Caffyns: Car dealer hit by plummeting value of second-hand vehicles June 7, 2024 Car dealers Caffyns has seen its pre-tax profit slashed after the value of second-hand vehicles fell significantly.
Carpetright: Rival Tapi rescues brand out of administration as 1,500 jobs lost July 23, 2024 Carpetright has been rescued out of administration but more than 1,500 jobs have been lost, it has been confirmed.
Energy bills to rise further to help suppliers pay off bad debts December 15, 2023 Ofgem said it is proposing a one-off price cap adjustment of £16, equivalent to around £1.33 a month, to be paid between April 2024 and March 2025.
Financial distress soars in ‘extremely testing’ UK business environment July 22, 2024 Although consumer facing firms were hit the worst, levels of distress increased across 20 of the 22 sectors covered in the Red Flag Alert.
Currys and AO World to shed light on consumer demand for home upgrades June 21, 2024 Investors will get a glimpse into whether consumers are loosening their budgets and upgrading their homes when AO World and Currys report on their yearly profits.
Train strikes, bad weather, hotel fire and ‘significant cost increases’ hit Brighton Pier operator May 8, 2024 Inflationary pressures led to “significant cost increases” particularly in food, drinks, wages and insurance, the company said.
Asda chairman says supermarkets owed ‘debt of gratitude’ as he snubs profiteering claims September 5, 2023 Asda’s chairman said supermarkets are owed a “great debt of gratitude” as he rebuffed claims that the grocer is profiteering from rising petrol and food prices amid the cost of living crisis. Speaking to LBC, Stuart Rose said that all retailers have seen their profits over the last year go “backwards”. “If you look at [...]
UK unemployment ticks up but wage growth hits two-decade-high August 15, 2023 The rate of UK unemployment rose to 4.2 per cent in the three months to June from 3.9 per cent in the previous three months, the Office for National Statistics said. However, this was tempered by annual growth in pay – excluding bonuses – up to 7.8 per cent in June. This is the highest [...]
Brits splash cash at the weekend as number of high street shoppers up 6.8 per cent – but it’s STILL below pre-Covid levels April 7, 2023 Weekend shoppers have driven a rise in high street customers, but numbers remain below pre-pandemic levels according to a UK retail group. The total number of shoppers rose by 6.8 per cent in March, according to the latest data from the British Retail Consortium (BRC). Weekends saw a 9.7 per cent rise on the previous [...]
UK economy: Survey suggests growth is slowing ahead of July general election May 23, 2024 The performance of the UK economy is likely to be central to the election campaign.