Shop price inflation hits highest rate in more than a decade March 2, 2022 Shop price annual inflation surged to the highest rate since November 2011 last month, as households’ concerns about the cost of living increases. The rate hit 1.8 per cent in February, an increase from 1.5 per cent in January, according to the British Retail Consortium (BRC) and NielsenIQ. Non-food inflation surged to 1.3 per cent [...]
Next lifts profit forecast to £822m as shareholders await New Year payday January 6, 2022 Next has told shareholders to expect a special dividend at the end of the month, after lifting its profit guidance for the full year. The high street retailer has raised in profit before tax guidance by £22m, to £822m – up nearly 10 per cent in comparison with pre-pandemic levels. Meanwhile, investors eye a £205m [...]
Pub time: What Londoners and people across the UK can and cannot do from today April 12, 2021 Londoners can look forward to getting a round in for the first time in months today. Pub gardens and restaurants with outdoor dining are preparing for a surge of customers as lockdown eases, prompting Boris Johnson to urge the nation to “behave responsibly”. While the English are the only ones looking forward to a pub-pulled [...]
Unprecedented: UK petrol prices hit staggering 148p per litre for the first time ever February 14, 2022 The average UK petrol price per litre has surpassed 148p for the first time ever, breaking the record price levels for the third time this year.
MADE revises down revenue forecast amid ‘significant’ supply chain struggles December 9, 2021 Home retailer MADE has revised down its revenue guidance as it battles the “significant” supply chain disruptions that have hit most industries. It has also warned investors of a potential £12m to £15m loss in adjusted earnings, which it expects to recover next year. The news prompted shareholders to pile out of the stock, leaving [...]
FTSE 100 falls and US stocks mixed as coronavirus cases rise October 27, 2020 The FTSE 100 fell in afternoon trading after a choppy morning session, while US stocks were mixed amid rising coronavirus cases and some worrying economic data. London’s main stock index was last down 0.8 per cent at 5,745 points, having also fallen yesterday. Read more:HSBC to overhaul business model and accelerate plan to slash costs [...]
Our relationship with China has been overhauled, but it’s still a crucial one for the City April 27, 2023 Next Monday, Virgin Atlantic planes between London Heathrow and Shanghai will resume. This reopens many symbolic and actual possibilities for our relationship with China, writes Juha Jarvinen
Consumer spending surges as lockdown restrictions end July 14, 2020 Brits rushed back to the shops in June after lockdown restrictions ended, prompting the biggest jump in sales since May 2018 as consumers indulged in some much-needed retail therapy. According to new data from the British Retail Consortium, total sales rose 3.4 per cent in June in the first month of growth since lockdown measures [...]
M&S on the verge of a FTSE 100 comeback November 10, 2021 Marks & Spencer is closing in on a return to FTSE 100, with the retailer ranking 110th on this evening's close.
Profit slides at Poundland owner Pepco amid pandemic June 23, 2020 Pepco Group suffered a more than 16 per cent slide in profit in the first half of its 2020 financial year, damaged by a lack of sales during the coronavirus pandemic. The owner of Poundland reported an income of €89m (£80m) in the six months to March, having posted €116m in profit up until February. [...]