FTSE 100 Hits Fresh Record as Vodafone Lifts Dividend; UK Jobs Data Fuels Bets on a December BoE Rate Cut (11 November 2025)

London’s blue‑chip index set another intraday high today after softer UK labour‑market data strengthened the case for a pre‑Christmas interest‑rate cut. Vodafone led the rally with its first dividend increase since 2018. The Standard

Bank of England · Dividends · LSE:VOD · Stock Market · UK Economy
North Sea Oil Giant Petrofac’s Shocking Collapse Puts 2,000 Jobs at Risk

North Sea Oil Giant Petrofac’s Shocking Collapse Puts 2,000 Jobs at Risk

Petrofac, a leading services provider to the oil, gas and renewable energy industry, filed for administration on 27 October 2025, after last-ditch restructuring talks fell apartireland-live.ie. The company confirmed it has applied to court to appoint administrators, effectively admitting it cannot meet its obligations without protection from creditorsireland-live.ie. Petrofac stressed that the insolvency filing affects only its top holding entity – all operating subsidiaries will continue to trade while “alternative options” are exploredireland-live.iereuters.com. In an announcement, the firm said administrators will work with management to “preserve value, operational capability and ongoing delivery” across Petrofac’s projectsnews.sky.com.
27 October 2025
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EU’s 50% Steel Tariff Shocker Spurs “Existential” UK Crisis Amid Market Rally

EU’s 50% Steel Tariff Shocker Spurs “Existential” UK Crisis Amid Market Rally

In a dramatic trade salvo, the European Commission announced plans on Oct 7 to impose a 50% tariff on steel imports exceeding reduced quota levelstheguardian.comtheguardian.com. This effectively doubles the current 25% duty that had been in place – a jump Brussels openly frames as matching the tough U.S. “Trump tariffs” on steeltheguardian.com. Under the proposal, the EU’s existing safeguard quotas would be slashed by 47% to about 18.3 million tonnes annually, a volume last seen in 2013theguardian.com. Any imports above that modest quota would face the hefty 50% tariff – “a high price akin to U.S. President Donald Trump’s steel measures,” as the Associated Press notedapnews.comapnews.com.
8 October 2025
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