‘Disaster Budget will kill UK farming’, warns chicken king Boparan November 12, 2024 Entrepreneur Ranjit Singh Boparan, whose empire ranges from Bernard Matthews to Carluccio’s, has warned the autumn Budget is a “disaster for business” and will “deliver a final fatal blow to the thousands of small family-owned farms”. Boparan added that the “inheritance tax raid” on farms announced in the Budget on 30 October “risks supply being [...]
The banality of Welby November 12, 2024 Justin Welby has failed in his constitutional duty to provide moral leadership over the John Smyth abuse scandal. He must resign, says James Price Benjamin Franklin once joked that the only difference between Anglicanism and Catholicism was that: “the Church of Rome is infallible, whilst the Church of England is never in the wrong”. Revelations [...]
Strong governments must be prepared to upset the markets (a bit) November 12, 2024 The bond markets are a potent opposition, but governments must be prepared to take risks if they are ever to reap rewards, says Charles White-Thomson With a large majority and an election years away, the Prime Minister and Chancellor likely don’t feel the need to worry too much about what the electorate think. But one [...]
Richard Branson-backed 23andMe axes hundreds of jobs November 12, 2024 Genetic testing company 23andMe, which is backed by Virgin billionaire Richard Branson’s former company VG Acquisition Corp, has revealed plans to make 200 redundancies in a bid to regain stability after a major slowdown in the business over the last year. The company is cutting 40 per cent of its workforce to help its continued [...]
Business groups warn of jobs market slowdown following Budget November 12, 2024 Alexandra Hall-Chen, principal policy adviser for employment at the Institute for Directors (IoD) said the figures point to a "concerning trend" in the labour market.
How I’m readying my British honey brand for overseas expansion November 12, 2024 Jennifer Sieg meets Scott Davies, founder of British honey brand Hilltop Honey, to discuss the road to international expansion Impact-Site-Verification: 23b14862-b50e-4637-a6fb-9e8e82968724 International expansion is a dream come true for many entrepreneurs who want to tap into new market opportunities and subsequently reach a wider customer base. But to do so successfully takes some tenacity, and [...]
Arthouse cinema chain Curzon acquired by Fortress November 12, 2024 UK arthouse cinema chain Curzon has been acquired by US-based Fortress Investment Group The deal, which has been agreed for an undisclosed sum, includes the firm’s cinemas, film distribution company and online streaming service. It’s the latest acquisition of a UK company by a US buyer, with a strong dollar and low British valuations attracting [...]
Astrazeneca: FTSE 100 giant shrugs off China worries with profit upgrade November 12, 2024 Pharmaceuticals giant Astrazeneca has reported double-digit sales growth on higher demand and said it remains committed to China despite the detention of a high-ranking staff member there. The FTSE 100 firm told markets this morning that total revenue rose 19 per cent to $39.2bn (£30.6bn) in the first nine months of the year. The London-listed [...]
Wage growth comes in ahead of expectations despite loosening labour market November 12, 2024 Bank of England rate-setters received a mixed picture from the latest labour market figures, with progress on wage growth stalling even as unemployment crept up. According to the Office for National Statistics (ONS), pay growth excluding bonuses eased to 4.8 per cent in the three months to September, down from 4.9 per cent previously but [...]
All hail the regulator going for growth November 12, 2024 At last month’s Investment Summit in the City, Keir Starmer set out an admirably clear view of how he wants this country’s regulatory bodies to work, telling delegates: “we will make sure that every regulator in this country, especially our economic and competition regulators, takes growth as seriously as this room does.” There’s been no [...]