-
Starting January 1, 2025, the average UK household will see their energy bills increase to £1,738 annually, marking a £21 rise from the previous cap. This follows a 10% increase in October, raising concerns about affordability during winter months.
-
Major retail chains are navigating a challenging landscape as some locations close while others expand. Lidl plans to open 10 new stores in the UK, while Sainsbury's is converting Homebase sites into supermarkets. Meanwhile, Starbucks is set to open a new location near the North Korean border, highlighting unique market strategies.
-
Recent financial updates from major UK retailers reveal a mixed performance. Sainsbury's reported a revenue increase, while Primark faced challenges due to weather. Domino's showed growth in sales and store openings, indicating resilience in the fast-food sector. Overall, the retail landscape remains dynamic as companies adapt to changing consumer behaviors.
-
Sainsbury's has announced it will match Aldi prices on essential items in its convenience stores, becoming the first UK supermarket to do so. This initiative aims to address price disparities that have been highlighted during the cost-of-living crisis.
-
Recent polling indicates a decline in Labour's support following a controversial budget that raised taxes significantly. Kemi Badenoch, the new Conservative leader, has gained traction, narrowing the gap with Labour. The political landscape is shifting as both parties navigate public sentiment and economic challenges.
-
Donald Trump has won the 2024 presidential election, marking a significant political shift in the U.S. His victory raises concerns about the future of democracy, international relations, and domestic policies. Analysts highlight the implications for both American and global politics as Trump resumes power amid ongoing controversies.
-
Following Donald Trump's election win, global markets reacted sharply. The FTSE 100 initially rose but closed lower amid concerns over potential tariffs and inflation. The pound fell against the dollar, reflecting investor anxiety about the UK economy's future under Trump's policies.
-
Lidl is set to kick off its first Christmas truck tour across nine UK cities from November 14 to December 1. The tour will feature giveaways, festive food, and pop-up events, coinciding with the retailer's expansion plans, including the opening of 10 new stores before Christmas.
-
The UK's unemployment rate increased to 4.3% in September, up from 4% in August, as wage growth slowed. This shift follows recent budget measures by Chancellor Rachel Reeves, including a rise in the national minimum wage and employer national insurance contributions, raising concerns about the labour market's stability.
-
Homebase has appointed administrators amid financial struggles, with The Range poised to acquire some stores. The move puts over 100 locations and thousands of jobs at risk, as the DIY retailer grapples with declining consumer confidence and significant losses in recent years.