The John Lewis Partnership, which is regarded as a barometer of British retailing, today reported weaker sales, fuelling fears about consumer spending. The renowned employee-owned chain said sales in the week to 28 May fell 0.8% to £55 million. The company has bucked the trend when it comes to retail sales over the last few [...]
The John Lewis Partnership, which is regarded as a barometer of British retailing, today reported a further fall in weekly sales. The renowned employee-owned chain said department store sales grew 1.4% to £49.8 million in the week to 12 February – it represented the fourth consecutive week of slow sales following the VAT hike on [...]
The slowdown in consumer spending looks set to continue after the John Lewis Partnership, which is regarded as a barometer of British retailing, reported a further fall in weekly sales. The renowned employee-owned chain said department store sales fell 0.9% o £49.5 million in the week to 29 January. In the week to 22 January, [...]
The John Lewis Partnership, which is regarded as a barometer of British retailing, said sales rose sharply last week as Christmas shoppers took to the High Street. The renowned employee-owned department store said sales at its 28 department stores grew 11.5% to £77 million in the week to 13 November, compared with the same period [...]
The John Lewis Partnership, which is regarded as a barometer of British retailing, today announced that sales grew 11.7% to £56.5 million in the week to 18 September, compared with the same period a year ago. The renowned employee-owned department store said trade had been boosted by a strong increase in fashion sales. However, sales [...]
The John Lewis Partnership, which is regarded as a barometer of British retailing, today announced that sales grew 20.6% to £54 million in the week to 5 June, compared with the same period a year ago. The renowned employee-owned department store said the build-up to the World Cup tournament (which starts today) boosted sales. The [...]
The John Lewis Partnership, which is regarded as a barometer of British retailing, today announced that sales grew 17.7% to £55.1 million in the week to 8 May, compared with the same period a year ago. The renowned employee-owned department store said colder weather has not deterred shoppers and the firm will continue to outperform [...]
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced that sales grew 10% in the week to 10 April, compared with the same period a year ago. The renowned employee-owned department store said customers are still spending despite the uncertainty over next months’ election. The firm has been outperforming [...]
Chipmaker Intel has reported record results for the first three months of 2010, boosted by demand for new chips for computer servers. The company, which is based in Santa Clara, California, said profits quarter one profits increased almost fourfold with net income totalling $2.4 billion (£1.5 billion), compared with $629 million in the same period [...]
The John Lewis Partnership, which is seen as a barometer of British retailing, today announced sales grew 14.8% to £50.4 million in the week to 27 February compared with the same period a year ago. The figures at the renowned employee-owned department store suggest consumer spending recovered in February since it was the seventh consecutive [...]
Capital Shopping Centres (CSC), which has stakes in 14 regional shopping centres including the Manchester Arndale, Lakeside in Essex and the Gateshead MetroCentre, said despite the snowfall over the weekend, retailers experienced their busiest weekend of the year. Figures show that shoppers braved the weather after figures revealed that over seven million people have visited [...]
The John Lewis Partnership, which is seen as a barometer of British retailing, has experienced its biggest ever weekly sales figures despite the recession. In the week to December 5, the chain reported sales of £102.4 million – up 13.8% on the same week a year earlier and nearly £1 million more than the previous [...]
The John Lewis Partnership, which is seen as a barometer of British retailing, said that in the week to November 14, takings were up 17% on the same period a year ago. However, while the figures compare with a period of financial turmoil, they are also ahead of 2007 levels by half a million pounds. [...]
General Electric (GE) has revealed a poor performance between the July and September period as the US conglomerate’s finance arm was hit hard by the economic downturn. The group, which is seen as barometer of US economic health, reported earnings of $2.5 billion (£1.5 billion) for the quarter, compared with $4.3 billion in the same [...]
The Construction Products Association (CPA) and Ernst & Young, which jointly produce a quarterly barometer of the construction sector, have reported that the number of homes being built in the UK has fallen to its lowest level since 1924. Housing developers hit by plummeting sales have been mothballing new projects and so far this year [...]
M&S Money launches 3% cash ISA
M&S Money has launched an Advantage Cash ISA paying 3 per cent, and which allows transfers in from other ISAs. It can be opened with a minimum deposit of £100 lump sum followed by minimum monthly deposits of £25. The 3% rate is variable, but there is no short-term bonus so the return won’t plummet [...]
Google suspends UK Compare Mortgages site
Google has closed its UK mortgage comparison site which it launched in July last year, after it proved to be less popular than expected. Mortgage comparison sites are designed to allow visitors to compare mortgages quickly and easily without having to visit each lender’s individual site. Google was competing with several well-established comparison sites, including [...]
AA launches ‘black-box’ policy for young drivers
The AA is launching an innovative car insurance policy called Drivesafe which could help younger drivers save up to £850 a year. Younger drivers already pay substantially higher premiums than other motorists and these costs are increasing. A new study by Confused.com suggests insurance costs for younger driver have gone up by 5.7 per cent [...]
ATOL scheme updated to protect online bookers
ATOL, a financial protection scheme managed by the Civil Aviation Authority, is being extended to protect up to six million more holidays a year. The scheme ensures that holiday makers do not lose out financially if a travel company collapses, and that they are not stranded abroad. An increase in the number of holidays booked [...]
Home repossessions lowest for four years
The number of UK homes repossessed fell to 36,200 in 2011, significantly below the Council of Mortgage Lenders’ forecast of 40,000, and lower than 2010 when 37,100 homes were repossessed. With interest rates remaining low and lenders adopting a sympathetic attitude to customers in financial difficulty, repossessions fell to their lowest level since 2007. However, [...]
Monthly pay lasting just 17 days
Workers are running out of money just 17 days after receiving their monthly pay, according to new research by the Halifax bank. This means that the average UK worker spends half the month worrying about money. The study, based on the responses of more than 2,000 adults, found that 10 per cent of workers start [...]
Women disadvantaged by auto-enrolment changes
Government proposals to increase the auto-enrolment threshold to £10,000 could put 1.8 million women at risk of missing out on a pension, the TUC has warned. Under the auto-enrolment scheme, which will be phased in from October, private sector employers will automatically enrol workers between the age of 22 years and the state pension age, [...]
Emergency household repairs company Homeserve is taking longer than expected to get back on track after its operations were suspended last October. The company expected customer numbers to fall by 5% this year but it has increased this estimate to 8% and announced the loss of 200 jobs. It estimates that renewal revenue in 2013 [...]
Sale rumoured for Yorkshire and Clydesdale banks
There is growing speculation that National Australia Bank (NAB) may sell Yorkshire Bank and Clydesdale Bank after the Australian parent company announced a strategic review of the two banks’ operations. The Australian economy is performing well and NAB reported strong profits for the final quarter of 2011 but with the UK economy at a virtual [...]
More women experiencing debt difficulties
Women in Debt, which offers female-focused debt advice, has warned that the number of UK women facing serious debt has grown significantly over recent years. The organisation believes that more women will need advice on solving debt problems in the future because they are building up an unsustainable level of indebtedness. Women in Debt’s director, [...]
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