer insight at Kantar, said: “Supermarkets and grocery brands are entering new territory as weight loss drugs become more popular, with four in 100 households in Great Britain now including at least one GLP-1 user.
“That’s almost twice as many as last year, so while it’s still pretty low, it’s definitely a trend that the industry should keep an eye on as these drugs have the potential to steer choices at the till.
“Four in five of the users we surveyed say they plan to eat fewer chocolates and crisps, and nearly three quarters intend to cut back on biscuits.”
Meanwhile, consumer concerns over price are continuing, with sales of own label ranges growing 4.2% this month ahead of branded lines as shoppers looked to balance their budgets.
Oil industry group Offshore Energies UK (OEUK) chief executive David Whitehouse has said businesses are happy to see the de-escalation of tensions in the Middle East and pointed to lowering prices as a positive.
Speaking on BBC’s Good Morning Scotland radio show, Mr Whitehouse said: “Events in the Middle East are of global significance.
“There’s a real human element to that, there’s many people from Scotland working in the Middle East because of our domestic oil and gas sector.
“A volatile situation – I think people have been pleased to hear the news overnight of a ceasefire.
“It’s true the Strait of Hormuz carry approximately 20% of the world’s oil and gas supplies, and disruption there would be significant.
“But oil prices have actually remained relatively stable and we’ve seen a reduction overnight.”
Airlines rise highest with FTSE 100 up 0.25 per cent
Tuesday 24 June 2025 11:46 , Karl MatchettA quarter of a percent rise for the main index so far today, while the smaller companies are slightly better off.
AIM is 0.34 per cent to the good, the FTSE 100 is 0.25 per cent and the FTSE 250 at 0.84 per cent in the green.
Among the highest risers of the top tier firms remain the airlines, with Easyjet leading the way with a 6.28 per cent climb.
BA owner IAG is next, 5.31 per cent up, while JD Sports, Barclays and Anglo American are all more than 3 per cent up today.
Endeavour Mining is the only FTSE 100 company down 3 per cent or more other than BP, which is still 4.5 per cent down.
Shares halted ahead of major bank takeover decision in Spain
Tuesday 24 June 2025 11:55 , Karl MatchettSpanish banks Sabadell and BBVA have had their shares suspended from dealing, ahead of a decision over a hostile takeover.
BBVA announced in May the intent to complete a bid for its smaller rival.
The process is standard ahead of a decision by Spanish government over whether to impose conditions on the takeover bid.
Bank of England interest rate-setter underlines uncertainty on future cuts
Tuesday 24 June 2025 12:06 , Karl MatchettBank of England interest rate-setter Megan Greene, who voted to hold at 4.25 per cent last week, has detailed her unease at the economic situation facing the UK - and doesn’t expect the muddy waters to clear soon.
Speaking at the National Institute of Economic and Social Research, Ms Greene pointed to the surprising inflation levels in food prices and said it’s an “uncomfortable” period in the balancing act.
“I worry about the near-term profile for inflation this year, which in my view now resembles more of a ‘plateau’ than a ‘hump’,” Ms Greene said.
“I continue to think the risks remain two-sided but skewed to the downside on growth and to the upside on inflation.
“This is an uncomfortable place to be for a central banker.”
On a wider lens, Ms Greene also pointed out the geopolitical factors which are impacting or could impact on UK inflation.
“On the global front, there are a number of key events playing out between now and our next meeting, including the deadline for the pause on so-called ‘reciprocal tariffs’ from the US, the potential passage of a budget in the US and the unfolding of events in the Middle East,” she said.
“It’s unlikely that the uncertainty from these events – and subsequent developments – will be resolved any time soon.”
Nasdaq and S&P 500 ready to rally despite ceasefire uncertainty
Tuesday 24 June 2025 12:22 , Karl MatchettAhead of the US markets opening later this afternoon, the main indices are up.
It’s the Nasdaq which leads the way, 0.93 per cent in the green although a little lower than earlier morning, reflecting the drop-off we’ve seen since Israel’s claim that the ceasefire was broken.
