Royal Mail set to hike stamp costs amid spiralling inflation and letter decline March 4, 2022 Royal Mail is set to hike stamp prices as spiralling inflation ramps up costs and letter usage continues to decline.
Construction sector back in boom mode as price increases slow March 4, 2022 After months of heavy price increases, the rapid cost hikes in the construction sector showed further signs of easing off in February, according to fresh data published this morning. Builders reported they were still facing problems in supply chains, and that prices for materials and other inputs rose in February. But the reported rise was [...]
As Russia triggers needless tragedy, we need to defend our global stability March 4, 2022 The lives lost so far in Putin’s pointless and tragic war are a terrible price for Ukraine, and innocent Russians. But the collateral damage of a land war in Europe will soon begin to spread far beyond razed Ukrainian villages and the flattened streets of Kharkiv. War costs billions every day. And the response – [...]
M&A slumps as war in Ukraine rattles dealmakers March 3, 2022 Global mergers and acquisitions (M&A) slumped 35 per cent last month as Russia’s invasion of Ukraine rattled global financial markets and caused a dealmaking boom to falter.
Used car prices continue to grow but record trend expected to stabilise March 3, 2022 The average price of a second hand car in the UK has continued to grow, reaching in February a record 31.9 per cent year-on-year and like-for-like increase. Even though it marks the 23rd consecutive record month of growth, the 0.6 per cent raise is the lowest increase registered since April 2021. According to Auto Trader’s [...]
ONS: Nearly all Brits pinched by cost of living squeeze March 3, 2022 Almost all Brits are feeling the pinch of the cost of living squeeze, causing them to cut back on spending, reveals official figures released today. Over eight in 10 households have noticed an uptick in their cost of living, up five percentage points over the last week, according to the Office for National Statistics (ONS). [...]
UK services economy surges after end of Plan B curbs despite inflation reaching record high March 3, 2022 Brits rushed back to pubs, bars and restaurants after the end of Plan B measures, boosting the UK’s services economy, but firms are raising prices at a record rate, reveals a closely watched survey released today. Activity among British services firms climbed to an eight month high, hitting 60.5 in February, according to IHS Markit’s [...]
Galliford Try swings into red after snapping up water firm as it hails ‘good progress’ March 3, 2022 Construction firm Galliford Try has dropped into the red during the first half of the year, following its acquisition of a water firm. Shares in the Uxbridge-based company were down slightly in Thursday morning trading after it reported a pre-tax loss of £2.6m. This was compared to a £3.9m profit last year. However, revenue soared [...]
Retail recovery in ‘sweet spot’ last month as cost of living could discourage shoppers March 3, 2022 High street experts were pleasantly surprised at the robustness of retail footfall last month, but have warned the cost of living crunch may soon deter shoppers. Footfall strengthened a little in February over the month as a whole, to -20.7 per cent below pre-pandemic levels, from -20.8 per cent in January, according to retail experts [...]
Cost of living crunch to intensify as firms prepare to launch price hikes March 3, 2022 Speculation inflation in the UK could breach eight per cent in April is looking even more certain as businesses prepare to hike prices to combat swelling costs, reveals a fresh survey released today. Economists’ bets on the Bank of England’s forecasts for inflation to peak at 7.25 per cent this April being undercooked are looking [...]