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cost of living crisis

  • Pieminister serves up just £1,000 profit after absorbing costs to keep menu prices down

    February 6, 2024

    Pieminister made a pre-tax profit of just £1,000 during its latest financial year after absorbing rising costs in a bid to keep menu prices down as much as possible.

  • Brits stayed at home to watch The Traitors during Dry January in blow for pubs

    February 6, 2024

    Restaurants were hit harder with spending declining 11.6 per cent widening from 8.8 per cent on a month on month basis. 

  • Kylie Jenner Instagram post helps drive sales at Kurt Geiger as fans buy ‘affordable’ £270 bag

    February 5, 2024

    Billionaire Jenner, who has 400 million followers on Instagram, posted an image of herself posing with a £270 handbag made by the brand

  • January sales fail to impress shoppers as London footfall disappoints

    February 2, 2024

    January was another disappointing month for London retailers as shoppers steered clear of the high street.  A new report by the British Retail Consortium (BRC) showed footfall across the capital declined by 1.7 per cent at the start of the month. This has widened from a fall of 1.4 per cent recorded in December.  With [...]

  • Hugh Osmond-backed Various Eateries plots Noci expansion as it absorbs inflation price hikes

    February 1, 2024

    The firm said it would open 10 more of its Italian inspired Noci restaurants and three more Coppa Club sites. 

  • Brexit checks: What’s actually changing at the border?

    January 31, 2024

    The post Brexit changes are the most consequential since the UK exited the EU single market in 2020. Here’s everything you need to know.

  • Gusbourne sales boosted as Brits still splashing out on designer sparkling wine

    January 31, 2024

    Despite economic woes, customers still wanted to splash out on a bottle of Pinot Noir and Rose, with Gusbourne reporting a 26 per cent rise in direct consumer sales. 

  • Tourist Tax: M&S and Primark urge Jeremy Hunt to ‘think again’ as £11.1bn wiped of GDP

    January 30, 2024

    Business leaders are piling fresh pressure on the government to scrap its controversial tourist tax as data shows it is eating away at UK GDP and banishing international visitors.

  • Iceland boss backs Labour as Starmer promises to protect ‘pound in your pocket’

    January 29, 2024

    Former Conservative donor and Iceland boss Richard Walker has thrown his support behind the Labour Party, calling it the “right choice” for businesses.

  • Superdry: Losses widen, CFO quits and boss admits a ‘difficult’ period

    January 26, 2024

    Embattled retailer Superdry posted further losses in its half year update, blaming a challenging retail market and underperformance of its wholesale segment.

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