Next: Prices to rise in the spring – but boss hopeful inflation will ease in second half January 5, 2023 Next has warned it will lift prices further in the spring as the retailer’s chief said he was optimistic that inflation would let up in the second-half of the year. The fashion firm hiked its full-year profit guidance after seeing better than expected sales over the Christmas shopping period. The high street staple lifted its [...]
B&M: Bargains boost sales during ‘golden quarter’ – but will shares continue to rally? January 5, 2023 Bargain hunters gave discount retailer B&M a timely Christmas present as it looks to continue a share price rally that has seen its value jump 18 per cent in the last six months. In its third quarter trading update B&M reported 12.3 per cent year-on-year revenue growth of £1.5bn during the 13 week period 25 [...]
Warning of Lemsip, cough and cold medicine shortage as Brits battle winter flu January 4, 2023 Brits are struggling to get hold of cough and cold medicine as a nasty strain of flu sweeps the nation. It has been reported that there is a shortage of medicines such as throat lozenges, cough mixtures, Lemsip powders and pain killers. This comes after the UK Health and Security Agency issued a warning about [...]
Amazon Prime, Spotify set to be worst hit by Brits cancelling subscriptions January 4, 2023 British households are cancelling online subscriptions as the cost of living soars, with Amazon Prime and Spotify among the most-searched subscriptions to be cancelled, according to a new study. According to a new study by VPN Online, Brits are increasingly cancelling their streaming subscriptions to save money amid sky-high inflation. In 2022, the average Brit [...]
Sainsbury’s boosts pay as part of £205m inflation package January 4, 2023 Sainsbury’s is investing £185m in pay bumps for staff as the supermarket looks to retain staff during a period of high inflation and rising cost of living. Pay will increase to £11 per hour for retail staff, with London workers paid £11.95. It represents a 10 per cent pay hike over the past year when [...]
Osborne set to OK loan of Elgin Marbles to Greece: reports January 4, 2023 The so-called Elgin Marbles could soon be returned to Greece as the British Museum reportedly closes in on a landmark deal. George Osborne, chairman of the British Museum and former Tory chancellor, is understood to have drawn up an agreement with Athens as part of a “cultural exchange”, according to The Daily Telegraph. It comes [...]
Waitrose stops selling single-use vapes January 3, 2023 Waitrose has stopped selling single-use vapes due to concerns about the negative impacts on the environment and young people’s health. “While we have robust controls under our Challenge 25 Policy, we are concerned about the risk these products pose by appealing to younger people – as well the environmental impact,” the supermarket said in a [...]
Aldi posts record December sales of £1.4bn after Christmas and World Cup surge January 3, 2023 Aldi today said it had achieved record December sales of more than £1.4bn following a surge in demand over the winter month, as the Christmas period coincided with the World Cup in Qatar. The budget supermarket said its sales increased 26 per cent during December, despite the UK’s cost-of-living crisis, due to surging demand for meats, cheeses [...]
Bowl food buffet: Poke House looks to raise almost £50m for expansion January 3, 2023 The boss of restaurant chain Poke House said it is planning to launch a funding round worth up to 50 million euros (£44 million) as the business continues to eye up opportunities to grow. Matteo Pichi, the group’s chief executive and co-founder, told the PA news agency he wants the chain to remain a global [...]
Dry January: Pub bosses call on Brits to do their duty and get down the local – even if it’s for non-alcoholic beers January 3, 2023 Publicans have issued a rallying cry for punters to continue to back their local boozer this month as the industry battles an economic downturn – despite the growing trend for a ‘dry January‘ month off the sauce. The sector has struggled with sky-high energy bills all while consumers’ feel the pinch of household bills increasing [...]
