Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments
Rachel Reeves’ carry tax hikes are sensible, says private equity boss October 24, 2024 Rachel Reeves’ plans to tax private equity partners more onerously are sensible and concerns about them triggering an exodus of dealmakers from London have been overdone, a private equity boss has said. Rami Cassis, chief executive and founder of private equity boutique Parabellum, threw his weight behind the chancellor’s plans to bring carried interest – [...]
UK banking complaints nearly double amid credit card and motor finance woes October 24, 2024 Official UK banking complaints almost doubled in the first half of 2024 as consumers hit out against firms' handling of credit cards and motor finance.
RELX: Strong demand pushes up revenue for data firm October 24, 2024 Global analytics and decision tools provider RELX has reported an increase in its underlying revenue for this year, as it stood by its guidance looking at strong growth. According to a trading update to markets this morning, the London-listed firm said its underlying revenue rose by seven per cent, reaffirming its full year outlook as [...]
No end for Boeing strike as US workers reject 35 per cent pay rise offer October 24, 2024 Boeing factory workers in the US voted against the company’s latest contract offer and remain on the picket lines six weeks into a strike that has stopped production of the aerospace giant’s best-selling jetliners.
Parachute payments: Government clarifies stance after regulator move October 24, 2024 The government insists it does not want parachute payments to be abolished, despite giving the incoming football regulator new powers to look at the controversial mechanism. The Premier League and English Football League remain at loggerheads over the issue, which has contributed to an impasse over the so-called New Deal of financial redistribution. More than [...]
Jupiter moves to keep control of Ben Whitmore’s fund as he heads for the exit October 24, 2024 Jupiter Asset Management has decided to hold on to the £616m fund mandate run by star manager Ben Whitmore despite attempts by him to bring the fund with him as he leaves.
CMA launches merger inquiry into Alphabet and Anthropic partnership October 24, 2024 Britain's competition watchdog has opened a merger inquiry into Alphabet's partnership with artificial intelligence (AI) safety start-up Anthropic.
Demand for opioid treatment drug drives growth at Indivior October 24, 2024 Indivior’s revenue rose 13 per cent to $307m (£237m) in the third quarter, driven by strong demand for its opioid treatment drug Sublocade. The results, published this morning, showed that the revenue increase was backed by a 24 per cent year-on year rise in the drug’s sales, bringing in $191m (£147) during the quarter. Chief [...]
Crispin Odey rejoins eponymous hedge fund October 24, 2024 Former hedge fund manager Crispin Odey has rejoined the company he left last year following sexual assault allegations against him. Odey Asset Management, named after the eponymous founder, was wracked with scandal last year after a Financial Times investigation revealed more than a dozen women had accused the manager of sexual assault. While there had [...]
Autumn Budget: Company directors race to dump shares ahead of tax raid October 24, 2024 Fresh analysis has found company directors of listed companies are racing to sell shares ahead of a widely anticipated capital gains tax raid in next week’s Autumn Budget. Between 1 September and 22 October, the value of sell and buy transactions in directors of UK-listed companies in their own firm’s shares was £345.5m and £63m [...]