Some meat, yoghurt and vegetables have doubled in price in a year, new data shows May 16, 2023 Some meat, yoghurt and vegetables are among items that have doubled in price compared to a year ago, according to new figures from consumer group Which? The group urged Prime Minister Rishi Sunak to intervene on behalf of struggling consumers as its latest data shows food inflation remaining at “shockingly high levels”. The figures come ahead of Tuesday’s [...]
The Notebook: Victoria Scholar on Big Tech’s recovery, soaring sterling and luxury goods booming in China May 16, 2023 Where the City’s movers and shakers get a few things off their chest. Today, it’s Interactive Investor’s Victoria Scholar. Big Tech looks to be back in Vogue BIG Tech suffered painful declines in 2022 with sky-high inflation and central banks scrambling to keep a lid on rising prices. Now with US inflation easing, and the [...]
To win younger voters, Labour needs to weed out the anti-housing nimbys May 16, 2023 Labour wants to portray itself as the party of housing. But to succeed, Keir Starmer will have to manage nymbies on his backbenches, showing he's serious about building new homes, writes Elena Siniscalco
Center Parcs put up for sale with owner Brookfield eyeing a £5bn price tag May 15, 2023 Center Parcs’ owner Brookfield has reportedly put the UK holiday resort up for sale. The Toronto-based private equity firm is hoping to fetch between £4bn and £5bn for the company, the Financial Times reported today. Center Parcs operates six major holiday villages in the UK and Ireland, in counties including Wiltshire, Cumbria and Bedfordshire. The [...]
Currys share price soars as profit guidance lifted after trading ‘better than expected’ May 15, 2023 Currys has lifted its prospects for the rest of the year, saying its profit before tax is expected to be £110-120m, up from previously around £104m. Shares in the retailer jumped almost six per cent to 59.45p following the announcement this morning, to their highest level since early April. Currys, which sells everything from computers [...]
Travelodge hits record profits as staycation breaks continue post-pandemic May 15, 2023 Travelodge, the UK’s largest independent hotel brand, has reported results significantly ahead of its previous record year in 2019, as Brits continued to opt for staycation breaks and business travel. The London-listed hotel company, which offers cheap beds in the UK Spain and Ireland said that revenues were up 25 per cent from 2019 to [...]
Calls for a social tariff obscure wider energy issues May 15, 2023 Energy bills will finally fall this summer after nearly 18 months of sustained hikes, softening a painful cost of living squeeze for millions of Brits. This year’s drop in wholesale gas prices on the spot market, thanks to Europe’s successful scramble for supplies last winter and China’s flagging economic growth, will soon be reflected in [...]
Prevention is the last chance left to save the NHS from an inevitable death spiral May 15, 2023 As NHS waiting lists reach a record high, we should seriously invest into prevention - so we can save lives, free up hospital beds and ultimately save money for the health service, writes Hamish Grierson
Chelsea respond to supporters’ warning with season ticket price decision May 11, 2023 Chelsea have bucked the Premier League trend and announced a freeze on their cheapest general admission season ticket prices for next season. The majority of teams in English football’s top division, including Manchester United, Arsenal, Liverpool and Manchester City, have hiked their prices for the 2023-24 campaign. But Chelsea chiefs have decided to maintain their [...]
JD Sports drafts in new CFO amid shake up May 11, 2023 JD Sports has drafted in financial veteran Dominic Platt as its new chief financial officer, as the group ploughs ahead with its five-year growth strategy Platt is currently chief of finances at BGL Group, one of the UK’s top digital distributors of financial services and owner of Compare the Market, he also sits on the [...]