Author: Press Room
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The UK’s biggest retailers, factories, offices and even hospitals face an estimated £1.6bn of extra costs from next year after they were excluded from a freeze on business rates in the Autumn Statement on Wednesday.However, smaller and independent businesses will continue to benefit from the freeze, plus a 75 per cent discount on the rate, for a further year. Rates bills for about 220,000 larger commercial properties, predominately occupied by retailers, will rise next year in line with inflation, amounting to £1.6bn a…
© Reuters. Macy’s Santa Claus, appears on the trading floor to celebrate the 97th Macy’s Thanksgiving Day Parade at the New York Stock Exchange (NYSE) in New York City, U.S., November 22, 2023. REUTERS/Brendan McDermid By Lewis Krauskopf (Reuters) – A look at the day ahead in Asian markets from Lewis Krauskopf, markets correspondent. Markets were buoyant ahead of Asia trading and the Thanksgiving holiday in the U.S., with stocks resuming their massive rally this month that has been fueled by hopes of a more benign interest rate backdrop. Wall Street’s benchmark closed up 0.4%, and was nearing a fresh…
© Reuters. FILE PHOTO: A Volkswagen logo is seen during the New York International Auto Show, in Manhattan, New York City, U.S., April 5, 2023. REUTERS/Andrew Kelly/File Photo (Reuters) – Volkswagen (ETR:) said on Wednesday that it would hike salaries for production workers at its Tennessee-based Chattanooga assembly plant by 11%, weeks after the United Auto Workers union won significant pay and benefit hikes from the Detroit Three automakers. The German company and other non-union automakers in the U.S. have come under increased pressure to improve pay and benefits following the record contracts achieved by the UAW in late October…
anaimd/iStock via Getty Images Vista Outdoor (NYSE:VSTO) rose 2% in after hours trading after Colt CZ Group proposed a business compation that would value Vista at $30 a share. Vista Outdoor holder Colt’s plan includes a $900 million buyback that would be executed post-closing, funded by $600 million of new equity issued at the transaction price and an incremental $300 million of debt, according to a letter Colt wrote to Vista’s board on Wednesday. Colt has a 5.7% stake in Vista, according to its latest 13D filing. “We would keep the company together, allowing continued upside for current Vista shareholders…
© Reuters. FILE PHOTO: A representation of cryptocurrency bitcoin is seen in front of a stock graph and U.S. dollar in this illustration taken, January 24, 2022. REUTERS/Dado Ruvic/File Photo (Reuters) – rose 5.7 % to $37,802 at 2129 GMT on Wednesday, adding $2,044 to its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is up 42.5% from the year’s low of $26,533 on Oct. 11. Ether, the coin linked to the ethereum blockchain network, rose 7.94 % to $2,087.9 on Wednesday, adding $153.6 to its previous close.
Chris Jankowski, the chief executive of Never Back Down, the main super PAC backing Gov. Ron DeSantis’s presidential bid, resigned on Wednesday, following the creation of a new outside group supporting Mr. DeSantis and publicly aired infighting among his allies.Mr. Jankowski sent a resignation note to the board of Never Back Down, according to a person briefed on the matter. The resignation was effective immediately.The departure came after days of internal tensions within Never Back Down, which along with the DeSantis campaign has repeatedly pressed the boundaries of what super PACs usually do. Presidential campaigns are legally barred from coordinating…
Real family gatherings might not look like a gauzy image on a greeting card. Let’s face it: there is conflict in lots of families, ramped up when they gather. Can you do anything about that tightness in your belly at the thought of who’s coming for dinner? We think so, based on hearing from many families, particularly those with elders, here at AgingParents.com. Part of the difficulty with holiday gatherings is expectations. You want it to be nice. You want no arguing. You expect that if there is a lot of preparation and work and good food, that will make…
Have you ever dreamed of living life on your own terms? A life where you aren’t shackled by only two weeks of annual PTO and are able to do what you want, when you want, and with who you want? Most struggle with the idea of leaving something already good for the possibility of something great. This is exactly what Brian Luebben did, leaving his six-figure sales job to build his own business, all while traveling full-time around the world. What would motivate a person to suddenly quit a cushy job, where they were slotted for promotion after promotion? That’s…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Jeremy Hunt took a political gamble on Wednesday when he allocated no extra funding for NHS England in the Autumn Statement, according to health leaders, as the service heads into one of the toughest winters on record.NHS chiefs have warned of a crisis in the service, calling for an urgent cash injection as a wave of strikes by health workers since December 2022 has compounded the funding pressures facing the sector. Dr Layla McCay, NHS Confederation director of policy, described the statement…
© Reuters. FILE PHOTO: A general view shows the Bank of England in London, Britain, September 21, 2023. REUTERS/Peter Nicholls/File Photo By David Milliken LONDON (Reuters) – Demand for British government bonds has recovered from the damage dealt by the market turmoil which followed then Prime Minister Liz Truss’ mini-budget last year, the chief executive of the UK Debt Management Office said on Wednesday. Robert Stheeman, who is responsible for selling 237 billion pounds ($295 billion) of British gilts to investors this financial year, said he had been impressed by the rapid rebound. “Considering the challenges that the gilt market…