London Oxford Street spend slips as pressure mounts to scrap tourist tax January 23, 2024 Bosses behind Oxford Street are piling fresh pressure on the government to scrap the tourist tax after visitors failed to splash the cash over the Christmas period. Dee Corsi, who heads up the New West End Company, said footfall grew three per cent over the holiday season but customers kept their purses shut, with spending [...]
Crest Nicholson’s profit slumps over high-cost ‘legacy sites’ as potential £13m legal bill looms January 23, 2024 Crest Nicholson reported a slump in profits for 2023 amid runaway costs and has prepared for a possible legal bill of £13m over a 2021 fire, after the FTSE 100 housebuilder issued a profit warning last week.
This stunning part of Finland is like a Nordic Lake District January 22, 2024 Visit this remote part of Finland to uncover amazing nature without the crowds
MSCI under fire for ESG ratings ‘biases’ that could cost investors January 22, 2024 A Liberum analyst has hit out at MSCI over its ESG ratings, calling for investors to ignore sustainability ratings from the firm due to “biases” in its ratings methodology that could lose them money. In a Substack blog post this morning, investment strategist Joachim Klement cited a recent paper from Bocconi University that found investors [...]
Savings rates have biggest monthly drop since 2009 as banks bet on rebound January 22, 2024 Fixed savings rates have clocked their biggest monthly drop in nearly 15 years, new figures show, as banks slash deals to compete for business and stay optimistic on an economic rebound this year. The average one-year fixed bond fell for a third consecutive month to 4.87 per cent in January – the first time it [...]
The world is waking up – again – to the damage higher taxes do to growth January 22, 2024 Tax was on the agenda like never before at last week’s Davos summit. It must mark the moment the UK changes course. There was something in the water at Davos last week. On Wednesday, the World Economic Forum hosted Argentinian President Javier Milei’s ode to free markets and individual liberty, the most staunch defence of [...]
Economy: ‘Situation critical’ warning after huge spike in on the brink businesses January 22, 2024 Nearly 50,000 UK businesses are in a "critical" financial position, according to a new data, as high borrowing costs and inflationary pressures continue to squeeze firms.
How a ‘national icon’ rose up from a derelict car park January 22, 2024 How a £36m office building with Europe's largest living wall is making waves across the UK after reaching practical completion.
Small business confidence slumped in the ‘golden quarter’ of 2023 January 22, 2024 Small business confidence in 2023 "lost ground" during what is often considered the "golden quarter" of the year, a leading industry support group has announced.
Consultancy sector activity predicted to have single-digit growth over 2024 January 22, 2024 Activity in the consultancy sector is set to have single-digit growth this year, according to figures by the Management Consultancies Association (MCA). The latest survey conducted by the MCA reveals that activity in the sector grew by 11 per cent in 2023. The survey expects it to drop to 9 per cent this year but [...]