After a difficult 2023, outlook for online trading platforms brightens as retail investors return January 8, 2024 A number of trading platforms recorded exceptionally good years in 2021 and 2022 as people locked at home during Covid with nothing to spend money on took a punt on an increasingly volatile market.
Black Friday sales due to drop by a quarter as cash-strapped Brits hold off for Christmas November 16, 2023 Overall, the proportion who do not intend to buy at all has increased from 39 per cent last year to 56 per cent.
Harry Potter publisher Bloomsbury benefits as Brits turn to books as affordable treat in cost of living crunch March 15, 2023 People turning increasingly to books as an affordable hobby in the cost-of-living crisis has helped Harry Potter publisher Bloomsbury hike its full-year profit outlook. The group – which is also the publisher behind Bake Off star Paul Hollywood’s latest cookbook Bake – said it was seeing surging demand for titles in print, ebook and audio, [...]
Slump in trading: Turnover of a quarter of ALL British companies dropped last month, ONS reveals July 14, 2022 Almost a quarter of UK firms have revealed a slump in trade over the past month as cost-of-living pressures continue to bite, according to new figures. The Office for National Statistics (ONS), in its latest fortnightly business survey, found 24% of companies said their turnover dropped in June compared with May. It comes as half [...]
Happy hour: Green shoots for fine wine with ‘normalisation of demand’ after Covid April 14, 2024 The industry benchmark, the Liv-ex Fine Wine 100, rose by 0.4 per cent in March, the first rise in 12 months.
Moneysupermarket expects no ‘significant’ energy switching this year July 24, 2023 Moneysupermarket has said that it does not expect customers to start switching energy suppliers in any “significant” numbers this year.
Matalan: Rainy weather and shift back to stores leads to revenue slump July 24, 2023 Matalan reported a challenging first quarter as poor summer weather impacted sales against the backdrop of cost of living pressures and a shift away from digital. The bargain homeware and clothing retailer said revenues in the thirteen weeks to 27th of May declined eight per cent to £263m. However, in the five weeks to the [...]
London Heathrow reports booming May traffic as triple Bank Holiday eclipses strikes June 12, 2023 London’s Heathrow Airport had 6.7m passengers in May as a triple bank holiday and strong demand for transatlantic routes helped it shrug off eight days of strike action. The airport said this morning that it currently has “more daily flights than ever before between the UK and USA,” with one in four passengers flying between [...]
Food inflation cools but Russia’s exit from grain deal poses threat to prices August 29, 2023 Food inflation cooled once again in August, new figures out today show, in a sign that cost of living pressures in the UK are gradually starting to ease. Food inflation fell to 11.6 per cent in August, down from 14.3 per cent in July, according to fresh figures from the British Retail Consortium (BRC). However, [...]
‘The last thing commuters need’: London business groups slam rail fare hike August 16, 2023 London business groups have slammed a significant government hike in rail ticket fares set to hit commuters next March. The Department for Transport (DfT) has committed to ensuring any fare increase falls below the nine per cent rise in the Retail Price Index (RPI) inflation measure, announced by the ONS on Wednesday morning. Regulated rail [...]