FTSE 100 live: London slow as retail sales dip and China concerns weigh UK down August 18, 2023 The FTSE 100 continued Friday in sluggish fashion as UK retail sales fell almost double the amount expected. London’s premier blue-chip index dipped as much as 0.8 per cent in early trading, slouching at 7,251.32, 0.8 per cent down by midday. Nearing market close, it fluctuated between 0.8 and one per cent with largest caller [...]
London-based at-home cancer tester teams up with digital GP to speed up diagnoses August 17, 2023 A London-based provider of diagnostic tests which allows Brits to screen for cancer at home has teamed up with a digital GP to provide faster treatment. Newfoundland, which specialises in at-home diagnostic tests, has partnered with Doctorcall, which offers tele-medicine as well as at-home GP appointments, to launch the service in London. The partnership comes [...]
Grocery price inflation drops sharply to 12.7 per cent August 15, 2023 Grocery price inflation saw its second sharpest fall since 2008, falling 2.2 percentage points to 12.7 per cent for the four weeks to 6 August, new data shows. While food prices are still rising, some goods actually became cheaper, with shoppers paying £1.50 for four pints of milk, down from £1.69 in March, and a [...]
Wilko bidders have until Wednesday to make an offer for troubled retailer August 14, 2023 Bidders for troubled retailer Wilko have reportedly been given until Wednesday to place offers for the company after collapsing into administration last week. A number of discount retailers and financial investors are considering offers for the company, and administrator PwC is seeking offers by the middle of the week, Sky News reported. Last week, the [...]
Tesco to swap cheaper product lines into convenience shops August 11, 2023 Tesco is to swap cheaper product lines into its convenience stores as shoppers battle the rising cost of living. It revealed that more than 50 everyday products in its smaller Express shops will be replaced by better priced alternatives, many from its own-brand range. The move comes as German discounter rivals Aldi and Lidl have [...]
Wilko collapses into administration, placing 12,000 jobs at risk August 10, 2023 Wilko has collapsed into administration today after the struggling high street retailer failed to find a rescuer. The 400 strong high street store has appointed PWC as administrator, after a number of talks to save the business failed to come to fruition. In a statement, chief of Wilko, Mark Jackson, said the company had been [...]
Wilko: Gordon Brothers mull rescue deal for troubled retailer as 12,000 jobs on the line August 8, 2023 Troubled retailer Wilko could reportedly be rescued by global advisory and investment firm Gordon Brothers, which has a history of saving struggling brands. Last week the family owned business made notice of its intention to appoint administrators, after it spent the summer hunting for a rescue deal. Wilko, which has 400 sites across the UK, [...]
Wilko on brink of collapse with 12,000 jobs at risk August 3, 2023 Troubled homeware and garden retailer Wilko reportedly intends to call in administrators, placing 12,000 jobs at risk. The high street chain has filed its notice to appoint administrators at the High Court, Bloomeberg first reported, after it spent the summer hunting for a rescue deal. Wilko, which has 400 sites across the UK, has struggled [...]
Retailers in trouble as 51 per cent of punters cut back on clothes shopping July 31, 2023 Retail and hospitality industries continue to be bruised by the UK’s cost of living crisis as 59 per cent of people have cut their spending on eating out and a further 51 per cent have cut spending on clothing. As Brits continue to watch their pennies amid high inflation, figures from Oxera show that in [...]
Mark Kleinman: Natwest’s future, Ovo Energy and Hargreaves Lansdown’s search for a successor July 27, 2023 Mark Kleinman is City editor at Sky News What next for Natwest? Somebody with a tighter grip at the top, and that’s just the start Banking with the human touch: that’s how Coutts, the high net worth bank owned by Natwest Group, likes to position itself. Like so many corporate slogans, however, it often bears [...]