Labour promise to replace business rates with property taxes April 9, 2024 Labour has promised to replace business rates with a system of “business property taxation” in a bid to level the playing field between high street businesses and online retailers.
Who are the tax experts advising Labour on boosting compliance and modernising HMRC? April 9, 2024 A panel of tax experts are set to advise Labour on a blueprint for boosting compliance and modernising the work of HM Revenue and Customs (HMRC), the party has announced.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Loss-making Dim T and Wildwood restaurants to close as owner Tasty bids to avoid collapse April 9, 2024 Tasty plc, the restaurant group behind the Dim T and Wildwood brands, is looking to close 20 of its sites and secure new funding in order to avoid collapsing.
Klarna: Three-quarters of staff now use AI tools like ChatGPT as fintech looks to reduce hiring April 9, 2024 Around three-quarters of employees at Klarna now regularly use tools like ChatGPT, its head of artificial intelligence has told City A.M., as the buy-now pay-later giant leverages the technology to reduce hiring costs.
Early Easter boosts retail as Brits splash out on food and homeware before summer April 9, 2024 Retail leaders also issued warnings about impending costs such as the rise in minimum wage and business rate hikes, urging the government and Labour to take more action ahead of the General Election.
S&U channels Marcus Aurelius as motor finance lender says it will ‘wrestle on’ April 9, 2024 The specialist auto and property lender has posted a fall in annual profit and lowered its dividend as the firm grapples with higher costs and regulatory pressures.
Active Energy seeks buy-out on its wood-coal biomass hybrid April 9, 2024 The company has been trying to develop a greener, coal-wood hybrid form of biomass
Imperial Brands reaffirms guidance as demand for tobacco and vapes holds despite pressure April 9, 2024 Imperial Brands has said it is "on track" to meet its profit and revenue targets this year despite growing regulatory pressure on tobacco and vaping.
JPMorgan chief Jamie Dimon warns of ‘stickier inflation and higher rates’ as markets trim Fed bets April 8, 2024 Jamie Dimon, the long-serving chief executive of JPMorgan Chase, has warned that higher government spending could result in stickier-than-expected inflation and higher interest rates in the US.