Nanterre, 30 October 2024 VINCI acquires FM Conway Limited in the United Kingdom Acquisition by VINCI Construction of FM Conway Limited, a UK public works company An annual revenue of about €690 million (£580 million) in 2024 generated by 2,000 employees Expanding the VINCI Construction presence in the United Kingdom VINCI Construction announces an agreement...
Category: Bussiness
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UK’s Labour government raises taxes by £40 billion in new budget plan
Reeves is gambling that borrowing to invest will pay off: IFS director Rachel Reeves is gambling that a big cash injection for public services over the next two years will turn performance around and that extra borrowing will be worthwhile, Paul Johnson, director of the influential Institute for Fiscal Studies think tank, said in a...
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Teneo expands financial advisory business into the Eastern Caribbean
As the restructuring consulting firms continue to scramble for market share in the lucrative offshore market, Teneo has expanded into the Eastern Carribean. The firm has announced three senior hires to establish presences in the British Virgin Islands, Barbados and Saint Vincent and the Grenadines. Founded in 2011, Teneo is a consultancy specialising in strategic...
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Budget 2024 live: Reeves accepts tax-raising Budget likely to hit pay for workers
Reeves concedes wages will be hit to pay for NI risepublished at 08:57 Greenwich Mean Time 08:57 GMT Dearbail JordanBusiness reporter So there you have it, the chancellor has acknowledged that workers will likely end up paying for some of those big hikes to National Insurance by employers. What it could mean is that wages...
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Budget tax raid, increase in capital gain tax by the new British government? Hundreds of entrepreneurs prepare to quit the UK
Capital gains tax has always been a wholesome worry by many countries’ citizens across the globe. And now, the British Government is facing a new problem after their decision to increase capital gain tax, as hundreds of entrepreneurs are contemplating on quitting the UK, and seek citizenship of another country. Are business owners switching their...
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Think Tank Blames Litigation Funding for Harming UK ‘Business Confidence’
A free market U.K. think tank has argued the country’s class action expansion is “beginning to damage business confidence”. The Adam Smith Institute argued that a “class action explosion” has undermined “trust in the UK’s legal system for businesses and individuals alike”, in its latest report, and urged tighter regulation of third-party litigation funding. The report’s authors...
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UK donates N1 billion non-lethal military equipment to Nigerian military
The United Kingdom has donated non-lethal military equipment valued at approximately N1 billion (£450,000) to the Nigerian Armed Forces. The support is aimed at enhancing Nigeria’s fight against violent extremist organizations in the North East and signifies a strengthened partnership between the British Military and the Nigerian Armed Forces. At a formal handover ceremony in...
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Power Tee Continues Rapid Growth Across the UK!
Several new driving ranges have joined the growing list of satisfied customers, while existing customers have renewed and added more machines Power Tee continues to expand across the United Kingdom, with several new driving ranges joining the growing list of satisfied customers: New installations in 2024 so far include North Wales; DJ’s Golf Driving...
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Curaleaf Issues Report on Illicit Online Cannabis Sales, Urges UK Government Action
Illegal cannabis sales through unregulated online retailers have increased 50% in the past two years 73% of the illegal online market is driven by those seeking relief from health conditions Tests show illegal cannabis in the U.K. contains harmful substances such as mold, lead, and synthetic cannabinoids, posing serious health threats to consumers Curaleaf International...
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UK and Germany to sign landmark ‘defence’ treaty
Getty Images UK Defence Secretary John Healey and his German counterpart Boris Pistorius in July Britain and Germany will sign what the UK government is calling a “landmark defence agreement” aimed at boosting security, investment and jobs. Under the agreement, German defence company Rheinmetall will open a new factory in the UK to manufacture barrels...
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UK borrowing for September rises ahead of Budget
Getty Images Government borrowing rose last month, marking the third-highest September since records began in January 1993. Official figures show that borrowing – the difference between spending and tax take – reached £16.6bn, continuing a trend of overshooting official forecasts. The numbers present a challenge for the Treasury at the Budget next week as it...
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Water UK boss ‘has plan’ to end sewage spillages
Getty Images The boss of Water UK has apologised for the industry’s performance as the sector faces its biggest review since privatisation. Public anger at water companies has grown increasingly louder over rising bills, repeated sewage spills and a lack of investment. The government has launched a new Independent Water Commission chaired by former deputy...