Liz Truss tax cuts must be bolder to revive UK economy, Thatcherite thinks tank claims September 21, 2022 Liz Truss must be even bolder than cancelling the corporation tax rise to unlock the UK’s full economic potential, a Thatcherite think tank has claimed today. The prime minister’s chancellor, Kwasi Kwarteng, is expected to reverse the six percentage point corporation tax hike at this Friday’s mini-budget. The move will generate a 1.2 per cent [...]
Investindustrial to boost Eataly’s global presence as it takes majority stake September 21, 2022 The private equity powerhouse Investindustrial snapped up a controlling stake in Eataly this morning, paving the way for global expansion. Acquiring 52 per cent of the luxury Italian food brand, Investindustrial said the deal would lead to €200m in investment, as well as share purchases from existing shareholders. “The investment will allow Eataly to retire [...]
The corporate aspects of Law Commission’s consultation paper on digital assets September 21, 2022 Elliot Cowan and Mumuksha Singh of law firm CMS examine the Law Commisssion's proposals for digital assets.
French tycoon Xavier Niel snaps up Vodafone stake in merger push September 21, 2022 French billionaire Xavier Niel has snapped up a 2.5 per cent stake in Vodafone, sending the British telecom shares climbing this morning.
Truss hires former energy exec as new business liaison head September 21, 2022 Liz Truss has hired former EDF Energy executive Michael Stott as new head of business liaison for Downing Street. Stott is to become Truss’s key leader of business relations and engagement strategy, Sky News learned today. He is replacing Alex Hickman who held the role for two years under Boris Johnson. The newest business figure [...]
Truss tells Wall Street execs that she wants ‘lower, simpler taxes in the UK’ September 21, 2022 Liz Truss has declared she will deliver “lower, simpler taxes” to drive investment during a charm offensive of powerful Wall Street executives. The Prime Minister told the group of 15 business leaders during a New York roundtable that her plans will “make us a better place to invest and be unashamedly pro-business” and make the [...]
Business supplier Yü Group urges Government to protect SMEs September 21, 2022 Yü Group has urged the Government to ensure SMEs are fully included in support packages this winter and not miss out on help.
Games Workshop’s shares get hammered amid profit slump September 21, 2022 Despite its buoyant annual results this summer, costs appear to be finally taking their toll on the Warhammer maker Games Workshop. Shares slumped nearly ten per cent this afternoon after the firm revealed pre-tax profits slid 13 per cent in the last quarter to £39m. Commenting on this announcement, analysts at Peel Hunt said that [...]
Housebuilder shares rally after rumours of stamp duty cut September 21, 2022 Housebuilders shares rallied on Wednesday after reports Prime Minister Liz Truss is set to slash stamp duty in her mini-budget on Friday. Truss is expected to announce a cut to stamp duty as a rabbit in the mini-budget, a report in The Times newspaper suggested. The report, which suggested Truss intends the policy to fuel [...]
West Ham sponsor Betway hit with £400k fine over marketing on kids’ webpages September 21, 2022 West Ham’s main sponsor Betway has been whacked with a fine of over £400,000 for marketing on children’s webpages, adding to the tide of penalties given to gambling firms in recent months. The Gambling Commission found that between 14 April 2020 and 6 November 2021 the operator’s gambling logo, which linked to its website, was [...]
