Explainer: UK house prices and their swift fall March 31, 2023 House prices in the UK have fallen at their fastest yearly pace since 2009. The price of an average property fell 3.1 per cent from a year ago, according to the Nationwide Building Society. The average house price in March was £257,122. The figures show prices falling also on a monthly basis, for the seventh [...]
UK payment firms warn new fraud refund rules could ‘freeze’ systems in October June 26, 2024 The UK’s payments watchdog is under growing pressure from the firms it regulates to rethink new fraud refund rules that industry chiefs say could wreak havoc for both companies and consumers.
Trafford Centre: Profit slashed despite revenue nearing £100m at Manchester shopping icon July 24, 2024 The company behind Manchester's Trafford Centre has seen its profit more than halve despite its revenue soaring to almost £100m, according to newly-filed documents.
UK inflation poised to slip out of the double digits for first time since last summer April 16, 2023 UK inflation is poised to slip out of the double digits for the first time since last summer in what could be the beginning of the cost of living crisis gradually releasing its grip on families over the rest of the year. Official figures from the Office for National Statistics (ONS) on Wednesday are expected [...]
Super Bowl, Premier League and Six Nations: London’s pubs ready for a very big weekend February 9, 2024 Super Bowl, Premier League and Six Nations: London's pubs ready for a very big weekend
Hospitality braces for £100m in lost sales ahead of biggest day of strikes in over a decade January 30, 2023 Retail and hospitality figures have described strike action set to take place on Wednesday as “damaging” to the sector and “entirely avoidable”. Kate Nicholls, chief executive of UKHospitality told City A.M. she estimates union strikes this week will set the sector back a further £100m in lost sales, with “much of that impact being felt [...]
Out-of-date laws, siloed systems and anti-data rules: what to scrap to boost fintech August 12, 2022 Europe could catch up to Britain’s fintech success if we don’t allow our system to keep pace.
Asos’ UK sales slip as analysts warn firm has a “mountain to climb” January 12, 2023 Pandemic darling Asos reported a further decline in UK sales this morning, with the fast fashion flagship’s boss insisting the firm was making good progress on a turnaround plan. UK sales slipped eight per cent year on year in the four months into December 31, with the firm blaming “weak consumer sentiment.” Fast fashion firms, [...]
Arm maintaining its lofty US valuation will be indicator for London IPO revival September 15, 2023 Shares in Softbank’s Arm have taken flight, surging nearly 25 per cent above their Nasdaq debut price, marking a triumphant return to the public markets after a seven-year hiatus for the chip designer. A loud reception has bolstered market experts’ optimism for beleaguered IPOs, which has faced substantial headaches in recent years, such as rising [...]
Tesco hit by inflation and supermarket war with Aldi and Lidl as profit down almost seven per cent April 13, 2023 Tesco, Britain’s biggest supermarket, was hit hard by consumers tightening their belts during the cost of living crisis, as it reported its operating profit was down almost seven per cent on last year. The London-listed chain said its profit was £2,6bn for the year to the end of February which was down 6.9 per cent [...]