Investors brace for Tesla’s earnings after Robotaxi flop October 21, 2024 Tesla is set to post its third quarter earnings on Wednesday, with most analysts bracing for a slight dip in earnings per share compared to last year. The consensus forecast for revenue sits around $25.34bn (£19.5bn), up from the $23.35bn (£17.96bn) it booked in the same quarter of 2023. In its most recent quarter, Elon [...]
UK banks to post first results since interest rate cut October 20, 2024 Major UK banks are to reveal whether borrowers are benefiting from lower interest rates as they report third-quarter results over the next two weeks.
Boris Johnson Unleashed: Puns, prose but too little punch October 17, 2024 Let’s face it: if you aren’t a Boris fan or someone inclined to read every political biography, it’s unlikely you will pick up this book. When I told my brother I was reading it, his response was: “Why would you want to relive that mess?!?”. My mother was more pointed: “I’m not reading anything by [...]
This trip to Languedoc turned me into a wine snob October 17, 2024 I’m not a wine guy. The oenophile subjects alcohol to a level of scrutiny that, to me, feels antithetical to the loosening joys of boozing. I enjoy wine. I prefer wine that tastes nice. But to theorise about it, to intellectualise it, to hold it to the light and inspect its colour, to soliliquise about [...]
Supermarkets face calls to ban plastic for fresh goods October 17, 2024 An influential environmental NGO has called for the Government to ban plastic packaging on fruit and vegetable products in a bid to make grocery shopping more environmentally friendly. Waste and Resources Action Programme (Wrap) have called for a ban on packaging for 21 products including apples, carrots and tomatoes to reduce food and plastic waste. [...]
The Capitalist: Guildhall’s gossip police on patrol as M&S boss skips Investment Summit October 17, 2024 Dispatches from Labour's Investment Summit, M&S's CEO's big night out and hijinks at Cheltenham: catch up on City gossip in The Capitalist.
The Square Mile and Me: M Restaurants founder Martin Williams on backpack etiquette and mandatory two hour lunches October 17, 2024 Each week we ask a City figure to take a trip down memory lane. Today it’s Martin Williams, CEO of Groucho and founder of M Restaurants on the City staple’s 10th birthday What was your first job? I started working in hospitality when I was sixteen, as a dishwasher in a grotty hotel in North Yorkshire. I [...]
Concern for British high street as sector set for four-fold tax rise in April October 16, 2024 The double effect of inflation-linked tax bumps, as well as the end of business rate relief for consumer-facing firms, will lead to a four-fold tax increase for high street businesses next April, industry bodies have warned. Industry leaders across the board have been increasingly vocal about the need for reform to business rate taxes, and have [...]
Wall Street lenders beat earnings estimates as investment banks rebound October 16, 2024 Morgan Stanley, Goldman Sachs, Bank of America and Citigroup all surpassed analysts' estimates for their third-quarter earnings, helped by renewed strength in their investment banks.
Reeves looks to charm small business amid tax backlash October 15, 2024 Rachel Reeves has mounted a charm offensive on small business owners this evening after a furious backlash against rumoured plans to hike capital gains tax and national insurance at the Budget this month. At a summit of executives and start-up founders in Downing Street, the Chancellor is expected to bang the drum for more investment [...]