Gold surges to a record $3,120 per ounce as US tariffs and inflation fears drive demand. Analysts expect further gains amid geopolitical and fiscal uncertainty.
Category: News
The latest news affecting small and medium sized (SME) businesses in the UK
German firms could benefit from closer UK ties amid Trump’s trade tariffs
German alcohol producers and manufacturers with UK operations could benefit from Britain’s lower tariff rate under President Trump’s new US trade measures, says Blick Rothenberg.
US tariffs threaten to tip UK, Europe and Asia into recession, warn economists
President Trump’s sweeping US tariffs risk pushing the UK, EU, and major Asian economies into recession, as global growth forecasts are slashed and inflation projections rise.
Amazon makes shock last-minute bid to buy TikTok as US ban looms
Amazon has made a surprise bid to acquire TikTok amid a looming US ban, joining a growing list of tech giants eyeing the platform’s 170 million American users.
UK economic forecasts called into question as ONS data reliability falters
The reliability of UK economic forecasts is under scrutiny after the OBR and Bank of England raised concerns about flawed ONS data, prompting a government-commissioned review.
Elon Musk to scale back White House advisory role and refocus on business interests
Elon Musk is reportedly stepping back from his role advising US President Donald Trump, following concerns from White House insiders. He is expected to return focus to his businesses.
Gillian Anderson’s G spot energy drink lands in Sainsbury’s with female-first focus
Actress Gillian Anderson launches G Spot, a natural energy drink targeting women, now stocked in 370 Sainsbury’s stores. Backed by Heineken, the brand tackles energy with a wellness-first, female-led approach.
Nine in ten manufacturing SMEs report skills gaps heading into 2025
A new Skills Horizon report reveals 92% of UK manufacturing SMEs are facing skills gaps, with AI, digital skills, and entry-level recruitment key to bridging the divide.
UK’s biggest sandwich maker Greencore agrees deal to create £4bn convenience food giant
Greencore has reached a £1.2bn agreement in principle to acquire rival Bakkavor, aiming to create a £4bn convenience food giant. Deal includes cash, shares, and dividend payout.
25,000 UK car industry jobs under threat as US tariffs loom
Up to 25,000 UK car industry jobs are at risk as the US prepares to impose 25% tariffs on vehicle imports. Experts urge a shift to green manufacturing to counter the economic impact.
UK fines 10 carmakers and two trade bodies £77m over green advertising cartel
Ten carmakers and two trade bodies have been fined £77m by the UK’s CMA for colluding to limit green advertising competition, restricting consumer choice and breaching competition law
FCA says motor finance compensation ruling ‘goes too far’ as lenders face £44bn claims risk
The FCA warns a Court of Appeal ruling on motor finance commission disclosure risks legal overreach and financial instability, as the Supreme Court hears a case that could spark £44bn in compensation.
UK food inflation rises as early Easter spending boosts chocolate sales
UK food inflation climbed to 3.5% in March, driven by chocolate and confectionery prices as shoppers spent £134m on Easter treats. Lidl and Ocado gained market share, while Asda sales fell.
UK house prices rise 4% as buyers rush to beat stamp duty deadline
UK house prices rose 3.9% in March as buyers moved quickly to complete purchases ahead of April’s stamp duty changes, with London first-time buyers facing tax hikes of up to £6,250.
Virgin hails green light to challenge Eurostar as rail regulator opens door to Channel Tunnel competition
Virgin Group celebrates key breakthrough in bid to rival Eurostar as UK rail regulator confirms depot capacity for new Channel Tunnel operators, paving the way for a 2029 launch.
