Quiz warns over ‘tough’ sales conditions as inflation weighs on shoppers July 5, 2023 Fashion chain Quiz has posted a jump in profits for the past year but cautioned over “tough” trading conditions in recent months as shoppers come under pressure from inflation. The womenswear business said it saw a “strong recovery” over the year to March but has seen sales slide more recently. Quiz recorded a 15 per [...]
New report unveils UK firms’ self-preservation tactics July 5, 2023 In today’s ever-evolving business environment, finance directors face vast external challenges that can impact their organisation’s financial performance – from geopolitical tensions and trade block negotiations, to soaring inflation and the residual effect of the Coronavirus pandemic. With a lot to navigate, finance teams are exploring all potential routes to help strengthen the bottom line [...]
Topps Tiles stays in black as soaring costs on supplies cools July 5, 2023 Topps Tiles was on track to deliver profit in line with expectations, as it was aided by strong sales in the third quarter and an easing of supply pressures. The home supplies retailer said inflationary pressures on the cost of goods and shipping costs reduced during the period, despite overall UK inflation still sitting at [...]
London IPO market shows ‘green shoots of recovery’ after barren start to the year July 5, 2023 The amount of cash raised on the London Stock Exchange has begun to creep upwards this year as the “green shoots of recovery” begin to appear after a barren period on the market, new data shows.
Wine sector reeling as price of a bottle set to be taxed 20 per cent more July 5, 2023 Wine lovers will be taxed 20 per cent more on their favourite bottle of red or white in a month’s time, as the government steams ahead with its alcohol duty tax hikes, spelling further pain for customers and businesses. Chancellor Jeremy Hunt announced the measures as part of the Spring Budget back in March, which [...]
Britons are worst investors in Europe and have £1.8trn sitting idle in savings July 5, 2023 Britons’ are the worst investors in Europe and have around £1.8trn sitting idle in savings accounts, around the entire value of the FTSE 100, a new report released today has found.
Teachers need the help of parents to come out of this time of crisis for education July 5, 2023 Teachers are leaving the profession in droves, and those who aren't are currently on strike. The education sector needs the support of parents to exit from this time of crisis, writes Maria Taylor
FTSE 100 close: London index muted amid Wall Street shut down for 4th July as Wizz Air soars July 4, 2023 London’s FTSE 100 was muted on a quiet trading day globally due to Wall Street being shut for US Independence Day. The capital’s premier index edged 0.10 per cent lower to 7,519.73 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, added 0.14 per cent [...]
Public ‘expect’ council staff to work full five-day week, Michael Gove says July 4, 2023 Michael Gove has said people “expect” council staff to be working a full five-day week, amid a row over the government telling a local authority to cease a four-day week trial. The levelling up secretary has said he is a “strong believer” in the rule that council employees should be working Monday to Friday. It [...]
Wine sector reeling as price of a bottle set to be taxed 20 per cent more come August July 4, 2023 Wine lovers will be taxed 20 per cent more on their favourite bottle of red or white in a month’s time, as the government steams ahead with its alcohol duty tax hikes, spelling further pain for customers and businesses. Chancellor Jeremy Hunt announced the measures as part of the Spring Budget back in March, which [...]