eBay UK chief slams Royal Mail strikes for impact on small businesses November 24, 2022 Ebay’s UK chief has slammed posties’ strike action, saying small businesses are being caught in a “crosshairs at the very time they most need support”. Writing in City A.M., Murray Lambell said smaller e-commerce firms were the “lifeblood” of the economy and must be protected during this festive season. “The last two festive trading periods [...]
UK growth set to slow as economy experiences ‘renewed signs of stress’, KPMG warns September 25, 2023 The UK economy will “struggle to keep its head above water” for the remainder of this year as it is experiencing “renewed signs of stress,” KPMG warned today.
Made.com confirms emergency measures to bolster balance sheet August 18, 2022 Furniture firm Made.com confirmed it is mulling a capital raise to shore up its balance sheet today as it grapples with a plummeting share price and soaring costs.
Keir Starmer could be more like Harold Wilson than Tony Blair June 26, 2024 Comparisons with 1997 start and finish with the polls. Unlike Blair, Starmer will inherit an economy in desperate need of a sharp turnaround, says Paul Ormerod Labour’s massive lead in the opinion polls is generating many parallels with the 1997 election. Will Keir Starmer end up with a bigger majority than Tony Blair or not? [...]
UK set for stubborn inflation and slow growth, OECD warns September 19, 2023 Inflation in the UK will be higher than previously expected next year while growth will be lower, according to cheerful new forecasts from the Organisation for Economic Co-operation and Development (OECD).
Shares tumble for struggling FTSE housebuilders: ‘The scale of challenge cannot be swept under carpet’ July 13, 2023 The share price of London FTSE 100 and FTSE 250 house builders all took a tumble this morning, as fresh reports highlighting the state of the property market dampened investor confidence. Barratt was the hardest to fall this morning, with its shares sliding 4.67 per cent, as the group reported a 49 per cent decline [...]
Summer of sport helps provide respite but insolvency trend continues September 20, 2024 A summer of sport and warmer weather helped provide some respite to the retail and hospitality industries in England and Wales helped the number of insolvencies dip last month compared to July, according to new figures. Around 10,000 individuals entered insolvency in August 2024, five per cent lower than July’s total but 16 per cent [...]
Naked Wines admits ‘mistakes’ as retailer sets out shake up October 20, 2022 Naked Wines has announced a shake up of the business in a bid to cut costs,including 30 redundancies. The wine retailer, which enjoyed booming sales in the pandemic, said it had “made mistakes” while pursuing “rapid growth.” Low consumer confidence and high levels of supply chain inflation had resulted in an underwhelming performance for the [...]
UK consumer confidence at six-year low ahead of election October 31, 2019 Brits’ confidence in the economy fell back to its joint-lowest in six years this month, a survey showed today, as yet more Brexit uncertainty increased consumers’ gloom. Read more: Fourth time lucky as MPs back Boris Johnson for December election The consumer confidence index from market research institute GfK fell to minus 14 in October. [...]
Black Friday: Cash-strapped shoppers look to snap up Christmas bargains before cutting back November 25, 2022 Cash-strapped shoppers will take advantage of Black Friday discounts this weekend as they try to make Christmas special, before tightening their belts as the UK enters into a recession. While retailers may see a temporary boost in sales this weekend, shoppers will pull forward Christmas spending rather than “buying twice” as in previous years, Hargreaves [...]