Uber chased by HMRC for extra £386m VAT August 2, 2023 HMRC is pursuing Uber for £386m extra in VAT, after paying £615m to resolve a tax dispute last year. In its results statement yesterday, Uber said that “UK tax authorities had disputed the amount and manner in which we were applying VAT to our UK business,” since the restructuring of its business model last March. [...]
Drax hits back at claim it cut production at biomass unit to avoid £639m customer payout August 2, 2023 Drax has been accused of shutting down production at one of its biomass generators to avoid returning money to customers.
5 London rooftop bars with summer food and drink pop-ups August 2, 2023 Try something different this August by booking a table at one of these London rooftop bars. Each has a pop-up celebrating the best of British food and drink, and each with brilliant views across the capital. Read more: The new London hotel that’s perfect for a west London staycation DRINK ROSE ON A ROOF The [...]
EP: 219 Glorious Goodwood – Thursday August 2, 2023 Glorious Goodwood is the venue for many top races this week, but the much-anticipated Qatar Nassau Stakes on Thursday will, for many, be the highlight of the festival. Brilliant young French trainer Christopher Head runs his very exciting filly Blue Rose Cen in this Group 1 contest and he is our special guest on today’s [...]
Michael Saylor’s bullish Bitcoin pledge lifts crypto markets August 2, 2023 Bitcoin is up almost two per cent this morning after shooting past $30k before retracing and settling around $29.400.
Hugo Boss campaigns with Gigi Hadid and Kendall Jenner lift outlook after sales surge August 2, 2023 Hugo Boss has raised its full year outlook following a 20 per cent increase in second quarter sales, after smart advertising campaigns featuring Gigi Hadid and Kendall Jenner. The German fashion house, best known for its men’s colognes, reported a 21 per cent increase in EBIT to €121m (£103m), as plans to rebrand the designer [...]
Investec Wealth and Rathbones tie-up gets green light from regulators August 2, 2023 Investec confirmed today that the proposed merger of Rathbones and its Wealth & Investment arm has secured regulatory approval. In a statement this morning, Investec said “all regulatory clearances in connection with the combination have been received”. The financial services firm said it expects the deal to be completed on 21 September provided the City [...]
Stansted first UK airport to hit pre-pandemic passenger highs as Europe jets off August 2, 2023 London Stansted has become the first major UK airport to achieve above pre-covid passenger numbers in any single month since before the pandemic, with this July the third busiest in its history. According to figures shared with City A.M. total passenger numbers for the period hit 2.81m, which is 102 per cent of the volumes [...]
War, what is it good for: BAE Systems announces bumper dividend August 2, 2023 BAE reported profits of £1.23bn this morning and upped its dividend by 11 per cent year-on-year, as it continued to cash in on increased UK defence spending and soaring demand amid the war in Ukraine. Britain’s premier defence contractor saw an order intake of £21.1bn in the first half of 2023, resulting in a record [...]
Haleon: Chinese re-opening powers GSK spin-off to ‘consistent’ growth August 2, 2023 Strong sales of toothpaste and painkillers contributed to healthy results for Haleon, the newly-formed consumer healthcare firm spun out of GSK last year. In the first half of 2023, the Surrey-headquartered company’s revenue increased to £5.7bn, up 10.6 per cent compared to the same period last year. This was driven by Haleon’s ‘power brands’, such [...]