Home Money BUSINESS LIVE: Currys raises its outlook; Last drink losses persist; Assetco is having an “exceptionally difficult” year

BUSINESS LIVE: Currys raises its outlook; Last drink losses persist; Assetco is having an “exceptionally difficult” year

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 BUSINESS LIVE: Currys raises its outlook; Last drink losses persist; Assetco is having an “exceptionally difficult” year

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Companies with reports and trading updates available today include Currys, Nightcap, Assetco, British Land and Marshalls.

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Challenging construction sector weighs on Marshalls profits

Adam Vettese, analyst at eToro, said: The UK construction market has come under significant pressure due to inflation and higher interest rates, and this also extends to the companies that supply the materials, such as Marshalls.

The recovery has been slower than expected and profits have been significantly hit as a result.

While there’s not much any company can do about macroeconomic factors, Marshalls focused on controlling costs while the market was tough, which it did reasonably well, although in relative terms it didn’t. has done little to improve the situation. compensate for the sluggish start to the year.

Homeowners will pay more CGT on sale despite tax cut, Hamptons says

Homeowners who sell are likely to face a higher tax bill than two years ago, despite the reduction in the rate of capital gains tax on the sale of second homes in the Budget by Jeremy Hunt , according to new data.

Analysis from estate agent Hamptons shows that successive cuts to the capital gains tax (CGT) personal allowance will mean the average homeowner will generally be worse off when they sell.

1710757637 756 BUSINESS LIVE Currys raises its outlook Last drink losses persist

Rightmove: asking prices saw the biggest increase in 10 months in March

Average house asking prices rose 1.5 per cent in March to £368,118, according to the latest figures from listings site Rightmove.

The data, which looks at the prices of newly listed homes, showed that the typical asking price has increased by £13,000 since December, although average asking prices are still £4,776 lower than their peak in May 2023.

1710757637 951 BUSINESS LIVE Currys raises its outlook Last drink losses persist

The best UK stocks and funds to keep in your Isa

The UK stock market is going through a “dark ages” which has seen international and domestic investors withdraw billions from UK funds and shares.

In 2023, ordinary UK investors withdrew a whopping £13.6 billion from investment-focused funds in the UK stock market, according to the Investment Association (IA). This is the worst level of capital outflows since comparable records began.

1710757638 935 BUSINESS LIVE Currys raises its outlook Last drink losses persist

Workers silenced by gag orders

Hundreds of women who report sexual harassment or bullying at work are being silenced by gagging orders, the Mail can reveal.

More than one in four people who have been mistreated in the workplace are asked by their employer to sign “non-disclosure agreements” (NDAs) which prevent them from speaking publicly.

1710757638 153 BUSINESS LIVE Currys raises its outlook Last drink losses persist

The FTSE 100 index opened at 7727.42

The British pound at 8 a.m. was worth $1.2740 compared to $1.2732 at the previous close.

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