This morning’s update from FOUR makes no bones about the volatile trading environment which it has witnessed in the first four months of the year; and beyond this the likely impact of tariffs, even at reduced levels, on the supply chain and on product costs, amid an environment of heightened unpredictability. All of this said, however, the company continued to perform relatively robustly in the first four months of the year. While order intake continued to be slightly down (-2%) on the prior per ....