The S&P 500 is set to open 0.74 per cent up, with the Dow 0.67 per cent in the green.
Spectris set for £3.8bn buyout to go private
Tuesday 24 June 2025 12:40 , Karl MatchettYesterday we saw Spectris rise 15 per cent as the FTSE 250 firm agreed a deal to take it private for £3.8bn.
It’s up 0.5 per cent again this morning, with the share price now just over £38.
Lidl recalls air fryer over potential ‘fire hazard’
Tuesday 24 June 2025 12:57 , Karl MatchettLidl has launched an urgent recall for a popular air fryer, warning that it could be a “fire hazard”.
The discount supermarket chain has shared a recall notice for the Tower eight litre dual basket air fryer, which it had sold in its stores.
It said all stock with the T17129L product code has been affected but stressed that no other Tower products sold in Lidl GB stores have been impacted.
Tower is recalling the products “due to risk of overheating”, the retailer said.
More details here.
Car makers want government to increase energy bill discounts
Tuesday 24 June 2025 13:16 , Karl MatchettGovernment measures to ease industrial electricity costs should go further to help end the “structural disadvantage” faced by UK automotive companies, a representative body said.
The Society of Motor Manufacturers and Traders (SMMT) called for the proposed relief on standing charges included in the Industrial Strategy published on Monday – which will apply to battery manufacturing – to be extended to automotive manufacturing.
It stated that UK automotive manufacturers pay more for electricity than anywhere else in Europe, and in excess of double the average.
This is partly because of energy taxes which are six times higher and added more than £200 million to manufacturers’ bills last year, the SMMT said.
Car makers call for planned easing of electricity costs to go further
Trump says Iran and Israel ‘don’t know what the f*** they’re doing’ after ceasefire broken
Tuesday 24 June 2025 13:27 , Karl MatchettUS president Donald Trump has hit out at both Iran and Israel over seemingly immediately breaking the brokered ceasefire. We can probably expect further developments here over the course of the day - and the knock-on effects on oil and the stock markets.
Joe Sommerlad reports:
President Donald Trump has raged at Israel and Iran after the “complete and total” ceasefire he announced on Monday evening immediately broke down with the two sides accusing each other of violations, claiming that neither side “knows what the f*** they’re doing.”
The president made the remark as he spoke to reporters on the South Lawn of the White House en route to his Marine One helicopter.
“Iran violated it but Israel violated it too. Israel, as soon as we made the deal, they came out and they dropped a load of bombs the likes of which I’ve never seen before. The biggest load that we’ve seen,” he said, visibly angry.
“I’m not happy with Israel. You know, when I say ‘OK, you have 12 hours,’ you don’t go out in the first hour and just drop everything you have on them. So I’m not happy with them. I’m not happy with Iran either.”
Trump says Iran and Israel ‘don’t know what the f*** they’re doing’ over ceasefire
SoftBank consider building $1tn AI complex
Tuesday 24 June 2025 13:45 , Karl MatchettJapanese investment giants SoftBank have put forward plans to build a $1tn AI and robotics complex in the US, reports the FT.
Plans would look at bringing high tech manufacturing at scale and could include a free-trade zone and involvement with chipmaker TSMC.
Nothing is yet confirmed and the size could eventually vary, the report suggests.
Thousands of jobs to be created at Amazon’s new UK warehouses
07:07 , Karl MatchettAmazon is set to create thousands of new jobs across the UK as part of a substantial £40 billion investment over the next three years, signalling a major expansion of its logistics network.
The technology giant confirmed that a new fulfilment centre in Hull will open this year, generating some 2,000 roles.
Another 2,000 jobs are earmarked for a site in Northampton, scheduled to open in 2026.
Beyond these confirmed locations, Amazon also announced plans for two additional warehouses in the East Midlands, slated for a 2027 opening.
