FTSE 100 hoisted by investors pouring into retailers ahead of Black Friday November 24, 2022 London’s FTSE 100 was bumped higher today by investors heading into retailers ahead of Black Friday today. The capital’s premier index inched 0.02 per cent higher to close at 7,466.60 points, while the domestically-focused mid-cap FTSE 250 index, which is more responsive to the health of the UK economy, jumped 0.2 per cent to 19,540.34 [...]
Consumer protection groups: Social media needs to do more to block Black Friday fakes November 24, 2022 Consumer protection groups have called on social media to do more to block fake Black Friday deals as hundreds of counterfeit items are removed from Instagram. Facebook’s owner Meta and the Trading Standards said it had removed hundreds of items from the app in the run up to tomorrow’s sale. Items included potentially dangerous chargers [...]
eBay UK chief slams Royal Mail strikes for impact on small businesses November 24, 2022 Ebay’s UK chief has slammed posties’ strike action, saying small businesses are being caught in a “crosshairs at the very time they most need support”. Writing in City A.M., Murray Lambell said smaller e-commerce firms were the “lifeblood” of the economy and must be protected during this festive season. “The last two festive trading periods [...]
Royal Mail strikes will crush retail and small businesses when we need them to grow November 24, 2022 The UK boasts one of the world’s most sophisticated ecommerce economies, with small businesses thriving by scaling up their retail operations online. But more than four decades on from the Winter of Discontent, industrial action risks destabilising this flourishing online economy. We understand the challenges that workers are facing during these unprecedented times, with higher [...]
Black Friday will have a black mark to its name if it ignores the climate question November 24, 2022 If you are walking past a colleague’s desk tomorrow, and their screen is full, not of the task due yesterday, but of Black Friday sales, they are one of the 76 per cent of customers hunting for discount deals. For some, the day of mega sales can be traced back to a Wall Street stock [...]
FTSE 100 closes higher despite yet more recession signals November 23, 2022 London’s FTSE 100 finished higher today despite yet more data signalling the UK is on a one ticket to recession. The capital’s premier index climbed 0.17 per cent to 7,465.24 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, jumped 0.4 per cent to 19,500.5 [...]
Posties reject Royal Mail’s ‘final and best offer’ as Black Friday strikes go ahead November 23, 2022 The UK postal service is facing an “Armageddon moment” as Royal Mail’s eleventh hour bid to call off Black Friday strikes fails. Members of the Communication Workers Union (CWU) rejected Royal Mail’s “final and best” offer this afternoon, scuppering hopes that industrial action happening tomorrow and Black Friday – two of the biggest online shopping [...]
Shoppers set to fork out more than last year on Black Friday buys November 23, 2022 Shoppers are set to splash more cash on Black Friday purchases this year, despite cost of living pressures. Consumers will fork out seven per cent more for the shopping occasion, which falls amid a rare winter World Cup tournament, estimates from Nationwide have revealed. The building society forecast that its members would spend more than [...]
Black Friday is a white knight November 23, 2022 Last week’s ONS statistics may have “rebounded slightly”but the outlook is still disappointing.
Royal Mail calls for less letter days as it claws way out of strike action November 17, 2022 Royal Mail has asked the government to cut its letter delivery service from six to five days as the beleaguered firm attempts to claw itself out of financial crisis. The former state-owned company, also known as International Distributions Services (IDS), called on ministers to reduce the letter numbers to ensure the “long-term sustainability” of the [...]