UK e-commerce sector ranks third in the world July 22, 2021 The UK’s e-commerce sector ranks third globally when comparing sales to national GDP. According to BNPL platform Butter, The UK’s e-commerce retail sales total up to $180bn dollars, which equates to 6.7 per cent of the nation’s GDP of $2.7 trillion. The world’s biggest e-commerce retail market is China, which generated $2.3 trillion through online [...]
FTSE 100 today: London markets set to hold strong in bull rally ahead of UK jobs data May 13, 2024 Asian markets started cautiously, while China's CPI rose for the third month. Investors now await US inflation data and Walmart's earnings.
Return of lockdowns send Chinese shares tumbling March 15, 2022 The re-imposition of draconian lockdown measures in one of China’s main technology and manufacturing hubs to tame an outbreak in Covid-19 cases sent shares in Beijing and Hong Kong tumbling yesterday. China’s top index, the CSI 300, tumbled 4.57 per cent yesterday, taking total losses for the year to date close to 20 per cent. [...]
French Connection shares jump 15 per cent following takeover offer September 23, 2021 French Connection’s share price has surged after the ailing company announced it had received a generous takeover offer from a group of shareholders. The British retailer, made famous by its controversial FCUK logo, has struggled during the pandemic making an operating loss of £11.7m in 2020 after sluggish sales caused revenue to fall by 40.4 [...]
China economy whacked by Omicron curbs and stalling property sector January 17, 2022 China’s economy is growing at the slowest pace in a year and a half as the world’s second largest economy contends with a concoction of headwinds, revealed official figures released today. Gross domestic product (GDP) jumped four per cent over the three months to December compared to the same period last year, the National Bureau [...]
June retail sales drop drags average to 20-year low July 9, 2019 Declining retail sales in June dragged the yearly average down to the lowest level in more than 20 years as this summer’s weather failed to match the 2018 heatwave. Total sales decreased by 1.3 per cent in June, compared to a rise of 2.3 per cent in the same month last year, according to research [...]
Cazoo announces revenue boom as second-hand car demand soars October 26, 2021 Cazoo announces third-quarter success, as their offering resonates with second-hand buyers and a growing delivery culture. The used-car retailer report a growth in revenue up 267 per cent YoY, to £174.4m in Q3. Within this, retails revenues were up 207 per cent YoY, with a gross profit of £11.8m, up by £12.5m compared to Q3 [...]
Wednesday’s GDP figures will remind Brits of sunnier economic times October 12, 2021 The economic mood at the moment is not upbeat. Households are facing an acute cost of living crisis, businesses are warning of shortages at Christmas, inflation is likely to run hotter and for longer than the Bank of England initially expected. Doom and gloom. However, on Wednesday, positivity will be partly revived as the Office [...]
Rallying travel stocks lift London markets September 16, 2021 London’s FTSE 100 edged up today on a rally among travel stocks, helping to partly reverse yesterday’s poor performance. The capital’s premier index gained 0.16 per cent to hit 7,027.48 points, partly evening out losses registered on a choppy day on London markets yesterday. The likes of aerospace engineer Rolls Royce and British Airways parent [...]
Jeremy Hunt’s fiscal rules are holding back the UK economy – it’s time for change February 21, 2023 Bean counters are running the Treasury again. I’m imagining sheets of paper plastered with Jeremy Hunt’s current fiscal rules pinned up around Whitehall to remind departments of the belt-tightening needed to balance the books. Fiscal rules are targets Chancellors have aimed to meet since George Osborne pivoted away from Gordon Brown’s “Golden Rules” in 2010 [...]