Dr Martens reports further drop in sales for Q3
Dr Martens has reported Q3 revenue down by a fifth, driven by weak sales in the US market. Group revenue for the three months to 31 December 2023 totalled £267.1m,…
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Hidden charges and fake reviews to be banned
Mandatory hidden fees for online purchases will be banned under new rules proposed by the UK government. Unavoidable booking charges for things like train or cinema tickets are often only…
Premier Foods reports strong growth in festive sales
Premier Foods has reported its best-ever Christmas performance, with good sales across its grocery brands. In a trading update for its third quarter, the food manufacturer said that group sales…
Critical financial distress among UK firms up by a quarter
More than 47,000 firms have started 2024 on the edge of collapse, according to a new report. Data compiled by accountancy firm Begbies Traynor revealed that 47,477 UK businesses were…
Sharp fall in December retail sales
UK retail sales fell by an estimated 3.2% in December 2023, from a rise of 1.4% in November. It's the biggest monthly fall since January 2021, when sales were affected…
Surprise increase in inflation for December
UK inflation rose again in December 2023, according to the latest data from the Office for National Statistics (ONS). The consumer prices index (CPI) measure of inflation stood at 4%…
New strike dates announced by train drivers’ union
Further strikes have been announced on UK rail services as part of a long-running pay dispute with 16 train companies. Train drivers' union ASLEF said that stoppages will run from…
Key Acquisitions in the Financial Sector in 2024
The financial sector is witnessing a wave of consolidations as firms continue to acquire others at a rapid pace in 2024.Fairstone has expanded its reach by acquiring Forbes Lawson Wealth…
Next upgrades full-year profit forecast
Next has raised its profit guidance for the full year after a good performance over the Christmas period. Profit before tax for the 12 months to 27 January 2024 is…
Record Christmas sales for supermarkets
UK supermarkets have seen their busiest Christmas period since before the pandemic, according to new figures. The latest monthly report from industry analyst Kantar shows that consumers made 488 million…
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