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Sunak unveils ‘super deduction’ tax break for companies to spur UK economy  (33 minutes old)

Chancellor surprises business leaders with Budget announcement that corporation tax will rise to 25% in 2023

Budget 2021: What it means for your money (53 minutes old)

Key changes affecting personal taxes, pensions, investments, savings and property

Sunak chooses Darlington as Treasury’s northern hub (2 hours old)

Chancellor’s move is part of levelling-up agenda for the north of England

Greensill Capital prepares to file for insolvency (4 hours old)

Apollo Global Management is in talks to buy up parts of the business

Nicola Sturgeon rejects claims she misled Scottish parliament (4 hours old)

First minister says she acted properly and accuses former mentor Salmond of ‘deeply inappropriate behaviour’

Investors push back against UK listings overhaul (40 minutes old)

Fund managers say proposals risk ‘watering down’ requirements for issuers

Property and the pandemic: the great reckoning that never seems to arrive (9 hours old)

US creditors are wary of calling in commercial real estate loans because many do not want to be saddled with undesirable assets

Payback will follow the ‘Bounceback Budget’  (31 minutes old)

Higher earners are braced for future tax rises to pay for post-pandemic stimulus

© Copyright The Financial Times Ltd 2021. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Business | The Guardian

Closing UK furlough scheme this autumn is a mistake, says NIESR (218 days old [28/07/20])

Thinktank says ending Covid-19 wage subsidy scheme from August could cost 1.2m jobsThe government closing its furlough scheme this autumn is a “mistake” that will drive up unemployment by 1.2 million by Christmas, one of the UK’s leading economics thinktanks has warned.Sounding the alarm over the mounting risk to jobs, the National Institute of Economic and Social Research (NIESR) said extending the wage subsidy scheme until the middle of next year would dramatically cut the number of redundancies across Britain and would probably pay for itself. Continue reading...

Boohoo vows to 'act decisively' on lawyers' review of UK supply chain (218 days old [28/07/20])

Retailer faced allegations that factories making its clothes in Leicester were paying workers below minimum wageThe online fashion retailer Boohoo has promised to “act decisively” on any recommendations made by lawyers investigating its UK supply chain, after it faced allegations that factories making its clothes in Leicester were paying workers below the minimum wage. So far, the company has not committed to publishing the full report.The independent review is being led by Alison Levitt QC, the former head of law firm Mishcon de Reya’s white-collar crime unit, and on Tuesday the company said [...]

Selfridges to cut 450 jobs as Covid-19 causes 'toughest year' (218 days old [28/07/20])

Redundancies at department store chain follow 700 job losses at Harrods this monthCoronavirus – latest updatesSee all our coronavirus coverageSelfridges is to cut 450 jobs across its department stores, in the latest blow to UK high street retailers hit hard by the coronavirus pandemic.The cuts represent 14% of its workforce and Anne Pitcher, group managing director, said it was the “toughest decision we have ever had to take”. Selfridges operates four department stores in the UK including its London flagship on Oxford Street, as well as a website. Continue reading...

Brexit will deliver double shock to UK economy, study finds (218 days old [28/07/20])

Exclusive: LSE report says even sectors unscathed from coronavirus crisis will be severely affectedA Brexit hit is looming for sectors that have emerged relatively unscathed from the Covid-19 pandemic, analysis by the London School of Economics suggests.The LSE report says Brexit will deliver a double shock to the economy – with business conditions worsening for those sectors that have survived the impact of coronavirus and lockdown measures – whether Boris Johnson secures a deal with the EU or not. Continue reading...

BA cabin crew warn of 'immediate' strike over plans to cut 12,000 jobs (218 days old [28/07/20])

Trade union accuses airline of setting out to fire and rehire thousands of workers on less favourable termsBritish Airways cabin crew have warned the airline to expect an “immediate” strike over plans to cut up to 12,000 jobs following the collapse in demand for air travel because of the coronavirus pandemic.Unite, the trade union which represents thousands of BA employees including cabin crew, engineers and maintenance staff, accused the airline of planning to “fire and rehire” thousands of its workers on reduced terms. Continue reading...

Billionaire bosses to feel the heat over tech giants' massive wealth and power (218 days old [28/07/20])

Extraordinary hearing will see some of the richest men in history called to account for their firms’ market dominanceSome of the richest men in history representing the most valuable companies ever created will be grilled by Congress on Wednesday , as US authorities get increasingly serious about whether tech giants Amazon, Apple, Facebook and Alphabet have become too powerful. Related: Clashes in Portland as Trump’s actions light fuse under protests in other cities Continue reading...

Hong Kong property tycoon pitches new city idea to Ireland (218 days old [28/07/20])

Ivan Ko hopes to find site between Dublin and Belfast to host 50,000 fellow HongkongersA Hong Kong property tycoon wants to build a city in Ireland to host 50,000 emigrants from the semi-autonomous city.Ivan Ko, founder of the Victoria Harbour Group (VHG), an international charter city investment company, hopes to find a 50 sq km site between Dublin and Belfast to create a new city, named Nextpolis, from scratch. Continue reading...

