Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Nimesh ShahRachel Reeves’ plans to invest an additional £300mn in HM Revenue & Customs over the next five years will not even scratch the surface in tackling the gap between what the tax authority should collect and what it actually does. This comes on the back of severe criticism of HMRC by the government and the public accounts committee.Nimesh Shah, chief executive, Blick Rothenberg © nickstrugnell.comThe criticism isn’t unfair in my view. HMRC customer service and standards are at an all-time low,…
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Hundreds of Canadian workers have already been laid off from steel plants as President Trump’s tariffs squeeze the industry. At least 200 Canadian members of the United Steelworkers — North America’s largest private-sector union — have lost their jobs thus far, according to Marty Warren, the group’s national director. United Steelworkers has more than 225,000 members in Canada. And Canadian companies have not been shy about placing the blame on Trump’s stiff tariffs — a 25% levy imposed on all steel and aluminum imports on March 12. President Trump raised the levies on steel and aluminum imports to 25% on…
Tokens to be allowed on exchanges PUBLISHED : 27 Mar 2025 at 04:38 Small Medium Large The SEC action aims to expand investment options and position Thailand as a regional hub for carbon credit trade. The Securities and Exchange Commission (SEC) is preparing to allow tokenised carbon credits to be traded via digital asset exchanges as well as brokers and dealers, in a bid to promote Thailand as a carbon credit trading hub.Earlier this month the SEC approved regulatory amendments to allow digital asset exchanges, brokers and dealers to offer services for tokenised carbon credits, tokenised renewable…
Greece is one of the 13 EU members states that will proceed with projects aiming to bolster Europe’s raw material independence. Source link
Investor Mario Gabelli says it’s time to step up to the plate when it comes to buying shares of the Atlanta Braves . “Today, I want you to buy one share of the Atlanta Braves instead of an Easter present for someone,” the chairman and CEO of Gamco Investors said on CNBC’s ” Power Lunch ” Wednesday. Publicly-traded shares of the baseball team ticked higher Wednesday afternoon after Gabelli’s comments. BATRA 1D mountain BATRA 1D chart Crane In the same interview, Gabelli also pointed to aerospace equipment maker Crane Co. as an attractive company. The stock is up 3% this…
It’s the final week of the first quarter and, as is typical, analysts have spent the past 12 weeks revising lower their earnings growth projections for the quarter. For the S&P 500 (^GSPC), estimates for earnings growth have been cut by 4.4%, more than the five-year average of 3.3% and the 10-year average of 3.2%. The largest revisions have come in tariff-sensitive sectors like Consumer Discretionary (XLY) and Materials (XLB). “Q1 earnings expectations have come down a lot, which sets up an important market turning point once companies start to release results,” DataTrek co-founder Nicholas Colas wrote in a research…
Savers hoping that NS&I’s latest Premium Bond prize fund cut would be the last may be disappointed – with one expert warning more reductions could be in the pipeline. The Treasury-backed savings giant recorded a massive net inflow of £5.5 billion between October and December 2024, far exceeding expectations.That deposit surge helped push NS&I’s total net financing for the financial year to £8.9 billion – just shy of its £9 billion target, with three months still to go. With the Government setting a new £12 billion fundraising target for 2025/26, NS&I is expected to continue balancing savers’ interests with market…
(Bloomberg) — The lobbying powerhouse for the private equity industry was rewarded Tuesday night when a controversial bill overhauling Delaware’s corporate law was passed, potentially making it harder for shareholders to beat companies and executives in court — a long-simmering campaign reignited by Elon Musk. Most Read from Bloomberg A team of five lobbyists hired by the American Investment Council, which is funded by the likes of Blackstone Inc. and KKR & Co., had pressed lawmakers to support the measure. The “billionaires’ bill,” as some detractors called it, eased the standards for insider deals involving controlling shareholders and for rich…
Dollar Tree said Wednesday that it’s gaining market share with higher-income consumers and could raise prices on some products to offset President Donald Trump’s tariffs.The discount retailer’s CEO, Michael Creedon, said the company is seeing “value-seeking behavior across all income groups.” While Dollar Tree has always relied on lower-income shoppers and gets about 50% of its business from middle-income consumers, sustained inflation has led to “stronger demand from higher-income customers,” Creedon said on an analyst call.Dollar Tree’s success with higher-income shoppers follows similar gains from Walmart, which has made inroads with the cohort following the prolonged period of high prices.Trump’s…
Lloyd’s coverholder adds Tokio Marine Kiln to binder panel as capacity increases 450% Source link