Cut taxes for BP and Shell to protect UK from Trump’s trade war, Rachel Reeves told Energy Oil giants such as BP and Shell who operate in the North Sea should be given huge tax breaks to help protect the UK against Donald Trump’s burgeoning trade war, Chancellor Rachel Reeves has been told. Aberdeen & Grampian Chamber of Commerce is calling on the UK government to reduce the 78 per cent tax [...]
DEI more crucial than ever, says Lloyd’s new inclusion chair insurance Following Donald Trump's crackdown on DEI policies, Lloyd's newly appointed chair of inclusion says D&I is 'crucial now more than ever'
Serco: FTSE giant bags £200m US army deal Tech British outsourcing giant Serco has secured a $247m (£203m) contract to enhance the health and fitness of US army soldiers. The government services provider will support 45 US army brigades across 15 locations, including bases in Alaska and Texas. Under the deal, the firm is set to drive soldier fitness, reducing injury rates and supporting [...]
Asos to close US distribution centre with customers served from Barnsley instead January 15, 2025 Online fashion retailer Asos will close its distribution centre in Georgia, USA, in another effort to boost profitability and streamline operations. From late this year, US customers will be served from Asos’ automated UK fulfilment centre in Barnsley, and through a “smaller, more flexible local US site”, the company said. The Atlanta warehouse will be [...]
Lawyer hourly fees at US firms boom January 10, 2025 The hourly fees charged by lawyers in the US have jumped nearly seven per cent in the last year, the fastest rate since the global financial crisis
Americans do it better (investing, that is) October 9, 2024 British companies are often accountable to passive shareholders, such as pension funds, leading to risk aversion and short-termism. The US invests differently, with much better results, says Tom Focas The UK economy is in dire need of a rejuvenation. Growth is still stagnating, productivity lags behind global competitors, and industries that once anchored the nation’s [...]
Rugby needs to look to USA and other wild ideas September 13, 2024 When I read this week in City A.M. that Premiership rugby clubs are keen to head to the United States again I was pleased, if not too surprised. It didn’t really take off in 2016 and 2017, when clubs from the Gallagher Premiership last went across the pond, but that’s not to say rugby cannot [...]
UK and US spy chiefs ‘working ceaselessly’ for Gaza ceasefire September 7, 2024 British and American spy chiefs have said they are together “working ceaselessly” for a ceasefire and hostage deal in Gaza, in a rare public statement. MI6 chief Sir Richard Moore and CIA director Bill Burns said the agencies have “exploited our intelligence channels to push hard for restraint and de-escalation” in the Middle East. In [...]
Seasalt set for American adventure after profit spike August 6, 2024 Fashion brand Seasalt has set its sights on cracking the US as it prepares to open 20 stores across the Atlantic over the next three years. The Cornwall-headquartered business, which is backed by BGF, is preparing to make a “longstanding ambition become reality” in the wake of its pre-tax profit surging during its latest financial [...]
US multi-sport group interested in Hundred team despite concerns July 22, 2024 An American multi-sport ownership group has expressed interest in investing in the Hundred – but has concerns over the feasibility of buying a controlling stake in a franchise. The 100-ball competition kicks off its fourth season this afternoon at the Oval in what is set to be the final year of teams being jointly owned [...]