Plan B curbs deliver chilling blow to London business confidence January 12, 2022 The chilling impact on the UK economy inflicted by the reimposition of Covid-19 restrictions has whacked business optimism in London, reveals a new study released today. A sharp hit to consumer confidence from plan B measures to curb the spread of Omicron has weakened the trading environment for the capital’s businesses, leaving them sweating over [...]
Consumer confidence falls in both Eurozone and EU April 23, 2019 Consumer confidence in both the Eurozone and the European Union fell in April, in news that will cast further gloom on a region that has been struggling economically in 2019. Read more: Euro falls as weak Eurozone data triggers slowdown fears The European Commission’s monthly consumer confidence indicator dropped by 0.7 points in the euro [...]
Tesco chief: ‘The worst is yet to come’ as energy crisis set to push food prices higher February 7, 2022 Tesco chairman John Allan issued a stark warning on rising food prices yesterday, cautioning “the worst is yet to come” in the coming months. While the supermarket boss said it was troubling people were facing heating or eating, Allan said Tesco had also been hit with soaring energy costs. The average amount of household income [...]
Bank of England has undercooked inflation forecasts again, City economists warn February 7, 2022 The Bank of England has undercooked its forecasts for inflation again in a sign the cost of living squeeze will get worse before it gets better, reveals new estimates from City economists. Inflation will peak at 7.5 per cent in April, higher than the Bank’s expected peak of 7.25 per cent in its latest forecasts, [...]
Gatwick reduces pandemic losses following strong end to 2021 March 9, 2022 Gatwick has reported that despite ever-changing travel restrictions, the last few months of 2021 helped the airport reduce its annual losses by 25.6 per cent. In the year ended 31 December, the London hub shrank its pandemic-induced losses from £465.5m to £370.6m, while its EBITDA remained at a negative £26.3m because of the reduced passenger [...]
Soaring inflation and tax hikes to squeeze UK economy November 18, 2021 TAX hikes, soaring inflation and an end to pandemic-related government support is souring the UK economy’s prospects, according to City analysts. Brits’ spending power will be eroded by the intensifying cost of living crisis, restricting their ability to splash the cash and drive the economy, analysts at Deutsche Bank warned today. Inflation is accelerating at [...]
Strongest year-start since 2005: Brits fork out average of £255,556 on houses as prices soar February 1, 2022 Buyers are paying more than ever before for their homes with the average UK house costing 11.2 per cent more than it did last year.
End of Euro 2020 dampens retail sales in July August 20, 2021 UK retail sales fell sharply over the last month driven by the end of the Euro 2020 football tournament in July stemming Brits’ spending on food and drink, according to official figures released today. Data from the Office for National Statistics shows retail sales volumes dropped 2.5 per cent between June and July of this [...]
Profit falls steeply at Halfords in face of ‘fragile’ consumer confidence May 21, 2019 Halfords said profit before tax fell 24 per cent in 2019 to £51m. The figures The company said revenue remained broadly flat on £1.138bn, but profit fell sharply. It said underlying profit before tax fell 17.9 per cent to £58.8m, with underlying basic earnings per share down 17.2 per cent on 24.5p. Read more: Halfords share [...]
Sunak’s announces £30m boost for theatres and museums to buffer Omicron cancellations December 21, 2021 Rishi Sunak has announced this afternoon that there will be £1bn in support for businesses most impacted by Omicron across the UK, including £30m further funding through the Culture Recovery Fund to help support theatres and museums. The government will be allowing more cultural organisations in England to apply for support during the winter, and [...]