
FTSE 100 Live: UK Stocks Poised to Join Rally After Trump Tariff Ruling
Auto Trader has given a relatively positive update, with revenue and profit growth, while it expects sales to strengthen in the second half of the financial year.
Overall it sees revenue growth of 5%-7% in the 2026 financial year. Stock levels are expected to improve through the year, though still be marginally down for 2026, after an acceleration in the speed of sale impacted the second half of 2025.
The car dealer said it sees overall new car registration volume growth due to a UK/US trade deal and the UK government's plan to soften the Zero Emission Vehicle mandate.
CEO Nathan Coe said:
'Despite broader macroeconomic uncertainties, the UK car market is in good health and we continue to deliver against our strategy to improve car buying and retailing.'
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
29 minutes ago
- Yahoo
Friday's jobs report could show how much US employers will bend before they break
Last June, after almost a full year on the job hunt, Jordan Williams landed a role at a high-growth, United Kingdom-based outdoor apparel brand that was looking to build out its US operations. Passenger Clothing was well-positioned for expansion: The company landed orders with REI, Scheels and others, and Williams, an outdoor industry veteran, was excited for the ride. Until April. 'Upon Liberation Day,' Williams said, nodding to the moniker President Donald Trump assigned to his blowout tariff announcement on April 2, 'I was liberated from employment.' Overnight, the US went from being Passenger's biggest potential growth driver to its biggest existential threat. For every $1 million of recycled fabrics, organic clothing and other products that landed in the US from countries such as India and China, Passenger was responsible for an additional $500,000 of duties, the company said in a mid-April statement announcing the pause of its US operations. Williams officially lost his job on April 11. Economists have warned early layoffs like Williams' could be the first signs of labor market fallout from Trump's steep (and shifting) tariffs, which have ramped up uncertainty testing the nimbleness of businesses of all sizes. Friday's jobs report will provide some hints as to how much US employers are able to bend before they break. 'The labor market is good, but it's not exceptional, and we're in the process of putting some real strain on the economy,' Claudia Sahm, New Century Advisors chief economist, told CNN in an interview. Economists expect that the May jobs report, slated for release Friday morning, could show the labor market is softening. The consensus forecast is for the economy to have added 130,000 jobs, slowing from a stronger-than-expected 177,000 gain in April, and for the unemployment rate to hold at 4.2% for the third consecutive month, according to FactSet estimates. The Labor Department's weekly jobless claims report has shown higher numbers of first-time claims last month as well as people who have remained on unemployment for multiple weeks. Continuing claims, which are filed by people who have received unemployment insurance for at least a week or more, continue to bump up against a three-and-a-half-year high. 'This is a market where there are stops and starts, and there are pullbacks in hiring,' Nela Richardson, chief economist for payroll giant ADP, said Wednesday 'With establishments, especially small establishments, when there's a lot of uncertainty — it doesn't mean that the demand isn't there but the timing may be off — and firms would rather wait and see than hire aggressively.' The hiring rate, the number of hires as a percentage of total employment, ticked higher in April to 3.5% but remains below pre-pandemic levels, according to Bureau of Labor Statistics data released earlier this week. And by ADP's count (which doesn't always correlate with the official jobs report) hiring dropped off precipitously in April and May, when the private sector gained 60,000 and 37,000 jobs, respectively. 'The weak numbers we're seeing now does not point to a labor market that's collapsing, but there is hiring hesitancy,' Richardson said Wednesday. 'It's like driving through fog for some of our firms here,' she added. Though the ripple effects from various Trump policies could take longer to show up in the data, the federal workforce reductions have already started appearing. The federal government posted job losses for three consecutive months, dropping 13,000 jobs in February, 4,000 in March and 9,000 in April, BLS data shows. More losses could be spread over many months to come: Not all federal workers were laid off immediately, and other actions are being challenged in court. Through May, announced job cuts are running significantly higher than in recent years; however, the lion's share of the cutbacks have come from the federal government. Department of Government Efficiency-related cost-cutting and its downstream effects have led to more than 294,000 announced job cuts, according to Challenger, Gray & Christmas data released Thursday. Another 131,257 announced cuts have been attributed to 'market/economic conditions,' while 2,097 have been directly tied to tariffs. 'Tariffs, funding cuts, consumer spending, and overall economic pessimism are putting intense pressure on companies' workforces,' Andrew Challenger, senior vice president of the outplacement and coaching firm, said in a statement. 'Companies are spending less, slowing hiring, and sending layoff notices.' DOGE's actions and economic uncertainty have driven job cut announcements significantly higher than last year: Through the first five months of the year, employers have announced 696,309 job cuts, an 80% increase from the comparable year-ago period, according to the Challenger report. Despite the increase in announcements, layoffs appear to be shrinking. In May, employers announced 93,816 job cuts, a decrease of 12% from April. Also, jobless claims (a proxy for layoffs) and the rate of layoffs and discharges remain below pre-pandemic levels, Labor Department data shows. Still, the impacts from tariffs might very well by a slow burn, economist Claudia Saum said. 'We are still early days,' she said.


