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Tag: pratley

Rolls-Royce’s self-reliance has given the chancellor a boost | Nils Pratley | Business

Rishi Sunak will be delighted. The chancellor told the aviation industry that government-backed bailouts would only be considered “as a last resort”, and here comes engine-maker Rolls-Royce to demonstrate what it can achieve under its own steam. Rolls’ shareholders should also be pleased. Monday’s dividend suspension is bad news for them, but not half as …

Rolls-Royce’s self-reliance has given the chancellor a boost | Nils Pratley | BusinessRead More

OECD could persuade UK to drop digital tax – and thereby avoid US threats | Nils Pratley | Business

Here’s a ladder, Mr Javid, would you like to climb down? That was not, obviously, how the head of the Organisation for Economic Co-operation and Development pitched his hope that a global agreement on taxing technology giants will be in place by the end of the year. But one can sense how events might develop. …

OECD could persuade UK to drop digital tax – and thereby avoid US threats | Nils Pratley | BusinessRead More

John Lewis is not in a crisis – it has failed to adapt | Nils Pratley | Business

In John Lewis’s Christmas advert, a fire-breathing CGI dragon caused havoc. Peak-season trading at the employee-owned business wasn’t quite that bad because Waitrose is destined to record same-again profits for the full year of £200m-ish. But profits at the department stores are unrecognisable. The phrase “substantially lower” than last year’s £115m probably implies a profit …

John Lewis is not in a crisis – it has failed to adapt | Nils Pratley | BusinessRead More

BlackRock’s Larry Fink must think again over tackling climate crisis | Nils Pratley | Business

Here’s a good question for Larry Fink, the BlackRock billionaire, to address when he dispatches his lofty annual “dear CEO” letter in the new year. Is his firm guilty of “greenwashing”? In other words, is the world’s biggest fund manager, with an astonishing $7tn of assets under its roof, posing as a pioneer of climate …

BlackRock’s Larry Fink must think again over tackling climate crisis | Nils Pratley | BusinessRead More

Uber must soon face up to task of picking up some serious money | Nils Pratley | Business

Uber was smart to get itself listed on the New York stock exchange before the WeWork fiasco. There’s now a much-needed mood of scepticism on Wall Street towards cash-burning companies whose horizon for profitability stretches into the middle distance. Uber might find it harder today to raise $8bn (£6.2bn) at a whizzy valuation. As it …

Uber must soon face up to task of picking up some serious money | Nils Pratley | BusinessRead More

Uber must soon face up to task of picking up some serious money | Nils Pratley | Business

Uber was smart to get itself listed on the New York stock exchange before the WeWork fiasco. There’s now a much-needed mood of scepticism on Wall Street towards cash-burning companies whose horizon for profitability stretches into the middle distance. Uber might find it harder today to raise $8bn (£6.2bn) at a whizzy valuation. As it …

Uber must soon face up to task of picking up some serious money | Nils Pratley | BusinessRead More

Labour won’t win economic credibility by attacking easy targets | Nils Pratley | Business

It’s the knockabout stage of the general election campaign, so there’s no real harm in the leader of the Labour party summoning a few business villains for the crowd to boo. But let’s hope the manifesto will offer a more nuanced analysis of business in the UK. If business, in all its variety, ends up …

Labour won’t win economic credibility by attacking easy targets | Nils Pratley | BusinessRead More

After Woodford, where is the contrition from Hargreaves Lansdown? | Nils Pratley | Business

What does Hargreaves Lansdown, Neil Woodford’s former cheerleader-in-chief, make of its old hero’s decision to throw in the towel? Surely this is an ideal moment for the investment platform’s chief executive, Chris Hill, to share the “learnings and improvements” that apply to his own firm. He’s been promising to reveal the fruits of this exercise …

After Woodford, where is the contrition from Hargreaves Lansdown? | Nils Pratley | BusinessRead More

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | Business

Call it a full house of poor economic news. The services sector is contracting, according to the purchasing managers’ index, joining the manufacturing and construction industries in negative territory. In big picture terms, there are no bright spots. The official data, which measures actual economic activity as opposed to managers’ view of prospects, may yet …

Even if there is a Brexit deal, a UK interest rate cut seems likely | Nils Pratley | BusinessRead More

CBI is wrong to see cost as big issue in Labour’s nationalisation plans | Nils Pratley | Business

The Confederation of British Industry is barking up the wrong tree when it howls about the “eye-watering” cost of Labour’s nationalisation plans, which it puts at almost £200bn. Of all the arguments against nationalisation – and there are many strong ones – the claimed upfront cost is the weakest. The CBI skips over the fact …

CBI is wrong to see cost as big issue in Labour’s nationalisation plans | Nils Pratley | BusinessRead More