Retail experts warn of ‘challenging’ months ahead as sales growth slows February 7, 2023 Senior retail figures have warned that the coming months will be “challenging” for the sector, after sales slowed over January, falling below the three-month average growth of 5.2 per cent to 4.2 per cent Helen Dickinson OBE, chief executive at British Retail Consortium (BRC), said consumer confidence remains “stubbornly low” and looming rises in household [...]
FTSE 100 today: London markets braces for cautious opening as U.S. and Asian markets slip March 5, 2024 Hong Kong and Chinese stocks fell as China set a 5% growth target. Meanwhile, Bitcoin surged past $68,000. Investors now await Fed Chair Jerome Powell's testimony for market insights.
Egg-istential crisis: Shops ration staple as inflation, supply woes drive up price November 11, 2022 Supermarkets are rationing sales of eggs as problems with supply chains are leaving soaring prices and empty shelves. The staple food is experiencing a rise in price due to inflation and a shortage, owing in part to recent orders to house all poultry in doors due to a huge surge in avian flue. Steven Dresser, [...]
Train strikes to restart sparking anger from City bodies and hospitality groups May 6, 2024 Britain's railways are bracing for yet another round of industrial action as train drivers stage walkouts throughout next week.
UK to officially avoid recession in first half of this year as Bank of England readies twelfth straight interest rate rise May 8, 2023 Britain is set to have officially avoided a recession in the first half of this year in a sharp turnaround in fortunes for the country’s economy, figures out this week are expected to reveal. Gross domestic product (GDP), which measures the amount of goods and services produced in the UK, is anticipated to have risen [...]
Ultra-high food prices here to stay as Russia exits Black Sea grain deal with Ukraine July 17, 2023 Soaring food costs may not fall as quickly as markets had hoped, retail and pub industries have warned amid a Russian supply squeeze.
Asos under pressure as Gen Z shoppers switch to Shein April 9, 2024 Clive Black, analyst at Shore Capital, told City A.M. Asos has come off the back of three “really hard years” and is facing increased competition from Far East rivals Shein and Temu.
Food inflation hits highest rate ever recorded September 28, 2022 FOOD inflation surged to its highest rate on record since the index started in 2005, according to freshly published data. According to the British Retail Consortium (BRC) and NielsenIQ shop price index, food inflation hit 10.6 per cent in September, up from 9.3 per cent in August. For fresh food, inflation swelled to 12.1 per [...]
Airlines lift off helps FTSE 100 reverse early losses July 12, 2022 London markets whipsawed today as a rally among airline stocks outweighed recession fears. The capital’s premier FTSE 100 index jumped 0.18 per cent to drop to 7,209.86 points, while the mid-cap domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.1 per cent to close at 18,854.96 points. [...]
Bring me sunshine! Retailers hit by grim April weather as economy held back by the rain May 9, 2023 Retailers continued to be bruised by soaring inflation and poor weather conditions in April, as the sector holds out hope for summer to give a much needed boost in sales. Data by the British Retail Consortium (BRC) showed that while retail sales rose slightly over five per cent during the month, overall inflation meant that [...]