Business NEWS

UK faces worst income squeeze for 60 years

With the UK continuing to make slow progress in recovering from the financial crisis, household incomes will not grow at all for the next two years, according to a report published on Thursday. … Continue reading “UK faces worst income squeeze for 60 years”


CBI survey shows rebound in UK retail sales

UK retail sales rebounded slightly in the year to February and are expected to continue growing, according to survey results released last week. The CBI’s latest quarterly Distributive Trades Survey involved 128 firms, … Continue reading “CBI survey shows rebound in UK retail sales”


UK economic growth in Q4 higher than previously thought but business investment falls

The UK economy grew by more by more than previously reported in the final quarter of 2016, but figures also reveal a decline in business investment. New estimates released on Wednesday by the … Continue reading “UK economic growth in Q4 higher than previously thought but business investment falls”


UK retail sales fall in January

Rising prices for fuel and food are thought to be behind a fall in UK retail sales in January, the Office for National Statistics (ONS) said on Friday. Official figures show that the … Continue reading “UK retail sales fall in January”


More than 350 UK firms ‘named and shamed’ over low pay

Hundreds of companies in the UK have been paying staff below the national minimum wage or the national living wage, the UK Government revealed on Wednesday. Debenhams, Subway, Lloyds Pharmacy and the Co-op … Continue reading “More than 350 UK firms ‘named and shamed’ over low pay”


Aldi becomes fifth largest supermarket in the UK

Discount supermarket Aldi has continued its impressive growth and is now the UK’s fifth largest supermarket, according to the latest grocery market share figures from Kantar Worldpanel, published on Tuesday. The German-owned chain … Continue reading “Aldi becomes fifth largest supermarket in the UK”


Survey shows rise in UK consumer confidence

UK consumer confidence rose in January but remained in negative territory, market research firm GfK said on Tuesday. The monthly consumer confidence index showed a reading of -5 in the first month of … Continue reading “Survey shows rise in UK consumer confidence”


Tesco announces plans to acquire wholesaler Booker

The UK’s biggest supermarket group, Tesco, revealed on Friday that it has agreed to buy the country’s biggest food wholesaler, Booker Group, in a deal valued at £3.7bn. As well as its wholesale … Continue reading “Tesco announces plans to acquire wholesaler Booker”


BT shares drop after cost of Italian accounting scandal is revealed

Shares in BT fell nearly 20% on Tuesday after the company revealed the cost of mismanagement at its Italian division. BT announced in October 2016 that it had discovered “inappropriate behaviour” at the … Continue reading “BT shares drop after cost of Italian accounting scandal is revealed”


UK retail sales decline in December

Seasonally adjusted figures released on Friday show that UK retail sales fell from November to December. According to the Office for National Statistics (ONS), the quantity bought in retail sales increased by 4.3% … Continue reading “UK retail sales decline in December”


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