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The Latest Breaking News from Susannah Streeter

UK Economy Slows Less Than Feared After Tariffs

Britain's economy performed better than expected in the second quarter as it weathered the impact of US tariffs and a higher UK business tax, official data showed Thursday.

International Business Times

Claire’s to appoint administrator in UK and Ireland, putting 2,150 jobs at risk

Jewellery retailer takes decision a week after bankruptcy filings by parent company in US and Canada

The Guardian - UK

FTSE 100 hits record high as investors shrug off trade war concerns

Trader confidence that Trump will not act on tariff threat sends London Stock Exchange index to 8,979 points

The Guardian - UK

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World Chocolate Day: The EU is celebrating with sky-high prices

Prices in the cocoa market have dropped recently from record highs, but coupled with high energy costs, they have fuelled a double-digit increase in European retail prices compared to last year.

Euronews

If AstraZeneca goes to the US, it will be a major blow for London and Labour

Move would deprive LSE of its biggest star and could topple a key pillar of the government’s industrial strategy

The Guardian - UK

European stock markets opened higher despite escalating Israel-Iran conflict

The major European stock indexes opened slightly higher while oil prices stayed elevated due to the uncertainty around the Israel-Iran crisis.

Euronews

What is happening in the financial markets and what does it mean for me?

Here, the PA news agency looks at what the recent turmoil means for households whose finances may have been affected.

Evening Standard

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Exactly what is happening in the financial markets and what does it mean for me?

What do Trump’s tariffs mean for the average UK household? We take a look

The Independent UK

Savers and pension holders warned of risks of making ‘knee-jerk’ decisions

Investors may be trying to navigate market volatility following the US president’s unveiling of tariffs on countries.

Evening Standard

Trump’s tariffs to be ‘devastating’ for UK firms, business groups warn

Experts also warned of more turbulence in the financial markets as investors react to the sweeping measures affecting global trade

Evening Standard

‘Devastating’: Business groups warn Trump tariffs will deal major blow to UK firms

Experts also warned of more turbulence in the financial markets as investors react to the sweeping measures affecting global trade

The Independent UK

Primark Boss Resigns After Inappropriate Behaviour Allegation

Primark chief executive Paul Marchant has resigned following a company investigation into his behaviour toward a woman "in a social environment", the budget fashion chain's owner Associated British Foods (ABF) announced Monday.

International Business Times

Bitcoin price falls by 17.5% in biggest monthly loss since 2022

Cryptocurrency slipped into technical bear market, before Donald Trump talked up plans for Crypto Strategic Reserve

The Guardian - UK

WH Smith UK high street sales fall as stores put on the market

Revenues rise at travel arm, where retailer has shops at transport hubs and hospitals across 32 countries

The Guardian - UK

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The Guardian - UK

Parcels of land: is the Czech Sphinx gazing at Royal Mail’s property assets?

Daniel Křetínský could be hoping to develop or sell off the company’s portfolio of about 1,800 sites

Evening Standard

FTSE 100 falls as markets tread water ahead of interest rate decisions

The Bank of England and the US Federal Reserve will make calls on interest rates later in the week.

Evening Standard

Canal+ launches shares on London market in major boost for City

The company fetched a valuation of about £2.6 billion when its shares began trading on Monday morning.

Evening Standard

Warhammer maker earns place in FTSE 100 while Frasers drops off top index

The latest reshuffle of the London Stock Exchange has seen Nottingham-based Games Workshop join the UK’s biggest share index.

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The Guardian - UK

Watch out for the Weirdboyz: Games Workshop on track for FTSE 100

UK miniature wargames maker’s shares have risen by 43% since the start of 2024

Evening Standard

HSBC announces overhaul with bank split into East and West

The bank said it is simplifying operations by splitting into four key units, and geographically into East and West.

International Business Times

End Of The Party? Tupperware Files For Bankruptcy

Tupperware Brands and some of its subsidiaries have filed for Chapter 11 bankruptcy protection and are seeking a buyer, the food container firm said, after years of dwindling sales.

International Business Times UK

Should I Invest in Defence Stocks? UK Gov Say They Align With ESG After Rishi Steps up Military Spending

The growing need to protect ships, submarines, and aircraft may see stocks like BAE Systems and Rolls-Royce benefit from higher demand for military equipment.

The Guardian - UK

FTSE 100 hits record closing high amid hopes of interest rate cuts

UK’s blue-chip index ended trading at 8,023, its highest close ever, as pound falls against dollar

Kiplinger

Stock Market Today: Bitcoin, Boeing Shine as Stocks Slip

Digital World Acquisition sizzled, too, ahead of tomorrow's merger with Trump Media & Technology Group.

Kiplinger

Stock Market Today: Stocks Fall as Bitcoin Booms

While the main indexes retreated ahead of tomorrow's inflation data, Bitcoin hit its highest level in two years.

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