RAC accuses petrol retailers of taking ‘drivers for a ride’ as prices rise despite plummeting wholesale costs December 3, 2021 RAC slammed petrol retailers today for raising prices in November despite plummeting wholesale costs on both major oil benchmarks.
Sales at H&M soar as restrictions ease but lag behind pre-pandemic levels June 15, 2021 Sales at H&M jumped in the retailer’s second quarter of 2021, however they remained well below the pre-pandemic sales recorded during the same period in 2019. Between 1 March to 31 May 2021, net sales at the clothing retailer grew 62 per cent in the period from a year earlier, or 75 per cent measured [...]
Wall Street wilts as yields rise ahead of speech by Federal Reserve chief Powell August 25, 2023 Wall Street has slumped despite a blowout profit report from Nvidia, following some mixed reports on the US economy. The S&P 500 dropped 1.3 per cent for its worst loss in three weeks. It nearly wiped out its gain for the week, which had been a bright spot in what has been a rough August. [...]
Signs of rising unemployment already apparent, says BoE’s Haskel July 1, 2020 Bank of England interest rate-setter Jonathan Haskel said that indicators of rising unemployment in the UK caused by the coronavirus crisis “are already revealing themselves.” In a speech given today, Haskel said there was a risk that Britain’s economy would be harder hit by the pandemic than the central bank has predicted. “I believe the [...]
UK retail footfall dives to lowest level on record after coronavirus lockdown April 15, 2020 UK retail footfall fell to the lowest level on record last month after the government ordered all non-essential stores to close during the coronavirus lockdown. Footfall plunged 41.3 per cent in March compared to the previous year, the latest data showed, driven by a drop of 81.4 per cent in the final week of the [...]
Saturday Spotlight: Cost of living crisis is giving Buy Now Pay Later shot in the arm December 10, 2022 Buy Now Pay Later offerings may be controversial and much-criticised, it seems the cost of living crisis is giving the format a major boost. In fact, it has emerged that nearly half of all Brits are more likely to or are already using Buy Now Pay Later (BNPL) services compared to a year ago, according [...]
HMV backs the High Street by putting in place plans for 10 new stores July 20, 2021 Music and entertainment retailer HMV has announced plans that it plans to open 10 new stores as it continues to show faith in the High Street. It includes plans for a flagship London site. Following its decline into administration two years ago its Oxford Street store – along with many others – were closed. However, [...]
Mark Kleinman: Dr Martens boss risks tripping over his own shoelaces December 7, 2023 Mark Kleinman is Sky News’ City Editor and is the man that gets the City talking in his weekly City A.M. column.
Marks Electrical shines in half-year results following stock market debut November 18, 2021 Online electrical retailer Marks Electrical reported a 78 per cent boost to revenue in its half-year results, while also posting a lower profit.
Growers warn leek supply will be exhausted by April as Therese Coffey tells Brits to eat turnips February 24, 2023 Growers are warning of a leek shortage that will see British-grown supplies exhausted by April. High temperatures and a lack of rain, followed by a period of cold weather, are being blamed for creating the “most difficult season ever”. Supermarkets are already limiting the sale of tomatoes and other fruit and vegetables because of a [...]