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It has been reported that the Confederation of British Industries (CBI) expects the UK’s economic growth to rise by 2.7% this year instead of its predicted 2.5% in November.This comes as oil prices have dropped which has helped lower companies’ operating expenses whilst wages grow..CBE deputy director-general Katja Hall said:...
Takeover talks between William Hill and 888 Holdings have ended after the online betting platform rejected an offer from the UK’s biggest bookmaker.Talks had been ongoing since February 10th, but have now been terminated after a “significant difference of opinion on value with a key stakeholder”.Brian Mattingley, CEO of 888...
The Japanese economy came out of recession in the fourth quarter of last year, according to preliminary reports. Although growth in the world’s third largest economy was slower than expected, the data shows that exports helped to push the recovery, accounting for approximately half of the total expansion.Exports rose 2.7%...
In a report produced by PricewaterhouseCoopers, China are said to become the world’s biggest retail market by 2018, overtaking the US. Despite sales falling from 15.6% in 2009, Chinese sales are still expected to have an average volume growth of 8.7%. PwC has also said that overall retail sales in the...
The latest figures from the British Retail Consortium have indicated that footfall in January was 1.2% lower than 2014, with shopping centres having the biggest decline, falling 2.8% and high street footfall falling 1.6%. However with a 1.5% increase year-on-year, out-of-town locations came out the best.In a statement, Helen Dickinson,...
The governor of the Bank of England, Mark Carney, has said falling oil prices could temporarily turn inflation in the UK negative in the spring.While launching the Bank's inflation report, Mark Carney added that this did not mean the economy had entered deflation as prices were likely to rebound around...
Ebay UK is selling 12,623 items from Disney film Frozen each day.It’s been over a year since the blockbuster hit the box office, but the Frozen franchise is still selling like hot cakes online.According to the online marketplace, merchandise based on the Disney smash-hit is the most popular children’s toy...
Outerwear retailer Superdry, whose clothing range suffered due to the unseasonably mild weather, has announced the immediate departure of its chief operating officer Susanne Given.Ex-boss of the Co-operative Group, Euan Sutherland, will take over as chief executive as he succeeded Julian Dunkerton, who founded the company 30 years ago.It has...
Sweaty Betty the activewear brand for women has received growth investment from Catterton, the US private equity company, to support the company’s growth in other markets such as the US.Tamara and Simon Hill-Norton, who founded Sweaty Betty, run 40 stores in the UK which include concessions in Harrods and Selfridges...
Travel firm TUI has promoted Jill Carter from head of retail sales to the new role of director of retail.She will now lead the transformation of TUI’s 649 shops in the UK and Ireland and will report to customer operations director, Fraser Ellacott.Fraser Ellacott said: "We are committed to developing...
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