Further drop in food inflation in December
Food price inflation continued to ease in December, new figures show. The latest monthly Shop Price Index from the British Retail Consortium (BRC) and Nielsen IQ reveals that food inflation…
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Bigger than expected drop in inflation
UK inflation is continuing to slow down, with prices rising by 3.9% in the 12 months to November, down from 4.6% in October. The decrease was steeper than had been…
Hollywood Bowl reports record revenue after strong customer demand
Ten-pin bowling operator Hollywood Bowl has reported a continued strong performance despite the ongoing squeeze on household finances. Revenue for the year ended 30 September 2023 increased by 16.2% to…
Hybrid working is here to stay, survey finds
Only one in four companies expect their employees to be working in the office full time over the next five years, according to new research. The British Chambers of Commerce…
No change in interest rates at 5.25%
The Bank of England has held interest rates at 5.25% for the third time in a row. At its latest meeting, the Monetary Policy Committee voted by 6-3 to maintain…
Mortgage lending predicted to fall in 2024
Lending for house purchases is expected to fall by 8% next year, according to a new report. UK Finance, the trade association for the UK banking and financial services sector,…
Bloomsbury sees full-year profit ‘materially ahead’ of expectations
Book publisher Bloomsbury has released a positive update on its trading for the financial year ending 29 February 2024. The company said on Thursday that revenue for the year is…
December set for record £13bn grocery spend
UK grocery spending grew by 6.3% to reach £11.7bn in November, and is forecast to hit £13bn for the first time ever in December. Prices for food and drink are…
Spotify to cut 1,500 jobs
Spotify is to cut about 17% of its global workforce, the music-streaming giant announced on Monday. It comes despite the company reporting a profit of €65m (£55.7m) for the three…
Further signs of recovery in UK house prices
House prices rose in November for the third month in a row, but are still lower than a year ago. The latest House Price Index from Nationwide shows that average…
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