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Trump to slap 25% tariffs on all US vehicle, parts imports as trade war escalates
US President Donald Trump escalated his global trade war overnight, announcing plans to impose swingeing 25% tariffs on all vehicle imports and parts only days before levies on other goods take effect.
ITM Power chosen for Tees Green Hydrogen Project engineering package
ITM Power announced on Thursday that it has been chosen by EDF Renewables UK and Hynamics, a subsidiary of EDF Group, to deliver an engineering integration package for phase one of the Tees Green Hydrogen project in northeast England.
Canaccord Genuity initiates coverage on Microlise at 'buy'
Analysts at Canaccord Genuity initiated coverage on transportation and logistics industry software provider Microlise at 'buy' on Thursday, stating the group was "ready to hit the accelerator".
Franchise Brands confident after solid year
Franchise Brands reported robust final results for the year ended 31 December on Thursday, with record system sales and improved profitability amid a challenging macroeconomic environment.
UK car production falls for 12th straight month in February
UK car production fell for a 12th consecutive month in February, according to the Society for Motor Manufacturers and Traders, which also said Rachel Reeves' Spring statement did nothing to alleviate the pressure on manufacturers.
Norway leaves rates unchanged after inflation picks up
Norway’s central bank kept interest rates at a 17-year high on Thursday, as widely expected, following an uptick in inflation.
Somero Enterprises appoints new chief executive officer
Somero Enterprises announced the appointment of Tim Averkamp as its new chief executive officer on Thursday, effective 1 April, following a comprehensive selection process.
Robinson makes 'strong progress' in FY24
Packaging business Robinson said on Thursday that it had made "strong progress" in FY24.
Playtech B2B unit hits medium-term targets in 'landmark year'
Software developer Playtech said on Thursday that its business-to-business unit had hit medium-term targets ahead of schedule in what it branded a "landmark year".
H&M posts weaker-than-expected Q1 sales
Swedish fashion retailer H&M reported weaker-than-expected first quarter sales amid continuing sluggish demand for its clothing range and increased discounting.
Asia report: Markets mixed as Trump announces 25pc auto tariffs
Asia-Pacific markets ended mixed on Thursday as investors reacted to fresh US tariffs on auto imports, announced by president Donald Trump on Wednesday.
ADVFN to delist from AIM
ADVFN said on Thursday that it was planning to delist from AIM and go private.
James Latham set to end year in line with expectations
James Latham said in an update on Thursday that it expects revenue and profit before tax for the year ending 31 March to be in line with market expectations, supported by stable cost pricing and slightly higher volumes.
Seeing Machines reports reduced expenses, higher gross profit
Seeing Machines reported a significant reduction in operating expenses and a strengthened financial position in its half-year results on Thursday, positioning it to reach a cash flow break-even run rate in 2025.
M&C Saatchi upbeat after 'strong' year
Advertising agency M&C Saatchi posted a jump in annual earnings on Thursday, and said it was on track to meet market expectations for the current year.
Naked Wines outlines new strategic plan, shares surge
Naked Wines surged on Thursday as investors welcomed the company’s new strategic plan to deliver "significant cash, distributions, and sustainable profitable growth".
CLS Holdings agrees to sell Spring Mews student block
CLS Holdings announced on Thursday that it has agreed to sell its student accommodation asset at Spring Mews in Vauxhall, London, for £101. 1m in cash to a joint venture between Rosethorn Capital Partners and Barings.
Enquest swings to post-tax profit in FY24 despite revenue drop
North Sea-focussed exploration and production firm Enquest said on Thursday that it had swung to a post-tax profit in FY24 despite reporting a drop in both production and revenues.
Europe open: Auto stocks battered as Trump imposes 25% tariffs
European shares slumped at the open on Thursday as US President Donald Trump said he would hit all car and related parts imports with 25% tariffs from April 2.
Capricorn Energy optimistic after 'pivotal' year
Capricorn Energy said on Thursday that 2024 had been a "pivotal" year for the oil and gas producer, with crucial negotiations with the Egyptian authorities on track to conclude in the coming months.