Today’s business news – in the UK and beyond amid concerns about the world’s largest economy and the fall in the Asian, US and UK markets.
CITY AM says fears over the health of the City’s stock market have been laid bare after trading platform IG became the latest firm to sound the alarm over the “crisis unfolding” on the London bourse.
The FT leads with an image of the Nato leaders in The Hague. The leaders have pledged to meet Trump’s demand for more spending on defence.
In May, Chinese exports to the UK surged by 16.1% compared with the previous year, marking the highest monthly level since February 2022.
Oil prices surged to their highest in five months, Brent crude briefly topped $81 a barrel, after the US joined Israel in striking key Iranian nuclear facilities at Fordow, Natanz, and Isfahan.
FIRMS WARN ON JOB CUTS AS TAXES BITE City AM says high wage growth persisted in the three months to February, official data has shown, but a rapid drop in payrolled employment pointed to concerning trends in the labour market. Annual growth in average weekly earnings excluding bonuses hit 5.9…
