Cheap and cheerful: Poundland owner to open 550 new sites as inflation drives expansion June 6, 2023 Poundland owner Pepco has plans to roll out 550 more sites this year across the UK and Europe as its cheap and cheerful goods continue to perform well with customers amidst the cost of living crisis. In its interim results the value shop, which sells everything from groceries to clothes, posted a 22.8 per cent [...]
Navigating Nordic M&A in 2023 June 6, 2023 At a recent event in Copenhagen, panellists met to discuss the headwinds and tailwinds affecting dealmaking in the Nordics. The conclusions? While inflation and higher interest rates will continue to challenge the market, realism and strategic discipline should help drive M&A in the region in the months ahead. Inflation and interest rates The record rate [...]
Ballooning public debt only strengthens the case for adopting crypto June 6, 2023 Temple Melville, CEO of The Scotcoin Project Community Interest Company, explains why growth in the economy is so important.
Primark owner buys up milk records-keeper in near-£50m deal June 6, 2023 Primark-owner ABF has bought National Milk Records, a key part of the milk industry, as it strengthens its agri-food business
Simply Be and Jacamo owner hit by revenue fall and warns 2024 will be tough June 6, 2023 The owner of Simply Be and Jacamo has told investors that it expects the hangover of high inflation and low consumer confidence to continue to impact the business next year, as the retailer posts a 82.6 per cent decline in profit before tax. N Brown, which trades solely online posted a 5.3 per cent decline [...]
Cost of weekly shop continues to rise as Brits opt for TV nights in June 6, 2023 Brits are continuing to fork out more on their weekly shop, with households spending 8.9 per cent more on groceries year on year, with the nation increasingly turning to takeaways and nights in front of the telly in efforts to cut down on spending costs. During May, consumer card spending rose just 3.6 per cent [...]
The Notebook: Victoria Scholar on stocks, China and Spiderman June 6, 2023 The notebook is a place where interesting people say interesting things. Today, it’s Victoria Scholar, head of investment at Interactive Investor The market mood is picking up with the S&P 500 enjoying its best week since March. The Dow surged over 2% on Friday, its biggest one-day gain since January and the Nasdaq Composite completed [...]
Investment slump amid higher interest rates risks finally sparking UK recession June 6, 2023 A mix of factors are buffeting the UK economy right now. Spending power is being crushed by high inflation eroding family finances. House prices are coming off their heady heights as sellers drop prices to source buyers amid higher mortgage rates. External demand is thinning in response to weak consumer confidence amid a global cost [...]
We need a good dose of optimism in our politics – especially about climate June 6, 2023 Voters want more optimism in our politics - especially when it comes to climate - even if it can feel un-British. Younger voters especially are much more optimistic than our politicians, writes Adam Hawksbee
Binance slapped with lawsuit for ‘violating federal securities laws’ by SEC June 5, 2023 Binance is being sued by the US Securities and Exchange Commission for allegedly violating federal securities laws.