UK economy: Retail sales crash as cost of living crunch continues to bite October 20, 2023 In an ominous sign for the UK economy, retail spending fell in September with analysts warning of a tough Christmas ahead
TfL and Westminster join forces with business to lure shoppers back to The Strand October 19, 2023 A new taskforce will be set up to boost footfall to London's historic Strand district after home working trends hit retailers.
Nestle to close baby formula factory in Ireland due to falling Chinese birthrates October 19, 2023 Nestle will close down a baby formula factory in Ireland due to a falling birth rate in China, placing 560 jobs at risk.
Dunelm sales jump nine per cent rise as customers seek homeware value October 19, 2023 Homeware retailer Dunelm reported a nine per cent rise in sales during its first quarter, as shoppers continue to splash out on bedding and curtains despite the cost of living crisis. The cushions to candles provider said that total sales for the year came to £390m, thanks to demand for its autumn collection which included [...]
Onthemarket to be snapped up by Nasdaq-listed Costar in £99m deal October 19, 2023 The deal represents a significant premium of 56 per cent to Onthemarket's 70.5p share price at close on Wednesday, according to a statement on the London Stock Exchange this morning.
Hollywood Bowl defies cost of living crisis with summer boost October 19, 2023 Hollywood Bowl has powered through the summer thanks to growing customer demand and a strategy of expansion. Despite some leisure activities taking a hit during the cost of living crisis, the ten-pin bowling operator said it has been an affordable activity for many in recent months. Prices range between £10.88 and £38.48. This strong customer [...]
Deliveroo holds guidance as UK revenue rises despite global dip October 19, 2023 Online takeaway platform Deliveroo has maintained its full year guidance for the year, as the company was bolstered by demand in the UK and Ireland. According to its third quarter update, the listed delivery app, said revenues in its UK and Ireland arm grew by a steady three per cent to £297m, but internationally it [...]
Costar set to make £100m bid for Onthemarket – report October 18, 2023 Property site Onthemarket could be subject to a £100m takeover bid as early as tomorrow, according to a report.
Amazon to start drone delivery in the UK next year October 18, 2023 Amazon Prime's Air drove delivery service is set to expand into the UK in late 2024, the company confirmed today.
No-shows at pubs, restaurants and bars double October 18, 2023 Pubs, bars and restaurants have seen the number of customer no-shows double over the past year, according to new figures. About one in eight reservations is not being honoured, with customers also not telling venues they need to cancel, research by industry experts from Zonal and CGA by NIQ has revealed. It comes amid a [...]
