Retail sales growth slumps in October as consumers remain cautious November 5, 2024 Retail sales growth dipped in October due to pre-election anxiety, the latest figures have shown. According to the British Retail Consortium (BRC)-KPMG sales monitor, retail sales in the UK increased by 0.6 per cent year over year in October, compared to 2.6 per cent growth in October 2023. Food sales nudged up 2.9 per cent [...]
Bonfire Night Wines November 5, 2024 During the time of Guy Fawkes, the historical figure for whom today’s Bonfire Night was created, drinking water was often riddled with dirt and germs meaning fermented or brewed alcoholic beverages were deemed safer to drink. Ale and beer, both lower in alcohol than modern day versions, were the staple of most adults and children [...]
UK resumes tech-focused trade talks with South Korea November 5, 2024 The UK is resuming trade talks with South Korea with discussions focused on boosting tech and digital services. British negotiators have flown to Seoul to meet South Korean counterparts today as talks restart in a bid to secure a modern, digital-focused trade agreement. It is the first time the discussions have recommenced under the Labour [...]
Terry Smith’s £23bn fund falls out of favour after Magnificent Seven misstep November 5, 2024 Terry Smith’s £23bn equity fund has once again fallen off a list of the UK’s most-bought investment vehicles after failing to cash in on the performance of the ‘Magnificent Seven’ tech stocks, new analysis suggests. The Magnificent Seven refers to a group of US tech giants, including Alphabet, Meta and Nividia, that have seen stratospheric [...]
US election: Which Premier League owners are backing Harris and Trump? November 5, 2024 One of Donald Trump or Kamala Harris will be the next President of the United States. But which Premier League owners backed which candidate in this year’s US election? Manchester United’s co-owning brothers Edward and Avram Glazer will have contrasting emotions come tomorrow, with the siblings backing opposing sides in the US election. The sporting [...]
Supreme Court refuses Blackrock’s appeal on tax relief of 2009 Barclays deal November 4, 2024 The highest court in the country refused to hear Blackrock's appeal after it lost its case against the tax agency over its 2009 acquisition of Barclays Global Investors
City holds off on big bets ahead of knife-edge US election November 4, 2024 City of London traders are refraining from big bets on US government debt and the dollar as the US election enters its final days on a knife edge, analysts have told City AM. With the last election taking four days to call, and polls suggesting Donald Trump and Kamala Harris are neck and neck heading [...]
No10 warned over risk of ‘killing off’ family-run firms November 4, 2024 Downing Street is attempting to weather a storm whipped up by entrepreneur James Dyson over changes to the inheritance tax treatment of family-run businesses. In an article in the Times, Dyson accused the government of “killing off family businesses, individual aspiration and economic growth” with their approach to death duties in the Budget. The high-profile [...]
Incoming Man United boss Amorim makes Alex Ferguson warning November 4, 2024 Incoming Manchester United manager Ruben Amorim has warned the club’s fans not to get over-excited if his Sporting Lisbon side spring a Champions League surprise against Manchester City. Sporting host United’s local rivals on Tuesday in one of the last games before Amorim leaves the Portuguese champions to take over at Old Trafford next week, [...]
Boxing fans to get more blockbuster fights from new global TV deal November 4, 2024 Dazn’s exclusive deal with Frank Warren’s Queensberry Promotions will help to unlock more of the blockbuster fights that fans have been clamouring for, such as Tyson Fury’s long-awaited clash with Anthony Joshua, says the channel’s boxing chief. The multi-year agreement sees Queensberry join UK rival Matchroom in committing to the London-headquartered sport streaming platform, removing [...]