UK retail sales rose by 0.2 per cent in June, over the previous month, helped by department store discounts and promotions. According to the Office for National Statistics (ONS) the figure meant sales were up 2.2 per cent compared with June... Read More
UK consumers have been forced to change their usual shopping habits as a result of the recession. Luxuries have had to be cut back on, budgets now have to be stuck to rigidly and, perhaps most significantly, the “big weekly shop” has become something of a... Read More
BRC calls for end to spat with high street The bosses of a number of the UK’s biggest e-retailers have joined forces to oppose proposals to introduce an online sales tax. In a letter to the chancellor they describe the suggestion as ‘nonsense’ and... Read More
Sports Direct has become something of an unstoppable force in the UK, with majority shareholder Mike Ashley steadily building an empire on the bones of collapsed rival chains such as JJB Sports. It is hardly surprising, then, that the past year has proven to... Read More
The London Olympics appear to have had positive impact on the British economy, with sports chains such as Halfords and Sports Direct reporting massive boosts to profit in the last financial year as a result of the Games. Yet it appears that more than just the... Read More
The surge of new developments in London shows no sign of subsiding after Mayor Boris Johnson gave his approval to yet another scheme on the South Bank. The latest development to get the green light is between Waterloo Bridge and the London Eye and will... Read More
While no retailers can be said to have coasted through the recession unscathed, Mothercare suffered particularly at the hands of the economic downturn. Online competition from e-tailers such as Amazon and the ever-expanding market for baby clothing from... Read More
Office take-up in Leeds has soared this year with the city recording record results, according to The Leeds Office Agents' Forum (LOAF). During the second quarter of this year, 23 offices were filled in the city, taking up 203,145 sq ft of office... Read More
Wells Fargo, the fourth-largest bank in the United States and its largest mortgage provider, has achieved Q2 earnings of $5.52 billion, representing an increase of 20 percent over the previous quarter. The bank has now decided to use some of this... Read More
During the course of the past months, there have been a number of indicators that the economic situation is slowly improving. Business confidence has once more reached highs not seen since before the recession, consumer confidence is rising and the commercial... Read More
