By: Courtney Goldsmith

I am a journalist for City A.M. reporting on the energy and mining sectors. I also keep an eye on the pharmaceuticals sector and cryptocurrencies. Email: courtney.goldsmith@cityam.com

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The average British consumer will spend almost half their monthly salary on Christmas, and many won’t pay off debts until March

November 21, 2016

By March, Christmas is the last thing on your mind. But one in five British consumers are still paying off Christmas gifts three months or more down the line. The average shopper is set to spend almost half their monthly pay on Christmas, and 6 per cent will spend in excess of a month's salary, a new study [...]
Holiday shoppers are undeterred by the referendum result, but they choose deals over brand loyalty

November 20, 2016

Black Friday sales are cropping up all around the UK, but while holiday shopping is set to be strong this year, the major discounting event might not be as profitable for retailers as what comes next. Nearly 40 per cent of shoppers are waiting for the best discounts to come after Christmas and New Year, [...]
Premium pub and craft beer investments are expected to translate to profit ahead of Marston’s full-year results

November 20, 2016

Marston's is set to unveil an upswing in profits this week because of the company's investment into premium food and craft beers. The pub chain, which has an estate of about 1,600 pubs in the UK, including premium chains Pitcher & Piano and Revere, is expected to reveal a jump in full-year profits to £98.3m from £31.3m [...]
Mothercare’s shares are down and profits are expected to fall ahead of this week’s interim results

November 20, 2016

Mothercare is expected to report a drop in pre-tax profits in its interim results this week as shares fail to recover from overseas trading fears. Mothercare's shares closed at 109.7 on Friday, halving from the beginning of the year. Read more: Mothercare takes baby steps with first profit in five years Despite a rise of 1.2 per cent [...]
Alcohol industries call for duty freezes in Autumn Statement to distill Brexit fears

November 18, 2016

The beer and spirit industries are hopeful for another year of duty freezes, while the wine sector looks for a levelled playing field ahead of Philip Hammond’s Autumn Statement. Earlier this year, George Osborne froze the duty rates on beer, spirits and most ciders, but most wines and higher strength sparkling cider were set to go up, [...]
Searches for flights to the US plummeted after Donald Trump was elected president

November 17, 2016

Whether or not US President-elect Donald Trump's wall will prevent people from entering America, his negative image abroad already has. Since the election results were announced last week, demand for flights to the US dropped globally, new research has suggested. The so-called "Trump Effect", calculated by travel search engine Kayak.co.uk, reported the number of searches for [...]
E-cigarette innovation is stalling, a leading doctor has warned

November 17, 2016

Innovation in electronic cigarettes will stall unless a bridging approach to new product regulations is made. New variants of e-cigarettes and next generation products risk being tied up in development, said James Murphy, head of reduced risk substantiation at British American Tobacco. Murphy gave a keynote speech today at the Next Generation Nicotine Delivery conference in [...]
British consumers spend £21.7b on impulse buys each year, and more than half spend impulsively every time they shop

November 16, 2016

If you can't resist picking up a few more items to add to your shopping bag while standing in the checkout queue, you're not alone. British consumers were found to spend an estimated £21.7b on impulse purchases each year. The average consumer spends an estimated £416 every year on irresistible items that they don't actually need, according to [...]
London business people gave Travelodge some of their most bizarre customer requests this year

November 16, 2016

Have you ever asked your hotel staff to help out with a wedding proposal, do your VAT returns or wake you up with a bagpipe serenade? If so, your wish might have landed on Travelodge's list of the most bizarre requests from the last year. A few peculiar questions were simple mistakes made by tourists lacking knowledge of the UK. [...]
Greg Clark writes that Pubs Code Adjudicator appointment process should not be reopened

November 16, 2016

Business Secretary Greg Clark has written a response to Iain Wright, Chair of the Business, Energy and Industrial Strategy Committee, saying he disagrees with the committee’s view that the appointment process for the Pubs Code Adjudicator should be reopened. Wright's letter from 21 July argued that Clark should reopen the appointment process, stating that current adjudicator Paul [...]

Cadillac to leverage US identity to grow F1 sponsorship portfolio

Hundred cricket stake sales help Glamorgan clear debts

Psst… This is how to ski Les 3 Vallées without the crowds

By: Courtney Goldsmith

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