Interest Rates

BoE decision a ‘blow for Gen Z spending’, says RSM UK

The economic impact of high interest rates is set to hit Gen Z spending for the next 12 months, “prolonging…

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UK retail sales jump 2.9% in May

UK retail sales volumes rose by 2.9% in May 2024, following a fall of 1.8% in April 2024, according to…

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BoE holds interest rates for 7th consecutive month

Interest rates have remained unchanged at 5.25% for the seventh consecutive month, the Bank of England has announced. The bank’s MPC…

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Today’s news in brief-12/6/24

The UK economy stalled in April 2024, showing no growth after a 0.4% increase in March, as wet weather significantly…

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How to know when your retail company is ready for outside investment

In today’s retail market, acquisition has become a common strategy for growth, expansion, and exit. For retailers, understanding when their…

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Mothercare enters refinancing talks amid sales decline

Mothercare is exploring its refinancing options after sales fell by 13% to £281m in the year ended 30 March 2024,…

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Retail sales fall 4% in April

UK total retail sales decreased by 4% YOY in April, against a growth of 5.1% in April 2023, according to…

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Number of retailers going insolvent jumps to 2,195, says Mazars

The number of insolvencies of retailers increased 19% in the past year to 2,195 in 2023/24, up from 1,843 in…

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H&M H1 profits beat expectations despite sales dip

H&M has revealed that its operating profit increased to SEK2.077bn (£155m), up from SEK725m (£54m) despite net sales decreasing to…

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Today’s news in brief-5/3/24

According to the British Retail Consortium (BRC), total retail sales rose by 1.1% in February year-on-year, attributed partly to February…

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