Rachel Reeves has refused to rule out a hike to capital gains tax, insisting it was vital to “strike the right balance” when it came to fiscal policy. The Chancellor …
Investing
Construction activity hits fastest pace in two years as housing sector returns to growth
Activity in the UK construction sector hit its fastest pace in just over two years, a closely watched survey showed, as the housing sector returned to growth. S&P’s purchasing manager’s …
Iceland sheds 1,000 jobs as sales pass £4bn and loss slashed
Sales at supermarket giant Iceland passed the £4bn mark during its latest financial year as its pre-tax loss was slashed by more than £30m, according to newly-filed accounts. The Flintshire-headquartered …
Zalando: Online fashion giant reports strong growth after push into AI
Online shopping giant Zalando reported strong growth in the second quarter as it leaned into artificial intelligence (AI) in search of a bigger share of the e-commerce fashion and lifestyle …
UK fintech investment almost triples in first half of 2024 as sector outperforms Europe
Investment in the UK’s fintech sector almost tripled in the first half of 2024, new data shows, as a slew of major deals helped the country retain its title as …
Irwin Mitchell: England Rugby’s legal partner’s profit jumps 45 per cent
City-based law firm Irwin Mitchell saw revenue and profit jump over the last financial year as it refreshed its strategy in a bid to be “the firm of choice for …
Audemars Piguet helps fuel booming UK luxury watch market as sales surge
The UK arm of luxury Swiss watchmaker Audemars Piguet has hailed its “robust financial health” after its sales jumped during 2023. The division, which is headquartered in London, has posted …
Travis Perkins lowers profit forecast on housing market slowdown
British builders’ merchant Travis Perkins has lowered its operating profit expectations for the full year as it grapples with a tougher trading environment and weaker demand in the housing market. …
Biggest UK lenders including Natwest, Lloyds and Nationwide could fail safely in a crisis, Bank of England says
The Bank of England has said any major UK lender could be safely wound down in a crisis without causing disruption to banking services or forcing a taxpayer bailout. The …
London pub group handed lifeline after administration and closure woes
A London pub company that partly collapsed into administration earlier this year and closed a number of sites has agreed a £61m rescue deal. RedCat Pub Company, which was founded …