Fewer vacant shops on British high streets
There was a drop in the number of shops lying vacant across Britain at the end of 2022, new figures show. The improvement came despite high inflation putting pressure on…
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easyJet raises profit outlook as bookings rise
Budget airline easyJet has improved its first quarter performance by £80m after a 47% jump in passenger numbers at the end of 2022. In a trading update for the three…
Insolvencies expected to rise as thousands of firms struggle
Thousands of businesses in the UK are at risk of collapse, according to insolvency firm Begbies Traynor. The number of companies rated as being in "critical financial distress" in the…
Fuller’s pub chain blames rail strikes for £4m sales hit
UK pub and hotel group Fuller, Smith & Turner plc (“Fuller’s”) has warned that its earnings for the full year will be below market expectations due to the impact of…
Retail sales fall as shoppers curb Christmas spending
Shop sales in December fell for the second consecutive month, new figures show. Retail sales volumes are estimated to have fallen by 1% from the month before, following a drop…
Premier Foods reports strong festive sales
UK-based food manufacturer Premier Foods plc has reported a strong performance in the final three months of 2022 and said it is on course to hit targets for the full…
Pay growth still failing to keep up with inflation
Workers in the UK have seen their pay increase at the fastest rate in more than 20 years, but wages in real terms are still failing to keep up with…
London economy proving resilient
London is outperforming the wider UK economy and could avoid a recession, a new report suggests. An index of business output in London compiled by NatWest climbed to 50.2 in…
Sainsbury’s reports record Christmas
Sainsbury's has reported a record performance over Christmas, with sales up 7.1% despite the pressure on household budgets. For the supermarket group's third quarter as a whole, sales grew by…
Consumer spending fails to keep pace with inflation
Retail sales volumes fell in the crucial Christmas period, according to the latest monthly retail sales monitor from the British Retail Consortium (BRC) and KPMG. In the five weeks from…
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