Can Bitcoin beat inflation? January 21, 2022 Increasing cryptocurrency adoption is certainly not inevitable but higher levels of current inflation is a friend to those looking to onboard newbies, writes Gavin S Brown.
Pub and restaurant sales bounce back in April ahead of full reopening May 14, 2021 Pub and restaurant sales bounced back in April, reaching almost 75 per cent of pre-pandemic levels in a confidence boost for the sector ahead of its full reopening on Monday. Managed pub and restaurant groups recorded a 26 per cent drop in like-for-like sales last month compared to April 2019. The period covers three full [...]
Scotch Malt Whisky Society owners enjoy sales growth despite Brexit export issues July 19, 2021 The Artisanal Spirits Company, the owner of The Scotch Malt Whisky Society, has enjoyed a 28 per cent lift to online sales in the UK despite minor membership growth. Despite last year’s lockdown spurring on drinking habits, the spirits company pulled in £1.7m in the six months to 30 June, in comparison to £1.3m during [...]
JD Sports expects to beat profit expectations following Black Friday and Christmas sales January 12, 2022 JD Sports expects full-year profits to beat expectations following improved trading performance over Black Friday and Christmas.
UK retail sales surge higher in March ahead of lockdown easing April 23, 2021 Retail sales continued to recover in March with a monthly increase of 5.4 per cent as the nearing of Covid restrictions loosening boosted consumer spending. This exceeded a prediction from economics of a monthly increase of 1.5 per cent, data from the Office for National Statistics showed on Friday. Sales were 1.6 per cent higher [...]
CBI: UK economy to grow 8.2 per cent this year in return to pre-Covid level June 18, 2021 Britain’s economy will bounce back to its pre-Covid level by the end of the year, despite a delay to the end of lockdown restrictions, economists said today. The CBI has upgraded its latest forecast for the UK economy, predicting GDP growth of 8.2 per cent this year, up from a previous forecast of 6 per cent. [...]
UK manufacturers’ costs rise at fastest pace in a decade September 15, 2021 UK manufacturers’ costs rose at their fastest pace in a decade last month, adding to concerns price rises in the British economy may be much stickier than expected after separate data published today shows consumer price inflation jumped at its fastest rate on record. Input prices – typically materials used in the day-to-day running of [...]
UK aims to sign free trade deal with New Zealand in August June 18, 2021 The UK is aiming to strike a new free trade deal with New Zealand in August after the latest round of talks between the two countries concluded. Fresh from the recent deal with Australia, international trade secretary Liz Truss met with her Antipodean counterpart Damien O’Connor yesterday. In a joint statement, the two sides said: [...]
End of lockdown: Most UK shoppers feel safe about returning to the high street on 12 April April 8, 2021 Most consumers feel safe returning to the high street, the latest research has shown ahead of non-essential retailers reopening on 12 April. According to a survey by Deloitte, 56 per cent of shoppers will feel safe about coronavirus risks when heading out to the high street next week, a 16 percentage point increase compared to [...]
Comcast defies Wall Street estimates but falls down on broadband January 27, 2022 Comcast defied Wall Street estimates today, reporting fourth-quarter earnings of $3.06bn (£2.29bn), and boosting streaming numbers. This placed earnings per share at 77 cents adjusted, in parallel to the 73 cents estimated. The owner of Sky increased its dividend by eight per cent to 27 cents per quarter, and Brian L. Roberts, Chairman and Chief [...]