UK broadband users to save £270m after Ofcom price review (218 days old [28/07/20])

Regulator finds 40% of customers are out of contract and most are paying too muchMillions of customers are in line to share in savings of more than £270m a year on the cost of their broadband bills, after Ofcom reached agreement with companies on pricing changes and commitments to offer better deals when consumers’ contracts come to an end.A report released by the telecoms and media regulator found that about 40% of UK broadband customers, 8.7 million, are out of contract and most of them are paying higher prices than they could be if they struck a new deal or changed providers. On average, th[...]

BAME representation in UK's top jobs has barely risen in past three years (218 days old [28/07/20])

Colour of Power survey finds issue not addressed despite government-backed targetsThe proportion of black, Asian and minority ethnic people in some of the 1,100 most powerful jobs in the UK has barely moved over the past three years, according to a study that highlights the lack of non-white representation across key roles.Only 51 out of the 1,097 most powerful roles in the country are filled by non-white individuals, an increase of only 1.2%, or 15 people, since 2017, the Colour of Power survey by consultants Green Park and not-for-profit organisation Operation Black Vote said. Continue readi[...]

Coronavirus spurs sales surge for makers of Dettol (218 days old [28/07/20])

Reckitt Benckiser, which owns Vanish, Finish, and Harpic says it’s struggling to sate demand in parts of US and UKCoronavirus – latest updatesSee all our coronavirus coverageConsumer demand for cleaning products from Dettol to Lysol provided a pandemic sales surge for Reckitt Benckiser, although the company admitted it is still struggling to keep shelves stocked in “pockets” of the UK and US.The consumer goods group, which owns brands including Cillit Bang, Nurofen and Durex, beat market expectations with total revenues rising 11.9% to £6.9bn in the first half. Continue reading...

Guardian News and Media Limited or its affiliated companies. All rights reserved. 2020

Telecoms

FT 1000: the fifth annual list of Europe’s fastest-growing companies (1 day old)

Green energy supplier takes top spot and London remains the city with the most high-growth businesses

Jan du Plessis to step down as BT chair after 4 years (2 days old [01/03/21])

South African has replaced telecoms operator’s chief and reset its relationship with regulator

Verizon gambles on sports betting to restore media business  (2 days old [01/03/21])

Booming US gambling market grants telecoms group’s failed push into content a shot at redemption

Deutsche Telekom revenue tops €100bn for first time  (5 days old [26/02/21])

Takeover of Sprint helps German group to reach a record high for a European telecoms company

AT&T unloads DirecTV stake to TPG and spins off pay-TV units (5 days old [25/02/21])

Deal values satellite broadcast provider at $16.3bn, far less than what telecoms group paid for it

Telefónica cuts dividend as restructuring continues (6 days old [25/02/21])

Spanish telecoms group slashes debt as it slims down and gears up for O2-Virgin Media merger

UK tech company sues Huawei and Goodix for patent infringement (6 days old [24/02/21])

WaveTouch says Chinese rival is ‘spinning gold’ out of its fingerprint sensor system

Inmarsat appoints former Nokia boss as chief (6 days old [24/02/21])

Veteran telecoms executive and dealmaker Rajeev Suri to take reins at satellite group next month

Vantage hopes to take advantage of tower dealmaking boom  (7 days old [24/02/21])

Vodafone’s masts business seeks to scoop up more ‘sleeping beauty’ assets after float

Liberty Global targets deals in Ireland and Poland (8 days old [23/02/21])

Telecoms group see opportunities for further consolidation in European market as it prepares to merge Virgin Media with O2

© Copyright The Financial Times Ltd 2021. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Technology sector

Greensill Capital prepares to file for insolvency (4 hours old)

Apollo Global Management is in talks to buy up parts of the business

Is this Alibaba's watershed moment? (6 hours old)

#techAsia, your guide to the billions made and lost in Asia tech

Huawei to more than halve smartphone output in 2021 (15 hours old)

China’s largest handset maker suffers from US sanctions Biden appears to back

Zooming back to the office (17 hours old)

China as AI superpower, Instacart doubles valuation, Teams new line-up

Building trust in AI systems is essential (20 hours old)

Google and others have to prove the technology can be used for good

Ministers narrow list of niche sectors hit by new UK takeover rules  (21 hours old)

Consultation on further scaling back of industries covered in draft legislation continuing amid business concern

Instacart valued at $39bn in funding round ahead of IPO (22 hours old)

US grocery delivery app says it will use proceeds of $265m round to increase corporate headcount

Zoom: venturing out (1 day old)

The video call software company has plans for an independent future

Why board games offer a rich alternative to video gaming (1 day old)

Traditional games are enjoying a revival during lockdown, while some video game titles have been released in this ancient format

Europe’s largest chipmaker tells car companies to overhaul supply chain (1 day old)

Infineon chief says auto manufacturers cannot expect large inventories to be held for them

© Copyright The Financial Times Ltd 2021. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

BBC News - Business

Budget 2021: Economy to recover 'six months faster than expected' (17 minutes old)

However, the chancellor says repairing the long-term economic damage from Covid "will take time".

