1,500 City of London retailers set for surprise tax cut after ruling October 9, 2024 More than 1,500 retail shops in the City of London could see their tax bill slashed after a tribunal ruled a Cheapside store was paying too much in business rates. The Valuation Tribunal for England ruled that the rateable value applied to the main space of a City of London shop by the Valuation Office [...]
Google break-up on the table in US antitrust case October 9, 2024 The US government is weighing up a break-up of Google in an attempt to end its monopoly over much of the internet. The US Department of Justice has said that it was considering asking a judge to impose “structural requirements” on the tech giant to prevent it from maintaining its dominance on search. “Fully remedying [...]
Rio Tinto to buy chemical firm Arcadium Lithium in deal worth billions October 9, 2024 Rio Tinto is set to acquire the chemical producer Arcadium Lithium in a $6.7bn (£5.12bn) deal. The multinational mining behemoth announced the all-cash transaction this morning and called the acquisition of the global business a “significant step forward”. It amounts to $5.85 per share, and a premium of 90 per cent on Arcadium’s closing price [...]
Revolution Beauty eyes return to growth in early 2025 after sales tumble October 9, 2024 Revolution Beauty expects a return to sales growth early next year as the troubled makeup brand makes progress on a strategy to turnaround its fortunes.
Live shopping platform backed by new Topshop owner expands into the UK October 9, 2024 Live shopping tech company Sprii, which is backed by the new owner of Topshop, has announced plans to expand into the UK, with over half of its marketing budget earmarked for Brits. The company, which currently works with around 100 UK retailers, said it is also currently in talks with a “number of major retailers” [...]
NHS pension tax grab could see ‘return to strikes’, government warned October 9, 2024 Plans to reduce the tax-free lump sum savers can withdraw from their pension could see NHS workers mount a “return to pay unrest and strikes”, the government has been warned. Chancellor Rachel Reeves is reportedly mulling plans to cap withdrawals at £100,000 in the Budget on 30 October in a bid to shore up the [...]
CMC Markets: Lord Cruddas’ firm set for big jump in profit amid ‘sustained’ client activity October 9, 2024 Costs are expected to be around seven per cent lower than last year thanks to "disciplined cost management", which should help the firm return to profit.
Marston’s in ‘strong’ position as pub chain outperforms market October 9, 2024 Pub operator Marston’s has reported sales growth ahead of the wider market and said its profit this year will be in line with expectations. The FTSE-listed firm told markets this morning that total retail sales for the 52-weeks to 28 September were 5.8 per cent higher than the prior year, with growth in like-for-like sales [...]
Reeves mulls £100,000 cap for tax-free pension lump sum October 9, 2024 Under the current regime, most savers can take 25 per cent of their pension pot tax-free once they reach the age of 55, up to a limit of £268,275.
Pasta Evangelists: From ‘pasta le disaster’ to £40m turnover October 9, 2024 After conquering London's pasta takeaway scene, Pasta Evangelists has set its sights on the restaurant industry.
