In a surprising turn of events, Mondelēz UK’s profits dropped dramatically in 2023, despite a notable increase in sales.The confectionery giant saw a 33% decrease in…
As the UK government prepares to unveil its “painful” October budget, businesses and individuals face anticipated financial difficulties.Employers are being strongly advised to prioritise financial wellbeing,…
Lakeland, the kitchenware retailer, is grappling with intensified financial difficulties as it navigates through highly volatile economic terrain. The organisation’s annual financial report reveals a significant…
Lakeland, a kitchenware retailer, has reported widening losses amid significant economic challenges.The company experienced an increase in pre-tax losses from over £1.1 million to nearly £2…
Canon’s UK arm reports a significant rise in sales, yet remains unprofitable.The company cut its pre-tax loss from £7.3m to £5.1m in 2023.Turnover rose impressively from…
Sainsbury’s CEO, Simon Roberts, highlights the ongoing cost-of-living crisis impacting UK consumer confidence.Roberts believes that strong consumer spending will not resume until the Labour government clarifies…
UK households see improved spending power as inflation rates fall.Disposable income increased by 12% year-on-year in August.Average disposable income reached £247 per week, the highest since…
The cost-of-living crisis significantly affects the mental health of UK workers.A recent survey reveals increased financial strain among full-time and part-time workers.More women report worsening financial…
Amidst ongoing financial uncertainties, parents face the annual challenge of back-to-school shopping. However, some relief is offered as several major retailers have decided to freeze the…
