Economy

UK retail sector M&A deals increase 21% on last year

The number of M&A deals targeting UK retailers has increased by 21% in the last year, up from 28 transactions…

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Footfall recovers in August despite cost of living crisis

Footfall has strengthened across UK retail destinations in August 2022 to -13.2% below 2019 compared with -14.2% in July 2022,…

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Energy price cap to rise by 80% to £3,549 from October

Ofgem has confirmed that the energy price cap will increase by 80% to a record £3,549 a year for dual…

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Brits to have more considered Christmas as inflation bites, says eBay

The impact of inflation means consumers will be prioritising value for money and thoughtful gifting this festive season, according to…

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Heatwave helps boost retail sales 2.3% in July

Retail sales increased 2.3% in July as the heatwave experienced across the UK helped boost demand for “hot weather essentials”,…

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UK recession can be averted, claims Truss

In an interview with Sky News’s Kay Burley last night (4 August), foreign secretary Liz Truss claimed she could avert…

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Footfall declines in July as north-south divide grows

Footfall weakened in July to -14.2% below 2019 from -12.3% in June 2022 with the month’s performance also highlighting the…

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BoE hikes rates to 1.75%, warns UK to enter recession until 2024

The Bank of England (BoE) has raised interest rates from 1.25% to 1.75%, marking the biggest rise in rates since…

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Jewellers voice concern over rate of inflation

Jewellery retailers have expressed concern over the latest Consumer Price Index (CPI) figures which show headline inflation at 9.1%. Jewellers…

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Almost half of businesses hit with price increases

Approximately half (48%) of businesses currently trading have reported that the prices of materials, goods, or services bought in April…

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