The S&P Global UK Manufacturing Purchasing Managers’ Index dipped to 49.9 A score above 50 indicates growth, while all numbers under denote contraction By Harry Wise Updated: 13:52 GMT, 1 November 2024 UK factory activity contracted last month following a drop in new orders ahead of the Labour Government’s first budget, data shows. The S&P…
By Daily Mail City & Finance Reporter Updated: 22:03 GMT, 31 October 2024 Amazon and Apple raked in nearly £200billion of revenue in just three months as they continued their push into artificial intelligence (AI). In a bumper week for US tech, Amazon reported an 11 per cent rise in sales to £123billion for the…
By Daily Mail City & Finance Reporter Updated: 22:03 GMT, 31 October 2024 Shares in British housebuilders tumbled yesterday as investors trimmed bets on Bank of England interest rate cuts in the wake of the Budget. On a day of turmoil on financial markets amid concerns over Rachel Reeves’s borrowing plans, blue chip developer Persimmon…
Inheritance tax rules have long been a minefield, catching out even the most prepared families. But major reforms announced by Chancellor Rachel Reeves during the Budget yesterday have added yet more complexities. There are still many legitimate ways to pass down your wealth to loved ones without paying tax. However, fail to abide by the…
By Jessica Clark Updated: 22:35 GMT, 30 October 2024 The Chancellor was yesterday forced to water down a tax raid on private equity bonuses amid fears it would spark a mass exodus from the UK. Rachel Reeves increased the tax on carried interest – the portion of investment returns shared by private equity executives –…
Baby boomers are the least likely generation to feel economically empowered, according to a survey commissioned by Herbalife and conducted by OnePoll, per Talker. Perhaps that comes as no surprise, considering 53% of baby boomers who will turn 65 between 2024 and 2030 have less than $250,000 in assets, CBS News reported, and more than…
By Mike Sheen Updated: 15:02 GMT, 30 October 2024 Big day: Chancellor Rachel Reeves is due to deliver her Budget Chancellor Rachel Reeves today finally delivered her highly anticipated tax-and-spend Autumn Budget. She was tasked herself with closing a claimed ‘£22billion black hole’ in the UK’s public finances, fixing public services and reviving economic growth….
By Live Commentary Updated: 08:55 GMT, 30 October 2024 Chancellor Rachel Reeves will later today announce what is expected to mark the biggest round of tax hikes in 30 years, as well as billions of pounds of extra borrowing. Labour’s bid to fix public services and revitalise the British economy has driven a degree of…
By Jessica Clark Updated: 22:22 GMT, 29 October 2024 BP yesterday posted its lowest quarterly profits since the pandemic as the oil and gas industry braced for a Budget tax raid. The energy giant’s third quarter earnings fell 30 per cent to £1.8billion – the lowest level in four years – amid a slowdown in global…
Pearson revealed its underlying revenues increased by 4% in the third quarter CEO Omar Abbosh: ‘We are accelerating our AI capabilities across the business’ By Harry Wise Updated: 16:20 GMT, 29 October 2024 Pearson has credited its recent investment in artificial intelligence with helping to drive sales growth over the most recent quarter. The educational…
