Top retail boss warns UK heading into recession September 24, 2025 The boss of AO World has warned that inflation, new red tape around hiring and higher taxes are quickly pushing the UK into a recession. “We’ve lived through a few recessions in the last 25 years – I think we’re heading into another one,” founder and CEO of AO World, John Roberts, told the BBC. [...]
Adanola: Sales triple at Kendall Jenner favourite September 24, 2025 Sales at Adanola, the athleisure brand worn by the likes of Kendall Jenner, Molly-Mae Hague and Maya Jama, have tripled in the space of just two years. The Manchester-based label has reported a turnover of £84.5m for the 12 months to 31 March, 2025, new accounts filed with Companies House show. That total is up from [...]
Huge losses continue at Haven owner as hundreds of jobs created September 24, 2025 The group behind Haven holiday parks and Warner Leisure Hotels continued to make huge losses in 2024 despite its turnover jumping by almost £100m. Bourne Leisure, which is owned by investment giant Blackstone, has reported a pre-tax loss of nearly £170m for its latest financial year, having also lost £166.5m in 2023. However, new accounts filed [...]
Rick Stein’s restaurant group serves up losses as jobs cut September 24, 2025 Rick Stein’s restaurant group served up higher losses in 2024 amid falling sales and job cuts, it has been revealed. Spread across three companies, each entity recorded a lower turnover and widening pre-tax losses for 2024 compared to 2023. The Stein Group includes twelve restaurants, a cookery school in Padstow and a meal kits business. [...]
Time for politicians to come clean about the pensions triple lock September 24, 2025 It is becoming devastatingly clear that public clear that public spending is on an unsustainable path, and while much focus is on welfare reform, we need to start saying the unsayable on the pensions triple lock too, says Simon Clarke How do you earn permission to say the unsayable in a democracy? That’s the exam [...]
Brits forced to raid savings in order to cope with financial uncertainty September 23, 2025 The strain of the cost of living crisis combined with ongoing wider economic problems has forced Brits to change both their spending and savings habits in order to remain financially stable. According to the latest survey from St James’s Place, 18 per cent of 8,000 respondents have had to dip into their savings, while 41 [...]
Economic and geopolitical tensions propels gold post Fed decision September 23, 2025 Gold will continue its meteoric rise following the Federal Reserve’s interest rate decision, a top analysts has said, as economic and geopolitical conditions keep investors opting for the safe haven asset. The precious metal hit $3,759 (£2,782.36) on Tuesday morning, as the asset surged after a slight wobble following the US central bank’s decision to [...]
Businesses face ‘unprecedented’ political risk ahead of Budget September 23, 2025 UK business leaders are battling an “unprecedented scale” of simmering global tensions which are set to impact profitability, according to a new survey. Concerns have spiked from the beginning of the year, a fresh survey from Beazley has concluded, with 85 per cent of UK business leaders saying political risk is affecting their profitability. This [...]
OECD: Taxes and tariffs to damage UK economy September 23, 2025 Higher taxes and the sting from US tariffs are set to restrain UK growth, according to forecasters at the Organisation of Economic Co-operation and Development (OECD), with inflation soaring above all other countries other than the US. The OECD’s latest update on the state of the global economy said the UK’s “tighter fiscal stance” means [...]
UK economy stalls with 50,000 job losses ahead of Autumn Budget September 23, 2025 The UK economy was hit by a “litany of worrying news” in the three months to September with thousands of jobs lost ahead of Rachel Reeves’ second Autumn Budget. The latest ‘flash’ PMI from S&P Global showed business activity expectations for the year ahead slumped to a three-month low in September as firms braced for [...]