Grocery price rises continue to slow down
Grocery price inflation in the UK has now been falling for four months in a row, the latest analysis shows. In its monthly report, industry analyst Kantar said that grocery…
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ITV no longer exploring All3Media bid
ITV plc has withdrawn from a possible acquisition of All3Media. The broadcaster said on Friday that continued to monitor the situation but was "no longer actively exploring" an offer for…
Pay growth at record high
Average wages for UK employees grew by 7.3% in March to May compared with the same period a year earlier, equalling the highest level on record. Total pay (including bonuses)…
House prices drop for third month in a row
UK house prices declined for the third consecutive month in June, according to the latest monthly report from the Halifax. A typical property now costs £285,932. This is down by…
Food inflation is starting to fall, says Sainsbury’s
Food prices in the UK are rising at a slower pace, according to Sainsbury's. The most recent official figures showed that food inflation remained very high at 18.3%. But some…
Drivers paid higher fuel prices due to weak competition, CMA finds
Motorists paid an extra 6p per litre for fuel at supermarkets last year because of weaker competition, according to a report by the competition watchdog. In a year-long investigation into…
Energy, water and telecoms regulators agree action plan in areas where consumers need most support
The UK's energy, water and telecoms regulators have agreed a new action plan to ensure consumers are being treated fairly amid the cost of living crisis. With wholesale energy prices…
Boots to close 300 UK stores
Boots is planning to close 300 of its branches across the UK over the next 12 months. The health and beauty retailer said that it aims to "consolidate" stores in…
Banks ‘too slow’ to pass on higher interest rates to savers
Banks and building societies in the UK are "taking too long" to apply rising interest rates to savings accounts, according to the chancellor. Speaking in the House of Commons, Jeremy…
May retail sales stronger than expected
Retail sales last month were boosted by sales of summer clothes and other items for enjoying the warm weather, new figures show. Sales volumes grew by 0.3% in May, the…
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