The co-founder and chief executive of Darktrace has stepped down from the British cybersecurity specialist ahead of its £4.3 billion takeover by a US private equity firm. Poppy Gustafsson, who has led the company since 2016, left with immediate effect on Friday morning, ahead of the completion of the takeover by Thoma Bravo. She will…
Two months in, the government will be well aware of the challenges of being in office. Public services are under strain and the calls for more spending are loud. Yet taxes are at a 70-year high and the markets may be nervous about higher borrowing. Sir Keir Starmer leads a government that yearns to get…
The value of shares in Donald Trump’s social media company Truth Social has slumped more than 74 per cent since late March, when it was listed on the Nasdaq stock exchange. Shares in Trump Media & Technology Group, which owns the Truth Social platform, fell more than 6 per cent to below $17 on Wednesday….
Tax changes on ultra-rich non-doms could lose or raise £1 billion a year for the government, depending on how many wealthy people choose to leave, according to research. Figures commissioned by Foreign Investors for Britain, a lobby group, found the Treasury could lose up to £900 million a year from the scrapping of tax relief…
Businesses expect inflation to be higher in a year’s time and that wages growth will fall slowly, prompting analysts to predict that the Bank of England will lower interest rates only gradually. According to a Bank survey of company decision-makers carried out in August, inflation is set to hit 2.6 per cent in a year,…
Tens of thousands of pensioners will narrowly miss out on the winter fuel payment because they are £100 a year or less over the income limit for pension credit. The chancellor, Rachel Reeves, has introduced means-testing so that this winter only those over state pension age who get pension credit or other benefits will get…
PwC has ordered its staff to work at least three days a week in the office or with clients as it becomes the latest company to clamp down on working policies. The Big Four accountancy firm’s 26,000 staff previously were expected to attend the office two to three days a week. “Face-to-face working is hugely…
As the United States heads into one of the most consequential presidential elections in decades, there are questions everywhere and views split starkly down the middle. Should America opt for Kamala Harris, the Democrat and vice-president seen by some as maintaining the status quo? Or will it turn back to Donald Trump, the combative, controversial…
Listed luxury retailers have been laid low by disappointing consumer spending data from China and downgrades from analysts at Barclays. Consumer prices growth in August was weaker than economists had expected, with prices in China rising by 0.6 per cent year-on-year. Factory gate prices, measured by the producer prices index, were down by 1.8 per…
Tax evasion by small businesses is costing billions of pounds every year, the public spending watchdog has warned. Small companies can “easily exploit weaknesses in government systems”, according to a new report on tax evasion in the retail industry from the National Audit Office. HM Revenue & Customs estimated that overall, £5.5 billion was lost…