Business will be looking at where taxes are going, not just where they are October 29, 2024 Tomorrow’s Budget announcements will capture immediate attention, but it’s the tax roadmap that could have the most enduring impact, says Chris Sanger The government’s decision to publish a corporate tax roadmap in this week’s Budget is intended to strengthen the UK’s economic foundations and attractiveness as a destination for capital. This move comes at a [...]
YouGov shares jump after revenue and profit growth revealed October 29, 2024 YouGov shares jumped 13 per cent on Tuesday as the data firm reported revenue and operating profit narrowly ahead of full-year expectations. In unaudited results for the year to 31 July, 2024, Yougov posted a three per cent organic revenue increase, with reported revenue up 30 per cent to £335.3m, driven by its recent CPS [...]
HSBC chief Elhedery says no plans for Asia spin-off in global revamp October 29, 2024 HSBC’s new chief executive has insisted his redrawing of the bank’s operations between East and West is not a precursor to the kind of break-up demanded by one of its biggest shareholders last year. Speaking after HSBC’s third-quarter results on Tuesday, Georges Elhedery said the main reason for his overhaul “is to make us a [...]
IG Design: Card maker’s cost-cutting drive starts to pay off despite profit plummet October 29, 2024 Profit at IG Design, the world’s largest maker of greeting cards, wrapping paper and gift bags, has been slashed but the firm is now cash generative and expecting to make a comeback in the second half of the year. As expected, group revenue fell 11 per cent in the six months to September, causing adjusted profit to [...]
HSBC shares pop as bank beats profit estimates and launches $3bn buyback October 29, 2024 HSBC has unveiled its latest share buyback after beating profit estimates in the third quarter as the Asia-focused bank gears up for a major restructuring.
Wealth tax ‘could cost the UK £100bn in 10 years’ October 29, 2024 The UK is especially vulnerable to the ill effects of a wealth tax and could suffer a near £100bn hit to its GDP in a decade were one introduced, a paper out today has argued. A two per cent tax applied to those with a net wealth of £10m would incur a 0.4 per cent [...]
Shop prices fall further in October despite fashion recovery October 29, 2024 According to the British Retail Consortium (BRC), shop prices fell 0.8 per cent in the year-to-October.
This will-we, won’t-we budget is causing economic harm October 29, 2024 Watching the will-we, won’t-we budget commentary unfold over the past few months has been painful and has caused significant uncertainty across the market. Not to mention that delaying the budget to October following the July election was a misstep, it has resulted in drawn-out public scrutiny of the multitude of possible tax changes on the [...]
How the politics of your fund manager could affect your portfolio October 28, 2024 Does politics affect the way you invest? It could be impacting how the fund manager that looks after your money does. Fund managers are increasingly managing their portfolios based on their political views, according to a new study from Harvard Business School and Washington University. An analysis of the political leanings of fund managers in [...]
Labour’s national insurance hike could cost workers hundreds October 28, 2024 HMRC's projections suggest that a two percentage point hike to employers' national insurance would raise £18bn.