Running a business is hard, but Tide makes it easier May 17, 2023 Claire Pedley, a 41-year-old mother of two, has one company with three phone lines. People will ring and expect to speak to a man “because obviously I don’t know anything about concrete”, she says. Claire likes to connect such callers to one of her alternative numbers and to hear the surprise in their voice when [...]
Bennett on Business: London listings and the Bank’s bitter Pill May 17, 2023 Neil Bennett discusses London's IPO problem, the Bank's chief economist and more in his fortnightly City A.M. column
Signs of unemployment jump emerge in UK economy – and it won’t solve worker shortages May 17, 2023 There are some signs that Britain’s red hot jobs market is calming down. That’ll please officials at the Bank of England, who, remember, are trying to make people and businesses (on average) a bit worse off to tame inflation. Wage growth which, in cash terms, has been rising rapidly for around a year, didn’t spring [...]
UK must solve labour issues and cut red tape to help ease food inflation, lobby group warns May 16, 2023 The UK government must address labour shortages and make sure regulations don’t weigh food producers down to help ease food price inflation, an industry lobby group has warned. Downing Street hosted a Farm to Fork event at No10 with retailers, traders and producers invited, as Rishi Sunak announced greater protections for farmers in future trade [...]
Boohoo share price soars as profits halve: Brits ditch fast-fashion and head back to the high street May 16, 2023 Online fashion retailer Boohoo said its profits halved, as the cost of living crisis continues to hit consumers’ spending and Brits flock back to physical stores. Pre-tax profits for the group halved during the 12 month period ended 28 February 2023 to £63.3m, down 49 per cent, with revenues dropping 11 per cent to £1.77bn. [...]
Tesco cuts price on 30 own brand products including pasta and oil as supermarket wars continue May 16, 2023 Tesco has announced another round of price cuts on its own-brand pasta and cooking oil as it sees deflation making its way through to cupboard essentials. The UK’s biggest supermarket is dropping the price of 30 products, with 15p off 500g and 1kg packs of own-brand pasta, 14p off its one litre vegetable oil and [...]
Some meat, yoghurt and vegetables have doubled in price in a year, new data shows May 16, 2023 Some meat, yoghurt and vegetables are among items that have doubled in price compared to a year ago, according to new figures from consumer group Which? The group urged Prime Minister Rishi Sunak to intervene on behalf of struggling consumers as its latest data shows food inflation remaining at “shockingly high levels”. The figures come ahead of Tuesday’s [...]
British farmers to be given greater protections in future trade deals May 16, 2023 Farmers are to be given greater protections in future trade deals as part of a package of measures unveiled ahead of a No 10 food summit. Downing Street said the government’s initiatives, as well as putting greater emphasis on farmers’ interests during international trade negotiations, include reviewing supply chains to ensure producers are getting a [...]
Bitcoin and Ethereum face challenges, Liechtenstein embraces BTC, and Tether reports huge profit May 15, 2023 Data shows the price of Bitcoin started the week on a downward trend, moving from around $28,000 to a low of roughly $26,500.
Taking flight: Inside the rise and rise of darts – and where the sport is heading next May 15, 2023 “More people in this country know who Michael van Gerwen is – a darts player from the Netherlands – than who the fastest British man and woman are,” declares Matt Porter, chief executive of the Professional Darts Corporation. Porter might have a dog in that particular fight but he is on the money about the [...]