Economy

UK jewellery and watch sales help Richemont return to growth

Richemont has reported a 5% increase in total sales in the third quarter (Q3) of its financial year, boosted by…

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Last-minute Christmas rush boosts retail sales in December

UK retail sales continued to grow in December after consumers left their shopping until the final week before Christmas. The…

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Pound falls on Theresa May’s Brexit comments

The value of the pound has fallen to its lowest point in two months following Prime Minister Theresa May’s announcement…

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Shop prices show first sign of ‘upward trend’ in December

Shop prices have shown their “first sign of an upward trend” after deflation slowed during December. The British Retail Consortium…

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Diamond prices decline in December amid ‘India liquidity crisis’

Polished diamond prices softened in December as Indian liquidity dried up due to the government’s demonetisation policy, which eliminated 500…

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Footfall falls in November despite Black Friday sales

Retail footfall decline 1% in November compared with the same month last year, despite the popular Black Friday discounting event…

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Hallmarking falls 4.6% in November

The total number of hallmarked items fell 4.6% in November, a decrease of 57,075 pieces when compared with the same…

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Consumers set to spend ‘£1.6bn more’ this Christmas

Retail sales this December are forecast to rise by 4% year-on-year, with consumers expected to spend £42.8bn – £1.6bn more…

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SME growth threatened by ‘unpaid debts’

Over three quarters (75%) of a small and medium-sized business (SMEs) have written off unpaid debts in the past year,…

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Polished diamond prices increase in November

Polished diamond prices increased in November, despite a slowdown in trading as Indian liquidity dried up and manufacturing shut down…

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