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Consumers may end up paying for this Christmas well into 2023 by repaying the minimum monthly amount on their credit cards. As Christmas rapidly approaches, many people may use their credit card to fund their festive spending. However, Moneysupermarket.com’s figures show that people with a £500 balance on a credit card with an 18.12 per [...]
(Read More)11th Mar 11
Boom in online shopping
by Katie Naylor
Business figures have revealed that online shopping is becoming increasingly popular, with consumers opting to pay for goods with cards rather than spend their cash in the high street shops. The UK Payments Council has reported that debit card payments exceeded cash payments by £22bn in 2010, which represented a yearly growth rate of 9.4%. [...]
(Read More)4th Mar 11
Winter airport fines shelved
by Natasha Redman
The fines imposed on Britain’s major airports over the winter period have been put on hold. The penalties – part of a bill included in the Queen’s speech – were heaped on Heathrow, Gatwick and Stansted airports for the poor way in which they handled the recent snow and ice. The three airports – particularly [...]
(Read More)2nd Mar 11
HMV admits trading conditions remain tough
by Sally Davies
Struggling gaming and music retailer HMV has said that it expects trading conditions to remain tough as it prepares to announce its full year results. The company is also in talks with lenders over renegotiation of terms. The final results are due next month, but the company said in a trading update that profits are [...]
(Read More)18th Feb 11
Brothers found guilty of Lapland theme park dishonesty
by Sally Davies
The Mears brothers face jail for misleading the public with claims about the prospects for their theme park. Brothers Henry and Victor Mears today are facing the prospect of jail time after having been found guilty of having mislead the public with far-fetched claims about a Christmas theme park. Nearly 10,000 people had booked tickets [...]
(Read More)1st Feb 11
HMV begins outlet cull
by Sally Davies
Following the announcement at the beginning of January that it intends to close 40 outlets, HMV shut nine stores at the weekend. The retailer also said it would be shutting 20 branches of Waterstone’s. The decision was made after profit forecasts were slashed following disappointing activity over the usually busy Christmas period. The closures have [...]
(Read More)12th Jan 11
Marks & Spencer announces increase in sales
by Natasha Redman
Marks & Spencer, often seen as the benchmark for trading conditions on the high street, has announced positive figures for sales over the Christmas period. However, it admitted that the wintry weather which kept shoppers away in the run-up had left a hole of around £55 million. The retailer announced that over the 13 weeks [...]
(Read More)12th Jan 11
Grocers celebrate boost in festive sales
by Paul Russell
Sainsbury’s has led Britain’s top grocers into a very happy new year as market researchers announce an overall increase in sales of 5.1 per cent across the sector for the 12 weeks ending Boxing Day. Kantar Worlpanel said the bad weather over the festive period meant that many consumers refused to brave the high streets [...]
(Read More)11th Jan 11
Ocado announces better than expected festive sales
by Natasha Redman
Online grocery delivery firm Ocado has announced that sales over the festive period were better than expected. According to the company, which delivers Waitrose products, December sales were up by 27 per cent. It added that, had it not been for the severe weather, sales would likely have risen over 30 per cent. Ocado was [...]
(Read More)3rd Jan 11
Public cautioned to be careful with Yeates killer loose
by Adam Richards
Police have issued warnings to residents in the Bristol area to observe normal safety precautions until Joanna Yeates’s killer is apprehended. While officials say they have received no specific information to indicate that a serial killer may be on the loose, citizens should continue to take normal steps to ensure their security. For example, police [...]
(Read More)