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As of January 2026, the FTSE 100 has surpassed the 10,000 mark for the first time, capping a 21.5% gain in 2025 driven by mining, defence, and financial sectors. This milestone comes amid ongoing political upheaval in Venezuela following the US capture of President Nicolás Maduro, which has spurred investor interest in Venezuelan debt and defence stocks, while oil prices remain pressured.
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Rising use of GLP-1 weight-loss drugs is impacting UK food sales, with retailers noting increased demand for healthier options and smaller portions. Major chains like Tesco, Sainsbury's, Greggs, and M&S are adapting to changing consumer habits driven by these medications, which influence eating patterns and preferences.
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New research shows nearly 20% of 25-34-year-olds in the UK are opting for non-traditional Christmas foods like curry, pasta, and pizza over turkey. The trend reflects changing holiday preferences, with fewer people planning to serve turkey and more experimenting with alternative dishes and decorations.
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Recent reports highlight a rising youth unemployment and health-related work inactivity crisis in the UK. Over 2.8 million people are inactive due to health issues, costing the economy billions. Experts call for a shared responsibility approach among employers, government, and workers to address long-term sickness and improve workforce participation.
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Retailers in the UK are cautious ahead of the November 26 Budget, fearing tax hikes and economic uncertainty. Industry leaders warn that upcoming fiscal policies could slow consumer spending, with recent cost increases already impacting profits and prices. Meanwhile, supply chain pressures and inflation persist across sectors.
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UK food prices for Christmas are up 5% overall, with some items rising sharply. Supermarkets are countering inflation with increased promotions, especially Aldi and Lidl, offering a full festive meal for less than £12 for eight people. Despite inflation, some prices, like potatoes and Yorkshire puddings, have fallen.
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Next reports a 5.9% rise in UK full-price sales for the nine weeks to December 27, with overseas sales up 38.3%. It now expects profits to reach a31.15bn for the year, but warns of slower growth in 2026-27 due to economic pressures and rising unemployment.
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Tesco's UK and Ireland like-for-like sales rose 3.3% over the six weeks to January 3, driven by growth in fresh food and its Finest range. Despite market share gains, shares fell 6% as sales growth missed expectations amid fierce sector competition.