A video is playing on a vast screen above the atrium of Marks & Spencer’s headquarters in Paddington, West London. The first images come from the retailer’s new TV Christmas food advertisement, starring Dawn French dancing amid tables laden with fare from the M&S ‘merry menu’. A visitor to the offices murmurs under his breath…
By PATRICK TOOHER Updated: 10:49 GMT, 10 November 2024 Sweeping reforms: Chancellor Rachel Reeves Rachel Reeves set to unveil sweeping reforms to encourage pension funds to ‘buy British’ and ‘fire up’ the economy. The Chancellor will use her keynote Mansion House speech this week to say lessons must be learnt from Canadian retirement schemes, who have…
By CALUM MUIRHEAD AND GEORGE DILLON Updated: 21:51 GMT, 9 November 2024 The Government should introduce a five-year tax break on businesses to encourage them to relocate to the UK, a leading fund manager has said. Stephen Yiu, head of the Blue Whale Growth Fund, a £1.1 billion portfolio backed by City veteran Peter Hargreaves, said…
By PATRICK TOOHER Updated: 21:51 GMT, 9 November 2024 Households are saving more and spending less as they hunker down ahead of an expected steep rise in mortgage costs when their fixed-rate deals end, the Bank of England has warned. The news will revive fears that the home loans timebomb that exploded in the aftermath…
Warren Buffett, chairman and CEO of Omaha, Nebraska-based holding company Berkshire Hathaway, is one of the world’s most well-known investors, with a net worth north of $145 billion. Image Credit: Eric Francis | Getty Images. Warren Buffett. However, like all successful investors, Buffett had to start somewhere. In his biography The Snowball: Warren Buffett and…
By JON HOPKINS Updated: 12:04 GMT, 9 November 2024 Housebuilders have been basking in a positive light since the Bank of England started cutting interest rates and the Labour government pledged to boost spending on housing. However, conditions in the sector seem to be more uncertain for some, with a second profit warning in a…
By JESSICA CLARK Updated: 22:52 GMT, 8 November 2024 Concern: American billionaire Bill Ackman American billionaire Bill Ackman plans to scrap his investment fund’s listing in Amsterdam in favour of London after anti-Semitic attacks on football fans in the Dutch capital. Shares in Pershing Square are traded in both the Netherlands and the UK where the…
By ALEX BRUMMER Updated: 22:52 GMT, 8 November 2024 The economic tumult of the last ten days has been immense. Labour’s tax and spend Budget, the election of Donald Trump with the prospect of tax cuts and tariffs on imports, and a reduction in borrowing costs on both sides of the Atlantic still are being…
Chrystia Freeland says that a unified stance towards China will give Canada a “firm foundation” in upcoming trade negotiations with the United States and president-elect Donald Trump. Deputy Prime Minister and Finance Minister Freeland spoke to reporters Friday after the first meeting of the newly revived cabinet committee on Canada-U.S. relations, which she will again…
Serco was the FTSE 250’s second-biggest faller behind Vistry Group on Friday From April 2025, the employers’ NI rate on salaries is set to increase to 15% By HARRY WISE Updated: 15:50 GMT, 8 November 2024 Serco shares slumped on Friday after the outsourcing giant warned of higher labour costs and the loss of a lucrative…
