Knightsbridge and Chelsea hail bumper Christmas thanks to swanky shoppers splashing cash January 26, 2024 Swanky shops and restaurants around Knightsbridge and Chelsea enjoyed a bumper Christmas, helped by affluent customers splashed the cash on London’s Kings Road.
Victoria Scholar: Women and youngsters the biggest winners amongst retail traders January 26, 2024 Victoria Scholar on the winners and losers amongst traders, Premier Foods' mince pie success, and much more
Six graphs that explain the UK economy ahead of Bank of England’s interest rate decision January 25, 2024 Markets are convinced that a rate cut is coming, likely in the first half of this year. So far, the Bank has not been persuaded.
Tim Martin: JD Wetherspoon had a bumper Christmas but high labour costs are bruising pubs January 24, 2024 Sir Tim Martin, the outspoken boss of Wetherspoon’s has said labour and energy costs are far higher than pre-pandemic, highlighting the disparity between pubs, restaurants and supermarkets.
Central London Alliance calls for government to cut VAT for hospitality, tourism and leisure January 23, 2024 Central London Alliance (CLA) calls on the Government to address the UK’s lack of competitiveness on the global tourism market, beginning with a cut to VAT for the hospitality, tourism and leisure industries. Figures from the Office of National Statistics (ONS) show that visits to the UK increased 112 per cent year-on-year, generating £30 billion [...]
Retail sales crash 3.2 per cent in December as struggling high street hits Covid-era low January 19, 2024 UK retail sales plummeted 3.2 per cent in December, well below analyst expectations and the largest monthly fall since January 2021 when coronavirus restrictions pushed down sales. Analysts had expected sales to fall by 0.5 per cent in the last month of the year, but a significant drop in both food and non-food store sales [...]
FTSE 100 today: London markets likely to soar on the heels of global tech rally January 19, 2024 Global stocks surge in a tech rally, oil prices dip, and Bitcoin hits a five-week low. Attention now shifts to UK retail sales and U.S. Michigan Sentiment data.
FTSE 100 suffers worst day in five months after inflation surprise dampens rate cut bets January 17, 2024 London’s FTSE 100 has clocked its worst day in five months after new figures showed a surprise uptick in inflation at the end of last year.
Why December’s inflation surprise is not a moment to panic January 17, 2024 How worrying are December's inflation figures for the Bank of England? And what does it mean for when interest rates will start being cut?
Inflation picks up to surprise four per cent on higher tobacco prices January 17, 2024 The figures come just a day after new data showed that wage pressures had eased significantly in the second half of last year.