Spike in PwC partners taking early retirement amid Big Four slowdown November 21, 2024 A larger-than-usual number of partners at PwC are choosing to step down at the end of this year, as the Big Four accountant looks to boost its performance amid slowing growth. The financial services giant’s 1,030 partners learned earlier this week that several dozen of their colleagues would be taking early retirement, after new UK [...]
HMV suspends plans for new shops as Budget hikes costs November 21, 2024 HMV has suspended plans to open more new stores next year, blaming the decision on the government’s tax-raising Budget. The company planned to open multiple shops in the UK in 2025, but HMV’s owner Doug Putman told The Telegraph yesterday that this proposal was now on hold following the Budget. Confirming the decision, Putman told [...]
Family-run coach firms reeling from inheritance tax overhaul November 21, 2024 While there are a handful of national players, around eight in ten small and medium sized coach operators in Britain are family-owned.
TV firm founded by Jake Humphrey and David Coulthard back in the black November 21, 2024 Whisper Films, the TV production company co-founded by broadcaster Jake Humphrey and former F1 driver David Coulthard, returned to the black during its latest financial year as its turnover jumped. The business, which was also set up by BAFTA-winning CEO Sunil Patel, has posted a pre-tax profit of £4.3m for the 12 months to 31 March, [...]
CMC Markets share price crashes after guidance remains unchanged November 21, 2024 CMC Markets stock price crashed over 13 per cent today after it failed to upgrade its full-year guidance – a move that was widely expected by investors. The company’s share price rallied in the run up to its half-year results that were published today, with many investors anticipating a revision to its outlook for the [...]
Homeowners face massive inheritance tax hike after Budget hit November 21, 2024 London homeowners are going to be hit with an eye-watering 1,840 per cent increase in inheritance tax (IHT) liability, as a direct result of Rachel Reeves’ Budget changes, it has been calculated. A single homeowner in the capital with an averaged priced home of £525,586, with the same amount in their pension, will have a [...]
Frasers tells Boohoo Mahmud Kamani must go: ‘His title might have changed but his grip has not’ November 21, 2024 Frasers has been quick to respond to Boohoo’s announcement that executive chair Mahmud Kamani will step back to vice chair, claiming it is not enough and he “must go”. This morning, Boohoo’s top investor called for a shareholder’s meeting to remove Kamani as a director and to replace him with Mike Ashley and Mike Lennon. At [...]
Surge in government borrowing raises threat of more Reeves tax hikes, economists warn November 21, 2024 A sharp rise in government borrowing costs fuelled by pay rises for public sector workers and rising debt payments has raised the threat of future tax hikes, according to economists. Borrowing rose to £17.4bn last month, marking the second highest October figure since monthly records began, according to official figures. The Office for National Statistics [...]
Halma shares hit three-year high as FTSE 100 firm breaches record £1bn revenue November 21, 2024 Shares in safety products conglomerate Halma soared to a three-year high on Thursday after the FTSE 100 group's first-half revenue surpassed £1bn for the first time.
HSBC poaches Citi veteran to lead Innovation Banking November 21, 2024 HSBC has poached Citigroup veteran Emily Turner to be chief executive of its Innovation Banking arm, formerly known as Silicon Valley Bank UK. Turner is due to join the bank in February, subject to regulatory approval, succeeding Erin Platts – who will join investment firm Octopus Ventures in the new year. A 13-year veteran of [...]