Profit at BHP has slumped to a five-year low as lower iron ore prices and economic turbulence have hit the mining giant. The firm posted underlying attributable profit of $10.2bn …
Investing
Budget: Growing concern gambling tax could impact hospitality
There is growing concern that the potential gambling tax levied by Rachel Reeves and the Treasury could have a knock on effect into the hospitality industry. A levy that would …
Horizon fallout: How the SRA is turning up the heat on City firms
Following the Post Office Horizon scandal, the SRA is turning up the heat on in-house solicitors and their employers. Jenifer Swallow and Omar Salem dig into what it means for …
Quiet quitting 2.0: Forget Gen Z, it’s CEOs who are checking out
Gen Z has long been berated for disengaging, but it’s higher up the ladder where the real damage is done. Welcome to quiet quitting 2.0: when the C-suite checks out …
Boots on the ground in Ukraine? Brits don’t want to fund it
With an electorate that doesn’t back higher defence spending, Healey’s promise to put troops in Ukraine looks like political grandstanding, writes Michael Martins When I worked at the US State …
Profit at Lucozade maker soars despite cost pressures
Profit at Suntory Beverage & Food, which owns both Lucozade and Ribena, has been boosted by higher demand for sports refreshments and ready-to-drink alcohol. Turnover at the company, which has over …
Just how many non-doms are leaving the UK?
Since the Chancellor announced her non-dom crackdown, advisers, campaign groups and economists have warned an exodus of wealthy foreigners is afoot. But after a report claimed that departures were less …
Audit costs for English councils soar as bankruptcies mount
Audit costs for local English councils have more than tripled over the past three years, coinciding with a period in which many councils have fallen into bankruptcy. A new report …
Exclusive: Business Live dropped from Sky News in ‘premium’ push
Sky News has cancelled its daily Business Live news programme, leaving the channel without a stand-alone business programme for the first time since 2013, City AM can reveal. The broadcaster’s …
London businesses optimistic for future economic growth, KPMG says
The vast majority of private business owners in London have recorded rocketing optimism about their growth prospects, but concerns surrounding the impact of inflation remain, according to the latest KPMG …