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Trump hits Canada, Mexico and China with tariffs – amid fears US consumers could suffer
Donald Trump has placed 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China.The move, that came into effect on Saturday, raises fears of price increases for US consumers as the US president suggested he would try to blunt the impact on oil imports. He has been threatening the tariffs …
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Sky News
Microsoft and Google chiefs in £295m deal for London Spirit Hundred
A group of technology billionaires including the bosses of Google and Microsoft have triumphed in an auction of the Lords-based London Spirit team in a deal which will set a record benchmark for the sale of a sporting franchise.Sky News can exclusively reveal that the consortium led by Nikesh Arora, the chief executive of Palo …
Business
Sky News
Another UK stock market record broken
The UK’s benchmark stock index has reached another all-time high, in a month of record breaking.The FTSE 100 index of most valuable companies on the London Stock Exchange closed at 8,666.65, breaking the record set on Thursday night after four consecutive days of rises. January has been the best month in more than two years …
Business
Sky News
AstraZeneca scraps £450m vaccine plant after Labour funding cut
AstraZeneca has cancelled plans for a £450m vaccine manufacturing plant in Liverpool, blaming a cut in funding from government.The investment, announced last year in the Tories’ spring budget, was dependent on a “mutual agreement” with the Treasury and third parties, it was said at the time. It will no longer go ahead because Labour ministers …
Business
Sky News
Trump’s changed tack to focus tariffs on Mexico and Canada – why?
We all know Donald Trump loves a tariff. Not long ago he said it was his favourite word in the English language.But one thing that might perplex people somewhat is why he is quite so keen on imposing tariffs on Mexico and Canada. After all, in his first term, his main focus when it came …
Business
Sky News
Electric cargo bike firm Zedify crashes into administration
An electric cargo bike logistics company that received backing from an arm of Barclays has crashed into administration after failing to land new funding, triggering the loss of more than 100 jobs.Sky News understands that Outspoken Logistics Limited, which trades as Zedify, has parachuted in Interpath to handle its insolvency. It comes after an accelerated …
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Business Live
Rate of Welsh business confidence has declined shows new Lloyds research
Business confidence in Wales fell five points in January to 21% according to new research from Lloyds Bank. Its business barometer data shows Welsh companies reporting lower confidence in their own business prospects month-on-month, down three points at 34%. When taken alongside their optimism in the economy, down seven points to 8%, this gives a …
Business
Business Live
Smiths Group to be broken up as FTSE 100 giant ditches big chunk of business
Smiths Group has revealed its intention to offload a significant portion of its business, responding to investor demands for a substantial overhaul. The FTSE 100 engineering conglomerate announced on Friday plans to divest Smiths Interconnect and separate Smiths Detection through a demerger or sale, as reported by City AM. Smiths explained that this move would …
Business
Business Live
Jaguar Land Rover pre-tax profit reverses by £100m despite sales rise
Jaguar Land Rover (JLR) has reported a pre-tax profit drop of over £100m in its latest quarter, despite an increase in sales. The automotive behemoth posted a pre-tax profit of £523m for the final three months of 2024, a decrease from the £627m reported during the same period in 2023, as reported by City AM. …
Business
Sky News
Microsoft hit as AI spending in sharp focus after DeepSeek market shock
Shares in Microsoft have fallen sharply after investment spending came in higher than expected in its latest results, released just days after the DeepSeek market shock for tech stocks.The company, which has received reprimands from shareholders previously over AI-related bills, had already let it be known it expected to spend $80bn this year ahead of …
Business
Sky News
Ryanair chief threatens airline will bring more lawsuits against unruly customers
The chief executive of Europe’s largest airline has put customers on notice it will prosecute disruptive passengers as between two and three flights a week are diverted due to poor behaviour on Ryanair flights.Ryanair boss Michael O’Leary told Sky News: “If passengers continue disrupting our flights, we will sue you for the cost of those …
Business
Sky News
Water bills in England and Wales to rise by average of £10 per month
The average annual water bill will rise by 26% or £123 in the next financial year alone, according to industry figures covering England and Wales.Water UK confirmed how inflation-busting hikes, determined by the regulator Ofwat in December, would play out from 1 April when a new five-year pricing period begins. The watchdog allowed bills to …

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