CITY AM reports on James Dyson’s complaints about the ‘spiteful’ inheritance tax changes.
Author: WTX Business Team
Boeing workers have ended their seven-week strike after voting to accept the company’s latest pay offer. The new contract will give the workers a 38% pay increase over four years, along with a $12,000 one-time bonus and updates to retirement plans.
Why uncertainty over the US election is a nightmare for investors Uncertainty over the US election has put portfolio risk front of mind, as investors seek to both protect themselves from volatility and ensure they are well places to take advantage of the successful candidate’s policies, says Colin Clunie This year’s US Presidential Election, set to take place on 5 November, is predicted to be one of the tightest in history, with the incredibly close polling figures reminiscent of the previous two election cycles. While they are currently indicating a slight lead for Donald Trump in several key swing states,…
Schuh has created over 1,000 jobs since lowest pandemic ebb Schuh has created almost 400 jobs in its latest financial year to push its headcount past where it was before the Covid-19 pandemic struck. The Scotland-headquartered footwear retailer employed 4,369 people at the end of its latest financial year, up from its total of 3,975 in the prior 12 months. Until the end of its year to 3 February, 2024, Schuh had not employed more than 4,000 since the year before the pandemic. The latest total comes after Schuh’s headcount fell as low as 3,286 in the 12 months to…
Bank of England set to lower interest rates as Budget dampens bets for 2025 The Bank of England is expected to lower interest rates this week, while markets are betting on fewer cuts next year after forecasts suggested the new government’s first Budget will push up inflation. Analysts predict members of the Monetary Policy Committee (MPC) will vote to cut the central bank’s base rate by a quarter-point to 4.75 per cent at their next meeting on Thursday. Official figures last month boosted hopes of a cut as inflation fell to 1.7 per cent, its lowest level since April 2021,…
Boeing increases pay offer in attempt to bring an end to seven-week strike Boeing is attempting to resolve a seven-week strike by offering workers a 38% pay increase over four years. The proposal, endorsed by the International Association of Machinists and Aerospace Workers (IAM), will be put to a vote on Monday. The strike, involving over 30,000 workers, began on September 13 and has significantly impacted production, contributing to a financial crisis for Boeing. Previously, workers rejected offers that included a 35% raise. This new deal also features a $12,000 bonus, up from $7,000, and changes to retirement plans. The…
Football regulator boss should come from the Square Mile, says Crouch Former sports minister Tracey Crouch says the incoming football regulator should be run by someone with a background in the City. Crouch has done more than anyone to give rise to the regulator by making it a key recommendation in her fan-led review of football governance. A revised bill laying out the watchdog’s proposed powers was published last week and former Conservative MP Crouch believes it should be helmed by someone whose expertise lies primarily in finance, not football. “Personally, I would love someone with a financial background with…
Labour’s national insurance hike could cost workers hundreds Hiking employers’ national insurance will likely end up making employees worse off despite the government’s attempts to ensure new taxes do not fall on working people, new research suggests. Reports indicate that Rachel Reeves is planning to hike employer national insurance by one or two percentage points while also lowering the threshold at which businesses start paying the levy. HMRC’s projections suggest that a two percentage point hike to employers’ national insurance would raise £18bn. Source link Reeves to pledge millions for NHS appointments in autumn statement Rachel Reeves will announce Labour’s…
HSBC shares pop as bank beats profit estimates and launches $3bn share buyback HSBC has unveiled its latest multibillion-pound share buyback after beating profit estimates in the third quarter as the Asia-focused bank gears up for a major restructuring. The announcement drove HSBC’s share price 4.7 per cent higher in London and up 3.7 per cent in Hong Kong during earlier trading – with both at their highest level in around six years. The London-based lender reported a pretax profit of $8.5bn (£6.6bn) between July and September, up from $7.7bn (£5.9bn) a year earlier. Analysts had expected a profit of…
