Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Firstgroup expansion continues with Cheshire-based coach firm Lakeside October 25, 2024 Firstgroup has acquired coach operator Lakeside Group, as the FTSE 250 transport giant continues to expand across the country. Lakeside, which is based in Shropshire and Cheshire, provides bus and coach private hire services to schools and businesses. The company owns around 145 buses and coaches, with a small amount of revenue coming from tours [...]
Natwest shares soar as lender lifts performance forecasts October 25, 2024 Shares in Natwest has soared today after the group's third quarter profit grew by 26 per cent, as the lender reported solid growth driven by its lending
Thames Water launches £3bn emergency fundraising drive October 25, 2024 Thames Water has launched a £3bn fundraising drive to help pay off some of the struggling utility’s large debt pile. The water company has just £500m in cash, and hopes the new money will extend its ability to function for at least another year. Thames Water said today that the money will allow the firm [...]
St James’s Place: More changes in mandates to come, CIO says October 25, 2024 There will continue to be a significant shake-up in who manages some of the biggest funds at the UK's largest wealth manager, the chief investment officer of St James's Place has told City AM.
Investor sentiment split by age as older generation’s views sour October 25, 2024 Investor sentiment has split by age over the last six months, with young people’s confidence in investment increasing significantly as the older generation remains sceptical. While the desire to save and invest has jumped by double digits among 18-34 year olds, those aged 35-54 have increased by just a few percent, while for the oldest [...]
Budget 2024: Warning pubs and breweries could face extra £310m bill October 25, 2024 Pubs and breweries could face an extra £310m bill after the Budget, an industry lobby group has warned. The British Beer and Pub Association (BBPA) has warned Chancellor Rachel Reeves that a hike in business rates and beer duty could leave Britain’s drinking spots struggling. Additional costs could stifle growth and threaten jobs, with some [...]
Consumers ‘despondent’ ahead of tax-hiking autumn Budget October 25, 2024 Neil Bellamy, consumer insights director at GfK, placed the blame for the decrease squarely on the Budget.
Bullying and harassment cases rise at City firms, FCA finds October 25, 2024 There has been a sharp rise in non-financial misconduct at firms, according to a survey by the City regulator, but strikingly, the data revealed these companies took no action in more than half of investigations.
Collapsed Sentinel Broadcast hits Lloyds Bank with commercial fraud lawsuit October 24, 2024 Liquidators of broadcasting equipment company Sentinel Broadcast have launched legal action against Lloyds Bank, the latest legal battle in the fallout of the company
Two more venture capital trusts launch fundraising drive ahead of Budget October 24, 2024 Two venture capital trusts have launched fundraisers for £75m each as investors rush into the vehicles ahead of a potential hike in capital gains tax at the Budget. While the rate of capital gains tax sits at 20 per cent, rumours have swirled that Chancellor Rachel Reeves could double it at next week’s Budget. However, [...]