Interest rate

ProCook revenues fall 9.9% in FY23

Kitchenware brand ProCook has revealed that total revenues fell by 9.9% to £62.3m in the year ended 2 April, with…

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How a 5% interest rate hike will affect trading

It was announced yesterday (22 June) by the Bank of England that interest rates will immediately increase from 4.5% to…

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BoE raises interest rate to 15-year high

The Bank of England (BoE) has raised interest rates for the 13th consecutive time to 5%, the highest level in…

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May records negative retail sales for the first time since 2021

May experienced negative retail sales marking the end of 26 months of positive results, dating back to March 2021, according…

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BoE raises interest rate for 12th time to 4.5%

The Bank of England (BoE) has raised interest rates for the 12th consecutive time to 4.5%, up from 4.25%. The…

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Retail M&A deals up 30% since pre-pandemic times, study finds

The number of UK M&A deals targeting retailers has increased by 30% since before the pandemic, with 34 retail M&A…

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John Lewis pension assets plunge £2.8bn

John Lewis Partnership saw the market value of its pension assets plunge by £2.8bn last year amid a set of…

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Consumer confidence improves for first time in 15 months

UK consumer confidence in the final quarter of 2022 improved by half (+0.6) a percentage point, according to the latest…

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Waterstones profits rise by £40m in FY22

Waterstones has seen its profit-before-tax rise to £42.1m in the year to April 2022, up from £2.9m the prior year…

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Dreams provides £5m cost of living support package for staff

Bed retailer Dreams has announced that it is providing support for its staff during the cost of living crisis, starting…

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