Britain is at a crossroads when it comes to major infrastructure upgrades. Indeed, as Hinkley Point C and Sizewell C continue to be built, a new fleet of small modular reactors (SMRs) is among a score of projects promised for the coming decades. HS2 has also consistently appeared in the spotlight, with reports most recently…
By John-Paul Ford Rojas Updated: 00:05 GMT, 28 October 2024 Changing the rules: Rachel Reeves Labour will splurge an extra £17.5billion on servicing debt interest over the course of the Parliament after Rachel Reeves changed the borrowing rules, Goldman Sachs has predicted. The Chancellor will use a different measure of debt to borrow up to…
By Jessica Clark Updated: 21:50 GMT, 27 October 2024 On the move?: Shell faces questions over its future Shell will this week face questions from investors over its future on London’s stock market amid fears it could switch its listing to New York. Chief executive Wael Sawan sparked speculation earlier this year when he said the…
By Jessica Clark Updated: 14:26 GMT, 27 October 2024 Czech billionaire Daniel Kretinsky looks set to buy Royal Mail owner International Distribution Services, pending a national security probe Royal Mail will take longer to deliver millions of business letters as part of a trial ahead of official changes to regulations. The Ofcom watchdog will consult on…
FEARSOME DUO: Sir Martin Sorrell with office dogsbody Ferus at HQ Sir Martin Sorrell admits his views about working from home may seem old-fashioned. He would prefer staff at digital marketing firm S4 Capital to come in more often. But he is more open to another modern office practice – bringing a pet to work….
By Patrick Tooher Updated: 23:01 GMT, 26 October 2024 The Government’s debt mountain is set to soar to ‘unsustainable’ levels even under the Chancellor’s new fiscal rules, official figures show. Rachel Reeves last week binned the old method of measuring public debt, paving the way to saddle future generations with vast liabilities. Her new rules…
Starmer: Those who profit from shares ‘not within my definition of a worker’ Comments fuel fears over what Rachel Reeves will announce in Budget Ministers under increasing scrutiny over who qualifies as a ‘working person’ By Hugo Duncan Updated: 21:55 BST, 25 October 2024 Gaffe: Keir Starmer has been accused of a ‘huge own goal’…
By City & Finance Reporter Updated: 21:50 BST, 25 October 2024 Sell-off: White Stuff was founded in 1985 White Stuff has been snapped up by South African-based retail firm The Foschini Group (TFG). It is understood TFG, which also owns Hobbs, Whistles and Phase Eight, will pay around £50m for the High Street fashion chain. TFG…
By City & Finance Reporter Updated: 21:50 BST, 25 October 2024 The billionaire Bamford family has taken a £300m payout from JCB before Labour’s tax raid on the wealthy. The digger maker, controlled by Tory donor Anthony Bamford, 79, and his relatives paid out the biggest dividend in nearly a decade last year. Bamford, a…
By John-Paul Ford Rojas Updated: 21:50 BST, 25 October 2024 Warning: NatWest boss Paul Thwaite NatWest’s boss yesterday warned that businesses’ optimism has dipped since the summer as firms worry about the Budget. Paul Thwaite said uncertainty over Rachel Reeves’s plans, together with the US election and wider global tensions, was weighing on sentiment. The…
