Global luxury market on track to beat pre-Covid sales this year – but Europe lags behind November 11, 2021 The global luxury goods sector is set for a powerful rebound and will outperform pre-pandemic levels this year, but Europe lags behind in the absence of tourists’ purses, consultancy Bain has said. Global sales of personal luxury goods – which include fashion, cosmetics, perfumes, watches, handbags and jewellery – are set to reach €283bn (£242bn) this [...]
OECD ranking: The award for the country with the world’s most competitive tax system goes to… November 11, 2021 Estonia tops the rankings in a new report by the Organisation for Economic Co-operation and Development (OECD) that was published today by the Tax Foundation, a tax policy non-profit in the U.S. The ranking zooms in on the the most competitive tax regimes around the world. Estonia’s top score is driven by a 20 per [...]
The Tulip wilts: Skyscraper set for scrap-heap after appeal fails November 11, 2021 Proposals for the proposed Tulip skyscraper in the eastern heart of the City are set to be scrapped after central Government dismissed the planning applications. The Corporation of the City of London had approved the plans in 2019, but they were blocked by Mayor Sadiq Khan’s office, which feared the unique skyscraper would damage the [...]
London’s drinking: Capital on the way back as Young’s toasts a healthy recovery November 11, 2021 Pub chain Young’s announced it would restart its dividend this morning after a healthy set of half-year results suggested the historic operator’s recovery is well on the way. Adjusted operating profit hit a healthy £27.1m in the six months to the end of September despite ‘lockdown’ and later restrictions on numbers still being in place. [...]
Targeting globally comparable disclosure standards November 11, 2021 Companies and consumers are increasingly looking beyond climate change as they consider wider environmental social and governance issues. A supportive regulatory foundation therefore is needed to help the financial sector to respond effectively. It’s not only ethically minded consumers that want to know the source and environmental and human impact of products that they buy, but [...]
Don’t forget smaller companies while you are thinking big November 11, 2021 While world leaders and sustainability champions have been thinking about big solutions to the climate crisis in Glasgow, we’ve been appealing to them to also Think Small. For every government and large corporate making pledges to reduce carbon consumption, there are hundreds of small and medium businesses (SMBs) in their supply chains. These smaller enterprises [...]
Taylor Wimpey on track to meet guidance, unscathed by supply chain concerns November 11, 2021 British housebuilder Taylor Wimpey this morning said it was on track to deliver full year results in line with previous guidance, after strong housing demand helped it offset supply chain pressures. Although the country’s third-largest housbuilder said it had experienced industry-wide pressures on the cost and availability of certain materials and a shortage of drivers [...]
Auto Trader reports highest-ever sales as digital efforts pay off November 11, 2021 Car marketplace Auto Trader has reported its highest-ever six months of sales and profits, as demand for cars from its platform surged to record levels and the company’s focus on its digital offering in the pandemic paid off. Revenue jumped 82 per cent to £215.4m , up from £118.2m a year earlier. This was up [...]
Ed Warner: Why sponsors should beat a path to Yorkshire November 11, 2021 Yorkshire County Cricket Club might just be the most exciting sponsorship proposition right now. Mired in a racism crisis of its own making, deserted by its full roster of corporate partners, staring down the barrel of a parliamentary select committee, investigated by the Equality and Human Rights Commission – but with a new chair and [...]
Ride-hailing firm Gett agrees $1bn SPAC merger with Rosecliff November 10, 2021 Ride-hailing firm Gett enters into a business combination agreement with SPAC Rosecliff Acquisition, valued at $1.1bn.