RBS to compensate small firms in GRG
Royal Bank of Scotland said on Tuesday that it will compensate up to 12,000 small business customers that were transferred to its former Global Restructuring Group (GRG). The bank has…
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M&S to cut clothing and home stores and boost space for Simply Food
Marks and Spencer is to close 30 British stores and another 53 in overseas markets, including China and France. The high street retailer said on Tuesday that it was planning…
Small manufacturers expect increase in export order
A net 4% of small and medium-sized (SME) manufacturers are more optimistic about their business situation, according to a survey by the CBI. The business group reported on Tuesday that…
Businesses urged to get ready for 12-sided pound coin
The UK Government and Royal Mint have launched a campaign to raise awareness of the new one-pound coin amongst retailers and other major businesses. On Monday a new website was…
Retailers closing 15 shops a day on Britain’s high streets
Retailers in Great Britain closed 2,656 shops in the first six months of 2016, a rate of 15 stores a day, according to figures published on Tuesday. This is a…
UK manufacturers see export boost from weaker pound
UK manufacturers saw a rise in output and orders over the last quarter, with a significant increase in exports due to the weaker pound, according to a new report from…
No change in UK retail sales for September
Retail sales remained flat in September, according to figures released by the Office for National Statistics (ONS) on Thursday. Sales volumes increased by 4.1% compared with September 2015, but were…
Poorer households set to lose £100/year as UK inflation jumps to 1%
Rising prices for clothing, hotel stays and motor fuels contributed to an increase in the UK’s inflation rate last month, the Office for National Statistics (ONS) said on Tuesday. The…
Business leaders object to proposed crackdown on foreign workers
Business groups reacted angrily this week to reports of a crackdown on foreign workers in the UK. Home Secretary Amber Rudd told the Conservative Party conference that a tightening of…
Competition authority to look at price comparison sites
The UK’s competition watchdog has launched a market study into price comparison websites to investigate how they generate a profit and whether the arrangements they make with suppliers might restrict…
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