Thousands of jobs to be created at Amazon’s new UK warehouses
Scheme to give heating engineers free heat pumps ‘boosts confidence’ in the tech
07:19 , Emily Beament, PAA trial giving heating engineers a free heat pump for their own homes is to be rolled out to thousands of people after it boosted professional support for the tech.
The “start at home” pilot by innovation agency Nesta to support heating engineers to install their first heat pump in their home found it boosted their technical knowledge, understanding of living with the technology, and confidence in promoting them to customers.
Experts warn large-scale deployment of clean electric-powered heat pumps is key to replacing the widespread use of gas boilers in homes to reduce carbon emissions as part of targets to cut greenhouse gases to “net zero” by 2050.
That means installing round 450,000 heat pumps in existing homes a year by 2030, requiring 38,000 more installers trained and confident to install heat pumps before then, Nesta said.
But while the number of heating engineers and plumbers who are training as heat pump installers is on the rise, that is not translating into a large active workforce focused on the technology, a report by Nesta warned.
Asian stocks follow US markets in rise overnight
07:43 , Karl MatchettA quick look back at the overnight stock markets:
In the US, the S&P 500 ended 1.1 per cent up, with the Nasdaq reaching 1.43 per cent for the day.
That was followed by positivity around Asia, where each of the Shanghai Composite, Hang Seng and Nikkei 225 are all up approaching the close. Only the latter has had a rise of less than 1 per cent.
Jobs survey points to cooling market with pay below inflation
07:57 , Karl MatchettA survey of the labour market in the UK suggests slowing pay growth and a fall in job vacancies, particularly for graduate-level roles.
Reuters cite data from Brightmine and jobs firm Indeed as showing pay growth has now dropped to 3 per cent in the private sector across March, April and May - below the current rate of inflation, which stands at 3.4 per cent.
Roughly one in seven businesses gave raises of below 2.5 per cent.
Meanwhile, job vacancies were down 5 per cent by mid-June compared to the end of March.
Hospitality, tourism and food service jobs saw the biggest decrease in job posts.
Another key Bank of England figure explains difficulty of interest rate cuts
08:14 , Karl MatchettBank of England governor Andrew Bailey has explained world events and constant changes to the geopolitical landscape make it all but impossible to predict where the UK’s economy is headed - and even interest rate decisions are tough to predict one BoE meeting ahead due to the pace of changes at present.
“Focusing on the tariff issue… it is very unpredictable where this is all going to end up,” he told MPs.
“We are coming towards the end of the 90-day period that President Trump set out for reaching agreements. We’ve had one agreement so far which is with the UK – it obviously isn’t implemented yet – and that is it at the moment.
“So quite where this is going to go, we don’t know at this stage.
“When I’m thinking about my decision on interest rates, because of the sheer unpredictability it’s not that I’m ignoring the world – anything but.
“But I’m not putting that high a weight on it because, frankly, it is so unpredictable at the moment that, as we saw in the last 24 hours, it can easily change overnight.”
FTSE 100 rises after opening
08:30 , Karl MatchettThe FTSE 100 has opened up, just 0.17 per cent in the green but up nonetheless.
Meanwhile the FTSE 250 is up around the same level, while the AIM is down around 0.15 per cent.
In Europe it’s a similar story early on - small rises in France, Germany and on the Euronext.
MPs warned over unpaid £1.9bn covid loans
08:45 , Karl MatchettThe Department for Business and Trade (DBT) has estimated that losses over fraud for covid loans could be up to £1.9bn, amid criticism over lenders not recouping money.
It stems from the bounce back scheme which allowed businesses to take up to £50,000 quicker and easier than usual.
More details here.
What do the markets know about the Israel-Iran conflict that we don’t?
09:00 , Karl MatchettIf you want to know what is going to happen in the Israel-Iran conflict, follow the markets. Yesterday, the oil price rose a little bit, but not much, and everywhere else in the City and on Wall Street, there was a relative sense of relaxation. As the rest of us were worrying about escalation, there was a curious calm from those who you might assume would have been panicking the most.
