Tag: firms
UK firms react: ‘A huge blow to Scotland’s whisky industry’
US President Donald Trump has unveiled a list of tariffs on countries across the world that send their products to America. The UK will be subject to 10% tariffs. We’ve spoken to firms which export to the US from England, Scotland, Wales and Northern Ireland about what they think the impact on their businesses will…
China criticises Hong Kong firm’s sale of majority stake in Panama ports
Commentary urged CK Hutchison to ‘think twice’ about ‘what position and side they are on’ in sale to US investors China has criticised the sale of the business that controls ports in Panama to US investors, saying the Hong Kong-based parent company should “think twice” and that the $22.8bn deal is “power politics” that is…
DeepSeek a wake-up call for US tech firms, Trump says
US President Donald Trump has called the rise of Chinese company DeepSeek “a wake-up call” for the US tech industry, after the emergence of its artificial intelligence (AI) model triggered shockwaves on Wall Street. Shares in major tech firms such as Nvidia fell sharply, with the chip giant losing almost $600bn (£482bn) in market value.…
M&S reports strong festive sales but says UK firms will take hit from tax rises
Sales at food halls rise 8.9% over Christmas, with 23 December its biggest ever day of food trading Marks & Spencer has hailed a “good Christmas” with strong sales of food but warned that British businesses face higher costs from the government’s tax increases. The UK retailer said sales at established food halls rose 8.9%,…
Confidence of firms hit by tax fears, says business group
Confidence among UK firms has “slumped” as they face a “pressure cooker of rising costs and taxes”, according to a business group. The British Chambers of Commerce (BCC) said its survey of more than 4,800 firms suggested confidence had fallen to its lowest level for two years. Nearly two-thirds told the BCC they were worried…
CNBC Daily Open: Holiday-thinned markets cheered by strong Wall Street finish
Large tech firms sprinkled holiday cheer on U.S. m Source: www.cnbc.com