Petrol prices hit eight-year high as fuel demand surges August 4, 2021 Motorists are feeling the pinch as petrol prices hit their highest levels since 2013 after eight straight months of price rises. According to the RAC, petrol and diesel prices jumped by 3.4p and 2.7p per litre in July, meaning the former now costs 135.13p per litre. For diesel, the cost is 137.06p per litre, the [...]
Three great roles to apply for this week August 4, 2021 If you’re looking for an exciting new job, then you have absolutely come to the right place! Every week for the last number of months we have been sharing brilliant opportunities with you, in the hopes of helping the world get back to work after the pandemic. And since things have started to return to [...]
Eurozone retail sales rise above pre-Covid levels to record high August 4, 2021 Eurozone retail sales surged past pre-Covid levels in June to reach a record high, according to new figures published today. Retails sales in the 19 countries that make up the area jumped 1.5 per cent over the last month, driven by consumers returning to high streets, restaurants and bars, although at a slower pace than [...]
British beauty: THG bags makeup retailer Cult Beauty for £275m August 4, 2021 Digital brands group THG has bought British makeup retailer Cult Beauty for £275m, which has bolstered the group’s brand offering by a further 200. THG, which already owns Eyeko and Illamasqua, will also bag the online beauty retailer’s 1.7m customers and 1.6m Instagram followers – which prove to be quite the acquisition when dealing with [...]
Online shoppers help Joules return to profit with £122m e-commerce sales August 3, 2021 Joules has returned to profit after online sales contributed to full-year revenues climbing to almost £200m. The fashion and homeware retailer reported group revenue increased by 4.3 per cent to 199.million despite lockdowns forcing stores to shut for periods and cancellations of the brand’s country shows. Online sales were up by 48 per cent to [...]
Greggs bakes in recovery as chain plots high street expansion August 3, 2021 Greggs appears well set for expansion after a sustained recovery in sales as coronavirus restrictions have eased. The British bakery and fast-food chain made £55.5m in pre-tax profit in the first half of 2021, compared to a pre-tax loss of £64.5m in the same period last year. Total sales amounted to £546.2m. The increase in [...]
Decentralized finance surpasses 3 million users ahead of major Ethereum upgrade August 2, 2021 CryptoCompare’s data shows that the price of Bitcoin (BTC) went sideways throughout the week, starting at around $38,000 and dropping to a $36,000 low before surging and testing the resistance at $42,000, which it failed to break through. Ethereum’s ether, the second-largest cryptocurrency by market capitalization, moved in a similar way throughout the week, from [...]
Jack Dorsey’s Square to snap up Australian rival Afterpay for £21bn August 2, 2021 Payments firm Square is set to snap up buy now, pay later company Afterpay for some £21bn, in the biggest buyout of an Australian firm to date. Twitter co-founder Jack Dorsey, who also co-founded Square, said that the payments company and Afterpay have a “shared purpose”. The deal will peg the merging companies as a [...]
UK jobs market recovery accelerates on better than expected consumer spending August 2, 2021 The UK jobs market recovery is accelerating as a stronger than expected rebound in consumer spending is encouraging firms to take on staff, according to new figures released today. Research published by Lloyds Bank shows the proportion of UK businesses expecting to ramp up hiring rose to 18 per cent, a sixth consecutive monthly increase [...]
Boohoo chief summoned to US court to explain ‘fake’ sales promotions claim July 31, 2021 The head of online fashion retailer Boohoo has been summoned to give evidence in a US court over allegations that the company promoted fake sales to attract customers. Mahmud Kamani will give evidence to a Los Angeles court remotely on or before 15 August in a four-hour deposition. Boohoo is accused of tricking customers into [...]