Man’s best friend: Brits put a premium on pets even as household spend slips April 29, 2021 Not even lockdown could put an end to the old adage ‘Dogs are a man’s best friend’. In the last three months spending on pets surged as Brits prioritised emotional connections. Nationwide’s latest quarterly spending report reveals the biggest increases in spending between January and March have been on dating sites, gardening and pet-related costs. [...]
Vitesse: London insurtech lands £73m funding round led by US private equity giant KKR May 21, 2024 London-based insurtech Vitesse has secured a new $93m (£73.2m) funding round to support its expansion in the US.
‘Dark clouds’ over London’s asset managers here to stay, analysts warn January 3, 2024 London’s beleaguered asset managers may be battling against lingering “dark clouds” in the coming years as investors shift their cash into so-called alternative assets and hunt for lower cost funds, analysts have warned.
Wagamama latest to go private in £700m Apollo deal October 12, 2023 Wagamama owner The Restaurant Group is set to become the latest London-listed firm to go private after receiving a bumper bid from private equity giant Apollo.
UK retail sales return to growth after lockdown exit roadmap announced March 9, 2021 UK retail sales returned to growth in February after the government revealed plans to ease the coronavirus lockdown measures. The Prime Minister set out the roadmap to exit lockdown on 22 February – with some plans reported in the preceding days – prompting shoppers to buy non-food items such as school uniforms and going out [...]
St Austell Brewery: Tribute beer maker hails record sales as profit rises June 10, 2024 St Austell Brewery, the maker of beers including Tribute and Proper Job, saw its sales rise to record levels during 2023 despite the increase in costs hitting the industry.
Bike crash: Halfords share price plummets as mild weather and consumer confidence hit profits January 10, 2019 Shares in Halford have dropped through the floor as the company said mild weather and weak consumer confidence were set to hit its bottom line. The bikes and car parts seller said it was reducing expected profit before tax of between £58m and £62m, far down from November estimates that profit would be broadly in [...]
‘Mixed picture’ for London firms as two thirds worry inflation will dampen progress January 24, 2024 Growing concern over the impact of higher interest rates and inflationary pressures came despite the fairly rapid drop in inflation seen at the end of 2023.
Govt should step back and let free markets drive pandemic recovery, says CPS February 24, 2021 Centre for Policy Studies report argues for less government intervention by spending less.
With wage growth set to fall, the Bank of England should cut rates in August July 16, 2024 Wage growth remains stubbornly high despite the rise in unemployment and fall in hiring. However, this is not a signal for the Bank to hold off on cutting interest rates, Chris Dorrell argues