Reuters UK Business

By Yamini Kalia (Reuters) -Debenhams Group said on Thursday it will push ahead with a new executive pay scheme worth up to 222 million pounds ($294 million) without seeking approval from shareholders. The British online fashion retailer, rebranded from Boohoo in March, said that one of the reasons it was not asking for shareholder approval …

UK’s Debenhams to implement pay plan without vote in Frasers stand-off Read More »

By Naomi Rovnick, Kirstin Ridley and Iain Withers LONDON (Reuters) -British money managers hit out at a raft of tax increases on pensions, savers and investors in Wednesday’s budget, saying it risked damaging people’s appetite to save. Finance minister Rachel Reeves unveiled more than 26 billion pounds ($34.4 billion) of fresh tax hikes to prop …

Savers and the wealthy count the costs of UK tax-raising budget Read More »

By Kate Holton and Elizabeth Piper LONDON (Reuters) -Rachel Reeves may have placated the bond market with her budget on Wednesday but higher taxes for Britons on everything from milkshakes to electrical vehicles are unlikely to lift the gloom around the country, or her party, any time soon.  British finance minister Reeves announced more than …

UK tax hikes to placate bond markets likely to be costly for Reeves Read More »

(Reuters) -Britain’s Halfords reported a 1% rise in first-half profit on Thursday, as strong bicycle sales helped offset costs and other inflationary pressures. A combination of elevated inflation, higher labour costs and tempering consumer spending on discretionary purchases has pushed retailers such as Halfords to tighten costs and use more flexible pricing to support demand and protect …

UK’s Halfords profit jumps 1% on strong bicycle sales Read More »

(Refiles to fix garbled text in paragraph 3, no other changes to text originally published on Nov 26) By Yoruk Bahceli, Dhara Ranasinghe and Nell Mackenzie LONDON (Reuters) -Big investors on Wednesday broadly welcomed British finance minister Rachel Reeves’ tax-raising budget that gives her more leeway to meet her fiscal targets, but they warned it …

Big investors welcome more headroom in UK budget, fret over long-term uncertainties Read More »

By Andy Bruce and David Milliken LONDON (Reuters) – British finance minister Rachel Reeves announced a big tax-raising budget on Wednesday that will take more money from workers, people saving for a pension and investors to give herself greater room to meet her deficit-reduction targets. Britain’s fiscal watchdog cut its forecasts for economic growth for …

UK’s Reeves raises tax burden to post-war high to shore up finances Read More »

By Yantoultra Ngui SINGAPORE (Reuters) -Bank of Singapore plans more investment in hiring and technology as it aims to climb into Asia’s top five private banks within five years after assets under management rose nearly 20% to exceed $145 billion in the third quarter, Chief Executive Jason Moo said. Asia’s wealth surge anchors the push. …

Bank of Singapore to invest in hiring, tech to boost assets, CEO says Read More »