Bankrupted Alpha Insurance hits Zurich Insurance with lawsuit October 21, 2024 A bankrupted Danish insurance company has launched legal action in the English High Court against insurance giant Zurich
Budget: Minister refuses to rule out tax rise for £100,000 earners nine times October 21, 2024 A government minister has refused to rule out whether Labour would increase taxes on those earning more than £100,000 at the Budget. Speaking to Sky News, care minister Stephen Kinnock refused nine times to say whether – under Labour’s definition – someone earning a six figure salary would see their taxes go up. Labour’s election [...]
UK banks brace for Budget tax raid despite lobbying efforts October 21, 2024 UK banks are bracing for a tax raid in Labour's maiden Budget as new analysis reveals the sector is already paying a significantly higher rate than counterparts in the US and EU.
Gold glitters as investors seek safe haven amid geopolitical tensions October 21, 2024 Gold prices surged to an all-time high of $2,730 (£2,093) this morning as investors sought safe-haven assets amid rising geopolitical tensions. This means that the price of the yellow metal has surged 38 per cent this year. The rally has come as conflict intensified between Lebanon and Israel, with fears growing over a broader regional [...]
Number of UK house sales jumped by a third after rates cut, before Budget October 21, 2024 Despite uncertainty about the coming Autumn budget, buyers continued to pile into the property market after the Bank of England cut interest rates, with the number of homes sold up by a third year on year. The number of sales agreed rose by 29 per cent, while the number of potential buyers contacting estate agents [...]
Investors brace for Tesla’s earnings after Robotaxi flop October 21, 2024 Tesla is set to post its third quarter earnings on Wednesday, with most analysts bracing for a slight dip in earnings per share compared to last year. The consensus forecast for revenue sits around $25.34bn (£19.5bn), up from the $23.35bn (£17.96bn) it booked in the same quarter of 2023. In its most recent quarter, Elon [...]
Monthly UK insolvencies remain stubbornly high ahead of Budget October 18, 2024 The release noted that monthly insolvency numbers so far in 2024 have been similar to 2023, which saw the highest annual number of insolvencies since 1993.
Concern for British high street as sector set for four-fold tax rise in April October 16, 2024 The double effect of inflation-linked tax bumps, as well as the end of business rate relief for consumer-facing firms, will lead to a four-fold tax increase for high street businesses next April, industry bodies have warned. Industry leaders across the board have been increasingly vocal about the need for reform to business rate taxes, and have [...]
AA: More customers helps profit surge at breakdown giant October 16, 2024 A growing customer base has helped boost profit at the AA after a US investor took a £450m stake in the motoring group. The breakdown giant has posted a pre-tax profit of £39m for the six months to the end of July 2024, up 70 per cent compared to the same period in 2023. The [...]
Admiral and Direct Line shares sink as Labour takes aim at ‘spiralling’ car insurance costs October 16, 2024 Shares in insurers Admiral and Direct Line slumped on Wednesday after the government unveiled a new taskforce that it said would tackle the "spiralling" cost of motor insurance.