Harvester and Toby Carvery Braces for £100M Hit as UK Tax Changes Loom Mitchells & Butlers, the owner of some of the UK’s most beloved dining chains such as Harvester, Toby Carvery, and All Bar One, is warning of a significant financial hit. The hospitality giant announced that it will face a £100 million blow […]
BRC Chair Warns of Rising Prices Due to Upcoming Tax Hikes in the Budget The UK government's recent announcement of tax increases in the 2024 Budget has stirred a wave of concern across various sectors, particularly retail and hospitality. Industry leaders, including Andy Higginson, chair of JD Sports and the British Retail Consortium (BRC), are […]
European Markets Plunge as U.S. Election Sparks Economic Concerns and Mining Stocks Decline Global Market Volatility Signals Economic Uncertainty Amid New Inflation and GDP Data On Tuesday, European stock markets tumbled as the recent U.S. presidential election stirred investor concerns about the impact of Donald Trump's potential return to the White House. The pan-European Stoxx […]
Here’s Why Kevin O'Leary Says Your Morning Latte Could Be Sabotaging Your Financial Future The cost of coffee is hitting new highs, and the latest spike might just be the beginning. For millions of coffee enthusiasts, the daily ritual of a steaming cup of Joe is about more than just caffeine—it's a beloved routine. But […]
Yesterday, the Federal Reserve cuts US interest rates for the first time in four years. America’s central bank, which lifted rates to a two-decade high announced a cut of 50 basis points. Back in 2023, Billionaire and Millionaire investors were adding to their cash mountains, betting on higher interest rates and weak stock markets. More than a […]
But as much of the workforce split their time between the office and home, it’s not a simple case of installing more energy-saving lightbulbs and solar panels anymore. Sure, many could drastically cut their tech stack, such as moving from on-premise to the Cloud, but employees still need the tools to do their jobs. Waging […]
It can certainly be said that businesses have had to face a very significant level of economic turmoil in recent years. The Covid-19 pandemic along with its long-enforced lockdowns was an enormous challenge for all industries, but this was only compounded by further problems such as the Russian invasion of Ukraine and an unsteady political […]
The move comes after Musk warned earlier this month that he has a “super bad feeling” about the economy amid record-high inflation. In a memo to executives, titled “pause all hiring worldwide”, Musk said that around 10% of jobs at Tesla need to be cut, though he added that the company would be increasing hourly […]
Following two years of economic turmoil triggered by the pandemic, many companies would have thought the worst was behind them. Yet 2022 has thrown a new wave of challenges which undermines the productivity, growth, and ultimately, survival of UK firms. With inflation rising up to 9% - a 39-year high and recent figures displaying that […]
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