Lloyds shares fall after high interest rates boost income October 29, 2026 Shares in Lloyds Banking Group tumbled on Thursday morning after the bank beat profit expectations in the third-quarter after a boost from high interest rates and a reduction in its cost base. The FTSE 100 giant reported a £2.3bn pre-tax profit for the latest three months, up nearly 99 per cent on last year’s figure. [...]
Legal powerhouse Weil Gotshal set to liquidate after 95 years October 28, 2026 Weil, Gotshal and Manges has told its partners the firm should be wound down, in a move that will bring an end to one of the US’s most storied legal firms. Weil has seen an exodus of partners across the US and London in recent months, including former corporate co-managing partner Michael Hickey and private [...]
Everest Reports Third Quarter 2026 Results October 28, 2026 Annualized Total Shareholder Return of 14.2% Strengthened Casualty Reinsurance Reserves Repurchased $474 million of Common Shares During the Quarter
Capital gains tax incentive may benefit but ‘disrupt’ professional services sector October 28, 2026 The new capital gains tax incentive Chancellor John Healey unveiled in his Budget may benefit LLP firms in the professional services sector if they qualify, but it also risks disrupting partner dynamics within the firms. Healey announced the so-called ‘Founder’s Relief’ capital gains tax (CGT) incentive in his Budget speech on Wednesday in a bid [...]
Housebuilding to fall for three years as red tape scuppers Labour’s new homes push October 28, 2026 The UK’s progress towards its ambitious housebuilding target has been dealt another blow after the fiscal watchdog said housing output is set to slow for another three years. The Office for Budget Responsibility (OBR) said housing delivery will fall to 229,000 this year, to 221,000 the following year and to 219,000 in the year 2027-28. [...]
Orbia Announces Renaming of Building & Infrastructure Business Group to Water & Climate Solutions October 28, 2026 Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*) today announced that its Building & Infrastructure business group has been renamed Orbia Water & Climate Solutions, reflecting the evolution of its portfolio and growing focus on solutions that advance water security, climate resilience and sustainable living. Built on decades of expertise in water management, Orbia Water [...]
Autumn Budget 2026: Wary Healey presents a Ming Vase Budget October 28, 2026 Healey has tried to avoid breaking anything – including Labour’s poll lead – in his Ming Vase Budget, writes Julian Jessop.
JP Morgan slams Healey for bank tax hike that ‘lacks principle’ October 28, 2026 JP Morgan has slammed the Labour government for raising taxes on the UK banking sector and said the move “lacks principle”. Wall Street’s biggest bank, which serves over 2.5m UK users through its retail arm Chase, said it is “committed” to the UK but raised concern over the targeting of the sector in John Healey’s [...]
Ras Al Khaimah Signs Landmark Friendship Agreement & 10 MoUs during Historic High-Level Tour of South China October 28, 2026 His Highness Sheikh Saud bin Saqr Al Qasimi, UAE Supreme Council Member and Ruler of Ras Al Khaimah, witnesses the signing of a historic agreement between Ras Al Khaimah and Fujian Province, China, concluding a six-day China visit. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261028878989/en/ Signed in Fuzhou, the agreement establishes [...]
Budget: Healey hikes taxes and delays defence spending as economy set to slump October 28, 2026 John Healey has announced a string of tax hikes to fund short-term measures worth billions of pounds to help households and businesses cope with rising prices, in a maiden Budget that omitted major spending plans on defence and welfare. In his speech, the Chancellor said the government would look to raise defence spending to three [...]