FTSE 100 close: London climbs on softer pound after Bank of England holds rates September 22, 2023 London's blue-chip FTSE 100 index rose on Friday as it benefited from the weak pound in the wake of the Bank of England's decision to hold interest rates steady.
Retailers blame Royal Mail strikes for Brits abandoning online shopping in the run up to Christmas January 20, 2023 Thousands of Brits appear to have abandoned online purchases following a series of strikes by Royal Mail employees, according to figures from the Office for National Statistics. Figures released by the ONS show that the proportion of online sales slipped by 0.5 per cent to 25.4 per cent in December. Retailers laid the blame on [...]
Natwest’s margins in focus as lender gears up for year of big changes February 12, 2024 Natwest looks to shrug off the turmoil of the recent debanking saga and prepares to sell its government-owned shares to the public.
UK set for recession rebound as growth returns, GDP figures expected to show March 11, 2024 Rob Wood, chief UK economist at Pantheon Macroeconomics, said last year's minor recession was "already disappearing in the rear-view mirror".
FTSE 100 today: London markets poised for quiet start as traders take break before Easter March 28, 2024 Asian shares stay calm despite the S&P 500 hitting a new high. The US dollar holds firm post comments from the Federal Reserve's Waller. Attention turns to possible yen intervention by Japan, while gold prices decline. Investors await updates on US consumer confidence and UK Q4 GDP.
Credit insurer cover cuts leave retail sector reeling October 18, 2023 Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
Sainsbury’s: Expected profits up as food shoppers splash Christmas cash but Argos bears brunt of cost of living crisis January 11, 2023 Sainsbury’s cashed in on Christmas shopping with retail sales up more than five per cent, as the supermarket giant expects its profit to be at the “upper end” of guidance. The major retailer now expects to be making close to £700m in pre-tax profit this March, despite the cost of living crisis weighing down consumer [...]
Hong Kong retail sales plummet as coronavirus continues to dent economy March 2, 2020 Hong Kong’s retail sales fell 21.4 per cent in January on a year-on-year basis, as fears over the spread of the coronavirus kept tourists away from the city’s shopping centres. Sales dropped to $4.9bn according to government data, the 12th consecutive month of decline. The coronavirus outbreak has compounded an already challenging environment for the [...]
UK off to strong start in 2024 despite recession while Germany and France stagnate February 24, 2024 Despite falling into a shallow recession in the second half of last year, business activity in the UK seems to have bounced back at the beginning of 2024.
Goodyear Tyres: Dunlop manufacturer’s sales hit £3bn following brands revamp June 12, 2024 The UK arm of tyre giants Goodyear and Dunlop has seen its sales soar to almost £3bn following its ongoing efforts to raise the profile of its retail brands.