Buy now, fail later? Banks struggle to cash in on Klarna’s success March 27, 2024 Natwest recently confirmed it would axe its buy-now pay-later scheme. Industry experts suggest the move could be a sign of things to come as traditional lenders struggle to gain a foothold in the market.
Pets at Home backs guidance amid vet probe March 26, 2024 Pets at Home said it is trading in line with lowered expectations, in its first financial update since the competitions watchdog said it would launch a probe into the veterinary industry.
Irn Bru maker AG Barr profit soar thanks to demand for Rubicon drinks and booming porridge market March 26, 2024 Irn Bru maker A.G Barr made a profit during the full year, driven by sales of Rubicon.
ASOS reports sales slump as it offloads stock to ‘right-size’ the business March 26, 2024 It told the markets this morning that the sales decline was "broadly in-line with guidance" because in the fourth quarter of 2023, trends were expected to continue to slow down.
The worrying rise of the Starbucks drive-thru March 26, 2024 Car-based consumers are hollowing out our high streets and straining our social fabric, says Adam Hawksbee Starbucks opened the UK’s first drive-thru coffee shop in Cardiff in 2008. Today, there are over 800 in towns and cities across the country – almost one in ten premises operated by a major coffee chain. Even the upmarket [...]
UK government no longer a controlling shareholder in Natwest after taking stake below 30 per cent March 25, 2024 Taxpayers paid £45.5bn for the bailout but have lost out as Natwest’s share price has halved since then.
B&Q owner Kingfisher lowers outlook as struggling French arm drags down profit March 25, 2024 Kingfisher has made a loss during the full year as a slowdown in sales in its French arm continues to impact its bottom line.
Week ahead: Kingfisher, Pennon, Fevertree and Ocado March 24, 2024 In a quiet week for economic announcements, London markets are expecting updates from Kingfisher, Pennon Group, Fevertree, Ocado and Carnival.
JD Sports set to report sales growth amid investor concerns over outlook March 24, 2024 JD Sports is expected to reveal sales growth as investors will be keeping an eye out for an improved outlook after signs of cooler demand from shoppers.
‘Stars are aligning’ for UK economy after inflation data and Bank of England rate decision March 22, 2024 "We think the stars are aligning for stronger consumer spending growth this year," Rob Wood, chief UK economist at Pantheon Macroeconomics said.