In this report, we take a look across our research coverage to see which companies are likely to be most impacted by US tariffs, and those which should come through relatively unscathed. The immediate reaction of the market to tariff threat has been to sell companies that are seen as exposed to international trade and global growth such as the Asian Banks (eg HSBC and Standard Chartered) and Mining companies (excluding Gold and Copper), and to take refuge in domestic plays such as utilities, foo ....
04 Apr 2025
US Tariffs - impact on Cavendish research universe
1Spatial Plc (SPA:LON), 48.0 | 4basebio PLC (4BB:LON), 1,070 | 4imprint Group plc (FOUR:LON), 3,410 | 88 Energy Limited (88E:LON), 1.2 | Afentra PLC (AET:LON), 48.1 | Allergy Therapeutics plc (AGY:LON), 7.0 | Alumasc Group plc (ALU:LON), 380 | Amcomri Group Plc (AMCO:LON), 90.0 | Antipa Minerals Limited (AZY:ASX), 0 | Arcontech Group PLC (ARC:LON), 85.0 | ASA International Group PLC (ASAI:LON), 144 | Audioboom Group PLC (BOOM:LON), 392 | Avingtrans plc (AVG:LON), 409 | Backblaze, Inc. Class A (BLZE:NAS), 0 | Bigblu Broadband plc (BBB:LON), 23.0 | Billington Holdings Plc (BILN:LON), 415 | Bioventix Plc (BVXP:LON), 2,725 | Brave Bison Group Plc (BBSN:LON), 2.8 | Brickability Group PLC (BRCK:LON), 69.2 | Caledonia Mining Corporation PLC (CMCL:LON), 1,425 | Calnex Solutions Plc (CLX:LON), 50.0 | Cambridge Nutritional Sciences PLC (CNSL:LON), 3.2 | Carr's Group PLC (CARR:LON), 150 | Celebrus Technologies PLC (CLBS:LON), 158 | Cerillion Plc (CER:LON), 1,565 | Chariot Limited (CHAR:LON), 1.4 | Concurrent Technologies Plc (CNC:LON), 203 | Cora Gold Ltd. (CORA:LON), 7.1 | Cordel Group PLC (CRDL:LON), 6.8 | Costain Group PLC (COST:LON), 129 | Creo Medical Group Plc (CREO:LON), 14.1 | Crimson Tide Plc (TIDE:LON), 65.0 | discoverIE Group PLC (DSCV:LON), 675 | Diversified Energy Company PLC (DEC:LON), 1,032 | DotDigital Group PLC (DOTD:LON), 78.6 | Duke Capital Limited (DUKE:LON), 29.5 | Ebiquity Plc (EBQ:LON), 24.0 | Eden Research plc (EDEN:LON), 3.7 | Elixirr International Plc (ELIX:LON), 725 | Engage XR Holdings PLC (EXR:LON), 1.0 | Everyman Media Group PLC (EMAN:LON), 41.0 | Facilities by ADF PLC (ADF:LON), 15.0 | Fadel Partners, Inc. (FADL:LON), 76.2 | Falcon Oil & Gas Ltd. (FOG:LON), 6.5 | Filtronic plc (FTC:LON), 148 | Fonix plc (FNX:LON), 215 | Frenkel Topping Group plc (FEN:LON), 48.0 | FRP Advisory Group Plc (FRP:LON), 124 | Galliford Try Holdings PLC (GFRD:LON), 410 | GENinCode PLC (GENI:LON), 2.2 | GetBusy Plc (GETB:LON), 50.0 | Golden Prospect Precious Metals Limited (GPM:LON), 59.0 | Gooch & Housego PLC (GHH:LON), 586 | Hardide plc (HDD:LON), 8.2 | Hargreaves Services plc (HSP:LON), 666 | Hartshead Resources NL (HHR:ASX), 0 | Haydale Graphene Industries Plc (HAYD:LON), 0.2 | Hercules plc (HERC:LON), 47.5 | Hollywood Bowl Group Plc (BOWL:LON), 254 | HUTCHMED (China) Limited (HCM:LON), 262 | hVIVO plc (HVO:LON), 11.4 | Ilika plc (IKA:LON), 35.0 | Ingenta plc (ING:LON), 64.0 | Intercede Group plc (IGP:LON), 169 | iomart Group plc (IOM:LON), 28.7 | IXICO Plc (IXI:LON), 12.2 | Jersey Oil & Gas PLC (JOG:LON), 136 | Journeo plc (JNEO:LON), 344 | K3 Business Technology Group PLC (KBT:LON), 91.5 | Kier Group plc (KIE:LON), 177 | Kitwave Group PLC (KITW:LON), 320 | KRM22 Plc (KRM:LON), 35.0 | Kromek Group Plc (KMK:LON), 6.0 | Lion Finance Group PLC (BGEO:LON), 6,775 | Litigation Capital Management Ltd (LIT:LON), 48.2 | Lords Group Trading PLC (LORD:LON), 43.0 | LPA Group Plc (LPA:LON), 51.0 | M.P. Evans Group PLC (MPE:LON), 1,020 | Maintel Holdings Plc (MAI:LON), 200 | Marlowe Plc (MRL:LON), 444 | Mercantile Ports & Logistics Limited (MPL:LON), 1.0 | Michelmersh Brick Holdings PLC (MBH:LON), 114 | Mothercare plc (MTC:LON), 2.7 | Nanoco Group PLC (NANO:LON), 10.5 | NextEnergy Solar Fund Ltd (NESF:LON), 70.6 | Norcros plc (NXR:LON), 266 | Ocean Harvest Technology Group Plc (OHT:LON), 1.0 | One Media iP Group PLC (OMIP:LON), 3.8 | OPG Power Ventures Plc (OPG:LON), 5.4 | Parkmead Group PLC (PMG:LON), 15.2 | PCI-PAL PLC (PCIP:LON), 53.0 | Pebble Beach Systems Group PLC (PEB:LON), 9.5 | Pennant International Group plc (PEN:LON), 31.0 | Plexus Holdings (POS:LON), 7.2 | Poolbeg Pharma PLC (POLB:LON), 3.4 | Pulsar Group PLC (PULS:LON), 40.5 | Quartix Technologies PLC (QTX:LON), 245 | RC Fornax plc (RCFX:LON), 50.0 | Reabold Resources plc (RBD:LON), 0.0 | Redcentric Plc (RCN:LON), 127 | Renold plc (RNO:LON), 75.9 | Restore PLC (RST:LON), 258 | Revolution Beauty Group plc (REVB:LON), 7.7 | Robinson plc (RBN:LON), 125 | RUA Life Sciences Plc (RUA:LON), 11.8 | Savannah Energy Plc (SAVE:LON), 7.5 | SDI Group plc (SDI:LON), 84.0 | Seascape Energy Asia PLC (SEA:LON), 36.5 | Shearwater Group plc (SWG:LON), 44.0 | SkinBioTherapeutics Plc (SBTX:LON), 17.6 | Smarttech247 Group PLC (S247:LON), 9.0 | Solid State plc (SOLI:LON), 188 | Somero Enterprises, Inc. (SOM:LON), 246 | Speedy Hire Plc (SDY:LON), 25.6 | Springfield Properties PLC (SPR:LON), 96.5 | SRT Marine Systems plc (SRT:LON), 74.5 | Sunda Energy PLC (SNDA:LON), 0.0 | Tandem Group plc (TND:LON), 175 | Tasty plc (TAST:LON), 0.5 | Revel Collective PLC (TRC:LON), 0.2 | Tekmar Group Plc (TGP:LON), 5.4 | TheraCryf PLC (TCF:LON), 0.3 | Tialis Essential IT PLC (TIA:LON), 75.0 | Time Finance plc (TIME:LON), 57.5 | Tortilla Mexican Grill Ltd. (MEX:LON), 39.5 | Touchstone Exploration Inc (TXP:LON), 20.5 | Transense Technologies PLC (TRT:LON), 165 | Trifast plc (TRI:LON), 65.0 | Tristel Plc (TSTL:LON), 378 | Ultimate Products PLC (ULTP:LON), 76.9 | US Solar Fund Plc (USFP:LON), 29.0 | Venture Life Group Plc (VLG:LON), 50.5 | Vianet Group plc (VNET:LON), 84.5 | Virgin Wines UK PLC (VINO:LON), 68.0 | Warpaint London PLC (W7L:LON), 455 | Xeros Technology Group Plc (XSG:LON), 1.8 | XLMedia Plc (XLM:LON), 6.8 | XP Factory PLC (XPF:LON), 13.6 | Zambeef Products PLC (ZAM:LON), 3.9
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Andrew Darley | Peter Renton | Kimberley Carstens
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28 pages
