London rents surge to record high of more than £2,500 as experts warn of no let up in sight April 28, 2023 London rents have surged to their highest level on record and experts have warned there is little sign of the capital’s housing market improving any time soon, fresh figures out today reveal. The cost per month of renting a property in London climbed 14 per cent over the last year to £2,501, according to search [...]
Ocado: Are price cuts and M&S magic enough to help shares recover? January 14, 2024 Ocado will update investors on its fourth quarter trading on Tuesday, to see if a barrage of price cuts has managed to win over more customers amid the cost of living crisis. The supermarket technology business, which owns an online grocery venture with Marks and Spencer, enjoyed big wins during the pandemic but has struggled [...]
Swapping printing for press ups: Times publishing boss joins Gym Group as CEO in cost cutting bid May 3, 2023 The Gym Group has announced that seasoned business leader and publishing boss Will Orr has taken on the role of chief executive. The budget exercise chain drafted in the pricing pro to keep costs attractive amid the cost of living crisis. In his new role at the Gym Group, Orr will be leaving the world [...]
‘Blatantly unfair’: Supermarkets still jacking up petrol prices, minister warned May 16, 2024 Supermarket retailers in the UK are still jacking up prices at the pumps despite months passing since the government pledged to intervene.
Tesco: Bumper Christmas sales will put shares in the spotlight this morning January 12, 2023 TESCO enjoyed a bumper Christmas period, it told markets this morning, with like-for-like sales up nearly 8 per cent despite bruising economic headwinds. The supermarket told markets this morning it had seen customers switching to Tesco across December. The boost meant revenues hit a cool £19.7bn in the UK and Ireland for the quarter to [...]
Former Dragons’ Den star Theo Paphitis targets first Boux Avenue profits May 15, 2024 Former Dragons' Den star Theo Paphitis is targeting a first ever profit for his lingerie stores chain Boux Avenue despite its losses widening.
Craft breweries battered by soaring operational costs June 5, 2023 Soaring operational costs and a greater competition between brands have battered the UK’s brewery industry with the number of beer factories going under tripling over the past year. The number of breweries which have become insolvent has risen from 15 to 45 over the last year, new figures out from audit, tax and advisory firm [...]
Halfords snubs £1.4bn tie up with van hire firm which ‘undervalues’ it November 20, 2023 Halfords has reportedly snubbed a £1.4bn merger offer with van hire firm Redde Northgate as it “undervalues” the motor and cycling group. However, a potential deal may not be completely off the cards, a source told The Telegraph: “There were discussions about what an integration of the two businesses might look like, but there were [...]
Dunelm revenues reach £1.63bn as price cuts lure customers in July 20, 2023 Dunelm reported a revenue rise of six per cent over the past year, with the homeware retailer predicting profits to be “slightly ahead” of current market expectations. The Leicester born business said revenues reached £1.63bn in the 52 weeks to July up from £1.55bn in the same period last year. Sales growth declined -8.3 per [...]
Chapel Down: Record harvest helps UK’s biggest winemaker fizz to the top April 16, 2024 Chapel Down has reported record company sales for the year ended 31st December following a strong harvest.