Jeremy Hunt’s Parent Trap: Why young City parents are better off earning £99k than £135k March 27, 2023 Some 55,000 parents will miss out on Chancellor Jeremy Hunt’s expanded package of childcare support due to earning more than £100,000, new research out today shows. Number crunchers at the research firm the Centre for Economics and Business Research (CEBR) reckon 71 per cent more working parents over the next five years will be incentivised [...]
Lamborghini, Aston Martin & Dior: Why are the world’s luxury brands recession proof? March 27, 2023 Luxury brands are yet to feel the cold wind of recession, with luxury names including Aston Martin, Lamborghini, Bentley and Dior all posting a surge in revenues in 2023. The companies all cite the “resilience” of their wealthy customers in an otherwise tough economic market. Lamborghini is the latest to appear to shrug off soaring [...]
Tortilla swings to loss after ‘unprecedented’ food and energy inflation March 27, 2023 Burrito chain Tortilla Mexican Grill has revealed it swung to a loss last year as it came under pressure from “unprecedented” food and energy costs, and avoided raising its prices above inflation. The fast-casual restaurant chain insisted its sales have benefited from consumers opting for value-for-money meals over dining out at restaurants. Its revenues jumped [...]
Bitcoin bulls want consolidation above $25k with altcoin rally on the cards, claims analyst March 27, 2023 Bitcoin is trading largely flat this morning around $28k while Ethereum is in more-or-less the same boat at $1,764.
Kwarteng stung: Mini budget chancellor offered to set up meeting between fake firm and Boris Johnson for ‘£10k’ March 27, 2023 Former chancellor Kwasi Kwarteng offered to facilitate setting up a meeting between a fake foreign firm and former prime minister Boris Johnson during a sting interview. Mr Kwarteng was caught up in a hoax organised by campaign group Led By Donkeys in which he was approached about providing political advice to a bogus company it [...]
Airports and power stations to be hit hardest by business rates changes March 27, 2023 Airports, power stations and business headquarters are set to be hit hardest by property tax changes when new valuations come into force next week, according to research. Revenues from business rates – the property tax on commercial buildings – are expected to rise by £1.4 billion, or 4.9 per cent , to £29.9 billion when [...]
Belvoir weathered mini budget interest rate storm with small dip in profit March 27, 2023 Belvoir reported a small dip in pre-tax profit this morning as its chief cited a “general pressure on interest rates” from the mini-budget for its results. For the year, the London-listed property firm reported pre-tax profits dip two per cent to £9.1m from £9.3m, saying the budget from Liz Truss shook the market. The Lincolnshire headquartered [...]
Firms face £300m paperwork bill in proposal to help save cash through business rates March 27, 2023 Businesses across England could be saddled with bills for around £150 a year under new Government proposals intended to help them with their tax. A requirement for businesses to update the Government annually could cost a total of around £300 million a year, analysis by Gerald Eve, a real-estate advisory company, has found. The estimate [...]
5 Key Warning Signs That You Need To Update Your CV Now March 27, 2023 The outlook for top tech companies across the UK is, at the moment, very uncertain. Not a day goes by when we don’t hear reports of projects being stalled, hiring freezes being put into place, or worse still another employee posting on LinkedIn that they have been laid off and are #opentowork. While talk of [...]
City marks 50th anniversary of first female traders on floor of the London Stock Exchange March 27, 2023 Two “trading floor trailblazers” opened the London Stock Exchange to mark the 50th anniversary since the first women traders were admitted into the historic marketplace. Susan Shaw and Hilary Pearson, who began working on 26 March 1973, were among the first female stockbrokers in the London Stock Exchange Group (LSEG) . They opened the day’s [...]