Today, following news of the Iran-Israel ceasefire, oil and gas prices fell. Then, when it appeared as though the truce might not last, they climbed again. The movements were not huge – certainly not of the magnitude we might expect with the outbreak of war in the Middle East, the world’s prime energy supplier.
Certainly, they are not embarking on the traditional rollercoaster, soaring and plunging on every development as they have done in past crises. So, what did the traders and their analysts know that we didn’t?
Chris Blackhurst explains all:
What do the markets know about the Israel-Iran conflict that we don’t?
Halfords profits increase to £38m despite cost pressures
09:20 , Karl MatchettHalfords reported stronger than expected profits for last year, rising more than 6 per cent to £38.4m.
However, the company also cautioned against inflation and said it needed to make savings of around £35m to offset rising costs including rising labour expenses.
Chris Beauchamp, chief market analyst at IG said:
“Halfords has become the latest retailer to issue a cautious update on the outlook for consumer spending, which comes despite its steady expansion into the higher-margin car servicing business. The rise in earnings for the autocentre division suggests the new CEO appointment is bearing fruit. Overall today’s numbers seem to provide the justification for the recent share price bounce to the current eighteen-month highs.”
Tesla sales in Europe drop 28% as EV sales continue to rise
09:39 , Karl MatchettTesla is once more seeing evidence of brand damage across Europe, with data showing EV sales remain on the rise - but the American carmaker’s sales plummeted once more.
A drop of 28 per cent sales for the region year on year to May has been reported, while vehicle registrations for battery EVs for the region grew by 27 per cent.
Increasing competition from European and Asian EV makers, as well as Tesla’s older model lineup, likely contributed to the falling share of the market.
Investors 'risk on' again as FTSE 100 rises 0.2%
10:00 , Karl MatchettThere hasn’t been any additional evidence of escalating tensions between Israel and Iran over the last 12 hours or so and that appears to have put investors in the mood to buy once more.
“Markets were risk-on following the Middle East truce,” says Russ Mould, investment director at AJ Bell.
“Miners, oil producers and airlines were in demand on the UK stock market, helping to drive the FTSE 100 0.2% higher. There was a clear rotation as investors moved away from more defensive-style stocks such as utilities, tobacco and consumer staples.”
Oil prices back on the rise - but slowly
10:33 , Karl MatchettWith the Israel-Iran ceasefire still looking a fragile one, the price of Brent Crude Oil has risen again on Wednesday.
It’s not a sharp rise such as the movement we saw over the weekend (up) or yesterday after the ceasefire announcement (down), but it still shows the uncertainty in the region.
Brent is up 0.9 per cent today, but it was as much as 1.8pc up just a few hours ago.
“Oil prices remain volatile with Brent crude heading slightly higher on the speculation about hostilities breaking out again. It’s gaining strength from industry data indicating supplies are tighter in the market,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown.
Brent is currently trading at $66.76.
Government face backlash over inheritance tax plans
10:46 , Karl MatchettThe government is facing backlash over inheritance tax (IHT) plans, with a massive 94 per cent of advisers saying plans to tax pensions upon death from 2027 would result in added costs, administration nightmares and potential marginal tax rates of 64 per cent.
Rachel Vahey, head of public policy at AJ Bell, said:
“Advisers strongly oppose the government’s plan to impose IHT on pensions on death. Nearly all advisers asked (94%) do not believe the government’s current intended taxing of unused pension funds on death to be the right course of action, echoing the industry-wide concerns expressed since Rachel Reeves announced the plans in her Autumn Budget last October.
“Our research shows advisers agree that the current proposals are unworkable and have the potential to wreak havoc in the industry, instead showing their support to put in place simpler, less catastrophic solutions such as charging income tax on inherited pensions or levying a flat tax charge on unused pension funds.”
Babcock hails ‘new era of defence’ as global threats prompt greater spending
11:01 , Karl MatchettDefence giant Babcock International has hailed a “new era for defence” with rising global threats prompting governments around the world to strengthen spending, especially on the burgeoning nuclear sector.
