Stephen Carroll

Rolls-Royce Holdings 5.9% higher after they announced that big new share buyback, £7-9 billion over the next year.

two years.

Schneider Electric up by 2.3% and WPP, which started its trading session actually higher, now down by 4.5% after announcing that new round of cost savings and the slash of its dividend.

Those are your markets.

I'm Stephen Carroll and this is Bloomberg.

And I'm Stephen Carroll.

The EU sees the latest US tariffs hitting 4.2 billion euros in exports with levies above what was agreed in the trade deal with the White House.

Bloomberg understands the bloc sees chemicals and agricultural products as a key area of concern.

US Trade Representative Jemison Greer told Bloomberg America will meet its side of the trade deal.

Greer added that President Donald Trump will sign a directive in the coming days raising his new global tariff to 15%.

The International Monetary Fund says the tariff uncertainty risks undercutting an otherwise buoyant US economy.

Some breaking earnings news this morning.

The carmaker Stellantis swung to a loss in the second half of last year after it scaled back an electric vehicle push.

The company behind brands including Chrysler, Citroën and Peugeot reported an adjusted loss of just under 1.4 billion euros for the six months.

That's after write-downs of over €25 billion last year linked to bets on electric vehicles that were destined to be unprofitable.

Stellantis has been slashing prices and volumes improved, led by North America where deliveries gained almost 40% to 825,000 vehicles.

Shares in Stellantis are down by more than 30% so far this year.

And the advertising firm WPP has slashed its dividend for this year.

The firm announcing a dividend per share of 7.5 pence per share, far lower than the previous year's 24.4 pence.

In its filings, the advertising agency says it plans half a billion pounds in cost savings to fund a major restructuring plan around AI.