Business news live: Tesla shares sink after Elon Musk warning and Keir Starmer to sign new £6bn trade deal

The FTSE 100 is up 0.45 per cent this morning, a sharp rise carried along with most of Europe’s stock markets.

That’ll be in part because the US-EU trade deal appears close now with a 15 per cent base tariff.

In the UK companies index, several financial firms are doing well today including Barclays and HSBC, but Lloyds have dropped after this morning raising the interim dividend.

The Libor scandal 10 years ago saw Tom Hayes being found guilty and sentenced to 14 years. As his conviction is quashed, Chris Blackhurst looks at how he was made an example of for a much bigger problem, where most got off scot-free.

The FTSE 100 closed at 9,061 points yesterday, continuing a fabulous run in 2025.

Today it looks set to continue that path to begin with, given some positive noises out of a few businesses in this morning’s earnings call and news of a new trade deal which should bring billions of investment into the country.

We’ll touch on those businesses individually in a moment but Vodafone and BT are two in the spotlight – plus we’ll delve into the noise from the other side of the Atlantic last night after Tesla and Alphabet earnings.

Good morning and welcome to The Independent’s live business news coverage. Today we’ve got trade deal news for both the UK and the EU on the horizon, a look at earnings for the likes of Tesla and Alphabet, jobs vacancy data for the UK and plenty more.