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…
Despite a downturn in April due to inclement weather, May saw a notable recovery in retail sales.Sales volumes increased across most sectors, with clothing retailers experiencing…
The GFK Consumer Confidence Index saw a rise in June, marking the third consecutive monthly increase.Consumer confidence increased by three points but remains negative at -14…
Workers at GXO’s Feltham site in West London are escalating strike plans in a dispute over low pay, affecting food and beverage distribution.The planned strike by…
