Latest in PwC average UK partner pay falls to £862,000 as sales growth slows
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Labour’s promise of change requires a clearer message
Starmer’s government must learn from leaders who transformed Britain: Attlee, Blair and, yes, ThatcherWorld - Financial Times - October 18 -
A ‘full fat’ Budget is impossible — what are the trade-offs?
Traditional Labour measures on tax and borrowing will need to be balanced with thinner fare to keep to fiscal constraintsBusiness - Financial Times - October 18 -
UK home sales still below pre-pandemic levels
Pricier mortgages in recent years have a knock-on effect on property transactionsWorld - Financial Times - 5 days ago -
Affirm sees booming buy-now-pay-later growth, but stock dips after earnings
The company is seeing more of its business shift toward interest-bearing products.Business - MarketWatch - 6 days ago -
Why a Focus on Value May Help Fast-Food Chains End 2024 With Renewed Sales Growth
After terrible second-quarter sales and middling-to-poor Q3 results, a recovery for fast-food chains may already be under way.Business - Inc. - November 6 -
UK inflation falls below 2% for first time since 2021 in boost to Rachel Reeves
Surprise annual drop to 1.7% in September raises chance of interest rate cuts, increasing budget leeway. UK inflation surprise opens up wriggle room for lower rates and less painful budget ...World - The Guardian - October 16 -
The difference between Harris and Starmer
A cautious politician is easier to elect than an ambiguous oneBusiness - Financial Times - October 16 -
Premier Inn owner hit by falling demand for UK budget hotels
Whitbread profits slip as data suggests travellers are trading up to more expensive optionsWorld - Financial Times - October 16 -
UK Budget as it happened: Rachel Reeves raises tax, spending and borrowing
Taxes rise as chancellor delivers the first Labour budget since 2010Business - Financial Times - October 30 -
UK ‘falling behind’ on sewage pollution regulation while EU tightens rules
EU member states agree to update urban waste water treatment directive. The UK is falling further behind on sewage pollution regulation as the EU tightens its rules to clean up Europe’s waterways, ...World - The Guardian - November 6 -
Serco shares fall on Australian contract loss and changes to UK national insurance
UK operator of prisons and asylum accommodation expects a combined £38mn hit in 2025World - Financial Times - 6 days ago -
FirstFT: Twin scandals hit PwC’s Asia profits
Also in today’s newsletter, the fallout from the Madison Square Garden rally and what happened to Project 2025?World - Financial Times - October 29 -
PwC accused of interfering in Australian tax leaks probe
Documents reveal PwC International threatened to expel local firm if it co-operated with scandal investigation without permissionBusiness - Financial Times - November 1 -
Apple sales rise 6%, company seeing early iPhone 16 demand
Apple reported earnings after the bell. Here are the results.Business - CNBC - November 1 -
Klarna sells loans to hedge fund Elliott to free up £30bn for growth
Firm founded by US financier Paul Singer will take on risks and returns of the ‘buy now, pay later’ portfolioBusiness - Financial Times - October 16 -
Starmer insists pro-growth policies on way after OBR’s budget warnings – UK politics live
PM says budget just ‘first step’ after watchdog said measures would make no difference to growth over five years. Rachel Reeves is now being interview on ITV’s Good Morning Britain.. She is being ...World - The Guardian - October 31 -
ASML share plunge wipes over $50 billion off Dutch chip giant's value
ASML published its third-quarter earnings Tuesday, a day earlier than expected.Business - CNBC - October 16 -
EU markets watchdog pushes for extra cyber defences in new crypto rules
Esma asks for amendment to tighten regulation with demand for external audits of defences against hackersWorld - Financial Times - October 16 -
How big is ‘big enough’ for China’s stimulus?
Some estimates and theoriesWorld - Financial Times - October 16 -
Kraft Heinz’s stock drops as sales volumes fall again, more than prices rise
Kraft Heinz misses sales expectations again, as volumes keep falling, and the stock heads for a three-month low.Business - MarketWatch - October 30 -
Starbucks CEO pledges to fundamentally change strategy as sales fall for third straight quarter
Investors are expecting that Niccol will share more details about his turnaround strategy during the company's conference call, scheduled for 5 p.m. ET.Business - CNBC - October 30 -
Merck tops earnings estimates on strong demand for Keytruda, new drugs even as HPV vaccine sales fall
The company saw strong sales from its top-selling cancer drug Keytruda, recently launched treatments and its animal health business.Business - CNBC - October 31 -
Papa John’s stock falls as same-store sales hurt by still-cash-strapped consumer
Pizza chain says it’s still operating in a challenging consumer environment.Business - MarketWatch - 6 days ago