Independent department store Fenwick has reported substantial financial losses, citing challenging economic conditions.Fenwick experienced a pre-tax loss of £28.4 million, contrasting sharply with a previous year’s…
Browsing: cost-of-living crisis
A recent survey highlights the persistent impact of the cost of living crisis on UK workers.The data reveals that 23% of UK adults experience financial hardship…
Mondelēz International, owner of Cadbury, faced a significant decline in its UK profits in 2023, despite an increase in sales.Pre-tax profits for Mondelēz UK dropped by…
In 2023, Mondelēz UK’s profits declined significantly, even as sales increased.The confectionery giant, responsible for brands like Cadbury and Oreo, saw pre-tax profits decrease by 33%…
Lakeland is grappling with substantial economic challenges that have impacted its financial results.Pre-tax losses increased from over £1.1 million to nearly £2 million, highlighting fiscal strain.Sales…
The UK branch of renowned fashion brand Bottega Veneta has returned to profitability in 2023, showcasing resilience in a challenging economic climate.Despite a notable decrease in…
The recent discourse from Sainsbury’s CEO highlights consumer reluctance amid the cost-of-living crisis, calling for budgetary reforms to boost spending.Despite falling inflation, consumers remain cautious, particularly…
UK employers are significantly underestimating the financial struggles of their workers amid the cost-of-living crisis, as revealed by a recent study.Only 40% of workers feel supported…
Recent data reveals the widespread occurrence of ghosting in the hiring process, affecting employers significantly.A survey by Indeed finds 86% of UK jobseekers have failed to…
Iceland’s innovative Food Club loan scheme has significantly impacted over 23,000 families since its launch.The scheme offers interest-free microloans ranging from £25 to £100, assisting financially…