New ‘Luxury’ Car Tax on Electric Vehicles Sparks Industry Concerns Starting today, motorists purchasing new electric family cars may face a £2,125 ‘luxury’ tax. This levy, part of significant alterations to Vehicle Excise Duty (VED), is prompting worry among industry experts who fear it could impede the adoption of EVs […]
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Luxury automotive manufacturer Aston Martin is set to receive a substantial financial injection as its billionaire executive chairman, Lawrence Stroll, commits over £50 million to the British marque. This strategic investment underscores confidence in the future of the company and aims to bolster its financial standing. Lawrence Stroll Boosts Stake […]
Reach PLC CEO Resigns to Lead The Jockey Club In a leadership transition within the media sector, Jim Mullen has stepped down from his role as chief executive officer of Reach PLC, the parent company of prominent national newspapers including the Daily Express, Daily Mirror, and Daily Star. His departure […]
An encouraging sign amid the recent departure of Paul Marchant from the rapidly expanding, budget fashion retailer Primark is the firm stance taken by Associated British Foods (ABF) chief executive, George Weston. While Diversity, Equality, and Inclusion (DEI) regulations may have faced setbacks following Donald Trump’s return to the White […]
Motorists are likely to face increased car tax expenses this year as the government implements significant reforms to Vehicle Excise Duty (VED), marking the most substantial overhaul in nearly a decade. These changes, impacting both new and existing car owners, necessitate understanding the updated car tax rates. Vehicle Excise Duty […]
Primark Owner ABF Shares Plunge After CEO Resigns Amid Misconduct Allegations Shares of Associated British Foods (ABF), the parent firm of fashion retailer Primark, experienced a sharp decline following the abrupt resignation of its chief executive officer due to claims regarding his conduct towards a female colleague. The stock market […]
Investor Anxiety Surges Amidst Trade War Escalation, Warns Blackrock CEO Mounting concerns about the economic outlook have gripped investors, reaching levels unseen in recent memory, according to Larry Fink, chief executive of Blackrock. His remarks come as global markets experienced a sharp downturn, fueled by renewed apprehensions regarding escalating trade […]
Aston Martin to Divest Formula One Stake Amid Financial Boost Luxury automotive manufacturer Aston Martin is set to sell its stake in its Formula One racing team as part of a strategy to bolster its financial position. This move comes as Yew Tree Consortium, led by Lawrence Stroll, prepares to […]