The British Retail Consortium (BRC) today announced UK retail sales growth slowed in July as Government spending cuts dented consumer confidence. According to the BRC, like-for-like sales grew 0.5% in July compared with a year ago, down from 1.2% in June. However, food sales remained strong but big-ticket items were weak. Sales over the last [...]
A survey by the Confederation of British Industry (CBI) today revealed shoppers hit the High Street in July, with sales increasing at the fastest pace in more than three years. According to the CBI’s monthly distributive trades survey, supermarkets, clothes and shoe shops received the most business as sales grew at the fastest rate since [...]
The Office for National Statistics (ONS) has today announced a rise in UK retail sales for the month of June – exceeding market forecasts. According to the ONS, the value of UK retail sales grew 0.7% in June compared with May, boosted by sales of electrical goods, such as televisions for the World Cup. Excluding [...]
Brazil’s performance at the World Cup may not have been up to standard, but the country’s strong economy remains a hot favourite with investors, according to F&C Investments. The investment bank pointed out that Brazil’s benchmark Bovespa index rose 77% in 2009. However, despite the strong performance, the index has yet to recover to pre-2008 [...]
Earlier this month, the Office for National Statistics (ONS) revealed a strong performance on the High Street for the month of May – boosted by the sales of televisions in the build-up to the World Cup tournament. However, England’s early exit from the World Cup coincided with a heatwave and according to retail analysts, sales [...]
A survey by the Confederation of British Industry (CBI) today revealed a mixed June for retail sales with footwear stores hit but food and electrical retailers experienced good growth. According to the CBI’s monthly distributive trades survey, over one third of retailers reported a rise in the volume of sales during the first two weeks [...]
Brits are more likely to change their allegiance during the World Cup than to switch to a best buy bank account. Research by the Co-operative Bank found 31% of people plan to choose a new team to support if their favourite side is knocked out of the World Cup. This is compared to just 29% [...]
Figures from the Office for National Statistics (ONS) today revealed a strong performance on the High Street for the month of May – boosted by the sales of televisions in the build-up to the World Cup tournament. According to the ONS, sales volumes grew by 0.6% during the month compared with April, boosted by a [...]
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 British Retail Consortium (BRC) has today reported a rise in UK retail sales for the month of May. The Consortium said sales were boosted by the warm weather, as well a high demand for clothing. Furthermore, the forthcoming World Cup tournament boosted television sales, while non-food non-store sales surged 21.9% – the strongest performance [...]
Savings experts have warned that a new Football Bond from Nationwide is a World Cup “gimmick”. Customers who take out the bond will he paid a bonus if England wins the World Cup trophy this summer. The four-year fixed rate bond pays 4.15% (AER) gross per year. If England win the World Cup, the interest [...]
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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