corporate-tax
FinanceItaly to Change Web Tax in Bid to Overcome US Objections, Minister Says
FinanceUnited States Renews Calls for Italy to Scrap Its Web Tax, Sources Say
InvestingEuropean Shares Fall on Fears of Trump Tariffs
InvestingFTSE 100 Pulls Back From Early Gains After Trump’s Victory
M&s and Wetherspoons Face Multi-Million Pound Hit From ‘double Whammy’ Budget
Date: November 6, 2024
By James Davey and Yamini Kalia LONDON (Reuters) – Marks & Spencer and JD Wetherspoon, two of Britain’s biggest high street employers, said higher taxes and a jump in the minimum wage would cost them a combined 180 million pounds ($232 million) annually. Britain said last month it would raise employers’ National Insurance (NI) social...
Ahold Delhaize Upbeat on Q4 Outlook, Shares Boosted by US Elections
Date: November 6, 2024
(Reuters) – Supermarket group Ahold Delhaize sees improving momentum in the busy end-of-year holiday quarter, it said on Wednesday, after its third-quarter results beat market expectations aided by faster recovery in Europe. Ahold’s shares rose as much as 8% to 33.30 euros per share, their highest intraday price ever, boosted by a potential Donald Trump...
Anxious Global Investors Brace for Long-Awaited US Election Results
Date: November 5, 2024
By Lewis Krauskopf NEW YORK (Reuters) – Global investors were on edge as Americans headed to the polls on Tuesday, drawing to a close a dramatic U.S. election cycle that has moved bonds, stocks and other assets in recent months and could further sway markets as results become clearer. One of the most unusual elections...
Kpmg to Lay Off Less Than 4% of US Audit Workforce, Source Says
Date: November 5, 2024
(Reuters) -KPMG will lay off less than 4%, or about 330 people, of its audit workforce in the United States, a source familiar with the matter said on Monday. Besides KPMG, Ernst & Young, Deloitte, PricewaterhouseCoopers make up the Big Four of accounting firms. “The actions reflect our ongoing focus to align the size, shape...
London’s FTSE 100 Falls After Labour’s First Budget
Date: October 31, 2024
By Shubham Batra and Nikhil Sharma (Reuters) -The UK’s FTSE 100 fell to an over two-month low on Wednesday, dragged down by the healthcare sector, while midcap stocks got a lift even as the latest UK budget came with the biggest tax increases in three decades. The blue-chip FTSE 100 fell 0.7% to its lowest...
Pubs, Bookies and Builders Drive Budget Bounce for UK Mid-Caps
Date: October 31, 2024
By Lucy Raitano LONDON (Reuters) – UK mid cap stocks enjoyed a lift on Wednesday as market players deemed the new Labour government’s first UK budget to be less punitive on businesses than many had previously feared. Mid-cap stocks outperformed the blue-chip index, even as UK finance minister Rachel Reeves announced a raft of new...