Fenwick: John Lewis rival slumps into the red and cuts jobs October 15, 2024 Department store chain Fenwick slumped back into the red and cut jobs as it battled the cost-of-living crisis and a “changing retail environment”. The Newcastle-headquartered business has reported a pre-tax loss of £28.3m for the year to 26 January, 2024, having previously made a pre-tax profit of £57.1m in the prior 12 months. Newly-filed accounts [...]
Capital gains hike in the Budget could push landlords out of the market October 15, 2024 In a paper published back in 2022, Capital Economics, a leading economic consultancy, predicted that hiking CGT would actually cost the Treasury.
Bellway profit craters but shares jump on strong look-ahead October 15, 2024 Despite a significant drop in completions and profit, housebuilder Bellway has said it is well-positioned to deliver growth going forward and supports the Government’s plan to unlock housing construction. Shares surged by more than eight per cent in early trades. Bellway told markets this morning that profit fell by 44.6 per cent in the year [...]
The ‘office influencer’ product that brought our wellness brand to new Heights October 15, 2024 How many old bottles of supplements do you have rotting away in your medicine cabinet?
How British philanthropists can be the world’s most generous October 15, 2024 Today, the Stock Exchange will play host to a gathering of philanthropists, wealth advisers and policymakers in a spirited effort to stimulate and celebrate philanthropy. The Giving and Impact Summit 2024 takes place the morning after the UK government’s International Investment Summit, underscoring the importance of charitable giving and the role the UK plays on [...]
Raising capital gains tax would be a hammer blow for entrepreneurs October 15, 2024 If the Chancellor raises capital gains tax at the Budget, entrepreneurs will either decline to sell or move to a friendlier jurisdiction – either way Britain will lose out, says Andreas Adamides Many people debate whether John Lennon or Paul McCartney was the better songwriter. But for me, it’s George Harrison I’m thinking of right [...]
Ministers refuse to rule out hike to employer national insurance rate October 14, 2024 The Chancellor and business secretary have again refused to rule out a hike employers’ National Insurance (NI) contributions in the upcoming Budget when speaking on the sidelines of the government’s investment summit today. Speaking exclusively to City AM on the question of whether Labour would increase employers’ NI, Jonathan Reynolds stressed: “I think the manifesto [...]
Reeves hails £63bn boost for Britain at flagship investment summit October 14, 2024 Reeves welcomed the investment news, insisting her “ambition for Britain burns brighter than ever”, while the government said the deals will see some 38,000 new jobs created in the UK.
Retailers pin hopes on bumper golden quarter with Black Friday, Cyber Monday and Christmas October 14, 2024 The final three months of the year, also known as the golden quarter, are make-or-break for retailers. Retail spending has consistently languished this year, or been propped up by margin-carving discounts, but pent-up demand is expected to give the sector a much-needed boost during the holidays, according to a panel of industry experts. Despite consumer [...]
Let them tax cake! Top accountant gives alternatives to business-bashing tax hikes October 14, 2024 While rumours swirl of potential hikes to Capital Gains Tax and the employer National Insurance rate, one top tax accountant has said the government should look elsewhere instead of targeted business-related taxes. His suggestion: Cake.