The Debate: What to do with inheritance tax? September 26, 2024 Inheritance tax, sometimes dubbed ‘Britain’s most hated tax’, currently stands at 40 per cent and is paid on estates worth over £325,000, although there are a range of exemptions which mean only five per cent of deaths are taxed and often at a much lower effective rate. As the Chancellor prepares to review taxes in [...]
Abrdn trust to strike £350m deal with Travelodge owner September 26, 2024 Abrdn Property Income fund is in “advanced discussions” to sell almost all of its portfolio to fund managed by Travelodge owner, Goldentree Asset Management. The £227m investment trust saw a bid from Custodian Property Income REIT voted down earlier this year, leaving the trust to begin winding down. Only 60.8 per cent of Abrdn shareholders [...]
David Oyelowo in Coriolanus review: Too much muscle, too much music September 26, 2024 Muscles do not a character make, though many men forget this. Sadly David Oyelowo's Coriolanus at the National Theatre is one of them
Adnams: Ghost Ship is ‘star performer’ as low alcohol trend continues September 26, 2024 British brewer Adnams has reported a growth in sales as its low-alcohol beers continue to gain popularity, especially in the off-trade market. In the six months ended 30 June, the beer, spirits and hospitality group posted a turnover of £31.9m, up from almost £30m in the first half of last year. It narrowed operating losses from [...]
Prezzo poaches Brewdog’s James Brown to lead the recovering restaurant chain September 26, 2024 Prezzo has appointed Brewdog’s James Brown as chief executive of the restaurant chain in the latest part of its ambitious post-collapse turnaround plan. Brown served as chief of Brewdog Bars and helped the brand grow from 18 sites to 135 globally. He has held several senior leadership roles at the company since 2015. The bar [...]
CT Automotive: Shares rev up at Bentley and Lamborghini supplier September 26, 2024 Aim-listed CT Automotive supplies interior parts to the likes of Lamborghini, Bentley, Nissan, Ford and Lotus.
Schroders names new finance chief and elevates investment boss to board September 26, 2024 Schroders has named a new chief financial officer and elevated its chief investment officer to the board in the FTSE 100 asset manager’s latest leadership reshuffle. Meagen Burnett, currently the firm’s chief operating officer, is due to take over the CFO role from Richard Oldfield, who is preparing to succeed outgoing chief executive Peter Harrison. [...]
CVS: Vet probe weighs on profit but fundamentals ‘strong’ September 26, 2024 Veterinary group CVS has said that a competition probe into the vet sector, plus cost of living pressures and a cyber attack, negatively affected its performance over the last year. The Competition and Markets Authority (CMA) launched a formal probe into the sector in May. CVS shares plunged 20 per cent after the announcement, and [...]
Morrisons strikes £331 million property deal amid significant debts September 26, 2024 Supermarket group Morrisons has agreed a £331 million property deal as part of efforts to slash its significant debt pile. The private equity-owned retailer said on Thursday that it expects to complete the “ground rent financing” deal around October 2. It said Morrisons will sell 76 properties to an undisclosed business, before these are then [...]
‘Intense’ consumer duty rules driving up regulatory pressure on City, KPMG says September 26, 2024 The Financial Conduct Authority's "intense" supervision of its flagship consumer duty regime is driving an increase in regulatory pressure felt by City firms, according to KPMG.
