Is confidence returning despite recession chatter? This index suggests it just might be April 11, 2023 The worst of the UK’s economic downturn could soon be over, with companies reporting supply chain cost increases are beginning to slow down. Figures published by BDO found that business confidence rose in March in reaction to a 2.19 percent ease in the advisory firm’s inflation index rate from 113.18 in February to 110.99 in March. Tumbling [...]
Gender pension gap: Women trail men by thousands – and the gap could widen April 11, 2023 Women’s pensions are on average £17,014 smaller than their male counterparts, per a new study by pensions consultants TPT. The research found that among those who knew how much they had put aside, the average man in his 50s would retire with far more money than a female counterpart. Women workers, by contrast, fear that [...]
Tesco share price: Analysts watch grocer’s market share April 9, 2023 Tesco is expected to reveal a dip in profits for the past year as the supermarket group grappled with rampant food and drink inflation. The UK’s largest retailer will update investors and analysts over its financial performance for the year to February in an update on Thursday April 13. A consensus of analysts has said [...]
All eyes on Tesco as UK’s biggest supermarket to say profit down £2.8bn – but what do shareholders want next? April 7, 2023 Tesco is expected to reveal a dip in profits for the past year as the supermarket group grappled with rampant food and drink inflation. The UK’s largest retailer will update investors and analysts over its financial performance for the year to February in an update on Thursday April 13. A consensus of analysts has said [...]
The six common crypto myths debunked over the last year April 6, 2023 Temple Melville of Scotcoin picks apart a string of crypto myths that have plagued the industry over a tumultuous year.
Over half of businesses confident turnover will rise in the next year despite current stagnant sales April 4, 2023 Most firms have seen no boost to sales this quarter despite rising levels of confidence, a key economic report has revealed, as inflation remains the key concern for business. The British Chamber of Commerce’s (BCC) quarterly economic survey (QES) found in spite of rising optimism, only a third of firms saw sales increase in the [...]
‘Worse than the pandemic’: Pub bodies warn of closures as energy bills relief scheme ends April 4, 2023 Hospitality bodies have warned that business failure is worse now than it was during the pandemic as the sector braces itself for the first month of trading following the end of the government’s energy bill relief scheme. “We’re seeing an acceleration of business failure which is now worse than the pandemic,” Emma McClarkin, chief executive [...]
Recession fears see Brits stock up on own-brand kitchen staples April 3, 2023 THE COST of living crisis is beginning to be felt in the pockets of ordinary punters – with more than one in three turning towards own brand products to keep the kitchen cupboard stocked. New research from KPMG suggests more than half of UK consumers have reduced ‘non-essential’ spending amid recession fears, with eating out top of [...]
The New Reason People Don’t Want To Come Back To The Office April 3, 2023 More than a third of UK workers would quit their current role if their employer demanded they return to the office full time. That’s according to recent data which found that 32% would move to a different industry, 19% would take a pay cut, and 30% would adopt a new career in order to continue [...]
UK narrowly avoids recession as penny pinching Brits help GDP grow 0.1 per cent March 31, 2023 The UK was not formally in a dreaded recession between October and December, with UK GDP increasing slightly by 0.1 per cent in the fourth quarter of 2022. Latest figures from the Office for National Statistics show the total Gross Domestic Product (GDP) for the economy marginally improved from an initial estimate of “no growth”. [...]