Aldi throws £1.4bn into expansion as discount grocer enjoys record sales September 25, 2023 German discounter Aldi will invest £1.4bn over two years to support its expansion plans, as customers seeking out cheaper groceries continues to be a boon for the business. The value supermarket revealed today that its annual sales increased by a whopping £2bn to £15.5bn in the year to December, a record for the store in [...]
Brits lose more than £2.6bn to investment scams since 2020, pension body warns April 2, 2024 Britons have lost more than £2.6bn to investment fraud since the start of 2020, according to new research, as experts warn of the rise of scams originating on social media.
Car insurance premiums hit highest levels since records began August 11, 2023 Motor insurance premiums have soared to their highest levels since records began, according to research from the Association of British Insurers (ABI). Over the last year, the average price paid for car insurance rose 21 per cent to £511, the highest since the ABI began collecting data in 2012. The ABI said that “sustained cost [...]
N Brown Group shores up bottom line amid slump in revenue June 6, 2024 The owner of the Jacamo and Simply Be clothing brands has blamed macroeconomic challenges for the slump in revenue it reported in its full year results which also included a jump in profit.
Misery for London retailers as they face £575m business rates bill November 27, 2023 Retail properties in London could be faced with an extra £575.55m in business rates next year as they are not eligible for support measures.
Pets at Home and CVS shares plunge after CMA vows to investigate veterinary fees September 7, 2023 Shares in British veterinary services firms Pets at Home and CVS Group plunged on Thursday, after the UK’s antitrust watchdog launched a review into the market amid concerns that pet owners might not be getting a good deal. The Competition and Markets Authority (CMA) will look into the fees charged for veterinary services amid soaring [...]
Nine in 10 financial firms expect to perform well over next year despite economic challenges June 24, 2024 Almost nine in 10 financial services firms are confident they will perform well over the coming year, data shared exclusively with City A.M. suggests, although economic pressures remain a leading concern ahead of the general election on 4 July.
Glass half-full: Why Fuller’s chief remains optimistic despite strikes leaving a £4m dent in Christmas sales January 23, 2023 Pub chain Fuller’s lost £4m in sales due to the impact of strikes over Christmas and new year, as its chief warned of lower expectations for the full year. Chiswick-based Fuller, Smith and Turner reported in the 43 weeks to January that like-for-like sales were up a fifth on the Covid-impacted previous year – despite [...]
London high streets get pre-Christmas boost December 1, 2023 The number of people hitting the high street in London grew in November, according to the latest footfall statistics, as the capital gears up for a much needed festive boost. A new reading from the British Retail Consortium (BRC) shows that footfall in London reached -0.4 per cent in November down from -2.9 per cent [...]
BBC needs to be ‘realistic’ about fee hike, says media secretary Lucy Frazer December 4, 2023 Media secretary Lucy Frazer has urged the BBC to be more "realistic" about what people can afford to pay for the TV licence fee.