Spring Budget 2024: Hospitality bosses urge Government for more relief before ‘doing irreversible damage’ February 29, 2024 Ahead of the Spring Budget, bosses across the UK’s troubled hospitality sector are piling fresh pressure on Chancellor Jeremy Hunt to provide greater relief before “doing irreversible damage”.
Value of UK housing stock dropped by £27bn in 2023 as high costs hurt market February 14, 2024 The UK’s housing stock has seen its first annual decline in value since 2012 after some £27bn was wiped off last year, according to new analysis, amid higher mortgage costs and pressure on household finances. Figures from property firm Savills showed that despite the fall, the value of housing remained £1.585tn higher than 2019, before [...]
Jet2 set for bumper profits as Brits opt for better weather and warmer seas July 2, 2023 Jet2 is set to report profits ahead of expectations in its full year results next week, as the leisure travel company eyes a critical summer period ahead. The group now expects pre-tax profits well above previous analysts’ estimates, of up to nearly £400m, well ahead of initial predictions of £377m. It comes amid a rise [...]
SMEs fear winter supply chain crunch could hit revenue in golden Christmas quarter October 22, 2023 Supply chain disruption is the top concern of medium-sized businesses ahead of winter, a survey has found, as rising costs put pressure on revenue targets. The poll of 500 medium-sized business leaders by consultancy BDO showed nearly a quarter fear that supply chain issues, including suppliers folding and stock shortages, could endanger revenue targets this [...]
A sign of the times: Pawnbroker Ramsdens cheers ‘milestone’ year as cash-strapped Brits flog valuables January 15, 2024 Pawnbroker Ramsdens recorded ‘milestone’ full year profits as it was helped by Brits flogging their goods amid the cost of living crisis.
John Lewis submits £500m London planning bid for 800 homes – but questions remain about affordability June 30, 2023 John Lewis is pressing on with its shift away from the high street and into residential property by submitting initial planning applications for new ‘build to rent’ homes in the capital The hard-hit retailer submitted proposals for nearly 800 rental homes on London sites in West Ealing and Bromley, with plans for a site in [...]
London rents hit ‘record high’ of over £2,000 per month as shrinking supply hits tenants hard October 5, 2023 The cost of renting in London is now 12.1 per cent higher than it was last year, as tenants dish out “record” payments of £2,627 pcm to live in the capital, a new report from Rightmove shows. Over the last year, lodgers in the capital have seen their rents surge to fresh highs because the [...]
‘Customers can’t afford to pay’: Fears for London’s hospitality scene mount before general election May 25, 2024 Fears for London’s hospitality scene are mounting among restaurant and pub owners, as many reveal they are still trading below pre-pandemic levels due to red hot supply costs and pressures on consumer spending.
Inflation forces firms to ditch ESG initiatives September 12, 2023 Inflation and rising costs are forcing firms to leave behind ESG initiatives in an effort to “keep their heads above water,” per a new survey. Firms are being forced into supply chain changes due to rising costs as well as disruption. Some 90 per cent of supply chains have experienced disruption in the past year, [...]
Scrapping ban on two-for-one junk food deals would be ‘unforgivable’ despite cost of living crisis June 17, 2023 Scrapping a planned anti-obesity policy banning two-for-one junk food deals would be “unforgivable”, health campaigners have warned, after the Government delayed the measure beyond the next election. TV doctor Chris van Tulleken branded suggestions the “light-touch” regulation would restrict consumer choice “ludicrous” following No 10’s announcement it had been shelved amid concerns about the cost-of-living [...]