Everything family businesses should know ahead of Reeves’ tax changes February 14, 2025 Rachel Reeves' Budget has thrown up new obstacles for family businesses. Stephanie Parish tells you why you should plan ahead now.
Wood Group shares plunge as Deloitte review finds ‘material failures’ February 14, 2025 Wood Group shares have plunged 31 per cent in early deals this morning after a Deloitte review identified “material weaknesses and failures” across the business. The firm said it is initiating steps to “significantly” strengthen its financial culture, governance and controls after a review In a trading update, the London-listed engineering giant also announced plans [...]
UK economy could face £24bn blow from Trump tariff plans February 14, 2025 The UK economy could face a £24bn blow from Donald Trump’s plans to impose tariffs on countries that charge VAT. The President announced plans to impose reciprocal tariffs last night, telling reporters that he considered VAT to be a tariff on US exporters. “I have decided for purposes of fairness that I will charge a [...]
Welsh rugby is in the pits no matter who passes through Gatland’s Gate next February 14, 2025 Warren Gatland’s legacy is already secured; when Wales players arrive at Cardiff’s Principality Stadium they do so by driving through Gatland’s Gate. He may be remembered for 14 consecutive losses in his second stint as Wales boss – the last of which was a 22-15 humiliation by Italy in which the score completely flattered the [...]
Natwest skims past profit expectations February 14, 2025 Natwest narrowly beat analysts’ annual profit expectations after posting a bump in its consumer lending. The FTSE 100 lender posted a £6.2bn pre-tax profit, ahead of £6.1bn pencilled in by analysts and up 0.3 per cent on 2023. Net loans to customers hit £368.5bn, an increase of £12.9bn, which reflected Natwest’s acquisition of Metro Bank’s [...]
HSBC to unveil $1.5bn in savings alongside financial results February 14, 2025 Citing two people familiar with the matter, the FT reported that the savings will largely come from HSBC's decision to withdraw from non-core markets.
Whisky Business: The Glenlivet’s oldest permanent expression to date February 14, 2025 Whisky Business: City AM’s monthly look at the world of whisky. The key to whisky’s unique flavour is patience, but for producers, there will always be a trade-off between patience and profit. While the process of distilling whisky only takes a few days, Scotch whisky must be matured for a minimum of three years, a significant [...]
Three ways to fix the regulators and boost growth February 14, 2025 There are signs that tackling regulation is finally getting the focus it needs, but with GDP forecasts looking grim, there’s more to be done, says Leo Ringer The UK is producing world-beating companies in complex, regulated markets like fintech, healthcare, novel foods and autonomous vehicles. But their success is in spite of regulatory frameworks that [...]
Super League: What is the Captain’s Challenge and is it the future? February 13, 2025 The Super League returns tonight but there will be a new element to rugby league with the introduction of the Captain’s Challenge. Tennis has player calls and Cricket has a review system too, but what is the Captain’s Challenge and could we see the rugby league innovation found in rugby union and football in the [...]
F1 scam firm wound-up over British Grand Prix hospitality ticket sham February 13, 2025 A scam company which targeted the sale of hospitality packages they didn’t have for the Formula 1 British Grand Prix has been wound up. Foresea Limited is connected with a trio of other businesses shut by the Insolvency Service, with this firm wound-up at the High Court this week. The firm was found to have [...]