Budget 2017: No further increases in insurance premium tax scheduled, though rise in June will go ahead March 8, 2017 Insurance premium tax will rise from 10 to 12 per cent in June, as previously announced in the Autumn Statement, but chancellor Philip Hammond broke the trend of successive hikes with no further increases announced in today's budget. Three successive hikes in IPT have taken the rate levied on insurance products from six per cent [...]
Budget 2017: Chancellor commits to raising income tax thresholds March 8, 2017 The Conservative government has committed to its 2015 manifesto promise to raise income tax thresholds. Chancellor Philip Hammond said today the government would raise the point at which people pay tax to £12,500 per year by 2020. Furthermore he pledged that by the same year the 40 per cent tax rate would not kick into [...]
Inmarsat share price rockets after announcing landmark tie-up with British Airways March 8, 2017 Inmarsat shares jumped over six per cent this morning after announcing a landmark tie-up BA that it is to be the first airline to provide high speed in-flight broadband to customers. The satellite firm also revealed it had grown group revenue and earnings over the last year, although bottom line figures fell. The figures Group revenue [...]
G4S share price jumps after revealing positive results and being buoyed by Trump administration prospects March 8, 2017 G4S shares flew this morning after posting revenue growth, revealing a strong pipeline and making progress against a company overhaul initiated three years ago. The group's chief executive also made upbeat comments about US President Donald Trump's economic plans, saying "what's good for our customers is good for us". [stockChart code="GFS" date="2017-03-08 08:37"] The figures [...]
Admiral boss doesn’t pull any punches after revealing discount rate cut will cost £150m March 8, 2017 Insurance firm Admiral lamented the government's decision to slash a key reference rate for calculating personal injury claims, which it said would ultimately cost the firm £150m. Annual profits for 2016 reduced by £106m, with the balance to be taken in following years. This prompted boss David Stevens, who is in his first full year at the [...]
Lord Heseltine is sacked by the government after leading Lords rebellion on Brexit March 8, 2017 Conservative stalwart Lord Heseltine has been sacked by as a government adviser after yesterday rebelling in the House of Lords vote on Brexit. Heseltine, a long time Europhile, backed the House of Lords' motion that legislation dictates parliament should have a vote on the final Brexit deal. He was relieved of five government advisory roles [...]
US politicians use new Emirates flights to test President Donald Trump’s “America First” resolve March 8, 2017 New York politicians have called on US President Donald Trump to block airline Emirates from opening up a new route into the country, testing the White House’s “America First” resolve. Twenty-five members of the New York and New Jersey congressional delegation have written to Trump asking him to stop plans by Emirates for a non-stop flight [...]
Inmarsat reveals $3bn savings through embracing its satellite technology March 7, 2017 Satellite firm Inmarsat said today its technology has saved airlines $3bn by enabling planes to fly closer to one another, among other things. The FTSE 250 firm compiled a report in association with specialist consultancy Helios. It concluded $1.1bn had been saved through a single air traffic control system and a further $1.9bn was spared by improving the communications with airline control [...]
Budget 2017: Experts make eight predictions as to what is in store for pensions and savings March 7, 2017 In his Autumn statement chancellor Philip Hammond resisted the temptation of making sweeping changes to pensions and savings. However, according to AJ Bell's senior analyst Tom Selby: “Tinkering with pension contribution allowances is a perennial favourite of chancellors on Budget day and Philip Hammond showed he was no exception in the Autumn Statement." Here's eight topics experts are [...]
Ashtead future boosted by infrastructure expansion and hopes of interest rate hikes in the US March 7, 2017 Equipment rental firm Ashtead's share price fell over two per cent today, despite hopes of it being boosted Donald Trump's proposed infrastructure expansion. The figures Underlying rental revenue in the first nine months of the firm's financial year grew by 13 per cent to £2.2bn with earnings similarly growing from £869m to £1.1bn. Operating profit was [...]
