The U.K. Closed a Tax Loophole for the Global Rich. Now They're Fleeing.
'I'm on my way out,' said Bassim Haidar, a Nigerian-born Lebanese businessman who moved here in 2010. 'There comes a time when you don't feel welcome anymore, and it's time to just start packing and leaving.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
17 minutes ago
- Yahoo
Former Liverpool boss wants to sign Reds' POWERHOUSE midfielder
Liverpool need more departures We could see Darwin Nunez, Federico Chiesa and Ben Doak move on before the window closes - while Harvey Elliott and Tyler Morton could also make way. Those sales would give Liverpool even more breathing space in the transfer market - as well as clearing significant room on the wage bill. One more player tipped for the exit is Stefan Bajcetic. The 20-year-old spent last season out on loan to Red Bull Salzburg under Pep Lijnders and at Las Palmas in LaLiga. Bajcetic in demand The midfielder, described as 'outstanding' by former Reds captain Jordan Henderson, has got admirers in LaLiga with Celta Vigo and Valencia in the mix to sign him. But a new contender has now emerged for the Spain under-21 international with Brendan Rodgers' Celtic coming forward with their interest. That's according to a new report in TEAMtalk, which claims a temporary deal plus an obligation to purchase is in the offing. © IMAGO - Stefan Bajcetic Liverpool Brendan Rodgers wants Bajcetic at Celtic 'Liverpool are open to letting the highly-rated 20-year-old Spanish midfielder leave in the summer transfer window, with a loan-to-buy deal being the likely structure,' the report reads. 'However, Bajcetic's high valuation could pose another challenge for Celtic, who are cautious about overextending their budget.' It's not clear how much Liverpool would command for Bajcetic. © IMAGO Bajcetic asking price He is under contract until 2027 and has not played much for the club over the last few seasons due to injuries and his loan spells. With Liverpool reportedly looking for more than €9m for Tyler Morton - who is under contract until 2026 - it could mean Bajcetic goes for slightly more than that. Whether Celtic have the funds to come up with a deal for Bajcetic remains to be seen. Nonetheless, the schemer is not on tour with the Reds in Asia and is expected to conclude a move away before the window closes.
Yahoo
17 minutes ago
- Yahoo
Rolls-Royce CFO talks profit jump, engine upgrades, & growth
Shares of UK-based aerospace and defense manufacturer Rolls-Royce Holdings (RR.L) hit a record after a jump in first-half profit, driven by gains in its civil aerospace, defense, and energy divisions. Helen McCabe, CFO of Rolls-Royce, joins Market Catalysts to discuss progress on engine durability and how its turnaround plan is paying off. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
17 minutes ago
- Yahoo
XPO Cuts Costs, Expands Margins Despite Freight Slowdown
XPO, Inc. (NYSE:XPO) reported second-quarter 2025 financial results on Thursday. Adjusted diluted earnings per share (EPS) of $1.05 exceeded the analyst consensus of $1.00. Revenue reached $2.08 billion for the quarter, surpassing estimates of $2.06 billion and remaining flat year over year. XPO's operating income for the second quarter of 2025 rose slightly to $198 million from $197 million in the same period last year. On an adjusted basis, adjusted net income was $125 million for the quarter, compared to $135 million in the second quarter of 2024. Adjusted EBITDA for the second quarter was $340 million, a slight dip from $343 million in the prior year. Also Read: XPO's North American Less-Than-Truckload (LTL) segment demonstrated strong operational performance. LTL revenue was $1.24 billion, a 2.5% decrease from the second quarter of 2024, attributed to a 5.1% decline in shipments per day and a 6.7% drop in daily tonnage. LTL segment achieved an adjusted operating ratio of 82.9%, a 30-basis-point improvement year-over-year, which CEO Mario Harik called 'industry-best.' Yield, excluding fuel, increased by 6.1%, and revenue per shipment grew by 5.6%. The company also significantly reduced purchased transportation expenses by 53% through insourcing linehaul miles. Adjusted EBITDA for the North American LTL segment increased 1.0% to $300 million. View more earnings on XPO The European Transportation segment reported revenue of $841 million, up 4.1% year-over-year. However, adjusted EBITDA for this segment declined to $44 million from $49 million in the prior year. Net income for the quarter was $106 million, down from $150 million a year ago. This decline in diluted EPS to $0.89 from $1.25 in the prior-year period was largely due to XPO lapping a one-time tax benefit related to its European business a year ago. XPO generated $247 million in operating cash flow and ended the quarter with $225 million in cash and cash equivalents. 'In our North American LTL business, we achieved an adjusted operating ratio of 82.9%, reflecting an industry-best year-over-year improvement of 30 basis points. While our tonnage declined in the soft freight environment, our world-class service culture drove above-market pricing growth and share gains with local customers,' Harik said in a statement. 'On the cost side, we reduced purchased transportation expense by 53% as we insourced linehaul miles to a record level. And we generated another gain in labor productivity, supported by our proprietary technology.' Harik continued, 'We're executing at a high level and consistently outperforming the industry, with a strategy that positions us to deliver long-term margin expansion and earnings growth,' he added. Price Action: XPO shares are trading lower by 8.88% to $120.54 at last check Thursday. Read Next:Image by Miguel Perfectti via Shutterstock UNLOCKED: 5 NEW TRADES EVERY WEEK. Click now to get top trade ideas daily, plus unlimited access to cutting-edge tools and strategies to gain an edge in the markets. Get the latest stock analysis from Benzinga? XPO (XPO): Free Stock Analysis Report This article XPO Cuts Costs, Expands Margins Despite Freight Slowdown originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio