Ashley Armstrong
Business Editor at The Sun
Business Editor, The Sun. Former Retail and M&A Editor at The Times & The Telegraph. Read @TheSun on app & online. Get in touch: [email protected]
Articles
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6 days ago |
thesun.co.uk | Ashley Armstrong
GROCERY chain Sainsbury's yesterday entered the growing supermarket war by announcing it will invest £1billion to improve its pricing. It was responding to a similar vow from rival Tesco this month, while Asda said in March it would slash prices in a bid to turn around its fortunes. Sainsbury’s reported that profits rose by 7.2 per cent to £1.03billion for the year. Grocery sales grew by 4.5 per cent, while sales at its Argos arm slipped by 2.7 per cent to £4.9billion.
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1 week ago |
thesun.co.uk | Ashley Armstrong
BRITISH firm Bunzl saw its shares slump by more than a quarter yesterday — losing £2billion — after it issued a profit warning and abandoned its share buyback. It comes amid raised fears for the company over the effects of US President Donald Trump’s trade tariffs on UK businesses. The firm, which distributes everyday essentials like disposable coffee cups to cafés and food wrap to supermarkets, warned of weakness in North America — its largest market.
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1 week ago |
thesun.co.uk | Ashley Armstrong
ENERGY watchdog Ofgem is slashing red tape to allow new wind and solar farms to connect to the electricity grid faster. Projects that can be up and running by 2030 will be fast-tracked in a bid to help the Government hit its clean power targets. Ofgem said the changes should benefit “houses, hospitals, electric vehicle charging stations, data centres and the emerging AI sector”.
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1 week ago |
thesun.co.uk | Ashley Armstrong
STOCK markets bounced back yesterday — with the FTSE closing up more than two per cent and back above the 8000 mark. Birmingham-based defence outfit Melrose Industries led the UK blue-chip share charge, rising more than 5.5 per cent. Barclays Bank climbed five per cent, with other finance companies and retailers also doing well. Global markets rebounded after US President Donald Trump said he was exempting smartphones and other electronics from sky-high tariffs.
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1 week ago |
thesun.co.uk | Ashley Armstrong
THE White House last night said Donald Trump was “optimistic” of striking a deal with China. Yet just hours earlier, Beijing had mocked his tariff tactics as a “joke”. The tit-for-tat trade war saw China hike the levies on US goods from 84 per cent to 125 per cent yesterday as it hit back at the US President’s rates of 145 per cent on Chinese goods. President Xi Jinping branded Trump’s tactics “unilateral acts of bullying”.
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RT @kateferguson4: NEW - Schedule for emergency recall of Parliament tomorrow to debate British Steel. 11am - Commons sits Noon - Lords s…
Happy Friday indeed..don’t they know it’s rosé weather? https://t.co/7wOqGQ5zIv
“It’s become a joke” China’s ministry says of Trump’s tariff war. That’s the thing - the toddler style tit for tat would be funny if it wasn’t so damaging. The memes and Trump factory vids are very good though