Most retailers will hike prices in response to Reeves’ NI Budget raid January 15, 2025 Two thirds of CFOs have said their business will be forced to raise prices as a result of higher wage bills, according to a new survey. Around 70 per cent of respondents to the survey, which looked at the attitudes of CFOs at 52 retailers, were “pessimistic” or “very pessimistic” about trading conditions over the [...]
‘Budget hasn’t worked’: Reeves defends China trip as Stride says Brits ‘deserve better’ January 14, 2025 Rachel Reeves has defended her trip to China amid economic turmoil in the UK as MPs argued her Budget “hasn’t worked” and insisted: “The British people deserve better.” The Chancellor appeared in the House of Commons for the first time since last week’s bond market shock threw her public spending plans and fiscal rules into [...]
Games Workshop: Warhammer maker’s stock dips amid cost pressures January 14, 2025 FTSE 100 giant Games Workshop’s stock price dipped three per cent today after warning that rising costs could have a growing impact on its business. In the Warhammer maker’s half-yearly report, it revealed that profit before tax at the firm jumped by a third, from £95.2m in the first half of last year to £126.8m. [...]
Surging gold price helps pawnbroker Ramsdens to record profit January 14, 2025 Ramsdens has delivered a record profit thanks to the surging gold price and demand for its pawnbroking services. The retailer, which offers financial services as well as pawnbroking, told markets this morning that revenue rose 14 per cent in the year to September 30, to £95.6m from £83.8m in 2023. Gross profit rose 13 per [...]
Trouble for B&M as millions wiped off value despite huge pay day January 14, 2025 Despite reporting increased sales and a huge dividend of more than £150m, shares in B&M plunged in the aftermath of its latest trading update last week. Shares in the Liverpool-headquartered discount retailer slumped from 360p to 316p following the publication of its third quarter results. B&M’s price has hardly recovered in the days since, with [...]
JD Sports shares plunge after retailer warns on profit January 14, 2025 JD Sports shares plunged more than 12 per cent this morning after the company issued a profit warning. The FTSE 100 giant forecast full year profit before tax at between £915m and £935m, down from its previous estimate of £955m to £1.035bn. This morning, the retail giant told markets sales fell 1.5 per cent across November [...]
Persimmon: FTSE 100 builder reaps benefit of higher house prices January 14, 2025 In a trading statement covering 2024, the firm delivered a total of 10,664 homes, up seven per cent on the previous year and slightly ahead of market expectations.
Fewer firms expanded headcount following the Budget, BCC says January 14, 2025 Fewer firms increased their headcount in the final quarter of last year, a new survey showed, as businesses prepare for the impact of the national insurance hike.
Labour is squandering Britain’s lead on the AI revolution January 14, 2025 The UK is well positioned to lead the coming AI revolution, but the Labour government is doing everything it can to undermine this country’s strength in tech, says Alan Mak The UK is on the cusp of a technological revolution. AI offers a wealth of growth opportunities and Britain can be a world leader in [...]
Transform Your Finances With These 8 Habits [2024] January 13, 2025 It’s 2024, and the financial landscape is becoming ever more volatile, leaving many wondering how to navigate the turbulence and come out unscathed. With rising inflation, unpredictable markets, and a wealth of new financial innovations, having your finances in order has never been more important. But for many people, addressing these challenges can be overwhelming, [...]