Lack of lending hurting retailers September 27, 2012 The lack of mortgage lending to first time buyers is not only hurting the housing market, but also retailers selling tools, homewares, and furniture, data revealed today. Boosting lending would have a knock-on effect on these markets, the data released jointly by Genworth, the British Retail Consortium and KPMG showed. “A lack of lending leads [...]
Lack of lending hurting retailers September 27, 2012 The lack of mortgage lending to first time buyers is not only hurting the housing market, but also retailers selling tools, homewares, and furniture, data revealed today. Boosting lending would have a knock-on effect on these markets, the data released jointly by Genworth, the British Retail Consortium and KPMG showed. “A lack of lending leads [...]
Primark’s Union Jack sales boost profits at Associated British Food November 6, 2012 ASSOCIATED British Food’s chief executive has said customers snapping up Primark’s Union Jack themed merchandise during the Olympics and the Diamond Jubilee helped spur a 17 per cent rise in group full-year profit. George Weston said the discount fashion chain sold more than 7.5m items stamped with the flag as Brits and overseas visitors bought [...]
Primark’s Union Jack sales boost profits at Associated British Food November 6, 2012 ASSOCIATED British Food’s chief executive has said customers snapping up Primark’s Union Jack themed merchandise during the Olympics and the Diamond Jubilee helped spur a 17 per cent rise in group full-year profit. George Weston said the discount fashion chain sold more than 7.5m items stamped with the flag as Brits and overseas visitors bought [...]
High street hit by most empty lots ever seen November 18, 2012 THE number of empty shops in the UK rose to an all-time high in October, data revealed this morning, as shoppers deserted the high street. Town centre vacancies made up 11.3 per cent of properties during last month, the data from the British Retail Consortium (BRC) and Springboard showed – the highest fraction on record. [...]
High street hit by most empty lots ever seen November 18, 2012 THE number of empty shops in the UK rose to an all-time high in October, data revealed this morning, as shoppers deserted the high street. Town centre vacancies made up 11.3 per cent of properties during last month, the data from the British Retail Consortium (BRC) and Springboard showed – the highest fraction on record. [...]
Shops tell Osborne to lift sector by going easy on new tax hikes November 12, 2012 RETAILERS yesterday sent a list of demands to George Osborne ahead of the chancellor’s Autumn Statement next month, calling for measures to save the struggling sector. Osborne should freeze business rates, scrap the delayed plans to increase fuel duty, and ensure that the minimum wage does not rise at a rate that “does not exceed [...]
Businesses question Heseltine growth report October 31, 2012 BUSINESS leaders yesterday continued to digest Lord Heseltine’s government-commissioned report on economic growth, amid concerns that it advocates a return to the state picking winners. Although the former Deputy Prime Minister’s calls for a coherent economic growth policy were broadly welcomed, there were concerns about some details such as a desire to put more restrictions [...]
UK’s highest earners face sixth highest tax burden in the world November 4, 2012 THE UK’S highest earners are being clobbered with the sixth highest overall tax burden in the world, data showed today, dampening the incentives to work and invest in the UK. UK citizens earning the equivalent of $1.5m (£936,900) in a year take home just $749,600 after taxes and social security contributions, the report from UHY [...]
UK retail sales bounced back in September October 8, 2012 BRITISH shops received a boost last month as retail sales sprung back to life after a miserable summer on the high street. Like-for-like sales shot up 1.5 per cent in September compared to the same time last year, the British Retail Consortium (BRC) said this morning – the strongest increase so far in 2012. And [...]