Business and professional services boosts UK economic output in May May 30, 2021 The City of London’s dominant business and professional services industry put rockets under the UK’s private sector business activity in the three months to May, according to the latest CBI monthly gorwth survey. Business and professional services activity grew at a survey record pace, gorwing at a rate of 50 per cent, up from a [...]
Covid-19: Businesses could be forced to stay shut after 21 June in local lockdown scenario May 28, 2021 Businesses could be forced to stay shut after 21 June in local lockdown scenario
Nationwide customers saved a further £10.6bn over the pandemic May 21, 2021 Customer deposited increased by £10.6bn throughout the pandemic, Nationwide said today, while remote working has made its workforce ‘more productive’ in the year to 4 April. With lockdown restrictions closing high streets and putting a pin in travel, Nationwide found deposits increased by double what they increased by in 2019, as customers stashed cash into [...]
Retail sales soared in April as Brits came out of third Covid-19 lockdown May 21, 2021 Retail sales soared in April as Brits came out of third Covid-19 lockdown
Marshall Motor to repay £4m in pandemic relief, despite restrictions closing its doors May 20, 2021 Car dealer Marshall Motor is already set to repay furlough cash and retail grants it received this year amid the pandemic, following strong vehicle demand. The business said it would refund the £2.6m of furlough payments received so far this year, alongside the £1.4m of extra government relief, according to the Telegraph. “After such significant [...]
Euromoney Institutional Investor restores dividends as revenue dips May 20, 2021 B2B information provider Euromoney Institutional Investor saw subscriptions grow this year but took a hit to both its revenue and profits as social distancing foiled events. Revenue fell by 17 per cent to £155.5m from £186.3m last year, due to social distancing measures fumbling physical event plans, in the six months to 31 March. “The [...]
Mixer company Fever-Tree enjoys sales bump as lockdown drinks continue May 20, 2021 Beverage company Fever-Tree has seen a 10.1 per cent year-on-year sales bump as people continue to indulge in more alcoholic drinks throughout lockdown measures. Fever-Tree, which sells carbonated mixers, enjoyed a sales boost in the first four months of the year ending 18 April, thanks to strong levels of ‘at-home consumption’, the group said. Demand [...]
London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years May 19, 2021 London houses now average £500,000, as UK-wide prices rise at fastest rate in 14 years
Dunelm sales better than expected thanks to lockdown living space upgrades May 19, 2021 Homeware’s retailer Dunelm enjoyed a better-than-expected sales lift over the tail end of the UK’s third national lockdown, the group said today, despite only being able to trade for five weeks after the 12 April easing of restrictions. Customers were able to flock to stores in mid-April after a winter lockdown, despite the reduced trading [...]
BA boss demands US go on travel green list as Hancock warns Brits off Spain holidays May 18, 2021 BA boss demands US go on travel green list as Hancock warns Brits not to holiday in Spain and France