Standard Chartered to double down on wealth management as profit beats forecasts October 30, 2024 Standard Chartered is to double investment in its wealth management arm as the bank beat estimates for its third-quarter profit and boosted plans for shareholder returns.
The Naked Truth October 30, 2024 The love child of Adam Barton and Amy Lane, Atlas Wines began as a vineyard of Shiraz and Cabernet Sauvignon in Australia’s Clare Valley. Here Adam tells us more about their partnership with Naked How did you get Naked? Amy and I were approached by Naked Wines in 2012 after our Atlas Wines received some national press. [...]
Budget Day dawns: Bosses are ‘concerned and apprehensive’ October 30, 2024 Business leaders are concerned and apprehensive as Budget day dawns and firms from start-ups to Square Mile stalwarts wait with bated breath for Rachel Reeves to reveal the extent of the tax rises contained in the government’s first fiscal event after 14 years out of power. Pollsters asked bosses and senior executives to select from [...]
Firms worry about flatlining growth amid Budget tax rises concerns October 30, 2024 Private sector firms expect to see growth flatline in the final months of the year, a survey suggests, as concerns about the Budget build. For the second successive month, the Confederation of British Industry’s (CBI) growth indicator showed that businesses do not expect to see any change in activity over the next quarter. The CBI [...]
Bond traders brace for Budget borrowing bonanza October 30, 2024 City investors and bond traders are bracing for the fallout of Labour’s first Budget in 14 years tomorrow as the new government looks set to hike taxes and ramp up borrowing. Ahead of the Budget, the interest rate on government debt has crept up while investors and entrepreneurs have warned of the damaging impacts of [...]
Nearly half of fintech founders mull leaving UK ahead of crunch Budget October 29, 2024 Growing frustrations with new government policies and regulatory concerns could further drive an exodus of UK fintech founders, a grassroots industry group has warned. According to an annual report conducted by industry group Fintech Founders, some 39 per cent of the 450 leading entrepreneurs surveyed had expressed concerns over a “poor” and “awful” regulatory environment. [...]
Santander bank cutting more than 1,400 UK jobs October 29, 2024 Santander is cutting more than 1,400 jobs across its UK business this year amid ongoing efforts to reduce costs.
Sir Martin Sorrell: Tax hikes risk hurting UK productivity October 29, 2024 The government’s potential tax hikes and changes to investment relief could drive capital abroad, discourage hiring and stymie productivity, former WPP chief Sir Martin Sorrell has warned ahead of tomorrow’s Autumn Statement.
Budget 2024: No10 claim Hunt trying to ‘blame referee’ as OBR row heats up October 29, 2024 Jeremy Hunt is trying to “blame the referee” amid a row over an OBR review into the previous government’s departmental spending plans, No10 has claimed. The former Chancellor has criticised the Office for Budget Responsibility (OBR) for choosing to publish its findings as to whether it was given adequate financial information from Conservative ministers ahead [...]
Convenience stores issued £634m warning ahead of Budget October 29, 2024 A lobby group has warned convenience stores could be set for a huge bill next year as tax hikes are expected to be included in the Autumn Budget. The Association of Convenience Stores has said the sector will face a potential bill of £634m due to wage increases, plus changes to National Insurance contributions and [...]
