Rolls-Royce has become the latest major UK-headquartered company to pull back from diversity, equity, and inclusion (DEI) initiatives, citing the need to comply with anti-DEI legislation in the United States — a move influenced by growing pressure from President Trump’s White House. The FTSE 100 aerospace and defence group, which employs 43,000 staff globally, has […]
Jaguar Land Rover (JLR) has resumed shipments of its vehicles to the United States after a near month-long suspension triggered by President Trump’s 25% tariffs on imported cars — a move that underscores the UK carmaker’s tough balancing act in the face of US protectionism. The first shipments since April 7 departed the UK on […]
Dame Mary Archer has been removed from her role as a non-executive board member of the Department for Energy Security and Net Zero (DESNZ), in a move that has triggered accusations of political bias and intolerance of dissent within Ed Miliband’s department. The 80-year-old energy expert and wife of Conservative peer Lord Archer was summoned […]
The UK’s financial regulator is exploring a ban on using credit cards to buy cryptocurrencies like bitcoin, as part of a wider crackdown on high-risk retail crypto investing. In a discussion paper published on Friday, the Financial Conduct Authority (FCA) warned that borrowing to invest in cryptoassets could lead consumers into unsustainable debt. The proposed […]
LVMH is cutting 10% of the workforce at its wine and spirits division, Moët Hennessy, as the group contends with slowing luxury demand, rising costs, and mounting global trade tensions. The job cuts, expected to affect around 1,200 staff, will reduce Moët Hennessy’s headcount to pre-pandemic levels, the Financial Times reported. In an internal briefing, […]
NatWest has reported a sharp rise in quarterly profits, delivering a boost to investors and taxpayers alike as the UK government prepares to fully exit its stake in the lender more than 15 years after its financial crisis bailout. The FTSE 100 bank, formerly Royal Bank of Scotland Group, said pre-tax profits rose 36% year-on-year […]
Fast-fashion giant Shein has quietly paused its plans for a high-profile flotation on the London Stock Exchange, following mounting geopolitical pressure from President Trump’s aggressive tariff regime and broader trade tensions with China. The Chinese-founded, Singapore-based retailer has ended contracts with UK corporate communications firms Brunswick and FGS Global, who had been advising on the […]
The UK’s leading manufacturing trade organisation, Made in Britain, has reported a 20% surge in membership applications in the wake of President Trump’s sweeping new tariffs on imported goods, as interest in “buying British” grows among businesses and consumers alike. In the month following the introduction of 10% tariffs on all imported goods from the […]
Tesla has initiated a search for a new CEO, marking a pivotal moment for the electric vehicle giant as it grapples with a sharp downturn in profits, declining sales, and growing backlash over Elon Musk’s controversial involvement in politics. The move follows weeks of investor unrest and a steep 71% drop in first-quarter profits, with […]
Business confidence in the UK has climbed to its highest level since before last autumn’s budget, buoyed by President Trump’s decision to delay the full implementation of his reciprocal tariff regime, according to the latest survey from the Institute of Directors (IoD). The organisation’s economic confidence index rose from -58 in March to -51 in […]