BUSINESS LIVE: Currys raises outlook; Nightcap losses continue; Assetco has had an ‘exceptionally difficult’ year

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

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The challenging environment in the construction industry is impacting Marshalls’ profits

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

The recovery is slower than expected and profits have taken a big hit as a result.

While there isn’t much a company can do about macroeconomic factors, Marshalls has focused on keeping costs in check while the market has been tough, which has done quite well, although not much in relative terms has contributed to the success of the market. to compensate for the slow start to the year.

Landlords will pay more CGT on sales despite the tax cut, Hamptons says

Landlords who sell are likely to face a higher tax bill than two years ago, despite Jeremy Hunt’s Budget cuts to capital gains tax on the sale of second homes, new data shows.

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

1710756231 629 BUSINESS LIVE Currys raises outlook Nightcap losses continue Assetco has

Rightmove: Asking prices recorded the biggest increase in ten months in March

The average asking price of a property rose by 1.5 per cent to £368,118 in March, according to the latest figures from property website Rightmove.

The data, which looks at the prices of new properties brought to the market, shows that the average asking price has risen by £13,000 since December, although average asking prices are still £4,776 below their May 2023 peak.

1710756234 512 BUSINESS LIVE Currys raises outlook Nightcap losses continue Assetco has

The best bargain UK shares and funds to put into your Isa

The UK stock market is going through a ‘dark age’ as international and domestic investors have withdrawn billions from UK funds and shares.

According to the Investment Association (IA), ordinary British investors will have withdrawn as much as £13.6 billion from funds that focus on investing in the UK stock market in 2023. That’s the worst level of outflows since comparable records began.

1710756236 626 BUSINESS LIVE Currys raises outlook Nightcap losses continue Assetco has

Female workers are silenced with gagging orders

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

More than one in four people who have been abused in the workplace are asked by their employers to sign ‘non-disclosure agreements’ (NDAs) that prevent them from speaking out in public.

1710756238 337 BUSINESS LIVE Currys raises outlook Nightcap losses continue Assetco has

The FTSE 100 index opened at 7727.42

The pound at 8am was $1.2740, up from $1.2732 at the previous close.