Sam Unsted

London

Editor, Markets Today at Bloomberg News

Markets Today for @bloomberguk. Views own, RTs not endorsements. South London evangelist. Has knowledge of many things, expertise in very few

Articles

FTSE 100 Live: UK Stocks Poised for Fourth Day of Gains

2 days ago | bloomberg.com | Sam Unsted

US President Donald Trump signed an order to double steel and aluminum tariffs to 50% , a move he cast as a necessary step to protect national security The statement on the order said the previous levy “had not yet enabled” industries in the UK "“to develop and maintain the rates of capacity production utilization that are necessary for the industries’ sustained health and for projected national defense needs.” Tariffs on UK steel and aluminum imports will stay at 25% for now, the White House...
FTSE 100 Live: UK Stocks Set to Edge Higher, Pound Slips

3 days ago | bloomberg.com | Sam Unsted

Watch for any impact in UK stocks -- particularly miners -- of some weak manufacturing data from China, with the sector last month registering its worst slump since September 2022 . The private Caixin survey saw a surprise contraction for May, falling below the 50 mark that separates expansion and contraction. The reading of 48.3 missed every estimate in a Bloomberg survey.
FTSE 100 Set to Outperform as Trade Worries Rattle Markets

4 days ago | bloomberg.com | Sam Unsted

That means the yearly growth rate was stronger than anticipated too, at 3.5% versus the 2.8% predicted.
FTSE 100 Live: UK Stocks Set to Rise, Pound Slips Back Below $1.35

1 week ago | bloomberg.com | Sam Unsted

President Donald Trump got a reprieve from a ruling that threatened to block the majority of his tariff plans. It means that the tariffs announced will stay in place for now. The US Court of Appeals for the Federal Circuit temporarily blocked the ruling that deemed the global tariffs announced by the administration illegal. Officials celebrated the ruling and stressed they do have other options to pursue similar tariff through other methods should the appeals process ultimately fall short.
FTSE 100 Live: UK Stocks Poised to Join Rally After Trump Tariff Ruling

1 week ago | bloomberg.com | Sam Unsted

And also helping the mood, particularly the 2% rise in Nasdaq 100 futures, are the encouraging results from chipmaker and AI poster child Nvidia.
FTSE 100 Live: Pound Slides Below $1.35, UK Stocks to Consolidate Rally

1 week ago | bloomberg.com | Sam Unsted

British American Tobacco has increased the amount of shares in Indian group ITC it is selling to around $1.5 billion . BAT has sold about a 2.5% stake in the company, slightly more than the 2.3% initially planned, Julia Fioretti, Dave Sebastian and Baiju Kalesh report. The UK-listed group is using the proceeds from the sale to buy back another £200 million in shares, increasing its total for 2025 to £1.1 billion.
AA Owners Lining Up Banks to Lead Sale or Listing, Sky Reports

1 week ago | news.bloombergtax.com | Sam Unsted

The owners of UK breakdown recovery service AA Ltd are seeking banks to lead a sale or listing of the business next year, Sky News reported on Saturday. JPMorgan Chase & Co. and Rothschild & Co. are the top contenders to be appointed for a review of the business, which may be valued at more than £4 billion ($5.4 billion), according to the report. Any form of deal is not imminent and is unlikely to take place for at least 12 months, Sky said.
AA Owners Lining Up Banks to Lead Sale or Listing, Sky Reports

1 week ago | bloomberg.com | Sam Unsted

Vans used by AA Mobile Mechanics outside the AA office in Birmingham. (Bloomberg) -- The owners of UK breakdown recovery service AA Ltd are seeking banks to lead a sale or listing of the business next year, Sky News reported on Saturday. JPMorgan Chase & Co. and Rothschild & Co. are the top contenders to be appointed for a review of the business, which may be valued at more than £4 billion ($5.4 billion), according to the report.
UK Officials Probe Russian Involvement in Starmer Fires, FT Says

1 week ago | bloomberg.com | Sam Unsted

A view of the entrance of a property linked to Keir Starmer after a suspected arson attack. (Bloomberg) -- UK security officials are probing if Russia could be involved in three arson attacks related to Prime Minister Keir Starmer, according to the Financial Times. Two Ukrainian and one Romanian man have been charged with conspiracy to commit arson with intent to endanger life, the Metropolitan Police said this month.
FTSE 100 Live: Pound Extends Above $1.34 Ahead of Retail Sales Data

2 weeks ago | bloomberg.com | Sam Unsted

The retail sales data for April is expected to show some weaker monthly growth compared to March, despite a series of positive updates from companies in the sector. Economists expect monthly growth of 0.1% in sales excluding fuel for April, compared to 0.5% in March. Including fuel, monthly growth is seen at 0.3% compared to 0.4% in the prior report. The yearly rates of growth are seen bouncing, however, owing to the Easter holidays falling in April this year instead of March the prior year.