Mark Kleinman: Labour’s economic plan remains a £63bn question October 17, 2024 Mark Kleinman is Sky News’ City Editor and is the man who gets the Square Mile talking in his weekly City A.M. column. This week he tackles big questions for Labour, pragmatism in the City and the building-blocks of a takeover Labour’s economic plan remains a £63bn question So there we have it: £63bn. Not bad [...]
‘Broken’ inheritance tax ripe for reform at Budget, think tank says October 17, 2024 The government must reform the UK’s “broken inheritance tax system”, a respected think tank has urged, after fresh research found uncapped exemptions in the current framework means a quarter of estates worth over £10m pay a rate of just nine per cent. The Centre for Analysis of Taxation (CenTax) paper, published on Thursday, revealed the [...]
AIM: Companies fear generational damage if Reeves scraps tax relief October 17, 2024 London’s markets have become a “burning platform” for smaller companies and the pain will be compounded if the Chancellor scraps inheritance tax relief for shares on London’s AIM exchange, City bosses have warned today. Ahead of the budget on October 30, a group of AIM listed companies and City think tank New Financial have added [...]
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 [...]
Alpha Group rebrand Lionpoint to expand into asset management space October 16, 2024 Alpha Financial Markets Consulting (Alpha FMC) has rebranded its Lionpoint subsidiary to Alpha Alternatives, reflecting its strengthened position as a leading consultancy to the alternative investments sector. The announcement was made today, and signals the full integration of Lionpoint into Alpha FMC, following its acquisition in 2021. This move will allow Alpha FMC to broaden [...]
UK fintech stars warn capital gains tax hike could force them to relocate October 16, 2024 Prominent UK fintech founders have warned the new government that hiking capital gains tax risks forcing them out of the country, with nearly half already mulling relocation.
Self-care upgrade: The future of travel is about feeling good October 16, 2024 Instead of the usual indulgences of food and drink, travellers are gravitating towards experiences that nourish their well-being.
Tate & Lyle shares soar on Advent private equity takeover rumours October 16, 2024 Shares in ingredients group Tate & Lyle have soared more than 12 per cent today after rumours emerged of a bid for the company from an American private equity group. The FTSE 250 food and beverage company is being targeted by US-based Advent International, according to the Financial Times. While Advent, which is the eighth [...]
Brewdog: James Watt ‘frustrated’ as brewer loses almost £60m October 16, 2024 Brewdog remains in the red despite a sharp uplift in its sales during its latest financial year, founder James Watt has revealed. In a post on social media, the former CEO said the Aberdeenshire-based business increased its revenue by 14 per cent to £366m in 2023. He added that it cut its operating loss to [...]
South Bank’s ‘The Slab’ in spotlight as campaigners fight planning decision October 16, 2024 South Bank 'The Slab' is the topic of a legal battle at court this week as campaigners seek to overturn the former government's decision to green-light redevelopment