Small business confidence tumbles on swelling costs and weaker demand October 19, 2022 Intensifying cost pressures and a slowdown in consumer spending as a result of cost of living crunch squeezing Brits has led to a collapse in confidence among small firms, a new survey out today shows. Net confidence plummeted to minus 35.9 in the three months to October, down by 11.2 points over the last quarter, [...]
Asos’ UK sales slip as analysts warn firm has a “mountain to climb” January 12, 2023 Pandemic darling Asos reported a further decline in UK sales this morning, with the fast fashion flagship’s boss insisting the firm was making good progress on a turnaround plan. UK sales slipped eight per cent year on year in the four months into December 31, with the firm blaming “weak consumer sentiment.” Fast fashion firms, [...]
More a third of hospitality businesses fear last orders due to cost crunch October 31, 2022 More than a third of pubs and restaurants are facing last orders by early next year due to the pressures of historically high inflation. Pubs have been hit with soaring energy, food and wage costs, as they seek to rebuild after the Covid-19 pandemic. These mounting costs have resulted in 35 per cent of businesses [...]
Ofgem must hold firm on financial rules for suppliers after energy crisis, MP warns November 1, 2023 Ofgem needs to hold firm on financial requirements for suppliers, warned the deputy chair of a leading panel of Westminster MPs.
FCA hosts crypto event to assess how digital assets can be regulated May 13, 2022 The UK’s Financial Conduct Authority hosted a two-day ‘CryptoSprint’ event aimed at exploring how crypto assets could be regulated in the UK.
Meet the zero-emission parcel delivery start-up on a mission to change the industry August 12, 2024 How often do you find yourself frustrated with your local parcel delivery service?
Marston’s warns of uncertain outlook ahead of pub reopenings June 26, 2020 Marston’s warned its financial outlook in the short term is uncertain as it looks to reopening pubs and restaurants from next week. The figures The pub operator said the coronavirus outbreak had a material impact on revenues estimated at around £40m. It took a hit to profit as it reported a £9.4m profit before tax [...]
DS Smith: Inflation can’t keep profits boxed up for Amazon cardboard provider June 22, 2023 DS Smith reported soaring profits and trading in line with expectations in its full year results this morning, as the package specialist continued to show strong resistance to high inflation and rising paper costs. The London-listed group – which delivers boxes and paper products to companies including Amazon and Brewdog – saw pre-tax profits up [...]
London economy powers ahead of every other UK region as the capital shrugs off recession fears April 18, 2023 London’s economy is firing on all cylinders and has raced ahead of every other region in the UK as spending in the capital climbs to the highest level in a year, a new survey shows. According to NatWest and S&P Global’s regional purchasing managers’ index (PMI), businesses in London are performing better than in any [...]
Revenue dips for musicMagpie as book sales slump June 16, 2022 Seller of refurbished products musicMagpie posted a solid performance for its half year results this morning, despite economic headwinds battering the industry.