Business News

Central banks need to take action to reduce inflation risks

Fresh inflation fears send global markets tumbling

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FTSE 100 sees £48BN wiped off its value as inflation risks rattle investors. Stock markets are edging higher ahead of the weekend, extending a late recovery in the previous session, courtesy of comments from central bank policymakers worldwide.
Amazon income sales soar

Amazon wins $300M fight against EU court over taxes

Amazons scores victory in the fight against the EU court over a $300M tax ruling. It’s the latest blow to the EU’s battle against “sweetheart deals.” The ECJ said that the EU lacked substantial evidence proving that Amazon had received special treatment from Luxembourg over more than a decade ago
Hybrid working offers greater flexibility

A quarter of UK businesses embrace the hybrid working model

An abundance of UK businesses, including the Telecom group, TalkTalk, and one of the "Big Four" accounting organisations, KPMG, are choosing to adopt a more flexible working model in 2021. More than 25% of British businesses are considering closing or downsizing offices and adopting a hybrid working model
coronavirus global trade

How is Coronavirus Affecting International Trade

As the world continues to recover from the coronavirus crisis, we take a look at how the virus has impacted trade so far.
Treasury launches property development consultation

Treasury launches new residential property developer tax

Treasury intends to apply a new residential developer tax to large UK property developers. Learn how to get into property development with our 2021 property developer guide. Find out more about Buy-to-let vs buy-to-sell property: What are the pros and cons?
IR35 reforms

Have HMRC IR35 reforms created new tax dilemmas in 2021

What is IR35 and why are so many self-employed contractors reluctant to embrace the new tax changes? Read our guide to the IR35 dispute in 2021.
Amazon income sales soar

Amazon paid no corporation tax despite record sales income

Governments are being urged to clamp down on global tax avoidance after Amazon paid no corporation tax in 2020 despite posting record sales income. Besides paying no corporation tax, EU legislators gave Amazon EUR 56M (GBP 48.3M) in tax credits to counter future tax bills and...
Risk assessment

A Guide to Foreign Exchange Risk Management

With the economic climate remaining uncertain, the need for a foreign exchange risk management strategy has never been greater. Many small to medium-sized enterprises (SME) believe that foreign exchange risk is only for large corporations. However, studies conducted by accountancy body ACCA found that...
Credit suisse

Credit Suisse take CHF 600 million hit from Archegos collapse

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Still reeling from the Greensill scandal, Credit Suisse is now facing significant losses for Q2 following the Archegos collapse, prompting an investigation from Swiss regulators. The Swiss Financial Market Supervisory Authority (FINMA) has begun enforcement proceedings against investment banking company Credit Suisse following...
European super league

European Super League: JP Morgan to Provide GBP 4.6 billion Funding

The controversial European Super League will be financial backed by JP Morgan, reportedly injecting billions into the proposed competition which has angered both fans and authorities. Whilst a spokesperson for JP Morgan has confirmed that a deal for the ESL is currently being negotiated, they failed to provide...
UK Financial Services Optimism

Financial services optimism rebounds and job vacancies rise

Financial institutions' sentiment surged to 52% in March - its fastest month-on-month rise since December 2013. Growth in job vacancies also reflects changing attitudes towards Brexit concerns as uncertainty over businesses post-Brexit futures begins to fade. With more financial services companies in the UK becoming increasingly optimistic...
Cryptocurrency platform Coinbase launches

Crypto exchange platform Coinbase makes its market debut

The cryptocurrency firm, Coinbase, made its stock market debut, triggering a listing frenzy that drove up the likes of Bitcoin and XRP.
tax rises budget 2021

Rishi Sunak extends financial support for struggling businesses

As the UK economy reopens this week, the announcement of Rishi Sunak’s extended financial support will help many businesses to get back on their feet.
Coronavirus costs for hospitality businesses

Business groups urge for extended support after GDP release

UK hospitality, hair and beauty businesses facing significant annual losses. UK business groups urge ministers to extend coronavirus support. While many hospitality firms are optimistic about their post-lockdown prospects, the consequences of ongoing coronavirus restrictions, which forced businesses...
Virgin aircraft

IMF Raises forecast for global economic outlook

Following a financially devastating year for major economies, the IMF has raised their outlook for 2021 as vaccines and stimulus measures help buoy major economies.
image of warehouse of retail company abroad

How Do Global Retailers Manage Business Uncertainty Amid Coronavirus?

Halo Financial discusses the best way for businesses to navigate during times of uncertainty as non-essential businesses prepare to reopen in April.
UK Business Confidence

CFO survey: UK business leader confidence hits all-time high

Confidence amongst Britain’s chief financial officers soars to an all-time high as UK lockdown restrictions ease and more people get vaccinated.
IR35 tax changes

What new IR35 tax changes are being enforced

New IR35 tax reforms come into force on April 6th after being delayed by the COVID-19 pandemic. What does this mean for construction and contractors?