Evelyn Partners: Wealth manager warns clients fretting over Budget tax changes October 23, 2024 Wealth management and accountancy business Evelyn Partners has warned that its clients have been fretting over the raft of speculation coming out about next week’s Budget. Rumours about the contents of the Budget have been flying out of Westminster, with concerns that the Chancellor Rachel Reeves may move to hike a variety of taxes and [...]
Home REIT set to pay off Scottish Widows debt in step toward closure October 23, 2024 Scandal-hit homeless housing investor Home REIT said it was on the cusp of paying off its debts to Scottish Widows this morning after offloading swathes of its property portfolio at cut prices this year. In an update to the market today, the former FTSE 250 firm said it had sold another 11 per cent of [...]
Lloyds Bank: Lender beats profit estimates as consumers prove resilient October 23, 2024 Lloyds Banking Group has beaten profit estimates as the lender set aside less than expected for souring loans and saw improved consumer confidence.
Franchise Brands mulls move from London’s AIM after chief’s promotion October 23, 2024 Franchise Brands is considering a move from junior market AIM to the main market of the London Stock Exchange following the appointment of a new CEO. The Macclesfield-based £300m company, which has been listed on AIM since 2016, said today that given the “scale and growth ambitions” of the company, it was taking the first [...]
WPP: New deals with Amazon and Unilever drive growth October 23, 2024 Like-for-like revenue at advertising giant WPP ticked up 4.1 per cent in the quarter to 30 September, despite a decline in business outside of the US and Europe. However, net new billings declined year-to-date. The figure came in at $3.2bn (£2.5bn) compared to $3.4bn (£2.6bn) in 2023. However, other regions struggled. Revenue in the UK [...]
Heathrow Airport: Passengers reach record high on summer boom October 23, 2024 Heathrow Airport smashed through its record-breaking 30m passenger target over the summer. It welcomed 30.7m between June and September, a record for the group. The figures brought the total number of passengers over the first nine months of the year to 63.1m, compared to 59.4m in 2023 – a record. The busiest day(s) in the [...]
Autumn Budget: The growth case for hiking capital gains tax October 23, 2024 We don't know exactly what form the changes will take and we don't know how much the Chancellor expects to raise, but reforms are coming.
Does the NHS have a communications crisis? October 23, 2024 The NHS has a backlog crisis a staff vacancy crisis and a mental health crisis. Public satisfaction is at an all-time low, and Lord Darzi’s landmark report of the state of the health found that it was in “serious trouble”. But does it boil down to a comms crisis? Jacob Haddad, CEO and co-founder of [...]
Building societies demand a say on government’s industrial strategy October 23, 2024 A group of Britain’s biggest building societies and mutuals have demanded a seat on the council shaping the government’s industrial strategy as ministers prepare to unveil a team of executives to oversee the plans. In a letter to business secretary Jonathan Reynolds, seen by City AM, a group of four trade groups including the Association [...]
Craft beer: it got corrupted, now it’s being reclaimed October 23, 2024 I’ll have a craft beer, you might say, when your colleague proposes another round at the pub. Coming right up. But… what actually is a craft beer? Well, once upon a time (the 1970s) it reliably meant “made in an independent brewery”. Later on it got hipsterified, and in the 2000s and 2010s a choice [...]
