Capital gains tax changes strike ‘heavy blow’ to investors November 17, 2022 The Chancellor has slashed the exemption amount for capital gains tax and cut the dividend allowance in half today in a move that will strike a “heavy blow” to the UK’s entrepreneurs and investors.
As it happened and live reaction: Jeremy Hunt’s Autumn Budget 2022: UK is now in recession November 17, 2022 Welcome to City A.M.’s live updates as the Chancellor of the Exchequer, Jeremy Hunt, delivers the government’s Autumn Budget for 2022. Here the news team will bring you all the key points, policy changes, opinion, analysis, responses from experts, industry reaction and more. Get in touch and let us know your views via news@cityam.com or [...]
Private landlord titan Grainger’s profits surge by 96 per cent due to strong rental demand November 17, 2022 The UK’s largest listed residential landlord Grainger reported a huge boom in profit before tax of 96 per cent off the back of soaring demand. The company’s books looked healthy for the financial year with net rental income up 22 per cent and record occupancy 98 per cent levels. This comes as millions of people [...]
Investec rolls out £350m share buyback as revenues jump November 17, 2022 Investec said it would roll out a share buyback programme today
Exclusive: Ambl app for restaurant reservations secures £2.3m cash injection November 17, 2022 A pair of childhood best friends hope to become the Uber or Gorillas of Londoners’ nights-out, after cinching £2.3m funding. Tech start-up Ambl, which was founded by Essex entrepreneurs Aaron Solomon and Jed Hackling, helps diners find an eleventh hour reservation. The app has secured £2.3m in seed capital, with investors including Jon Spiteri of [...]
Letters: Running away from the banks November 17, 2022 [Re: Computer says no: Frustrated businesses screaming for fresh cash struggle to get bank loans, Nov 15] As the cost-of-living crisis rumbles on, the computer says no attitude of the traditional banking system is causing huge issues for SMEs who need access to finance to survive and grow. When the going gets tough and businesses [...]
North Sea oil and gas production will be hit by hiked windfall tax, says Investec November 16, 2022 The UK jeopardises future North Sea oil and gas production, if the windfall tax is toughened up tomorrow, argued Investec.
Ahead of Budget: Millions of terrified businesses fear they will not survive another year November 16, 2022 In the midst of political uncertainty and ahead of the Autumn Statement, a quarter of SMEs believe the UK economy has been damaged irreversibly by Brexit and Covid-19 – with an astonishing 64 per cent of business owners stating they are worried their businesses won’t survive the next 12 months. The fresh data reveals a [...]
Digital Assets Week: A ‘DAW’ to the future November 16, 2022 Lord Holmes reports on an opportunity to share the current approaches being undertaken by the UK Government on crypto regulation.
Premier Foods boosted by consumers eating at home amid rising inflation November 16, 2022 Premier Foods’ revenues continue to rise despite inflation, as the cost of living crisis pushes consumers towards cheaper brands. The London-listed food group, which owns Batchelors, Bisto and Lloyd Grossman brands, has continued to perform well under economic pressure in the UK and across the world. Group revenue rose more than six per cent to [...]