Letters: Inflation puts us back on the brink April 14, 2022 [Re: Inflation reaches 7 per cent as Brits fear cost of living crisis, April 13] The fact that inflation has reached a thirty-year high is a reminder of the huge disparity between the needs of businesses facing financial difficulties and the lack of support from the Government in addressing these challenges. Britain has not seen [...]
The Notebook: Want a good night’s sleep? Forget sheep, count your piggy banks July 15, 2024 Susannah Streeter takes the notebook pen to talk retail investors, the travel market and how to get a good night's sleep.
FCA warns Brits to seek help as soon as possible over financial troubles July 6, 2022 The financial regulator has urged Brits to seek help as soon as possible if they are facing financial difficulties amid the spiralling cost of household bills. Research has suggested that many borrowers are missing out on available support, the Financial Conduct Authority (FCA) said on Wednesday. Half of those borrowers in financial difficulty who waited [...]
Post-Brexit trade: Over half of UK firms pivoting to EU for growth, HSBC report says November 15, 2022 More than half UK firms are pivoting toward the European Union to navigate their way through economic turbulence. A groundbreaking survey carried out by HSBC UK found that 53 per cent of companies are targeting trade with the continent in spite of post-Brexit rules and renewed Brussels red tape. Surveying 2,000 firms in one of [...]
Competition watchdog warns of pastry price rises amid Jus-Rol and Cérélia merger May 30, 2022 The competition watchdog has raised concerns that a merger between two bake-at-home dough producers could lead to higher prices of pastries. The Competition and Market Authority’s (CMA) said it was concerned about a merger between Jus-Rol and Cérélia, with fears prices would rise while the quality of products could suffer. After the deal, Paris-based Cérélia [...]
Nightcap boss: ‘No place for mediocrity’ in economic tumult as cocktail brand’s sales surge November 13, 2022 Cocktail bar operator Nightcap is slowing down its expansion programme while its CEO told CityA.M. the sector faces “uncharted territory” this winter. While the London-listed business would not halt openings entirely, it would “be more cautious” with new sites, CEO Sarah Willingham said. In its annual report last week, the owner of The Adventure Bar [...]
Rail strikes continue TODAY: Here’s all you need to know December 6, 2023 Train drivers from the ASLEF union are set to continue this weeks' string of walkouts on Tuesday, halting services at a host of operators.
Warnings of a profit crisis for retailers as margins shrink in the past decade June 14, 2022 Retail profit margins will plunge to 5.1 per cent in 2022, the lowest level in a decade. Excluding the initial impact of the Covid 19 pandemic and related shop closures, profit margins will drop to the lowest level in a decade, down from 8.3 per cent in 2021. Some 57 per cent of UK consumers [...]
AO World swings to £37m loss as costs skyrocket August 18, 2022 Online electrical retailer AO World revealed it had swung to a £37m loss in the year to March as costs skyrocketed and pandemic-induced boom in sales dropped off.
Bank of England adds Brexit critic to rate setting committee May 13, 2022 The Bank of England (BoE) has appointed a strong critic of Brexit to its key rate setting monetary policy committee.