Aston Martin slashes loss by over £100m October 30, 2024 Aston Martin slashed its pre-tax loss by 90 per cent during its latest financial period after being boosted by a rise in its wholesale volumes. The Warwickshire-headquartered luxury car maker has reported a pre-tax loss of £12.2m for its third quarter, down from the £117.6m loss it posted during the same three-month period in 2022. [...]
Ahead of the Game: A$AP Rocky’s Tranmere takeover hits a snag October 30, 2024 City AM has learned that one of Tacopina's key investors, who was providing around 30 per cent of the funding, pulled out last week.
The Notebook: Say it however you like, a National Insurance hike is a tax on jobs October 30, 2024 Job vacancies are already in decline. Raising National Insurance contributions are no way to help the economy, writes Reed CEO James Reed.
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 [...]
What will happen to wealth taxes? October 30, 2024 The Chancellor is considering a range of tax hikes on wealth, but questions remain over how much revenue she can raise, says Nick Pheasey The taxation of an individual’s wealth can be an emotive subject. Broadly, the UK imposes tax on wealth on two occasions. First, as it is generated, by income tax or capital gains [...]
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. [...]
Speedy Fortune coming Eustace’s way at city Circuit October 29, 2024 RACEGOERS can look forward to another exciting and all-action programme in Hong Kong today, when Happy Valley hosts an eight-race card starting at 11.10am. Regular Happy Valley fans will have mixed feelings when they arrive though, as racing takes place on the dreaded C+3 track. The width of the track is only around the length [...]
Short Track World Tour: The league revolutionising for relevance October 29, 2024 When you think of sporting innovation, what comes to mind? The Hundred, maybe, or Saudi’s tennis showcase 6 Kings Slam? Well what about short track speed skating? Because the International Skating Union (ISU) has just launched the first leg of a totally revamped world tour in which 28 franchises compete across six meetings. The ISU [...]
Tom Brady team wins E1 championship October 29, 2024 Tom Brady’s E1 team won the inaugural championship after a curtailed opening season. After only five races the former NFL star’s team were crowned winners of the all-electric boating series. He fended off teams with involvements from the likes of Sergio Perez, Virat Kohli and Rafael Nadal. Winning team owner, Brady, said “It feels amazing [...]
Competition intensifies in Saudi’s surging insurance industry October 29, 2024 In recent years, Saudi Arabia has been building an insurance industry from scratch. In the process, the country has generated home-grown companies and attracted international giants such as Bupa to help cater to rising demand. So far, the expansion of insurance in the Kingdom has been dizzying. According to Saudi Arabia’s central bank (SAMA), in [...]