Hunt reportedly set to retain SMEs 19 per cent tax rate amid fears for tech March 12, 2023 Small and medium sized enterprises (SMEs) are set to hold on to the 19 per cent rate of company tax amid concerns for the future of the UK’s tech sector, the Mail has reported. Chancellor Jeremy Hunt will hand small and medium businesses major tax breaks to boost investment in the spring statement this week, [...]
Gary Lineker row: Now George Osborne weighs in on Tory immigration rhetoric March 12, 2023 Support has poured in for Gary Lineker following his suspension from the BBC amid an ongoing row over the government’s policy on stopping small boats crossing the Channel. Football pundit Lineker was pulled off air last week after tweeting about the UK’s asylum policy following the announcement of the new Illegal Migration Bill by Suella [...]
Week ahead: ECB Lagarde to sign off on another 50 point interest rate hike and Deliveroo updates markets March 12, 2023 Topping City traders’ minds this week will be what is tipped to be another 50 basis point interest rate hike by the European Central Bank (ECB) on Thursday. The monetary authority of the 20 countries using the euro has explicitly told markets to expect another steep rate hike this week and possibly more in the [...]
Silicon Valley Bank UK: What we know (and what we don’t) on Sunday evening March 12, 2023 The Bank of England is set to put Silicon Valley Bank UK into insolvency as soon as this evening – with tech champions warning that the bank’s collapse could be an extinction-level event for a host of UK firms. This story has been updated as of Monday morning The bank’s accounts are effectively frozen, meaning [...]
Saudi Aramco unveils record profits of £133.9bn after oil price surge March 12, 2023 Saudi Arabian oil giant Aramco reported a record annual profit of £133.7bn ($161.1bn) for 2022 - powered by higher energy prices.
Amanda Blanc on Desert Island Discs: Aviva chief speaks out against misogyny March 12, 2023 Aviva chief executive Amanda Blanc has spoken out on the iconic BBC show Desert Island Discs about the misogyny she experienced as chair of the Welsh Rugby Union and at her FTSE 100 firm’s AGM last year. At the shareholder meeting ast year Blanc said that she was the target of a number of sexist [...]
EP: 186 Cheltenham Festival – Tuesday March 12, 2023 The Supreme Novices Hurdle kicks off the much anticipated 2023 Cheltenham Festival on Tuesday. We hear from Tom Palin from Middleham Park Racing who send Marie’s Rock back to defend her Mares Hurdle crown. We are also joined by former leading jockey and now syndication manager Noel Fehily who is looking forward to seeing both [...]
Cheltenham Tuesday: Punter Podcast Summary March 12, 2023 You can now hear all of City AM racing editor Bill Esdaile’s Festival tips in a short, summary episode of the Punter Podcast alongside Chris Barnett. The full preview is also available on the City AM website. The Punter ‘The Punter’ has been City AM’s dedicated sports betting section for over a decade with a [...]
Budget: Childcare support and energy bills on Hunt’s to-do list March 12, 2023 Ending the prepayment meter penalty on energy bills and boosting childcare support for the poorest parents are among measures set to be announced in the spring budget. Chancellor Jeremy Hunt this weekend confirmed households on prepayment meters will no longer pay more than people on direct debits, as of July 2023. Energy security secretary Grant [...]
Issa Brothers mull sale of Asda properties as debt rises March 12, 2023 Asda has launched a £8.6bn review of its property estate as the billionaire brothers behind the business scramble for options to reduce its debt pile, according to reports. According to reports in The Telegraph, owners Mohsin and Zuber Issa backed by private equity backers TDR Capital, are targeting the sale and leaseback of Asda’s supermarket [...]
