BAE Systems forecasts more than £30bn in sales in 2025 February 19, 2025 BAE Systems has forecast more than £30bn in sales in 2025 as governments across the globe face pressure to hike military spending. The London-listed defence giant said it expects sales to increase by seven to nine per cent on an annual total of £28.3bn in 2024. Underlying pre-tax earnings are also expected to rise eight [...]
Glencore launches $1bn buyback programme despite profit fall February 19, 2025 Glencore has launched a $1bn (£792m) share buyback programme despite recording a 16 per cent drop in adjusted earnings before interest, tax, deprecation and amortisation (EBITDA) in 2024. The firm’s EBITDA fell to $14.4bn, down from $17.1bn in 2023, while adjusted earnings before interest and tax (EBIT) fell by a third. Despite the fall, the [...]
Jet2 warns of £45m hit from tax hikes and green levies February 19, 2025 Jet2 has reported a boost in profit before tax but warned margins may come under pressure in the near future due to a raft of cost pressures. The group operates Jet2.com, the UK’s third largest airline by number of passengers flown and Jet2holidays, the UK’s leading provider of ATOL protected package holidays. Jet2 expects to [...]
‘Alarm bells’ for Bank of England as inflation accelerates to three per cent February 19, 2025 Inflation picked up faster than expected at the start of the year, official data shows, as concerns grow about the persistence of price pressures in the economy. The headline rate of inflation picked up to 3.0 per cent in January, according to new figures from the Office for National Statistics (ONS). This was up from [...]
Global investors shun UK market amid stagflation fears February 18, 2025 Britain has become the least attractive market to invest in among global fund managers, with sentiment towards UK stocks slumping. Stock pickers held 18 per cent less UK shares than their benchmarks suggested they should in February, compared to a 12 per cent overweight position on European stocks, according to Bank of America’s latest Global [...]
Government backtracks on tax hike for private equity firms February 18, 2025 The government has reversed a decision to hike taxes on private equity firms by ditching changes to the tax treatment of members at limited liability partnerships (LLPs). The new guidelines, which were released last year, targeted salaried members on what tax contribution they pay, which affected the partner compensation at most firms. Before the new changes, members [...]
Insolvencies rise at start of 2025 as businesses brace for extra costs February 18, 2025 The number of insolvencies rose at the start of the year, in a sign that UK businesses continue to struggle ahead of a looming increase in employment costs.
Just over half of Brits in favour of green taxes on households February 18, 2025 According to new research, just over half of Brits are in favour of introducing taxes to encourage a reduction in households’ carbon footprint. According to a survey from EPC and energy efficiency platform epIMS, the most-favoured tax of those surveyed was a waste management levy, with a quarter of respondents supportive of a tax on [...]
Port Talbot £1.25bn electric furnace gets green light February 18, 2025 Proposals by Tata Steel to build a £1.25bn electric furnace in Port Talbot have been given the go-ahead by a local council. Neath Port Talbot Council’s planning committee on Tuesday approved what amounts to one of the most significant investments made in the UK steel industry in decades. The electric furnace will replace two traditional [...]
Bank of England still on track to cut interest rates despite surging wages February 18, 2025 "Pay growth went up, but actually not quite as much as we were expecting," Andrew Bailey said at an event in Brussels.
