BT says Budget measures will cost it extra £100mn as it cuts revenue guidance

BT says UK Budget will lift costs by £100mn as it lowers revenue guidance

Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’

World - Financial Times - 7 hours ago

Pubs hammered by ‘staggering extra costs’ from Budget

Shares in groups including JD Wetherspoon and Marston’s hit following national insurance and minimum wage increases

World - Financial Times - 6 days ago

Scotland to receive extra £3.4bn from UK Budget, says chancellor

Rachel Reeves has announced several measures that will directly affect Scotland.

Reeves’ Budget measures risk hitting ‘working people’, analysts say

Some businesses will struggle with tax rises alongside a higher minimum wage and new labour laws

World - Financial Times - October 29

Renault Backs Guidance as Revenue Rises

The French carmaker backed its outlook for the year after third-quarter revenue rose despite a decrease in group car sales.

Business - The Wall Street Journal - October 24

Safran Upgrades Guidance as Revenue Rises

The aerospace-industry supplier raised its recurring operating income guidance after revenue rose in the third quarter, driven by after-market services and demand for aircraft equipment and interiors.

Business - The Wall Street Journal - October 25

Surge in UK borrowing costs is not a repeat of the 'mini-budget' crisis, economists say

"It isn't anything like we saw with the Trussonomics mini-budget when that spike really was high after those unfunded tax cuts came in," one analyst said.

Business - CNBC - 6 days ago

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

Markets conclude higher level of public spending could lead to higher inflation, making cuts in Bank of England rate less likely. . UK government borrowing costs have risen to their highest level ...

World - The Guardian - October 31

VW boss Blume says company's cost-cutting goals are set

World - Yahoo News - 4 days ago

Starbucks scraps 2025 guidance after fall in sales and earnings

New chief Brian Niccol vows ‘to fundamentally change our strategy’ to return to growth

Business - Financial Times - October 22

PayPal shares fall on revenue miss, soft guidance

PayPal reported better-than-expected third-quarter earnings on Tuesday, but revenue came in slightly below expectations.

Business - CNBC - October 29

Extra £1.7bn for Welsh government in UK Budget

The chancellor also announces cash for coal tip safety and green hydrogen projects in Wales.

GB Energy gets just £100mn over 2 years in Budget despite £8bn pledge

Sum raises questions over state-owned company’s ability to help meet 2030 target for decarbonisation

Business - Financial Times - 6 days ago

Volvo Car Cuts Guidance on Worsening Auto Market

The Swedish car maker cut its full-year guidance and said it now anticipates negative cash flow due to lower sales expectations and a weak market.

Business - The Wall Street Journal - October 23

Dassault Systemes Cuts Guidance After Earnings Disappoint

The French software maker lowered its guidance for the year after revenue and operating profit came in shy of analyst expectations in the third quarter.

Business - The Wall Street Journal - October 24

Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts

In her first earnings call as Alphabet CFO, Anat Ashkenazi said more streamlining will be needed so the company can invest in AI.

Business - CNBC - October 30

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

The German car maker reported a sharp 12% drop in its sales in China as it said it profits were hit by higher fixed costs and €2.2 billion worth of restructuring expenses

Business - MarketWatch - October 30

IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live

Foundation says there will be better funded public services in schools, NHS and justice but households face further squeeze. And a few more – Resolution Foundation analysis:. Tax and benefit ...

World - The Guardian - October 31

Investors' reaction to Budget 'very different' to Truss, says Reeves's deputy

Treasury secretary speaks out to reassure the markets after a rise in the cost of government borrowing.

£500mn and counting: companies reckon with UK Budget costs

Sainsbury’s, BT and Wetherspoons among those warning that changes may force price rises for customers

World - Financial Times - 1 hour ago

Nintendo cuts profit guidance on reduced Switch sales forecast

Nintendo on Tuesday trimmed its sales and profit guidance for the March-ending fiscal year, citing reduced demand for the Nintendo Switch.

Business - MarketWatch - 2 days ago

Fear that winter fuel payment cut will cost lives

Wales' older people's commissioner says people will die because of the decision.

How Trump, Harris propose cutting healthcare costs

The economy and healthcare are two of the top concerns for voters in this election cycle, and both tickets have promised to lower healthcare costs. When she introduced her economic agenda earlier ...

Politics - The Hill - October 25

Volkswagen in Drive to Cut Costs as Earnings Plunge

The automaker said it needed to urgently cut costs after reporting a sharp fall in third-quarter earnings hurt by weaker car sales in China.

