Boots Takeover in Jeopardy Amid Financial Challenges
Concerns are growing that Boots' takeover may collapse due to rising cost-of-living impacts on prospective buyers and lenders. Apollo...
inflation
Tesco Sales Decline Amid Inflation Impact on Customer Behavior
Tesco's UK sales dropped 1.5% in Q1 due to changing customer behavior amidst inflation, but profit guidance remains unchanged....
BoE Increases Interest Rates to 1.25% Amid Inflation Concerns and Economic Uncertainty
The Bank of England's Monetary Policy Committee has raised interest rates for the fifth consecutive time to 1.25%, as...
Asos Warns of Lower Profits Amid Higher Returns and Inflation Impact
Asos warns of lower profits this year due to uncertain consumer behavior and higher return rates, with revenue growth...
Inflation Strains Supermarkets’ Relations with Suppliers
In a recent survey by the Groceries Code Adjudicator (GCA), it's revealed that inflation and rising costs have strained...
Supermarkets Warn of Price Hike with Imperial Measurements Return
In a surprising move, the British Retail Consortium warns Prime Minister Boris Johnson that reintroducing imperial measurements could worsen...
Wickes Reports Sales Dip Amidst Record Order Books and Inflation Impact
Wickes reports a 0.6% drop in like-for-like sales for the first half of the year but highlights strong growth...
Barclay Family Revives Very Group IPO Plans Amid Economic Uncertainty
In a surprising turn of events, the Barclay family plans to revive their plans for floating the Very Group...
UK Consumer Confidence Hits Record Low Amid Inflation and Unemployment
UK consumer confidence hits record low as inflation and unemployment rise, according to GfK's Consumer Confidence Index. The index...
Hotter Shoes Drives Unbound Group’s Q1 Growth Amid Challenging Market Conditions
In the first quarter, Hotter Shoes, owned by The Unbound Group, reported a double-digit increase in revenue and improved...