Aldi Commits to Lowest Prices Amid Rising Costs and Expansion Plans
Aldi, the budget supermarket retailer, promises to maintain the lowest grocery prices in the UK amid soaring living costs,...
Monthly Archives: September 2022
LXi REIT Abandons Deal to Buy Sainsbury’s Stores, Purchase Still Expected to Proceed
In a surprising turn of events, property investor LXi REIT has decided to back out from a deal to...
Made.com Considers Workforce Reduction and Sale Amid Market Challenges
Made.com is reportedly planning to cut over a third of its workforce and explore a potential sale as it...
The Works Reports Significant Revenue Growth and Profit Increase in FY22
In FY22, The Works reported strong financial results with a total revenue of £264.6m, a 46.5% increase from the...
UK Chancellor Announces Tax Cuts and Energy Support Package in Mini-Budget
Chancellor Kwasi Kwarteng unveiled a £60bn energy support package and tax cuts in his first mini-budget today, aiming for...
Revolution Beauty Undergoes Audit Investigation Amidst Serious Concerns and Suspended Trading
Revolution Beauty faces an audit investigation after failing to complete it on time, causing trading in its shares to...
Lidl Becomes Highest Paying Supermarket with Hourly Rate Increase
Lidl GB is set to increase hourly pay rates for store and warehouse staff next week, investing £39.5 million...
UK Consumer Confidence Hits Record Low Amid Cost of Living Crisis
UK consumer confidence hits record low of -49% in September due to cost-of-living crisis, according to GfK research. Four...
BoE Raises Interest Rates to 2.25%, Seventh Consecutive Hike Amid Record Inflation
Today, the Bank of England announced a 0.5% increase in interest rates, bringing them up to 2.25%. This is...
JD Sports Reports Drop in H1 Profits Amid Economic Uncertainty and Supply Chain Disruptions
JD Sports reports a 12% drop in pre-tax profits and exceptional items, reaching £383.5m due to macroeconomic uncertainty and...