Budget 2021: Tax on company profits to rise to 25% (9 minutes old)

Corporation tax will rise from 2023, but there is relief for small firms and breaks for companies that invest.

Budget 2021: 10 ways Rishi Sunak's speech affects you (5 minutes old)

Chancellor Rishi Sunak's Budget is packed with policies that will affect your finances. Here is a guide.

Budget 2021: Business rates holiday extended to June (42 minutes old)

The chancellor's business rates holiday for England will run for another three months.

Budget 2021: Key points at-a-glance (52 minutes old)

Rishi Sunak has delivered his annual Budget in the House of Commons. Here's what you need to know.

Budget 2021: Rishi Sunak to extend furlough scheme until September (17 minutes old)

The move will help millions of people, Rishi Sunak says, ahead of setting out his tax and spending plans.

Budget 2021: Rishi Sunak vows to 'protect jobs and livelihoods' (34 minutes old)

The chancellor extends furlough for workers - and sets out plans to increase business taxes in his Budget.

Budget 2021: Contactless card limit will rise to £100 (3 hours old)

The move, taking effect later this year, will more than double the current limit of £45.

Hill review: London takes aim at Amsterdam with new listing rules (2 hours old)

Under proposals in a new report, company founders could maintain control even after listing them on a London exchange.

Academics face battle over pension scheme deficit (5 hours old)

Trustees of the Universities Superannuation Scheme say contributions must rise steeply.

Copyright: (C) British Broadcasting Corporation, see http://news.bbc.co.uk/2/hi/help/rss/4498287.stm for terms and conditions of reuse.

UK equities

Investors push back against UK listings overhaul (40 minutes old)

Fund managers say proposals risk ‘watering down’ requirements for issuers

European stocks head for third consecutive daily gain (1 hour 8 minutes old)

Domestically focused UK stocks prosper on support measures announced in Budget

UK listings/Spacs: the crown duals (16 hours old)

City-boosting proposals are not enough to offset lack of EU financial services trade deal

Wall Street stocks slip as ‘bubble’ fears mount (17 hours old)

US and Asian bourses retreat after China regulator warns of inflated valuations

Wall Street rallies to biggest one-day rise since June (1 day old)

S&P 500 gains wipe out last week’s heavy falls as equities boosted by stability in bond market

UK plc up for sale as overseas buyers eye bargains (2 days old [01/03/21])

Value of businesses sold to foreign predators continues to break records

Treasury yields fall after savage bond sell-off abates (4 days old [26/02/21])

Nasdaq Composite bounces back from steepest fall since October

US stocks make gains on Fed message of patience over monetary policy  (6 days old [24/02/21])

Sell-off of Treasuries fades

London should be centre of ‘Spac revolution’, says ex-LSE chief (7 days old [24/02/21])

Xavier Rolet and Matthew Elliott call for reforms to attract blank-cheque companies

US stocks rebound as tech-led sell-off eases (7 days old [23/02/21])

Powell signals Fed staying the course with loose monetary policy

© Copyright The Financial Times Ltd 2021. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

Opinion

Rio Tinto: the spare chair (18 minutes old)

Investors ignore the instability at the top at their peril

Payback will follow the ‘Bounceback Budget’  (31 minutes old)

Higher earners are braced for future tax rises to pay for post-pandemic stimulus

China/commodities: blue steel (1 hour 38 minutes old)

Public infrastructure spending, and emission targets, will determine the earnings trend for local steelmakers

Energy is the spark that blows up Amlo’s Mexico plans (1 hour 42 minutes old)

López Obrador’s policies fatally undermine the oil and electricity companies he needs for funds

Germany’s remembrance culture fails to protect present day Jews (2 hours old)

Too few Germans interact with the Jewish community say volunteers of the ‘Meet-a-Jew’ project

Pandemics and the paradox of human progress (3 hours old)

The more we destabilise the planet in the name of advancement, the more pathogens will emerge

Baillie Gifford’s never-sell mantra is a song for fools (4 hours old)

For every Tesla, there’s Nokia, Kodak and Cisco.

The EU’s vaccination rollout badly needs a revamp (4 hours old)

Laggards can learn from more ambitious members of the bloc

The first task of democracies is to put their own house in order (4 hours old)

Joe Biden’s planned summit and Boris Johnson’s ‘D10’ must not turn into anti-Chinese fronts

The curious appeal of Birkenstocks (9 hours old)

These proudly orthopaedic sandals have demonstrated that anything — anything — can become chic under the right circumstances

© Copyright The Financial Times Ltd 2021. "FT" and "Financial Times" are trademarks of the Financial Times. See http://www.ft.com/servicestools/help/terms#legal1 for the terms and conditions of reuse.

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