UK economy: Retail sales crash as cost of living crunch continues to bite October 20, 2023 In an ominous sign for the UK economy, retail spending fell in September with analysts warning of a tough Christmas ahead
Dunelm sales jump nine per cent rise as customers seek homeware value October 19, 2023 Homeware retailer Dunelm reported a nine per cent rise in sales during its first quarter, as shoppers continue to splash out on bedding and curtains despite the cost of living crisis. The cushions to candles provider said that total sales for the year came to £390m, thanks to demand for its autumn collection which included [...]
UK remains world’s third largest crypto economy, and biggest in Europe October 18, 2023 A Chainalysis update shows the UK remains the world's third largest digital asset economy, and the biggest throughout Europe.
China’s GDP growth in third quarter shows economic recovery gaining traction October 18, 2023 Rapidly weakening growth in the world's second-biggest economy since the second quarter prompted authorities to step up their support steps.
Credit insurer cover cuts leave retail sector reeling October 18, 2023 Credit Insurers have been dragged into the spotlight after it emerged that they have pulled cover on a host of some of the country’s biggest retailers over the past few months. Both Boohoo and Asos have been hit by insurers withdrawing cover on their transactions. Over the summer, it was revealed that Allianz Trade, formerly Euler [...]
‘Promises expected to fall short’ admits new UK National Lottery operator October 17, 2023 Despite initial vows, Allwyn has said last year’s funding to good causes of approximately £1.8bn will barely increase next year.
Frasers Group snaps up SportScheck in athletic shopping spree October 17, 2023 Frasers Group, said that the sale was backed by sport powerhouses Nike and Adidas who are assisting the business in its expansion strategy.
FSB: Reform needed as issues with e-commerce are harming small businesses October 16, 2023 The Federation of Small Businesses (FSB) is calling for reform as new research suggests small businesses are facing an abundance of online marketplace challenges. The research, which surveyed 1,054 small businesses, showed 53 per cent of participants currently use an online platform for their business, with 71 per cent calling these “very important.” Yet 39 [...]
SIGWATCH October 16, 2023 ABOUT SIGWATCH Headquartered in London, SIGWATCH is a leading consultancy and data provider on global activism, working with major companies, investors, and professional advisors. Our expert knowledge of activist campaigning issues, policy, and discourse helps to bridge the gap between business and civil society and supports responsible business practices. SIGWATCH’S proprietary techniques for tracking activist [...]
Abrdn offloads private equity arm for £60m as Bird’s ‘reshaping’ drive accelerates October 16, 2023 Abrdn has offloaded its European private equity business to a Nasdaq-listed investor for £60m today as bosses press ahead with plans to slim down and simplify the business globally.