UK's Rolls-Royce and Melrose rise on 'breakthrough' trade deal with US
ReutersMay 8, 2025 4:41 PM
Shares of UK's Rolls-Royce RR.L up 3.7% at 794p; aerospace components supplier Melrose MRON.L also up 5.2% at 470.70p
Melrose top pct gainer and RR among top pct gainers on on FTSE 100 Index .FTSE
U.S. President Donald Trump and British Prime Minister Keir Starmer reached a "breakthrough deal" on trade
Deal maintains a 10% tariff on goods imported from the UK that has agreed to lower its tariff rate to 1.8% from 5.1% and give more access to U.S. goods
Deal's details not disclosed completely, but seems favorable for UK's key exports such as cars and aerospace engines, prompting rise in stock prices for Rolls Royce and Melrose, says Lindsay James, investment strategist at Quilter
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