Inflationary pressures continued to ease in June, according to a Bank of England survey, but progress may slow in the coming months. The Bank’s decision maker panel, which surveys CFOs …
Personal Finance
Sir Jim Ratcliffe: Ineos boss bins electric vehicle plans amid ‘reluctant’ demand
Sir Jim Ratcliffe has binned plans to build an electric vehicle just months after they were first unveiled, citing falling consumer demand. Production of the Ineos Fusilier SUV in both …
Global tax battle heats up as Portugal to bring back benefits for skilled foreigners
Portugal’s centre-right minority government has said it will bring back a tax break for high-skilled foreigners. The country aims to stimulate growth by attracting the international elite to its shores. …
Over one million new cars registered in 2024 in post-pandemic record
More than a million new cars were registered in the UK during the first half of the year for the first time since before the pandemic, new industry figures show. …
Fall in housebuilding contributes to easing construction activity
The construction sector remained in expansion in June, a closely watched survey shows, although the rate of growth eased due to a slowdown in housebuilding. S&P’s purchasing managers’ index (PMI) …
Ground Rents Income Fund’s net asset value plunges after leasehold reform
Schroders’ Ground Rents Income Fund has published a its long-delayed full year results for the year to 30 September 2023. The trust revealed that “significant challenges… largely out of its …
Government should penalise UK start-ups that list abroad – City lobby group
An influential City lobby group has urged the next government to explore methods of penalising start-ups that receive taxpayer-funded support if they later opt to list or move valuable operations …
Smith & Nephew shares jump after activist investor Cevian takes stake
Shares in medical equipment manufacturer Smith & Nephew jumped on Thursday after it disclosed Cevian Capital, Europe’s largest activist investor, had taken a stake. The FTSE 100 firm’s stock price …
Assura boss warns of ‘severe’ pressures on health infrastructure alongside solid results
The CEO of health property investor Assura warned alongside its first quarter results that the UK’s healthcare crisis is getting more severe and putting unprecedented pressure on the sector’s infrastructure. …
Peel Hunt enjoys revenue boost amid ‘pick up’ in capital markets activity
Peel Hunt has reported increased revenue this year amid signs of a recovery in IPO activity as the investment bank and London Stock Exchange alike look to bounce back from …