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ECONOMY
Affluent savers dish out money presents to household to scale back inheritance tax forward of latest…
More than a quarter of affluent savers have taken steps to try and reduce the inheritance tax bill they leave behind, data shows. In a survey by Paragon Bank, sixty-one per cent of active savers with balances of at least £50,000 said…
High Streets in disaster as shopper numbers drop 10% in greatest fall since Covid lockdowns
The crisis on the High Street is deepening after the biggest fall in shopper numbers since Covid lockdowns five years ago.As the industry reels from the collapse of firms such as Claire’s Accessories and looming closures at TG Jones, the…
Saba scores a pyrrhic victory as Aberdeen takes the reins at Herald, says ALEX BRUMMER
There must be sympathy for Katie Potts, the lead fund manager at Herald Investment Trust (HIT). In a field where performance is everything, Potts delved into early-stage tech and came up trumps, producing annual returns as high as 40…
Holiday Inn-owner IHG sees revenues droop as it’s rocked by a collapse of enterprise within…
The hotel giant owner of Holiday Inn and Crowne Plaza has been rocked by a collapse in business in the Middle East.Intercontinental Hotels Group (IHG) said revenue per available room – a key industry metric – fell 26 per cent in the region…
Aberdeen inks deal to handle Herald impasse in battle with US raider Saba Capital
Embattled investment trust Herald has been saved from a US raider by being brought under the wing of fund manager Aberdeen.FTSE 250 fund Herald, which invests in technology firms and is worth £1.4billion, has been besieged by Saba Capital,…
Shipping container big Maersk to move on hovering prices from the Iran battle to prospects
Shipping container giant Maersk faces a $500million (£367million) hit each month from disruption caused by the Iran war and is passing on the cost to customers.The Danish group, which carries around 20 per cent of the world’s…
BAE Systems hails a ‘sturdy begin’ to the 12 months because it rides wave of defence…
Defence giant BAE Systems hailed a ‘strong start’ to the year as countries ramp up military spending amid global turbulence.The company, which makes fighter jets, ships, submarines, combat vehicles and munitions, said that it was on track…
Shell warns Iran conflict has ‘dug a gap’ of a billion barrels as its income hit highest…
The boss of Shell warned the Iran war has ‘dug a hole’ of a billion barrels in global oil supply and that ‘the journey back will be a long one’.As the energy giant said profits have been boosted by the conflict, Shell’s Wael Sawan made…
Oil costs fall under $100 a barrel over Middle East peace hopes: When will petrol costs drop?
Crude oil has dropped below $100 a barrel again, as President Trump claims 'it's very possible' the US and Iran will agree a peace deal.Brent crude oil was down around three per cent today at $98 a barrel after hitting highs of near $115 in…
Poundstretcher wants restructuring plan which might see rents slashed at 300 shops to keep away from…
Poundstretcher will 'likely have no choice' but to file for administration if a restructuring plan is not given the green light, a court has been told.The budget retailer's lawyers said the group had been struggling in the face of weak…
