The recent announcement on National Insurance by Chancellor Rachel Reeves is stirring significant concern among businesses.Chancellor Rachel Reeves has acknowledged the difficulty businesses will face due…
Browsing: economic challenges
The Very Group reports a significant increase in losses, indicating challenges in the retail sector.The company’s pre-tax loss expanded from £5.8m to £22.9m in recent weeks.Operating…
Amid economic challenges, Boden partners with Peak to enhance pricing strategies using AI.Boden’s modernization efforts over the past decade lead them to Peak for tech integration.Peak’s…
Recent data reveals a slowdown in overall food inflation to its lowest point since November 2021.Seafood prices remain elevated due to high import and processing costs,…
Mulberry continues to face financial challenges, reporting a significant operating loss for the first half of 2024.The British luxury brand’s operating loss reached £13.1 million, a…
The UK supermarket sector anticipates a dynamic holiday season in 2024, intertwined with economic challenges.Sainsbury’s and M&S report increased early shopper activity, reflecting strategic consumer behavior…
The Entertainer halts store expansion plans due to increased National Insurance costs, reflecting broader economic challenges for retailers.The company’s decision follows a government mandate raising employer…
In a world of economic challenges, the UK gaming industry stands as a beacon of growth, driven by regional studios beyond London.Despite downsizing and studio closures,…
Ultimate Products faces a tough financial year with declining profits and revenues.The Oldham-based homeware company reports a 6.5% drop in total revenues.International sales show resilience with…
Avison Young’s UK arm has faced a substantial downturn in 2023, experiencing significant financial losses and workforce reductions.The company’s pre-tax loss nearly doubled, exceeding £100 million,…