Covid unlocking fuels sales growth at Ten Entertainment July 7, 2021 Robust consumer spending and the release of pent-up demand after the lifting of Covid restrictions fuelled sales growth at bowling and family entertainment provider Ten Entertainment. Total sales growth since reopening on 17 May has been robust, up 27.4 per cent compared to the same period in 2019 – before the pandemic. Read more: Consumer [...]
US consumer confidence falls as worries about the economy mount March 26, 2019 US consumer confidence declined in March following an increase in February, the latest data has shown, as Americans raise concerns about the economy The widely-watched consumer confidence index, released today by US business research group The Conference Board, now stands at 124.1, down from 131.4 in February. Read more: Fed slows balance sheet reduction and holds [...]
FCA boss: Watchdog’s mindset ‘is changing’ on financial advice September 24, 2024 The Financial Conduct Authority (FCA) has said its “mindset is changing” as it attempts to make financial advice more accessible to consumers. The watchdog is aiming to shift the way it regulates to take a “more outcomes-based approach”, said Sarah Pritchard, executive director of markets and international at the FCA, in a speech today. With [...]
Shop prices drop as retailers compete for consumers’ pounds July 28, 2021 Prices for products in shops dipped over the last year driven by strong competition between retailers to attract consumers, according to new figures released today. The British Retail Consortium and NielsenIQ’s latest shop price index shows prices in shops fell 1.2 per cent annually in July. Read more: UK inflation hits 2.5 per cent in [...]
London restaurants warned of meat and seafood shortages this autumn August 5, 2021 Rrestaurants and gastropubs in London and the rest of the UK have been warned of potential shortages of key menu items alongside a spike in inflation this autumn. Buying specialist Lynx Purchasing said hospitality businesses would face “significant and widespread” challenges with higher prices and food shortages for the rest of the year, including supply [...]
Recession dials flash red on UK economic dashboard May 11, 2022 The dials are flashing red on the dashboard of the health of the British economy. Just a few months ago, UK growth prospects were reasonably good. The Covid-19 bounce back was set to continue this year, building on the country notching the biggest expansion in the G7 in 2021 (albeit due to the UK suffering [...]
Euro 2020 and ‘Freedom Day’ lift consumer spending above pre-Covid levels August 10, 2021 Euro 2020, the Tokyo 2020 Olympics and “Freedom Day” provided the perfect storm to lift consumer spending above pre-Covid levels, new figures released today reveal. Data from Barclaycard shows consumer spending was 11.6 per cent higher than in the same period in 2019, before the onset of the Covid crisis. Consumers rushed to pubs to [...]
Trustpilot swings to profit as monthly users soar March 19, 2024 Trustpilot has turned a profit of $7m (£6m) in its full financial year, swinging back from losses of $15m (£12.8m) in 2022.
UK jobs market recovery accelerates on better than expected consumer spending August 2, 2021 The UK jobs market recovery is accelerating as a stronger than expected rebound in consumer spending is encouraging firms to take on staff, according to new figures released today. Research published by Lloyds Bank shows the proportion of UK businesses expecting to ramp up hiring rose to 18 per cent, a sixth consecutive monthly increase [...]
Heathrow passenger numbers begin to rise as restrictions ease August 11, 2021 The most passengers travelled through Heathrow in a single month since the beginning of the pandemic in July, the UK’s largest airport said today. In total, 1.5m passengers used the airport in July, up 74 per cent on last year. It said that the easing of travel restrictions was beginning to improve consumer confidence after [...]