UK businesses are grappling with an additional 10% average cost for gas and electricity, as revealed by a prominent litigation law firm in a new report. The firm, Harcus Parker, is leading a collective legal action involving thousands of small enterprises seeking to recover up to £2 billion in undisclosed broker fees added to their […]
The UK achieved a significant milestone last month as the one millionth electric car was registered, marking a noteworthy accomplishment despite a notable decline in sales, according to recent data. Private registrations for new electric vehicles (EVs) experienced a 25% decrease in January, posing a potential challenge to the country’s commitment to achieving net-zero emissions. […]
UK companies find themselves grappling with the second-highest levels of financial distress, as revealed by the Weil European Distress Index. German firms lead the distress index, reflecting the broader challenges faced by businesses across the continent. The primary driver for financial distress in the UK is dwindling profitability, echoing a trend observed throughout Europe. A […]
The UK Government is reinforcing its dedication to the nation’s 5.5 million small businesses through the establishment of a groundbreaking Small Business Council, set to launch next month. This council, a pivotal extension of the Department’s existing SME support, will serve as an exclusive platform for small businesses, ensuring their voices are heard within the […]
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THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe O’Connor, Gabriel Friedman, Victoria Wells and others. Daily content from Financial Times, the world’s leading global business publication. Unlimited online access to read articles from Financial Post, National Post […]
Labour will not raise corporation tax above its current rate of 25% during the next parliament, the party has pledged, in an attempt to offer businesses greater certainty – but the promise has prompted warnings about a lack of fiscal flexibility. The shadow chancellor, Rachel Reeves, said the tax pledge included maintaining full expensing, which […]
The hospitality industry has warned of an estimated £350 million hit from the latest train strikes, lifting the cost to businesses to more than £4 billion since the action began. The Night Time Industries Association said it was “deeply concerned” about the “significant repercussions” that industrial action organised this week by Aslef, the train drivers’ […]
Amazon has announced revenues of $170 billion in the final quarter of 2023 thanks to a boost in Christmas shopping. The retail giant’s financial results beat analysts’ expectations and sent shares soaring by more than 8 percent in after-hours trading. Revenue in the fourth quarter rose by 14% compared to the same period last year. […]
Meta shares soared 15 percent in extended trading after the company tripled its profit and posted sharply higher revenue in the final quarter of 2023. The California-based tech giant announced it earned $14 billion, or $5.33 per share, from October to December last year – up from $4.65 billion, or $1.76 per share, a year prior. Revenue, meanwhile, […]