London shares broke a losing streak as the FTSE 100 index added 0.41% on Wednesday’s close as the UK government addressed US President Donald Trump’s imposition of 25% tariffs on global steel and aluminum imports.
“We are focused on a pragmatic approach and are rapidly negotiating a wider economic agreement with the US to eliminate additional tariffs and to benefit UK businesses and our economy,” UK Business and Trade Secretary Jonathan Reynolds said. “This Government is working with affected companies today, and I back industry’s application to the Trade Remedies Authority to investigate what further steps might be necessary to protect UK producers.”
In corporate news, Balfour Beatty BBY shares jumped 4.52% after the construction company held an optimistic sector outlook. Year over year, 2024 profit attributable to equity holders fell to 178 million pounds sterling from 197 million pounds, while revenue climbed to 8.23 billion…
