Beaverbrooks: We don’t expect government to solve all of firms’ problems November 16, 2022 A wedding “catch-up” boom post-pandemic has driven momentum for jeweller Beaverbrooks, its top boss told CityA.M. After the Covid-19 lockdowns saw many couples put plans to get hitched on hold, the easing of restrictions has seen a boom in plans for nuptials, driving ring sales, Anna Blackburn said. The pandemic spurred some couples to get [...]
Ahead of Budget: Millions of terrified businesses fear they will not survive another year November 16, 2022 In the midst of political uncertainty and ahead of the Autumn Statement, a quarter of SMEs believe the UK economy has been damaged irreversibly by Brexit and Covid-19 – with an astonishing 64 per cent of business owners stating they are worried their businesses won’t survive the next 12 months. The fresh data reveals a [...]
Pubgoers face pricier pints as Heineken to lift wholesale prices next year November 16, 2022 Heineken will hike its wholesale price of draught and packaged beer for its pub customers by 15.8 per cent next year. The brewer’s customers in the UK will face higher prices from 16 January. It is up to retail and hospitality businesses to decide how much to pass on the extra costs to shoppers and [...]
Mediclinic warns of price hikes as inflation and Covid-19 rattle healthcare November 16, 2022 Hospital operator Mediclinic has voiced concern over its ability to stave of price hikes as it undergoes a billion-pound takeover. The London-listed company, which was bought by a South African consortium for £3.7bn in August, said increasing economic uncertainty, rising inflation and the risk of further Covid-19 disruption is weighing on margins. “Increasing macro-economic uncertainty, [...]
Digital Assets Week: A ‘DAW’ to the future November 16, 2022 Lord Holmes reports on an opportunity to share the current approaches being undertaken by the UK Government on crypto regulation.
Government in danger of missing nuclear targets, warns industry boss November 16, 2022 The Government is in danger of missing pledged targets to ramp up nuclear power and boost the UK's supply security.
House prices up almost 10 per cent on last year as London’s average reaches £544k November 16, 2022 House prices increased almost 10 per cent on last year but were unchanged over August and September, new figures have revealed. The Office for National Statistics’ house price data showed a 9.5 per cent jump over 2022 to September, down from 13.1 per cent in August 2022. House prices however remained unchanged since August 2022, [...]
Magic materials, paperless tickets and Web3: Sports technology trends to watch in 2023 November 16, 2022 Rebecca Hopkins, chief executive of the STA Group, picks out the sports technology trends to watch in the next year. It is exciting to realise how far sport has come in the past 12 months and whilst the post-pandemic era is throwing up more external challenges than could have been predicted, the sector remains as [...]
Experian profits rise as customers lean on credit checks November 16, 2022 Credit checker Experian reported a 21 per cent slump in pre-tax profits in the first half of the year on as soaring inflation and rising interest rates pushed up costs and devalued its assets across Europe and the Middle East.
Premier Foods boosted by consumers eating at home amid rising inflation November 16, 2022 Premier Foods’ revenues continue to rise despite inflation, as the cost of living crisis pushes consumers towards cheaper brands. The London-listed food group, which owns Batchelors, Bisto and Lloyd Grossman brands, has continued to perform well under economic pressure in the UK and across the world. Group revenue rose more than six per cent to [...]