Scrapping non-dom regime branded ‘monumentally stupid’ by tax advisors November 1, 2024 Several leading tax and wealth advisors have told City AM that scrapping the non-dom regime without a suitable replacement is a “monumentally stupid decision” that has already prompted some non-doms to leave. One of the key measures introduced in Wednesday’s budget was abolishing the non-dom status, a regime that allowed certain tax breaks for people [...]
Chancellor Rachel Reeves delivered Labour’s first Budget in 14 years, announcing £40bn of tax rises, Central London Alliance comments November 1, 2024 Given the straitened public finances it is understandable to leave no stone unturned when looking to balance the books, and we welcome the much-needed investment in the public services. But business owners, the ones creating jobs, are paying this bill. The likely outcome; job losses. Business owners are the lifeblood of the economy, driving growth [...]
Shepherd Neame Ltd November 1, 2024 Shepherd Neame has been based in the market town of Faversham, Kent for over 300 years. Perhaps best known for great British classic ales such as Spitfire Amber, which carries the Royal Warrant, its diverse portfolio includes Bear Island East Coast Pale Ale and Bear Island Triple Hopped Lager, and the Whitstable Bay Collection. It [...]
Motor finance industry in crisis mode after landmark court ruling November 1, 2024 Motor finance providers are scrambling to avoid a full-blown market meltdown after a landmark London court ruling on "secret" car loan commissions sparked chaos across the sector.
How will the Budget impact the prime housing market? November 1, 2024 The Budget was, by and large, a set of fiscal promises for people who rely on public services. So with that in mind, how might the Budget affect the prime housing market, a market exclusively for the UK’s wealthiest buyers? Prime houses are typically defined as the upper five per cent of houses in any [...]
Game developer targets London for dual listing to expand Western reach October 31, 2024 Winking Studios, a Singapore-based game development giant, has announced plans to list on the London Stock Exchange’s AIM market, as it looks to strengthen its foothold in Western markets. Already listed on Singapore’s Catalist board, Winking says the dual listing will allow it to tap into the UK’s capital-rich tech investor pool and drive growth [...]
Selfridges sinks further into the red as sales at luxury department store falter October 31, 2024 Luxury department store chain Selfridges has lost more than £400m since it last made a pre-tax profit, it has been revealed. The business, which has UK stores in London, Birmingham and two in Manchester, passed the milestone after falling to a £41.9m loss in the year to 3 February, 2024. It comes after Selfridges previously [...]
The Capitalist: Brewdog’s Linkedin love-in; Stormzy’s house party; a new City landmark October 31, 2024 Hair dyeing disasters, Brewdog's Linkedin love-in and a Christmas visit for the City: catch up on the latest gossip in The Capitalist.
Square Mile and Me: Broadridge International president Mike Sleightholme October 31, 2024 Each week we dig into the memory bank of the City’s great and good. Today, it's Mike Sleightholme, international president of S&P 500 fintech Broadridge.
Autumn Budget 2024: All the key announcements October 30, 2024 After weeks of speculation, Rachel Reeves has delivered her first Budget as Chancellor to the House of Commons. The Budget was the first from a Labour government in 14 years and the first one ever by a female Chancellor. The 77-minute address to MPs featured a wide range of announcements which City AM has summarized [...]