Shares in the London-listed company surged after it reported higher profits and raised its financial outlook.
It generated an operating profit of £364 million in the year to the end of March, 51% higher than the previous year.
Revenues grew by 11% to £4.8 billion, with particularly strong growth in the nuclear and marine sectors.
It also said it was now expecting to meet its target underlying operating margin in the next financial year – one year earlier than it previously thought.
Anna Wise, at PA, reports.
Babcock hails ‘new era of defence’ as global threats prompt greater spending
Tritax Big Box agrees rival REIT buyout for £485m
11:19 , Karl MatchettWarehouse REIT have announced a recommendation to accept a takeover bid by London Stock Exchange-listed Tritax Big Box, for £485m - just weeks after having originally planned to be bought by a US private equity firm for £470m.
REITs (Real Estate Investment Trusts) are businesses which essentially own property to generate income through leasing them out. Many operate in specific sectors or geographical areas.
Tritax Big Box is a £3.7bn market cap REIT on the LSE. Its shares have dropped 1.6 per cent today but are up more than 11 per cent across 2025.
THG returns to sales growth as Myprotein bulks up shelves in global stores
11:44 , Karl MatchettCult Beauty and Myprotein operator THG has said sales returned to growth in recent months as it brought its products to a growing number of stores around the world.
Shares in the Manchester-based firm leapt higher after it said its nutrition business was growing at the fastest rate in more than three years.
It told investors that revenue growth for the division – which also includes Myprotein’s clothing arm, and Myvitamins – was expected to be between 5% and 7% for the second quarter.
Full story from PA:
THG returns to sales growth as Myprotein bulks up shelves in global stores
FTSE 100 risers and fallers: Defence firm sees 11% rise
12:25 , Karl MatchettTime for our usual midday check on the best and worst of the day for the FTSE 100 so far - the index itself is pretty much flat again, down 0.04 per cent for the day.
Biggest risers:
- Babcock International +11.9 per cent
- Experian +2.04pc
- Rolls Royce +1.85pc
- Fresnillo +1.7pc
- Halma +1.46pc
Biggest fallers:
- WPP -2.61pc
- Easyjet -1.89pc
- 3i Group -1.64pc
- NatWest -1.57pc
- Pearson -1.51pc
Babcock's 11% share price gain explained
12:36 , Karl MatchettDefence firm Babcock’s outsized gain today is as a result of a few things: Earlier on they reported increased profit, gave better guidance on the profit they expect to earn in future and announced a first-ever share buyback programme.
Share buybacks are when firms use their cash to do exactly that: purchase their own shares, usually as they believe they are undervalued and thus represent a good way to earn a return on that money.
It also returns value to other shareholders, as fewer outstanding shares means a higher Earnings Per Share (EPS) value - a key metric for financial reporting which in turn can see the share price lift.
Three phone network down
12:47 , Karl MatchettThree’s telephone network is down in the UK, as well as those smaller operators such as Smarty, which utilise the Three network.
The outage appears to be affecting calls rather than data at this stage.
Three completed a merger with Vodafone recently but it is not yet apparent whether this is any connection.
Thousands of jobs coming to UK through new Amazon expansion
13:03 , Karl MatchettAmazon is set to create thousands of new jobs across the UK as part of a substantial £40 billion investment over the next three years, signalling a major expansion of its logistics network.
The technology giant confirmed that a new fulfilment centre in Hull will open this year, generating some 2,000 roles.
Another 2,000 jobs are earmarked for a site in Northampton, scheduled to open in 2026.
Beyond these confirmed locations, Amazon also announced plans for two additional warehouses in the East Midlands, slated for a 2027 opening.
Tesla sales plummet despite surge in drivers buying electric cars
13:30 , Karl MatchettTesla has seen its sales in Europe plummet once more despite an overall rise in the sale of electric vehicles.
Elon Musk’s firm has now suffered falling sales across the EU and UK region for five straight months, with a 27.9 per cent drop year-on-year to May. Electric car sales rose 27.2 per cent during the same period.
