Workers at Rolls-Royce car plant receive pay increase after strike threat December 16, 2022 Workers at one of Rolls-Royce’s automotive plants have received a pay increase of up to 17.6 per cent following the threat of strikes. Staff at the Goodwood plant in West Sussex will receive a salary hike of 10 per cent plus a £2,000 lump sum. This means an increase of 16 per cent for the [...]
Slim pickings: Frozen turkeys dwindle amid labour shortage and consumer spending splurge November 11, 2021 There is slim availability of frozen turkeys, which prompted fears over Christmas after Covid-19 curbed festivities last year, according to the latest research. Around 18 per cent of stores stocking the Christmas dinner staple in the UK had either “low” stock or “none” at all, market researcher Kantar found, although supplies have increased slightly since [...]
Wolfson does it again? Next beats revenue expectations despite recession fears May 4, 2023 Next remained confident in front of investors this morning with better than expected sales in the first three months of the year.
Nervous buyers see house prices fall in largest monthly dip in four years December 12, 2022 House prices have fallen in the largest monthly dip in four years due to buyer nerves in the wake of economic and political turmoil. The average price of a house coming to the market is down £7,862 this month, a drop of 2.1 per cent, according to Rightmove’s latest house price index. The average price [...]
We can’t subsidise or incentivise away the pain of a transition to renewable energy November 28, 2023 In theory, higher energy prices should be welcome news to the politicians who claim they want a green future, writes Paul Ormerod
B&M hopes to win long-term customers from shoppers trading down in economic crunch November 10, 2022 B&M has said it is optimistic that it would be able to retain the loyalty of shoppers who are switching to the discount retailer amid the economic downturn. The British-Luxembourg business said it was “well positioned” to reap the rewards of customers who were trading down in both grocery and non-grocery, against the backdrop of [...]
Rishi Sunak pleads with Brits to ‘hold our nerve’ in face of sky high interest rates and inflation June 26, 2023 Prime Minister Rishi Sunak has urged the country to “hold our nerve” with sky high interest rates in order to beat down scorching inflation. Sunak today on BBC’s Sunday With Laura Kuenssberg programme gave his full backing the Bank of England’s latest interest rate rise as Tory backbenchers slammed Governor Andrew Bailey for being “asleep [...]
Ryanair chief forecasts price increase after ‘surprisingly strong’ bookings October 13, 2022 Ryanair is predicting an increase in prices following “surprisingly strong” bookings, according to chief executive Michael O’Leary. O’Leary said that – despite recent forecasts of 3-4 per cent growth – air fares “will rise by a mid to high single digit figure for the full year” unless alarming reports on Covid and Ukraine come out. [...]
Restaurants ‘entering winter in freefall’ as insolvencies leap by almost half November 8, 2022 There has been a tsunami of restaurants entering liquidation in the quarter to September, causing hospitality leaders to renew cries for government support this winter. According to recent numbers from the Insolvency Service, the number of food venues facing insolvency sky-rocketed 46 per cent in the most recent quarter. Some 158 businesses went into liquidation [...]
Dunelm prepares to open first London stores as sales and profit rise September 11, 2024 London-listed homeware retailer Dunelm has seen its sales tick up despite its customers facing “competing demands” for their disposable income. The Leicester-headquartered firm saw its overall revenue climb to £1.7bn in the 12 months to 29 June 2024, up from £1.64bn the previous year—growth of 4.1 per cent. This increase was largely driven by 6.2 [...]