Surging services demand boosts UK business activity rebound in March March 24, 2021 Surging services demand boosts UK business activity rebound in March
Return to pub trumps return to work for Brits in first week since Freedom Day July 27, 2021 Freedom Day’s easing of restrictions on 19 July sparked a return to drinking holes and restaurants for more Brits last week than it did a return to the office, according to new data tracking average footfall. Overall hospitality footfall in the UK now stands at 80 per cent of pre-Covid levels, and the lifting of [...]
Likewise Group shareholders set for bumper dividend as sales jump May 20, 2024 Shareholders in Likewise Group are set for a bumper payout after full-year sales hit £139.5m and the outlook for the UK flooring industry improved.
UK deal value skyrockets to £68bn as buyers pounce on bigger targets July 25, 2024 UK M&A value skyrocketed in the first half of 2024, rising by two thirds, despite the number of deals actually decreasing.
Wattbike: Brand used by Manchester United and British Army expects ‘further losses’ as sales plummet July 1, 2024 Static bike brand Wattbike said it anticipates making "further losses" as a slump in turnover resulted in a "disappointing" year for the company.
Quiz warns over ‘tough’ sales conditions as inflation weighs on shoppers July 5, 2023 Fashion chain Quiz has posted a jump in profits for the past year but cautioned over “tough” trading conditions in recent months as shoppers come under pressure from inflation. The womenswear business said it saw a “strong recovery” over the year to March but has seen sales slide more recently. Quiz recorded a 15 per [...]
US inflation: Consumer prices unexpectedly rise in November as Fed likely to hold rates December 12, 2023 Core prices, excluding volatile items like food and energy costs, also came in line with economists' expectations, rising four on an annual basis.
Marks & Spencer blames weak consumer confidence for drop in Christmas sales January 10, 2019 Sales slumped at Marks & Spencer over the key Christmas shopping period, the retailer said today, as analysts criticised its "outdated" business model for an over-reliance on high street shoppers. The figures Like-for-like UK sales fell by 2.2 per cent year on year in the three months to the end of December to hit £2.78bn. [...]
Post-Brexit payments space is ‘breeding ground for financial crime as Wild West culture’ looms, warns rising City star November 16, 2021 After the UK left the European Union, a range of payment providers reported so-called IBAN discrimination as a number of companies across Europe began to refuse Euro account bank details if they contained the country code ‘GB’. As a result of Brexit, sending a payment to Eurozone countries resulted in additional charges. Whilst the fee is [...]
Heineken’s biggest-ever price rises fail to stop slash in UK profit August 27, 2024 Heineken’s biggest-ever price rises in the UK failed to stop its profit being slashed during its latest financial year as it battled “economic volatility”. The Edinburgh-based division raised its prices in 2023 as it faced “significant inflationary pressure on input costs”, reducing consumer spending, higher labour costs and rising energy bills. According to newly-filed results, [...]