The UK’s tax take has increased faster than any other major economy since 2019, according to new research from the Institute of Fiscal Studies (IFS). Although the UK started the …
April 2024
Workspace Group reports ‘resilient’ customer demand in the fourth quarter
Flexible office space provider Workspace Group reported resilient customer demand in the fourth quarter ending March 31st, completing 343 new lettings. The FTSE 250 company said it saw “significant customer …
‘Czech Sphinx’ West Ham director makes bid for Royal Mail owner IDS
A major European conglomerate led by Daniel Křetínský, who is known as the Czech Sphinx, has had a bid for Royal Mail’s parent company International Distributions Services (IDS) knocked back. …
Timing of Bank of England interest rate cuts thrown into doubt after hot inflation data
Markets have grown increasingly jittery about the timing of the first interest rate cuts in the UK and the latest batch of data this week will have done nothing to …
Brooks Macdonald outflows surge to £300m as cost-cutting pays off
Investors in Brooks Macdonald pulled £300m from the asset manager’s funds last quarter, as the firm’s cost-cutting programme begins to come to fruition. The outflows were a significant uptick from …
Easyjet founder’s charity hands out £300k to three budding entrepreneurs
A new UK competition, set up by the founder of Easyjet, Sir Stelios Haji-Ioannou, has just awarded a total of £300k to three young entrepreneurs on a mission to contribute …
Post Office chief Nick Read ‘exonerated of all misconduct’ claims in external report
The head of the Post Office has been “exonerated of all misconduct allegations” in an independent and unseen report released today. Nick Read was let off the hook by an …
Volkswagen Touareg eHybrid review: Power to the people
The literal translation of ‘Volkswagen’ is ‘people’s car’, but there is nothing proletarian about a price tag from £68,065. This puts the Touareg up against some decidedly premium competition, including …
Semiconductor giant ASML says sales blip is ‘warning sign’ for chip-makers like Apple supplier TSMC and Intel
ASML, the world’s largest supplier to the semiconductor industry, missed sales forecasts in its first quarter sending shares down 4.5 per cent in pre-market trading. The Dutch technology giant reported …
London Gatwick co-owner strikes £1.27bn deal for majority stake in Edinburgh Airport
A majority stake in Edinburgh Airport has been acquired by French infrastructure group Vinci for £1.27bn, it has been confirmed. The group has agreed to snap up 50.01 per cent of …