Category: Finance News

Nov 6

Suppliers warn farming inheritance tax will jeopardise UK food security

Farming leaders and suppliers are warning that Chancellor Rachel Reeves’s inheritance tax on farming assets exceeding £1 million could undermine Britain’s food security, making the UK more dependent on foreign imports. Senior business figures, including Nigel Murray, managing director of Booths supermarket, have voiced concerns that the tax changes could erode incentives for domestic food […]
Nov 6

Asos optimistic about turnaround despite £380m loss

Asos has expressed confidence in its recovery strategy despite reporting a £380 million pre-tax loss for the past financial year. The online fashion retailer has halved its inventory levels since 2022 and shifted focus to full-price sales, aiming to improve profitability. Chief Executive José Antonio Ramos Calamonte described recent changes as “medicinal,” with measures such […]