London house prices fall 3.8 per cent in third quarter in ‘subdued’ market October 2, 2023 The cost of a home in London has fallen annually by 3.8 per cent in the three months to September, narrowing from a 4.3 per cent fall in the previous quarter, as the housing market shows signs of remaining fairly subdued despite cooling inflation. According to Nationwide’s latest report on the market, house prices were [...]
Victoria Plum sold in pre-pack administration deal to owner of Beds.co.uk October 1, 2023 The owner of Beds.co.uk and furniture seller Cox & Cox has reportedly snapped up Victoria Plum, one of the UKs biggest online bathroom retailers.
Will thousands of price cuts be enough to help Tesco win big amid cost of living crisis? October 1, 2023 Investors will turn their focus to ‘Big Four’ grocer Tesco’s half year results on Wednesday to see if the company’s consistent slew of price cuts has continued to help it win big with customers amid the cost of living crisis. The supermarket behemoth has weathered the economic storm well, with its market share ticking up [...]
Retailers demand urgent action from government as crime soars October 1, 2023 Dozens of UK retailers have written to Suella Braverman demanding urgent action over the soaring number of crimes made in stores. Some 86 retail leaders, including the bosses of Marks & Spencer and Sainsbury’s, have signed a letter to the home secretary demanding the government clamp down on rising levels of theft and abuse towards [...]
Calls made to reinstate minister for pubs as sector faces closure fears September 29, 2023 Fresh calls have been made for the reinstatement of minister for pubs role in the UK, amid a challenging period for the sector as it continues to face inflationary headwinds and rising closures. It comes as part of a new report by think tank Localise – commissioned by the British Beer and Hospitality Association (BPPA) [...]
Pepco: British Poundland veteran parachuted in to save struggling European wing September 28, 2023 A retail veteran, who was instrumental in driving UK growth for budget outlet Poundland, has been reshuffled by Pepco to head up its struggling European division. The move comes as the arm posted its second profit warning in three weeks. Barry Williams, who served as managing director of Poundland and Dealz, in the UK and [...]
London tenants rattled by shock order to tear down Greenwich tower blocks September 28, 2023 A shock order from Greenwich Council to demolish two recently built residential towers because they did not have accurate planning permission has rattled the tenants currently living there. On Monday, borough officials announced that the Mast Quay Phase II development, constructed by Comer Homes last year, should be torn down as the finished building looked [...]
Shepherd Neame: Pub chain posts record revenues as inflation woes start to cool September 27, 2023 Britain's oldest brewer Shepherd Neame is toasting record high first-half revenue as inflationary challenges begin to ease.
London sees 24 per cent drop in first-time buyers as high mortgage rates bite September 27, 2023 London experienced a 24 per cent decline in the number of first-time buyers entering the market in the last year as high mortgage rates crush home-ownership dreams.
Card Factory: Profits leap 72.7 per cent amid ‘challenging’ climate before Christmas September 26, 2023 Card Factory has reported a 72.7 per cent leap in profit before tax to the end of July, as the occasion market showed signs of strength despite the cost of living crisis. The seller of personalised celebration cards and gifts said revenues also grew 11.5 per cent to £220.8m as the company’s affordable products appealed [...]