Entain losses deepen as Budget gambling tax bites Betting Britain’s new gambling tax regime has delivered an early sting for Entain, pushing the Ladbrokes owner to a wider annual loss even as its core betting business continued to grow. The FTSE-listed bookmaker said it swung to a loss of £681m for 2025, compared with £461m a year earlier, after booking a £488m impairment linked to [...]
FTSE 100 Live: Airline shares fall after Wizz Air profit warning; Primark new boss Markets Good morning and welcome back to the City AM liveblog. Global markets returned to a touch of stability on Wednesday as energy prices retreated as investors awaited the latest on the events in the Middle East. The FTSE 100 ended the day 0.8 per cent higher at 10,567.65p – still far below it’s level at [...]
Reeves is outrageously complacent on economic growth Economics The dust has settled on the Chancellor’s pointless Spring Statement and, if anything, it looks even worse in the rear-view mirror than it did in real time. Yesterday, top think-tanks and policy wonks chewed over the claims made by Rachel Reeves in her panglossian speech to MPs, and they don’t appear to be overly impressed. [...]
Pub industry ‘screaming for a reset’ amid wave of closures, says Shepherd Neame boss March 5, 2026 The beer and pub industry is “screaming for a reset”, the boss of the UK’s oldest brewer has warned, as companies brace for more venue closures under the strain of sharp tax hikes and minimum wage rises. Jonathan Neame, chief executive of Aquis-listed Shepherd Neame, which traces its roots back to 1698, said the “real [...]
Bank of England could raise interest rates over Iran energy price shock March 4, 2026 The Bank of England could raise interest rates this year if energy prices fail to return to levels seen before the start of America’s war with Iran, leading economists have warned. Analysts across the City and at Westminster think tanks have suggested that higher inflation caused by disruption in oil and gas movements across the [...]
Labour urged to give HENRYs a hand to boost investment March 4, 2026 The sheer tax cliff-edge facing workers earning £100,000 or more is harming the UK’s ambitions to foster greater retail investment, according to IG. New research from the online investment platform found that HENRYs, an acronym which stands for High Earner, Not Rich Yet, are unable to invest as much as they would like due to [...]
The £100k tax cliff edge is punishing ambition March 4, 2026 The £100,000 income cliff edge has become one of the most punitive and distortionary features of the UK tax landscape, says Michael Healy The government has made clear that it wants to boost economic growth, strengthen UK capital markets, and encourage greater participation in investing. These are ambitions we strongly support. But one part of [...]
Starmer refuses to reveal date of defence investment plan March 4, 2026 Sir Keir Starmer hit back at criticism the UK government was not spending enough on defence amid an escalating conflict in the Middle East putting RAF jets and British nationals at risk. The Prime Minister declined to reveal when the much-anticipated defence investment plan would be published as Kemi Badenoch centred her attacks on the [...]
UK economy held back by ‘rationing’ of energy, land and capital March 4, 2026 The government must focus on “ending the rationing” of the UK’s energy, land and capital if it wants to reinvigorate the economy, according to a leading City analyst. In a research note published this morning, Simon French, head of research at Panmure Liberum, argued that policies from successive governments had effectively created a rationing system [...]
Asda boss: Government ‘more and more difficult’ to deal with March 4, 2026 The boss of supermarket chain Asda has said the government has become “more and more difficult” to deal with, claiming the pressures on business posed by policy have ballooned since he began his career. Allan Leighton, Asda’s chair, said businesses are increasingly facing obstacles to growth which are “not of their own making”. At Tuesday’s [...]