National Living Wage

Retail sales see weak growth in October amid pre-budget uncertainty

Total retail sales in the UK nudged up by only 0.6% in October, compared with a growth of 2.6% in…

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Budget reaction: Retail warns that higher costs will hamper investment

The retail industry has warned that increased costs following the Autumn Budget may hit businesses hard, with retailers facing higher…

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Budget: Increases to employers’ NI and minimum wage

The chancellor Rachel Reeves has increased Employers’ National Insurance contributions in a bid to help raise as much as £40bn…

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New Look pre-tax losses narrow despite fall in FY sales

New Look has reported that its pre-tax losses narrowed from £87.8m to £21.7m for the year to 30 March, despite…

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Today’s news in brief-24/9/24

Harrods has launched an internal investigation to determine if any current staff were involved in allegations of rape and sexual…

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Card Factory HY profits fall 43% amid rising wages

Card Factory has reported that adjusted profits before tax fell by 43% to £14.5m in the six-month period to 31…

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Today’s news in brief-2/7/24

Shop price inflation in the UK saw a significant slowdown in June, dropping to 0.2% from 0.6% in May, marking…

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Shoe Zone posts profit warning amid continued cost pressures

Shoe Zone has reported that it now expects adjusted profits before tax to be “no less than” £10m for the…

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Disposable income for low-earning households hits 3-year high, Asda finds

Disposable income for low-earning households hit a near three-year high in May, following a 12.6% increase year-on-year, Asda’s income tracker…

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Today’s news in brief-21/5/24

Zuber Issa is poised to acquire the UK arm of EG Group, a move indicating the Issa brothers’ business paths…

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