Aston Martin: ‘Ultra luxury’ strategy pays off with revenues up 26 per cent and GT/Sports range ‘sold out’ March 1, 2023 Aston Martin has reported a full-year loss of £118m, growing from a loss of £74.3m year-on-year but ahead of consensus expectations for £135m. The luxury carmaker said capital expenditure was expected to increase year-on-year but that it would deliver significant growth in profitability this year and positive free cash flow in the second half. Aston [...]
Why gender parity is still 70 years away despite two thirds of FTSE 350 company boards comprising of women February 28, 2023 The UK claims to be a world-leader for women’s representation on top company boards, with data revealing that 40.2 per cent of FTSE 350 board positions are now held by women. The findings were part of a report by the Government-backed FTSE Women Leaders Review, which is sponsored by Lloyds Banking Group and KPMG. Adopting [...]
FTSE 100 close: Blue chip index sinks back into the red as IAG falls and Cineworld slumps February 24, 2023 The FTSE 100 sunk back to close at 7,878.66 down 29.06 points or (0.37 per cent down, ending the week on another subdued note. The FTSE 250, also closed lower at 19,696.53 or 93.96 down, or 0.47 per cent. This week’s close marked a sharp contrast with the previous where the FTSE 100 breached the 8,000 [...]
The cost of living, Will Smith and the future of Wasps and Worcester: This week’s best read stories on City A.M. February 24, 2023 The rising cost of living and its implications dominated this week’s best read list, along with UCL researcher Rosie Collington’s challenge to the consultancy sector and One: Lloyds Bank’s profits to help cushion customers’ rising cost of living Lloyds Bank’s announcement that its profits are to be held back to help with the cost of [...]
Pensions better than property? And, how a nudge might make you wealthier in later life February 24, 2023 The property boom of the last few decades has given rise to the idea of a home not just as a castle, but as bonafide crock of gold which can be used as an alternative to a pension. Pension provider Standard Life has carried out research that shows how different generations are answering the age-old [...]
FTSE 100 close: London index slides into red despite Rolls-Royce scaling more than 20 per cent February 23, 2023 London’s FTSE 100 fell further away from the 8,000 point mark again today despite investors pouring into aerospace giant Rolls-Royce. The premier index shed 0.29 per cent to close at 7,907.71 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.59 per cent to [...]
Isa explainer: should you go for cash or stocks & shares? February 23, 2023 Savers have just over four weeks to make the most of this year’s tax-free savings allowance. We look at the different types of ISA available and how to find the one that’s right for you. Individual Savings Accounts, or Isas, were introduced by the government to encourage more people to save and allow savers to [...]
Rolls Royce reveals £652m profit but engineering giant continues to ‘burn through cash’ February 23, 2023 Rolls Royce, the British aero-engine manufacturer, unveiled profits of £652m in 2022, £238m higher than the previous year. The increase, which was driven by its civil aerospace and power systems divisions, also reported free cash flow of £505m versus an outflow of £1.5 billion in the prior year. Charlie Huggins, head of equities at Wealth [...]
Inheritance tax brought in nearly £600m a month, as experts warn that frozen threshold is punishing taxpayers February 21, 2023 Inheritance tax (IHT)receipts for January 2023 totalled £578m up from £443m in the same month a year ago, according to HMRC figures. It takes the total inheritance tax take for the 2022-23 Financial Year to date to £5.9 billion, £853 million higher than through the same period last year. The total IHT take for 2021-22 [...]
FTSE 100 close: Record-breaking week ends with a whimper February 17, 2023 Although it broke records this week the FTSE100, slipped back from the highs, weighed down by underperformance in the banking sector, which has acted as a bit of a deadweight. The blue chip index was at 7,994.94 down17.59 points or 0.22 per cent. The FTSE 250 was down 20,073.69, off 107.76 points. There was also some weakness [...]
