High street retailer Wilko has filed a notice of intent to appoint administrators – putting around 12,000 jobs at risk. The discount homeware and hardware chain said in a statement…
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Wilko: 12,000 jobs at risk as UK retail chain on brink of collapse
High street retailer Wilko has filed a notice of intent to appoint administrators – putting around 12,000 jobs at risk. The discount homeware and hardware chain said in a statement…
Read MoreBank of England hints economic pain felt by many to be a long, drawn-out affair
Higher for longer. The Bank of England may have lifted interest rates by less than a lot of people had been expecting up until recently – up by a quarter…
Read MoreDylan Mulvaney: Bud Light beer takes sales hit after backlash over ad campaign featuring transgender influencer
US sales of Bud Light have fallen and profits have dropped following a boycott of the beer brand after it made a promotional deal with a transgender influencer. Corporate results…
Read MoreNext beats forecasts again as profits to be £10m higher than expected due to greater sales
Increased sales at high street retailer Next has generated an extra £10m of profit, the company announced in a trading update. Profits are expected to reach £845m by the end…
Read MoreMost work done by women globally
Most of the work done by women around the world is unpaid, according to a new Oxfam report. The charity estimates around 65% of women’s working hours are not remunerated…
Read MoreBank of England increases interest rate for 14th time in a row to 5.25%
Thursday 3 August 2023 12:06, UK The Bank of England has increased the base interest rate from 5% to 5.25% in the 14th consecutive hike. It is the highest interest…
Read MoreBest July in three years for car registration, SMMT says
UK car sales have grown all year, despite borrowing becoming more expensive and a cost of living crisis creating difficult financial conditions for consumers. The number of new cars registered…
Read MoreTreasury takes control of pick for watchdog complaints czar
The Treasury is seizing control of the appointment of a senior figure to scrutinise complaints against the UK’s financial watchdogs amid frustration within government over regulators’ focus on promoting economic…
Read MoreSales fall at housebuilder Taylor Wimpey but prices
Profits fell by a quarter at one of the UK’s major housebuilders, as fewer purchases are going through in the current high inflation and mortgage rate environment. Fewer houses are…
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