Interest Rates

Retail sector accounted for 16% of UK administrations in 2023, study finds

The retail sector accounted for 16% of administrations in the first six months of 2023 – the highest industry in…

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BoE raises interest rates to 5.25%

The Bank of England (BoE) has raised interest rates for the 14th consecutive time to 5.25% in a bid to…

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July footfall drops for the first time since 2009

Footfall across UK retail destinations declined by -0.3% over the month from June to July 2023, marking the first time…

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ScS full-year profits to meet market expectations

ScS has said it expects to report that full year profits will be in line with market expectations, as the…

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UK retail M&A deals increase to a five-year high

The number of M&A deals targeting UK retailers has increased 23% over the last year, from 31 deals in the…

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Consumer confidence falls in July

Consumer confidence index dropped six points in July to -30 as “reality bites” resilient consumers amid rising inflation and interest…

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June footfall sees highest increase since 2009

High inflation and rising interest rates did not impact consumer activity across UK retail destinations last month, according to Springboard,…

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Currys axes dividend as full-year profits slump

Currys has scrapped its dividend after revealing both profits and sales fell in its full-year results, with the group hit…

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Supermarket leaders to be questioned over rising prices

Supermarket leaders are set to be questioned by MPs this week regarding claims they could be profiteering from rising food…

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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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