Poundland has announced it will reopen 19 more former Wilko stores in the next two weeks, bringing the total number of Wilko-to-Poundland conversions to 56. The sites will open under the Poundland brand, stocking the extensive grocery, household and general merchandise ranges found in Poundland stores. They will also sell the latest Pepco family clothing […]
Porsche has reported a jump in sales and profits in the first nine months of the year thanks to strong performances from its bestselling Cayenne series and all-electric Taycan. Sales revenue rose 12.6 per cent to €30.13bn (£26.27bn) on the back of near 10 per cent year-on-year rise in deliveries to 242,722. The revenue increase […]
Santander’s UK division saw healthy pre-tax profit in the first nine months of 2023 but has slashed UK mortgage lending amid higher interest rates. This increase was driven by an eight per cent rise in net interest income from higher interest rates, although offset by falling lending margins. Customer loans and deposits fell amid a […]
The attorneys general of dozens of US states are suing Instagram and its parent company Meta over their impact on young users, accusing them of contributing to a youth mental health crisis through the addictive nature of their social media platforms. Filed in federal court in Oakland, California, on Tuesday, the lawsuit claims Meta, which […]
Britain’s financial regulators have confirmed that the cap on bankers’ bonuses will be scrapped from next week as part of a post-Brexit bid to boost the attractiveness of the City of London. Since 2014, under rules inherited from the European Union, banks, building societies and investment firms have had to limit bonuses for employees to […]
The UK unemployment rate remains low, according to the latest official figures. The figure stood at 4.2% in the three months to August this year, after changes to the Office for National Statistics (ONS) survey method. Under the new means of assessing the labour market, there has been no change in the level of joblessness […]
A total of 23 schemes will receive a share of the York and North Yorkshire Net Zero Fund, investment which has been unlocked by the region’s proposed devolution deal and will be allocated by the Department of Levelling Up and Communities, subject to devolution progressing for York and North Yorkshire. Parliamentary debates on devolution for […]
Government borrowing in September was lower than most economists had expected but remains high, figures show. Borrowing – the difference between spending and tax income – was £14.3bn last month. This was £1.6bn less than a year earlier, but the sixth highest in September since records began in 1993. The statistics come ahead of the […]
Billionaires should face a minimum tax rate, according to a report which found some of the world’s mega-wealthy are paying little to no tax. The EU Tax Observatory said most people pay a higher rate than the super-rich, who, it said, are able to use complex business structures for avoidance. It suggested a minimum 2% […]
Senior Tories are considering an “aspirational” pledge to slash stamp duty in an attempt to turn around the Conservative Party’s political fortunes. Sir Keir Starmer positioned himself as the heir to Tony Blair after Labour won the previously safe Tory seats of Mid Bedfordshire and Tamworth with swings of more than 20 percentage points in […]