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US Tariffs - impact on Cavendish research universe
1Spatial Plc (SPA:LON), 48.0 | 4basebio PLC (4BB:LON), 1,070 | 4imprint Group plc (FOUR:LON), 3,410 | 88 Energy Limited (88E:LON), 1.2 | Afentra PLC (AET:LON), 48.1 | Allergy Therapeutics plc (AGY:LON), 7.0 | Alumasc Group plc (ALU:LON), 380 | Amcomri Group Plc (AMCO:LON), 90.0 | Antipa Minerals Limited (AZY:ASX), 0 | Arcontech Group PLC (ARC:LON), 85.0 | ASA International Group PLC (ASAI:LON), 144 | Audioboom Group PLC (BOOM:LON), 392 | Avingtrans plc (AVG:LON), 409 | Backblaze, Inc. Class A (BLZE:NAS), 0 | Bigblu Broadband plc (BBB:LON), 23.0 | Billington Holdings Plc (BILN:LON), 415 | Bioventix Plc (BVXP:LON), 2,725 | Brave Bison Group Plc (BBSN:LON), 2.8 | Brickability Group PLC (BRCK:LON), 69.2 | Caledonia Mining Corporation PLC (CMCL:LON), 1,425 | Calnex Solutions Plc (CLX:LON), 50.0 | Cambridge Nutritional Sciences PLC (CNSL:LON), 3.2 | Carr's Group PLC (CARR:LON), 150 | Celebrus Technologies PLC (CLBS:LON), 158 | Cerillion Plc (CER:LON), 1,565 | Chariot Limited (CHAR:LON), 1.4 | Concurrent Technologies Plc (CNC:LON), 203 | Cora Gold Ltd. (CORA:LON), 7.1 | Cordel Group PLC (CRDL:LON), 6.8 | Costain Group PLC (COST:LON), 129 | Creo Medical Group Plc (CREO:LON), 14.1 | Crimson Tide Plc (TIDE:LON), 65.0 | discoverIE Group PLC (DSCV:LON), 675 | Diversified Energy Company PLC (DEC:LON), 1,032 | DotDigital Group PLC (DOTD:LON), 78.6 | Duke Capital Limited (DUKE:LON), 29.5 | Ebiquity Plc (EBQ:LON), 24.0 | Eden Research plc (EDEN:LON), 3.7 | Elixirr International Plc (ELIX:LON), 725 | Engage XR Holdings PLC (EXR:LON), 1.0 | Everyman Media Group PLC (EMAN:LON), 41.0 | Facilities by ADF PLC (ADF:LON), 15.0 | Fadel Partners, Inc. (FADL:LON), 76.2 | Falcon Oil & Gas Ltd. (FOG:LON), 6.5 | Filtronic plc (FTC:LON), 148 | Fonix plc (FNX:LON), 215 | Frenkel Topping Group plc (FEN:LON), 48.0 | FRP Advisory Group Plc (FRP:LON), 124 | Galliford Try Holdings PLC (GFRD:LON), 410 | GENinCode PLC (GENI:LON), 2.2 | GetBusy Plc (GETB:LON), 50.0 | Golden Prospect Precious Metals Limited (GPM:LON), 59.0 | Gooch & Housego PLC (GHH:LON), 586 | Hardide plc (HDD:LON), 8.2 | Hargreaves Services plc (HSP:LON), 666 | Hartshead Resources NL (HHR:ASX), 0 | Haydale Graphene Industries Plc (HAYD:LON), 0.2 | Hercules plc (HERC:LON), 47.5 | Hollywood Bowl Group Plc (BOWL:LON), 254 | HUTCHMED (China) Limited (HCM:LON), 262 | hVIVO plc (HVO:LON), 11.4 | Ilika plc (IKA:LON), 35.0 | Ingenta plc (ING:LON), 64.0 | Intercede Group plc (IGP:LON), 169 | iomart Group plc (IOM:LON), 28.7 | IXICO Plc (IXI:LON), 12.2 | Jersey Oil & Gas PLC (JOG:LON), 136 | Journeo plc (JNEO:LON), 344 | K3 Business Technology Group PLC (KBT:LON), 91.5 | Kier Group plc (KIE:LON), 177 | Kitwave Group PLC (KITW:LON), 320 | KRM22 Plc (KRM:LON), 35.0 | Kromek Group Plc (KMK:LON), 6.0 | Lion Finance Group PLC (BGEO:LON), 6,775 | Litigation Capital Management Ltd (LIT:LON), 48.2 | Lords Group Trading PLC (LORD:LON), 43.0 | LPA Group Plc (LPA:LON), 51.0 | M.P. Evans Group PLC (MPE:LON), 1,020 | Maintel Holdings Plc (MAI:LON), 200 | Marlowe Plc (MRL:LON), 444 | Mercantile Ports & Logistics Limited (MPL:LON), 1.0 | Michelmersh Brick Holdings PLC (MBH:LON), 114 | Mothercare plc (MTC:LON), 2.7 | Nanoco Group PLC (NANO:LON), 10.5 | NextEnergy Solar Fund Ltd (NESF:LON), 70.6 | Norcros plc (NXR:LON), 266 | Ocean Harvest Technology Group Plc (OHT:LON), 1.0 | One Media iP Group PLC (OMIP:LON), 3.8 | OPG Power Ventures Plc (OPG:LON), 5.4 | Parkmead Group PLC (PMG:LON), 15.2 | PCI-PAL PLC (PCIP:LON), 53.0 | Pebble Beach Systems Group PLC (PEB:LON), 9.5 | Pennant International Group plc (PEN:LON), 31.0 | Plexus Holdings (POS:LON), 7.2 | Poolbeg Pharma PLC (POLB:LON), 3.4 | Pulsar Group PLC (PULS:LON), 40.5 | Quartix Technologies PLC (QTX:LON), 245 | RC Fornax plc (RCFX:LON), 50.0 | Reabold Resources plc (RBD:LON), 0.0 | Redcentric Plc (RCN:LON), 127 | Renold plc (RNO:LON), 75.9 | Restore PLC (RST:LON), 258 | Revolution Beauty Group plc (REVB:LON), 7.7 | Robinson plc (RBN:LON), 125 | RUA Life Sciences Plc (RUA:LON), 11.8 | Savannah Energy Plc (SAVE:LON), 7.5 | SDI Group plc (SDI:LON), 84.0 | Seascape Energy Asia PLC (SEA:LON), 36.5 | Shearwater Group plc (SWG:LON), 44.0 | SkinBioTherapeutics Plc (SBTX:LON), 17.6 | Smarttech247 Group PLC (S247:LON), 9.0 | Solid State plc (SOLI:LON), 188 | Somero Enterprises, Inc. (SOM:LON), 246 | Speedy Hire Plc (SDY:LON), 25.6 | Springfield Properties PLC (SPR:LON), 96.5 | SRT Marine Systems plc (SRT:LON), 74.5 | Sunda Energy PLC (SNDA:LON), 0.0 | Tandem Group plc (TND:LON), 175 | Tasty plc (TAST:LON), 0.5 | Revel Collective PLC (TRC:LON), 0.2 | Tekmar Group Plc (TGP:LON), 5.4 | TheraCryf PLC (TCF:LON), 0.3 | Tialis Essential IT PLC (TIA:LON), 75.0 | Time Finance plc (TIME:LON), 57.5 | Tortilla Mexican Grill Ltd. (MEX:LON), 39.5 | Touchstone Exploration Inc (TXP:LON), 20.5 | Transense Technologies PLC (TRT:LON), 165 | Trifast plc (TRI:LON), 65.0 | Tristel Plc (TSTL:LON), 378 | Ultimate Products PLC (ULTP:LON), 76.9 | US Solar Fund Plc (USFP:LON), 29.0 | Venture Life Group Plc (VLG:LON), 50.5 | Vianet Group plc (VNET:LON), 84.5 | Virgin Wines UK PLC (VINO:LON), 68.0 | Warpaint London PLC (W7L:LON), 455 | Xeros Technology Group Plc (XSG:LON), 1.8 | XLMedia Plc (XLM:LON), 6.8 | XP Factory PLC (XPF:LON), 13.6 | Zambeef Products PLC (ZAM:LON), 3.9
- Published:
04 Apr 2025 -
Author:
Andrew Darley | Peter Renton | Kimberley Carstens -
Pages:
28 -
In this report, we take a look across our research coverage to see which companies are likely to be most impacted by US tariffs, and those which should come through relatively unscathed. The immediate reaction of the market to tariff threat has been to sell companies that are seen as exposed to international trade and global growth such as the Asian Banks (eg HSBC and Standard Chartered) and Mining companies (excluding Gold and Copper), and to take refuge in domestic plays such as utilities, foo ....
