Record rise in eurozone interest rates
The European Central Bank has announced a record rise in interest rates across the eurozone in a bid to combat soaring inflation. Prices are climbing across the continent, and in…
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Primark’s profit margin impacted by weak pound
Primark expects its profit margin to fall next year after a strengthening US dollar raised its purchasing costs. The fashion chain also cited inflation in raw material and energy costs…
Boots launches value range with prices from 50p
Boots has announced a new budget range amid the UK's cost-of-living crisis. The own-label range of health and beauty essentials includes shampoo, shower gel, toothpaste and period products at prices…
New banking hubs announced to provide access to counter services
More shared "banking hubs" have been announced for 13 communities across the UK that have been hit by branch and ATM closures. It comes after trial hubs -- run by…
Warning of ‘deep squeeze’ in living standards as real household incomes fall
Real household disposable incomes are on course to fall by 10% over the next two years, according to a new report. This equates to £3,000 for a typical household, representing…
Co-op sells petrol stations to Asda for £600m
The Co-op has agreed to sell its petrol forecourt business to Asda for £600m. The deal includes 129 petrol filling stations with attached convenience stores across the UK, representing 5%…
Pubs and brewers face closure as energy bills soar
Pub and brewing businesses across the UK are at risk of closure in the coming months because of "out of control" energy bills, the industry has warned. Bills have increased…
Record pay slump for UK workers
Wage rises for UK employees are still being outpaced by the rising cost of living, according the latest data. Regular pay, excluding bonuses, rose by 4.7% between April and June,…
PwC widens entry criteria for graduates
PwC is removing the requirement for new recruits to have a first or 2:1 degree. The professional services giant, one of the UK's largest graduate employers, said it wanted to…
July heatwave boosted retail sales
UK retail sales rose in July after three consecutive months of decline. The growth was driven by inflation, with shop prices significantly higher than they were a year ago. Figures…
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