Christopher Ward: Sales almost double at luxury watchmaker ahead of US expansion July 19, 2024 Luxury watchmaker Christopher Ward saw its profit spike as its sales almost doubled during its latest financial year, it has been revealed.
British Airways owner IAG pledges to reinstate dividend as travel bounces back November 21, 2023 British Airways owner IAG has pledged to reinstate its dividend for the first time since the pandemic as travel demand soars.
City of London: Our investment crown could slip without fast reform April 30, 2024 The UK must push through a package of reform or risk losing its status as a top destination for financial services investment, the City of London Corporation has warned.
Asos confirms £350m credit facility as shoppers dial back spending October 15, 2022 Troubled fashion retailer Asos has today confirmed it is in the final stages of arranging a £350m credit facility with financial backers, as consumers dial back spending during the cost of living crisis. In a statement today, Asos said the credit facility, which matures in July 2024, would “significantly” boost its financial flexibility against the [...]
Social rent increases may not ‘move dial’ on housebuilding, Rachel Reeves warned August 21, 2024 Rachel Reeves’ plans to increase social rent may not “move the dial in a material way” on council housebuilding, a corporate finance firm is warning. The Chancellor will reportedly up social rent by bringing in a decade-long formula to raise housing costs in England boosted by the CPI inflation measure – currently 2.2 per cent [...]
‘Budget for growth’: Chancellor Jeremy Hunt rolls pitch for Spring statement March 14, 2023 Chancellor Jeremy Hunt has said his spring statement will be a “budget for growth” as he prepares to set out key measures to support firms and families with the cost of living crisis. Hunt will make his annual budget statement in the House of Commons on Wednesday. He is expected to focus on efforts to [...]
Old Street roundabout revamp to be finished in ‘early 2024’ as delays hold back project February 21, 2023 The transformation of Old Street Station is set to be further delayed as Transport for London (TfL) today pushed back the completion date for the project to “early 2024”. TfL said the project has been delayed by the pandemic, with the construction site shut for three months and operations subject to long periods of social [...]
‘Not unnatural’ for veteran Tories like Gove to be quitting, City minister insists May 25, 2024 The exodus of prominent Tory MPs like Michael Gove and Andrea Leadsom is “not unnatural”, the City minister has insisted, amid speculation that Conservatives are quitting Parliament in fear of imminent electoral defeat.
Spring Budget 2024: Jeremy Hunt to cut national insurance rather than income tax as rate windfall fails to materialise March 5, 2024 The Chancellor has repeatedly stressed his determination to bring down the tax burden, which is on course to rise to record levels no matter what Hunt announces in the Budget.
Some big changes to the tax system no one is telling you about… March 19, 2024 The Budget did little to move the polls, but it included some fundamental philosophical changes to the way we pay tax. Expect unintended consequences, says Tim Sarson Budgets are fleeting spectacles. Like a passing squall they arrive with a few gusts of media speculation, dominate the news for a week at most, then blow themselves [...]