Factors including rising competition, a lack of new models and potentially the ongoing anti-Musk protests all play a part in the fall-off for Tesla.
It means Tesla’s market share across Europe is now just 1.2 per cent, following 193,000-plus EV registrations completed across the 12 months.
Tesla sales plummet despite surge in drivers buying electric cars
One in four parents happy to pay a fine to take children on term-time holidays
14:13 , Karl MatchettAlmost a quarter of parents say they would be happy to take their children out of school for a term-time holiday - despite being fined to do so.
Research by Opinium shows 23 per cent of parents would take the hit of a financial penalty, with almost two in five (18 per cent) saying the difference in prices of holidays in and out of term time makes paying the fine worthwhile.
Earlier this year, research from Confused.com showed parents had collectively paid a massive £41m in fines for taking pupils out of school during term time over the past three years. Local councils can fine each parent £80 per child, which rises to £160 if not paid within 21 days. Subsequent absences can result in larger fines and parents being taken to court.
The new data shows 16 per cent of parents say they anticipate taking their children out of school during the current summer term to save on costs, meaning around two million parents could be fined.
Bumble to lay off 240 jobs globally
14:24 , Karl MatchettDating app Bumble is to lay off 30 per cent of its global workforce, equivalent to around 240 jobs.
Costs of $13-18m related to doing so will result in savings of $40m annually, the firm said, while they also raised their revenue forecasts for the second quarter.
Shares are set to open 15 per cent higher when US markets start shortly as a result of the news.
FTSE falls and US stocks flat on opening
14:52 , Karl MatchettShares have fallen in the afternoon across the UK benchmark, with the FTSE 100 now down more than 0.4 per cent for the day.
While the 250 is faring slightly better, only down 0.11 per cent, it looks set to be a cautious trading session overall as US stocks have opened almost flat.
The S&P 500 is up only 0.12 per cent, the Dow is down by the same margin and the Nasdaq is up 0.45 per cent.
Across Europe, main markets in Germany, France and Spain are all down, with the Euro Stoxx 50 index down more than 0.5 per cent.
EU promising tariff retaliation to US 10% baseline
15:04 , Karl MatchettThe European Union has insisted it will reply in kind if the US maintains it planned 10 per cent baseline tariff.
Two weeks ahead of President Trump’s deadline for arranging deals, the UK remains the only notable trade deal having been completed and the EU says it will apply similar fees if necessary.
“We will need to retaliate and rebalance in some key sectors if the US insists on an asymmetrical deal,” the EU’s industry chief, Stephane Sejourne, told Bloomberg.
Nvidia shares rise as world's most valuable firm seeks new record high
15:28 , Karl MatchettNvidia shares have gone up 2.5 per cent after market opening - taking them well past the $150 milestone.
The record closing price for Nvidia shares is $149.43, set in early January.
After the Deepseek AI reveal and Trump tariffs sent most AI or tech stocks lower, Nvidia was trading at under $95 in April - marking a 60 per cent upturn since then.
As Tesla’s sales continue to slump, is it time for Elon Musk to step aside?
15:57 , Karl Matchettesla is starting to look like an EV which has run out of charge in the middle of a motorway. Help! Call the AA!
Elon Musk’s electric vehicle maker has reported its fifth consecutive monthly decline in sales across Europe, per ACEA, the European Automobile Manufacturers Association.
This comes at a time when the trade body’s figures show EVs are on the charge (sorry, couldn’t resist the pun) across the EU, with new registrations rising by more than a quarter (26.1 per cent) year to date and a still robust 25 per cent in May. Including the UK and other non-EU nations, Europe-wide sales of battery-powered vehicles rose by 27.2 per cent in May and 27.8 per cent year to date.
Slumping sales in a rising market? Not a good look.
James Moore asks if it’s time for the Tesla chief to step aside:
As Tesla’s sales continue to slump, is it time for Elon Musk to step aside?
