Cutting wages is a short-sighted solution to hospitality’s woes January 17, 2024 The hospitality sector is under pressure, but foregoing fair pay is not a long-term solution, writes Andrea Rasca.
House prices grow for tenth month in a row, but market continues to cool June 1, 2022 House prices have growth for the tenth month in a row, according to the latest figures, though costs are continuing to slow in their steamroll. The average price of a home in the UK grew 11.2 per cent to £269,914 in May, slowing slightly from the more than 12 per cent growth reported in April, [...]
Harlequins’ Big Game in doubt over train strikes December 14, 2022 Premiership rugby club Harlequins’ showpiece annual game, Big Game, has been thrown into doubt over rail strikes on 27 December. In an alleged email seen by City A.M. and posted into a fan forum, fans were told that the club had taken the “extremely difficult decision to postpone the Big Game 14 fixture at Twickenham”. [...]
Ocado: Marks and Spencer-linked grocer is fastest-growing for third straight month May 21, 2024 Ocado has maintained its position as the fastest growing supermarket for the third month in a row, as efforts to cut prices continue to pay off.
Hapag-Lloyd forecasts small increase in shipping demand towards year’s end December 13, 2022 Shipping giant Hapag-Lloyd has forecast a small and short-lived uptick in demand towards the year’s end. The world’s fifth-largest shipping company saw a decline in demand in September and October as the cost-of-living crisis weakened consumers’ appetite. “I don’t think the market is as weak as it was four or eight weeks ago,” chief executive [...]
Pound Sterling tumbles to 37-year low against US Dollar after poor UK retail sales figures September 16, 2022 Pound Sterling tumbled to a 37-year low against the dollar this morning, pushed further down by disappointing retail sales figures. It plummeted to by more than one per cent to 1.1351, its lowest against the dollar since 1985, while continuing its 17-month poor run against the Euro also. The Euro rose to 87.66 pence, its [...]
Online shopping sales slump to lowest levels since before pandemic June 9, 2023 The cost of living crisis has hindered the online shopping sales boom with digital sales falling to their lowest levels since before the pandemic. The number of online sales fell by 3.3 per cent during May as punters, under the cosh, have had to cut down on the number of goods they buy from digital [...]
S&U: Motor finance lender urges Labour to change ‘restrictive’ regulation after profit warning August 12, 2024 Specialist lender S&U has urged the new Labour government to change the UK's "restrictive and constantly changing" regulatory regime after warning that actions by the City watchdog would have a "significant impact" on its motor finance business' profits.
Card spending jumps in 2023 as Brits splash out on travel and booze December 29, 2023 Debit and credit card spending jumped this year despite inflation and higher household bills, as Brits forked out on holidays and booze.
UK must prioritise financial inclusion over the City’s competitiveness, says former FCA chair July 11, 2023 The UK “can’t go on” prioritising the competitiveness of the City over the financial access of millions of vulnerable people during a cost of living crunch, the former chair of the Financial Conduct Authority has warned.