Browsing: inflationary pressures News
McDonald’s UK has experienced a significant drop in pre-tax profits while nearing a £2bn turnover milestone.The pre-tax profit for 2023 is reported at £66.3m, a stark…
Hobbycraft has announced a substantial drop in profits, plunging by 80% for the fiscal year ending February 2024, attributed mainly to inflationary pressures and unexpected costs.Despite…
Hobbycraft has experienced a significant 80% decline in profit for the year ending 18 February 2024, despite an increase in revenue.The arts and crafts retailer cites…
PepsiCo has revised its annual sales growth expectations as consumers increasingly opt for cost-effective alternatives amidst financial pressures.The multinational company had initially predicted a 4% rise…
Card Factory’s recent financial report highlights a significant drop in profits despite an increase in sales, attributed largely to rising operational costs.The card retailer reported a…
The UK construction sector grapples with significant procurement challenges stemming from international and domestic issues.Brexit has introduced complex customs requirements, leading to a reluctance among suppliers…
In a challenging financial climate, Renaker Build has faced a notable reduction in its pre-tax profit, attributed to the pressures of inflation.The Manchester-based contractor reported a…
Graham has demonstrated financial resilience amid challenging economic conditions, celebrating a year of stable revenue and strategic growth.Despite inflation and regulatory pressures, Graham reported a turnover…
June 2024 saw a continued increase in construction activity although at a reduced pace compared to May.The S&P Global UK Construction PMI fell from 54.7 in…
The Building and Allied Trades Joint Industrial Council (BATJIC) has secured a 4% wage increase and an additional holiday for small builders, effective from 17th June…
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