Bloomberg
44 minutes ago
- Bloomberg
Microsoft CEO Says OpenAI Alliance Changing But Remains Strong
Takeaways NEW Microsoft Corp. Chief Executive Officer Satya Nadella said his company's crucial partnership with OpenAI is changing, but remains strong. 'Any company that has gone from being a research lab to one of the most successful product companies of this age — obviously things have to change for them and for us and in the context of the partnership,' Nadella said in an interview on the The Circuit with Emily Chang.
Yahoo
an hour ago
- Yahoo
Why Lucid Group Stock Stalled in May
Although investors were generally positive about the company's first-quarter performance, it remains deeply in the red. A important subsidy that's aided the EV industry might be cancelled very soon. 10 stocks we like better than Lucid Group › High-end electric vehicle (EV) maker Lucid Group's (NASDAQ: LCID) stock didn't notch any new highs in May. In fact, it ended up falling in the month, skidding to more than an 11% loss despite publishing a quarterly earnings report that cheered not a few investors. Yet Mr. Market was dismayed by other developments. At least Lucid kicked off the month on a high note. Less than a week into May it unveiled its first quarter figures, revealing that revenue accelerated to over $235 million for a year-over-year increase of 36%. In terms of operations, the company produced 2,212 vehicles during the period and delivered 3,109. The latter figure was a sturdy 58% higher than the comparable quarter of 2024. Alas, analysts tracking Lucid stock were expecting better; collectively, they were modeling a top line of slightly over $246 million. As for the bottom line, the earnings release served as a stark reminder that Lucid remains deep in the red. Net loss according to GAAP standards for the quarter was more than $366 million, which was at least well narrower than the almost $685 million deficit of first quarter 2024. The dynamic was similar on a non-GAAP, per share basis, with the company posting a $0.20 per share net loss against the year-ago period's $0.27. On another positive note, that $0.20 bettered the $0.23-per-share net loss analyst consensus -- one key reason for the positive investor reaction to the earnings report. The market was notably less happy about the potential for Lucid, and other EV makers, to get slammed by an abrupt change from on high. As the month went on there was increased discussion and debate about President Trump's "One, Big, Beautiful Bill" as it wound its way through Congress. A concerning section of the bill had to do with the proposed elimination of the government's EV tax credit of up to $7,500 for buying such a vehicle. It almost goes without saying that the tax credit has been a boon for the EV industry. Until recently, manufacturers were counting on it to last until its current expiration date of Dec. 31, 2031. Under Trump's bill, however, that would be changed to the far sooner Dec. 31, 2025. Lucid is significantly vulnerable to any slump in business arising from a potential EV tax credit expiration, because the company's habitual nine-figure losses are unsustainable, despite the $5.76 billion in liquidity the company boasted about holding at quarter-end. This is a business I'm personally pulling for, as its models are attractive and apparently high-quality enough to justify their prices; I also feel management is doing what it can to boost business and get those revenue streams flowing. There's an awful lot of red ink in the financial statements, however, and that makes me concerned for its future. Before you buy stock in Lucid Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Lucid Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $656,825!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $865,550!* Now, it's worth noting Stock Advisor's total average return is 994% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 2, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why Lucid Group Stock Stalled in May was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data