Motoring services drive growth for Halfords despite ‘slower than expected’ recovery November 29, 2023 Halfords made a profit during the interim period but gross profits at its retail business were hit by high inflation
If retail execs didn’t already know it, Black Friday is finally over November 29, 2023 We stole Black Friday from the US, and the Americanism is falling out of favour with Brits getting a few pennies off, writes Simon Neville
Our theories of growth are broken — ‘do good’ businesses will boost Britain November 29, 2023 We've exhausted the other options for growth, it's time to embrace a purpose-led economy, writes Andrew O'Brien.
‘A cruel blow’: Loungers boss bemoans Hunt’s lack of business rates support for larger firms November 28, 2023 The boss of Loungers has criticised chancellor Jeremy Hunt’s decision to not extend business rates relief to larger firms, describing it as a “cruel blow”. Speaking to City A.M, the chief of the casual dining chain, Nick Collins, said: “It’s going to add to the inflationary pressure, at a time when hospitality really struggled with [...]
Hawkish Bank officials warn hot labour market means ‘higher rates for longer’ November 28, 2023 Markets think that the Bank will start to unwind its historic run of interest rate rises next summer.
Government ‘does not have any spending plans’ after March 2025, OBR chief says November 28, 2023 MPs scrutinised the OBR after its latest round of forecasts.
Topps Tiles cautions over sliding sales as annual profits slump November 28, 2023 Topps Tiles cautioned over a “weakening of discretionary consumer spending” that is impacting trading so far in its new financial year, with like-for-like Topps Tiles sales down 6.1% in the first eight weeks.
Saga picks former Co-op exec as new chief in bid to turn fortunes around November 28, 2023 Over-50s specialist insurer Saga has announced that chief financial officer Mike Hazell will replace Euan Sutherland as chief executive effective immediately. Hazell was CFO at The Co-op Group before joining Saga in October and had previously been with Debenhams for almost 12 years. Mark Watkins will replace Hazell as CFO So-called claims inflation of around [...]
Food inflation falls again but business rate hikes could unravel progress November 28, 2023 Increases to business rates and the national living wage could reverse progress made to lower food inflation, experts have warned.
How to fix the Bank of England: Economists have their say November 28, 2023 A stinging report has left the Bank of England in the spotlight - again. We asked the best and brightest how to turn the Old Lady around.