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cost of living crisis

  • Nestle: Kit Kat and Nescafe maker’s sales below par as inflation hits demand

    February 22, 2024

    Nestle, the Kit Kat and Nescafe coffee maker, reported lower than expected sales for the full year, as high inflation continued to impact customer demand. 

  • Angling Direct reels in revenue despite choppy retail environment

    February 21, 2024

    Specialist fishing tackle and equipment retailer Angling Direct has continued to make profit despite disruptions from storms and an economic downturn.  In an update, the publicly listed firm said revenue grew 10.2 per cent to £81.7m in the full year to January 2024.  UK sales were also hiked nine per cent to £77m, as the [...]

  • Pawnbroker H&T snaps up Essex firm as recession drives Brits to borrowing

    February 21, 2024

    Pawnbroker H&T has snapped up a rival firm in Essex for £11.3m, as the business continues to profit from cash strapped Brits amid an economic squeeze. 

  • UK’s largest nightclub operator Rekom owed over £120m as it collapsed into administration and cut 470 jobs

    February 19, 2024

    The UK's largest nightclub operator owed more than £120m as it collapsed into administration and cut almost 500 jobs before a rescue deal was agreed.

  • Cost of love: Brits opt to dine in and scale back as flower prices soar this Valentine’s Day

    February 14, 2024

    The price of a bouquet of roses has shot up around four per cent if you look at Wednesday’s inflation reading. 

  • A mystery: One of Brick Lane’s iconic beigel shops has shut – and nobody knows why

    February 14, 2024

    One of two Brick Lane beigel shops - which have provoked heated debate amongst Londoners for decades - is shut, and nobody quite knows why.

  • The Body Shop: Why the high street icon is facing administration and what the future holds

    February 12, 2024

    Why The Body Shop, an icon of the British high street, is facing an uncertain future as it prepares to enter administration.

  • Pieminister serves up just £1,000 profit after absorbing costs to keep menu prices down

    February 6, 2024

    Pieminister made a pre-tax profit of just £1,000 during its latest financial year after absorbing rising costs in a bid to keep menu prices down as much as possible.

  • Brits stayed at home to watch The Traitors during Dry January in blow for pubs

    February 6, 2024

    Restaurants were hit harder with spending declining 11.6 per cent widening from 8.8 per cent on a month on month basis. 

  • Kylie Jenner Instagram post helps drive sales at Kurt Geiger as fans buy ‘affordable’ £270 bag

    February 5, 2024

    Billionaire Jenner, who has 400 million followers on Instagram, posted an image of herself posing with a £270 handbag made by the brand

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