Top Aussie pension funds wooed by Labour amid investment drive October 21, 2025 Some of Australia’s largest pension funds are being courted by the Labour government amid a rush to attract higher investment in the UK. Ahead of a summit in Birmingham, Australia’s largest pension fund AustralianSuper said it was still investing an extra £7bn UK assets over the next five years, a move praised by the government [...]
Spike in employer pension contributions could throw UK businesses into insolvency October 21, 2025 Rumours over potential spikes to employer pension contributions in the upcoming Budget has thrown UK companies into a frenzy, with some admitting it could put them at risk of insolvency. According to research from consultancy Barnett Waddingham, nearly 20 per cent of businesses fear they could become insolvent if an increase to employer pension contributions [...]
Coca-Cola HBC in £2bn Africa takeover October 21, 2025 London-listed bottling business Coca-Cola HBC is to acquire Coca-Cola Beverages Africa in a $3.4bn (£1.9bn) deal. The cash-and-shares deal, which will be part-funded by a new bridge debt facility, will see a transfer of the ownership of the African bottling business after 85 years of ownership by the South African Gutsche family. The move will [...]
Rugby League: Wembley Ashes Test to set UK attendance record October 21, 2025 The first rugby league Ashes series in over two decades is set to see a record attendance for its first Test at Wembley between England and Australia. The Rugby Football League will see over 57,000 head to Wembley Stadium this weekend to see the hosts take on the Kangaroos in the first of a three-Test [...]
Henrys face horrid Budget amid looming tax raid October 21, 2025 High Earners Not Rich Yet individuals, also known as Henrys, are bracing for a horrid Budget as they could face a tax rate higher than a current level of 60 per cent, analysts have warned. Henrys, who are generally classed as professionals earning around £100,000 or more and often have little savings or fewer assets, [...]
Reeves ‘flying blind’ on non-doms as ultra-rich couple move to Milan October 21, 2025 Rachel Reeves will go into next month’s budget “flying blind” over the number of non-doms that have left the UK, a new report has warned on the day that a high-profile couple relocated to Milan in response to the Chancellor’s crackdown last autumn. The study, which was compiled by former Treasury economist Chris Walker, found [...]
Analysts dampen outlook for FTSE 100 banks as tax clouds gather October 21, 2025 The UK’s top banks are gearing up for a third-quarter reporting season where all eyes will be on the Labour government’s second Autumn Budget. Speculation of a bank tax hike has dominated chatter around the sector in recent months and elevated fears across the City. It also comes alongside flaring tensions between the lending industry [...]
Bodycare: Creditors to lose millions after retailer’s collapse October 21, 2025 Bodycare owed more than £30m when it collapsed into administration with the loss of around 1,400 jobs, it has been revealed. The high street health and beauty retailer fell over in September with an initial 32 stores closed and around 450 employees being made redundant. That move was followed a few days later when it [...]
HSBC shares jump after naming top Natwest boss as new UK chief October 21, 2025 European banking juggernaut HSBC enjoyed a bump in its share price as markets opened on Monday after the bank named its new UK boss. David Lindberg, who most recently led retail banking operations at Natwest, will join the FTSE 100 titan to take the helm at its UK bank. Shares jumped near two per cent [...]
The top one per cent account for a third of tax revenue October 21, 2025 The top one per cent of taxpayers account for around a third of all income tax and capital gains tax paid in 2023-24, it has been revealed. According to HMRC, the top 500,000 taxpayers contributed £93.8bn last year, which represented 33 per cent of the total raised. The top 100,000 paid £54.9bn and covered a [...]
