Playtime’s over? Reeves’s tax raid threatens children’s play centres November 17, 2024 The UK’s indoor play industry has warned it faces a “severe financial crisis” following the Chancellor’s multi-billion pound Budget tax raid. The Association of Indoor Play, which represents 1,100 firms including laser parks, leisure centres and “baby sensory” companies, said Rachel Reeves’s fiscal plans threatened “the very core of our industry” and placed many indoor [...]
Kantar: Private equity groups circle media research firm November 17, 2024 Private equity bidders are reportedly interested in buying TV ratings data business Kantar Media in a development which could pave the way for a multibillion-pound sale of the wider Kantar Group.
Reeves ‘not satisfied’ as economic growth slows in third quarter November 16, 2024 Rachel Reeves has said she is “not satisfied” after official figures showed economic growth slowed in the months after Labour won the election, and even contracted in September. The UK economy grew by 0.1 per cent between July and September, versus 0.5 per cent growth in the previous quarter, the Office for National Statistics (ONS) [...]
Is Brexit back on the agenda after Mansion House? November 15, 2024 Reeves said that the economy faced "structural challenges" as a result of Brexit, which simply added to an already long list of obstacles to economic growth.
Former fintech ‘unicorn’ Truelayer laid off a quarter of staff in one day November 15, 2024 Former fintech ‘unicorn’ Truelayer laid off roughly a quarter of its workforce in a single day as part of an effort to slash costs and become profitable, City AM can reveal. The London-based firm axed 71 roles at the end of September a week before announcing a $50m funding round that lowered its valuation, according [...]
Cinemas warn tax hikes may cause credits to roll November 15, 2024 The UK cinema industry has warned that higher taxes on employees’ wages announced in the Budget will be the final straw for some venues in what has become a core cultural industry. Chancellor Rachel Reeves increased the amount employers have to pay in NICs by 1.2 per cent, and lowered the wage threshold employers must start paying [...]
Which FTSE 100 companies are most exposed to Donald Trump? November 14, 2024 The FTSE 100 has dropped by more than one per cent following the election of Donald Trump as US president, hitting a three-month low earlier this week. Meanwhile, the S&P 500 has been soaring, leading to a clear divergence between the two indexes. While not all of the poor performance of the FTSE 100 can [...]
UK M&A set for ‘sustained increase’ after Budget and Trump victory November 14, 2024 British M&A activity is expected to ramp up going into 2025, City advisers have said, as dealmakers feel more certainty following the Budget and US presidential election.
Reshaping CSR – The Return of In-Person Volunteering November 14, 2024 By Andrew Troup, Director of Corporate Giving & Engagement Strategy at Blackbaud After years of remote interactions, employees are finally emerging from the haze of pandemic-era isolation and embracing in-person volunteering once again. While this shift clearly marks a return to “normal” – it also emphasises the need for companies to reassess how they engage [...]
London pubs giant Young’s issues Budget warning after £11m costs hike November 14, 2024 Pub giant Young’s, which has locations across London and the South East, has insisted it has no plans to increase the price of drinks despite the Budget adding around £11m in annual costs. The listed group said it was instead focusing on increasing efficiency, better use of technology and internal investment in order to deal [...]