Daily business briefing in under two minutes - April 3 - video Dailymotion

Watch Daily business briefing in under two minutes - April 3 - Insider Media on Dailymotion

Transcript

00:00Hello and welcome to the latest Business Bulletin on Thursday the 3rd of April.

00:05Business groups have warned that Donald Trump's tariffs will have a devastating impact on

00:09UK firms who are already grappling with sluggish growth.

00:13Experts also cautioned of more turbulence in the financial markets as investors reacted

00:17to the sweeping measures affecting global trade.

00:19The US President confirmed a 10% tariff was being imposed on US imports of UK goods.

00:25A 25% import tax has been confirmed for steel, aluminium and cars.

00:31Meanwhile the Prime Minister is set to speak to business leaders today, while the Trade

00:34Secretary will look to calm markets.

00:36Jonathan Reynolds is addressing MPs over Trump's declaration of economic independence.

00:41This morning he's admitted the tariffs are a disappointment and a challenge.

00:46In other news, Primary Health Properties has made a cash and share proposal to the board

00:50of healthcare investment business Asura, which is also the subject of a £1.6 billion

00:55takeover proposal from a private equity consortium.

00:58The PHP proposal values Asura at £1.5 billion.

01:03Tesla revealed yesterday that sales plunged to their lowest for almost three years at

01:07the beginning of this year.

01:08The electric car manufacturer saw sales tumble 13% over the first quarter.

01:13It comes amid international criticism of boss Elon Musk, the redesign of its key model and

01:18poor demand in China.

01:20Retailer Curry's has reported that four-year profits are expected to be above previous

01:25guidance.

01:26Trading has been robust, with continued positive like-for-like sales growth in the UK and Ireland

01:30and the Nordics.

01:32With less than five weeks of the financial year remaining, group-adjusted profit before

01:35tax is now expected to be around £160 million.