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...Pre-tax losses at the private equity-backed business widened to £10.6mn during the 12 months to March, compared with a £10.2mn loss a year earlier, following a rise in staff and financing costs....
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...The cuts would be equivalent to 5 per cent of the firm’s financial advisory division....
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...Further tax rises and further cuts for most public services are built into current plans....
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...You could consider accelerating such planning to attempt to secure some benefits of the regime even if it is abolished....
...Indeed, Millennium, which has about 300 trading teams, has come to more closely resemble the markets division of a global bank....
...Sunak’s aides insist they are still “planning for an autumn election” and most Tory MPs remain convinced the prime minister will play it long, hoping for a revival in economic and political fortunes later...
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...The roughly $7bn enterprise value on that deal — a multiple of about 13 times CAA’s earnings before interest, tax, depreciation and amortisation in its latest financial year — represented a considerable...
...Yet this merely elevated the company’s full-year results to bad rather than awful, with its pre-tax loss halving to £240mn....
...De Haan said at the time that the change was a result of “carefully managed succession planning”....
...Reading posted an annual pre-tax loss of £17mn in its most recent set of accounts covering the year to June 2022. It lost £36mn the year before....
...The argument highlighted the deep ideological divisions between the left-leaning Greens and pro-business liberals....
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