Defence stocks rally as John Healey appointed chancellor; UK borrows less than expected in June – business live

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Rolling coverage of the latest economic and financial news

And in case you missed it overnight: Donald Trump has said he will impose 50% tariffs on most Canadian goods in response to the country retaliating against previous US tariffs.

The tariffs will hit a wide range of products, the White House said, including wine, hockey sticks and cement. They also include goods previously protected from import taxes under the United States-Mexico-Canada (USMCA) agreement.

This is an important milestone for both organisations and an exciting opportunity to bring together two highly complementary businesses with a shared commitment to delivering the best outcomes for colleagues and customers.

Subject to completion, we would build a British facilities management group that is better positioned to support the organisations that keep the country running. Together, we can better support existing and new customers, help more people into work and strengthen our contribution to getting Britain moving.

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