Business - The Wall Street Journal - October 30

Bill Gates criticises Budget cut to overseas aid

Hidden in the Budget was a decision not to renew a Tory-era £2.5bn top-up to the UK's overseas aid budget.

Microsoft dips on weak guidance after beating on earnings

Microsoft reported better-than-expected results for the fiscal first quarter as Azure topped estimates. But quarterly growth guidance was light.

Business - CNBC - October 30

NHS must improve productivity in return for extra money, Streeting says

Health secretary says he expects value for money for taxpayers after £25 billion cash injection.

UK to slash overseas aid in Budget as asylum seeker costs rise

International development organisations warn country’s contribution could slump to its lowest level in 17 years

Business - Financial Times - October 22

U.K. borrowing costs rise in volatile trade after budget delivered

U.K. government bond yields were volatile on Wednesday as traders initially welcomed news that the government would prioritize tax rises ahead of increased borrowing as it strives to fill a fiscal ...

Business - MarketWatch - October 30

UK borrowing costs hit highest level this year as gilt sell-off intensifies

Bond markets unnerved by scale of extra borrowing in chancellor Rachel Reeves’ Budget

Business - Financial Times - October 31

JD Wetherspoon warns of near-£60mn jump in taxes and costs following UK Budget

Pub chain says rise from higher taxes and NI contributions will fuel inflation

World - Financial Times - Yesterday

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

PPG agreed to sell its architectural-coatings business in the U.S. and Canada to private-equity firm American Industrial Partners for $550 million, and outlined cost and job cuts.

Business - The Wall Street Journal - October 17

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis' Arizona Proving Grounds covers 4,000 acres between Phoenix and Las Vegas in Yucca, Arizona.

Business - CNBC - October 18

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

DETROIT — Automaker Stellantis plans to shutter and sell its large vehicle proving grounds in Arizona at the end of this year, CNBC has learned.

US consumers cut back on spirits as cost of living pressures bite

Drinkers who splashed out during pandemic pull back from vodka, rum and Scotch whisky

Business - Financial Times - October 22

Latest in BT says Budget measures will cost it extra £100mn as it cuts revenue guidance

BT says UK Budget will lift costs by £100mn as it lowers revenue guidance

Pubs hammered by ‘staggering extra costs’ from Budget

Scotland to receive extra £3.4bn from UK Budget, says chancellor

Reeves’ Budget measures risk hitting ‘working people’, analysts say

Renault Backs Guidance as Revenue Rises

Safran Upgrades Guidance as Revenue Rises

Surge in UK borrowing costs is not a repeat of the 'mini-budget' crisis, economists say

UK’s borrowing costs rise as Reeves’s budget prompts fears of slower interest rate cuts

VW boss Blume says company's cost-cutting goals are set

Starbucks scraps 2025 guidance after fall in sales and earnings

PayPal shares fall on revenue miss, soft guidance

Extra £1.7bn for Welsh government in UK Budget

GB Energy gets just £100mn over 2 years in Budget despite £8bn pledge

Volvo Car Cuts Guidance on Worsening Auto Market

Dassault Systemes Cuts Guidance After Earnings Disappoint

Google's new CFO makes earnings call debut, says company can 'push a little further' on cost cuts

Volkswagen CFO says 64% drop in profits shows ‘urgent need’ for cost cuts

IMF hails Reeves’ ‘sustainable’ tax rises; Resolution Foundation says budget marks ‘decisive shift from planned cuts’ – business live

Investors' reaction to Budget 'very different' to Truss, says Reeves's deputy

£500mn and counting: companies reckon with UK Budget costs

Nintendo cuts profit guidance on reduced Switch sales forecast

Fear that winter fuel payment cut will cost lives

How Trump, Harris propose cutting healthcare costs

Volkswagen in Drive to Cut Costs as Earnings Plunge

Bill Gates criticises Budget cut to overseas aid

Microsoft dips on weak guidance after beating on earnings

NHS must improve productivity in return for extra money, Streeting says

UK to slash overseas aid in Budget as asylum seeker costs rise

U.K. borrowing costs rise in volatile trade after budget delivered

UK borrowing costs hit highest level this year as gilt sell-off intensifies

JD Wetherspoon warns of near-£60mn jump in taxes and costs following UK Budget

PPG to Cut 1,800 Jobs, Shrink Costs With Sale of Architectural-Coatings Biz

Stellantis to shutter and sell large testing facility amid cost-cutting efforts

Stellantis to sell, shutter large testing facility amid cost-cutting efforts

US consumers cut back on spirits as cost of living pressures bite

Topics