The group behind Magnum, Ben & Jerry’s and Cornetto now expects annual sales to grow by around 5.5%, compared with previous guidance for about 3-5%.

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The group said the Chancellor’s move to freeze property taxes for two years for the sector would have a ‘significant’ positive financial impact.

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The FTSE 100 oil giant reported better-than-expected underlying earnings of 10.81 billion US dollars for the three months to September 30.

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Gambling firms will see duty on machine games with stakes over £1 lifted from 20% to 25% from April next year.

The drugs giant revealed vaccine sales fell 2% to £2.6 billion in the three months to September 30 as demand waned for its shingles and RSV jabs.

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The consumer goods firm revealed underlying sales grew by 5.2% in the three months to September 30, of which 2.3% was due to higher prices.

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John Healey is said to believe the allowance cut was the wrong tool to persuade Britons to invest more in stocks and shares.

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The group saw shares plunge by as much as 22% as it reported a 4.5% drop in revenues to £142.4 million for the 53 weeks to October 3.

The London-listed group trimmed its group-wide annual revenue guidance to 3.5%-4.5% like-for-like growth within the core business.

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Prime minister Andy Burnham called on Royal Mail last week to address its operational shortcomings

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