Cheap and cheerful: Poundland owner to open 550 new sites as inflation drives expansion June 6, 2023 Poundland owner Pepco has plans to roll out 550 more sites this year across the UK and Europe as its cheap and cheerful goods continue to perform well with customers amidst the cost of living crisis. In its interim results the value shop, which sells everything from groceries to clothes, posted a 22.8 per cent [...]
Sainsbury’s boosts pay as part of £205m inflation package January 4, 2023 Sainsbury’s is investing £185m in pay bumps for staff as the supermarket looks to retain staff during a period of high inflation and rising cost of living. Pay will increase to £11 per hour for retail staff, with London workers paid £11.95. It represents a 10 per cent pay hike over the past year when [...]
Families splashing cash despite high inflation and interest rates fuels services growth June 5, 2023 Families splashing the cash despite high inflation and interest rates crimping their budgets is keeping Britain’s services economy motoring along, a closely watched survey out today shows. S&P Global and the Chartered Institute of Procurement and Supply’s (CIPS) final purchasing managers’ index (PMI) for the services sector, which generates about £2 in every £3 in [...]
Food inflation slumps to lowest level this year but experts caution against declaring victory yet August 1, 2023 Food inflation has slipped to its lowest level this year and has fallen for the third month in a row, an encouraging signal that suggests the UK is through the worst of the cost of living crisis, a new survey out today shows. The cost of groceries climbed 13.4 per cent over the year to [...]
UK private economy wilts amid high inflation and interest rates, CBI survey shows July 31, 2023 Britain’s private sector economy is being trapped by high inflation and elevated interest rates and companies fear growth will continue to contract, a new survey out today shows. Research by the lobby group the Confederation of British Industry (CBI) has found that activity across the private sector – which generates most output in the UK [...]
Topps Tiles reports record £263m sales as retailer shrugs off year of soaring inflation October 4, 2023 Topps Tiles reported a record year of sales this morning, outstripping pre-Covid figures as the group shrugged off continued inflationary pressure.
Sticky inflation and regulatory pressure push UK deals to lowest level since 2016 June 2, 2023 Deals in the UK have slumped to their lowest level since 2016 amid sticky inflation and regulatory pressure.
Inflation falls to 3.9 per cent as lower food and petrol prices ease pressure on Bank of England December 20, 2023 The data comes amid continuing debate about when the Bank of England will start cutting interest rates.
FTSE 100 today: London markets brace for quiet session ahead of US inflation data, Q1 earnings April 9, 2024 US stocks closed mixed, while Asian markets climbed. Oil prices rose, and most Asian currencies weakened against the dollar. Precious metals surged. Investors are now focusing on upcoming US inflation data and Federal Reserve minutes following a strong March jobs report.
Hunt rules out chunky tax cuts before the election as they’d ‘compromise’ inflation fight October 2, 2023 Chancellor Jeremy Hunt has argued that sizeable tax cuts this year would “compromise” the battle against inflation as colleagues piled on the pressure for a pre-election giveaway. The Cabinet minister said on Monday he and Rishi Sunak were prioritising the pledge to halve prices before carrying out tax cuts in any “substantial way”. As Tory [...]