KPMG UK increases partner pay after profit jumps
KPMG UK recorded a double-digit growth in profit before tax over 2024, a better performance than 2023, however, its revenue only increased by one per cent
Jaguar Land Rover: Profit suffers £100m reverse despite sales rise
Jaguar Land Rover (JLR) has revealed its pre-tax profit reversed by more than £100m during its latest quarter despite a rise in sales. The automotive giant has posted a pre-tax profit of £523m for t
‘Not a second to waste’: City of London calls for action to back up Reeves plans
The City of London has warned the government there “isn’t a second to waste” in pushing through its growth plans today after the Chancellor Rachel Reeves set out proposals designed to kickstart
Tesco to cut 400 jobs as it moves to ‘more efficient’ working
Tesco has announced plans to cut more than 400 jobs in a bid to improve efficiency at the grocer, following in the footsteps of Sainsbury’s, Asda and Morrisons. The supermarket giant said that the �
Over 100 Lloyds, Halifax and Bank of Scotland branches to close
More than 100 Lloyds, Halifax and Bank of Scotland high street branches are to close, it has been announced. Lloyds Banking Group has confirmed it will shut 136 more high street branches as it acceler
Howden’s insurance conference disrupted by climate activists
An insurance conference held at Howden’s City office was disrupted this morning following a slew of protesters from Extinction Rebellion
Nick Train: ‘I’m running out of ways to say sorry’ for poor performance
Star fund manager Nick Train has apologised again for the poor performance of his £1.4bn Finsbury Growth & Income trust. Over the last five years, the trust’s share price has grown only 10.9 per ce
Crew Clothing plans to open at least 20 stores in 2025
Crew Clothing has revealed plans to open at least 20 stores across the UK this year. The fashion retailer announced its intention to expand further after the brand added 15 new locations over the cour
Reeves confirms backing for Heathrow expansion but refuses to rule out new business taxes
Rachel Reeves has confirmed the government’s backing for a third runway at Heathrow in a major speech on economic growth. The Chancellor addressed journalists, business leaders and cabinet ministers
Next CEO backs Lords battle against National Insurance tax rise
The chief executive of retail giant Next has backed an attempt in the House of Lords to change the planned change to employer’s National Insurance Contributions (NICs). Lord Wolfson has supported am