UK retail marketers squander 47% of their ad budgets on low stock items
Recent findings expose a trend among UK retail marketers, who risk customer dissatisfaction and dwindling revenues by allocating marketing spend to low-stock items.
A reported 60% of retailers want to adopt AI and newer technologies in the industry
Retailers are embracing a tech-driven revolution as 60 per cent of them prepare to harness the potential of AI and new technologies for an enhanced shopping journey, both online and in-store, in the coming year.
China's Tencent reports jump in Q2 income, misses revenue expectations
Chinese internet giant Tencent announced on Wednesday a 41 percent year-on-year jump in second-quarter net income, but missed analyst forecasts for revenue.
Recent report reveals financial barriers to British SMEs' sustainability
The report revealed that 78 per cent of UK small businesses prioritise sustainability in their strategies – but face barriers due to the high costs of implementing eco-friendly infrastructure.
Disney streaming service sees subscribers fall again
Disney on Wednesday reported a loss for the most recent quarter, with the number of subscribers to its streaming service shrinking again, but a pledge to crack down on password sharing sent shares higher in after-market trades.
UK pig industry becomes profitable after two years of losses
Market reforms in the UK pig industry pave the way for a swine resurgence, with analysts from the Agriculture and Horticulture Development Board (AHDB) saying pig farmers were still losing an average of £17.
Revolution of consumer behaviour: Exploring the transition of consumers to mobile shopping
With the rise of mobile shopping and the profound impact of the pandemic on consumer behaviour, retailers are investing heavily in their online presence.
London businesses weather storm as domestic demand rises
London businesses have shown resilience amidst cost constraints and inflation, with domestic sales increasing in the second quarter of 2023.
Ford raises 2023 profit outlook but sees bigger EV loss
Ford lifted its full-year forecast Thursday after quarterly earnings nearly tripled on strong vehicle pricing in conventional autos that offset losses in electric vehicles (EV).
Business price hikes expected to ease as wage costs rises
The BCC Quarterly Economic Survey for Q2 2023 reveals that nearly half of businesses plan to raise prices in the coming months as cost pressures ease.
Facebook users worried about rapidly growing scams
Some Facebook users claim they are getting emails with a reset password recovery code, while Facebook says it is not sending these emails.
UK businesses can create nearly 2 million jobs through successful international expansion
A new report by Santander UK reveals that successful international expansion by UK businesses could create about 1.9 million jobs and boost Glasgow's economy by £735 million.
UK SMEs battle challenges amidst late payment woes
Despite facing rising borrowing costs and the persistent issue of late payments, the SME community in the UK continues to display remarkable resilience.
Can consuming animal-based products cause a hormonal imbalance in humans?
Oestrogen, progesterone and testosterone are regularly found in animal products. Study shows this influx of hormones has a biological effect on humans.
Survey reveals 2 in 5 people are spending more money on personal care items every month
The rising cost of living is driving consumers to search for cheaper personal goods online, with a recent survey showing more UK customers now shop online post-COVID.
Study reveals UK SMEs embrace AI despite regulatory concerns
A study conducted by Gong reveals that UK enterprises are integrating AI technology into their operations despite the absence of a legislative framework.
'Drinkflation' a growing concern as high inflation worries UK hospitality sector
Less booze in your drink as soaring costs and reduced consumer spending pose challenges for brewing sectors.
Scottish tourism and hospitality sector demonstrates resilience amidst challenges
Scotland's renowned tourism and hospitality industry remains steadfast despite a decline during the COVID-19 pandemic.
Survey uncovers concerns about staff retention in current economic environment
According to the 2023 SME Business Survey by HR Solutions, one in two SMEs is concerned about staff retention in the current economic climate.
Air travel to soar near record in 2023: industry group
Airlines will return to profit and fly a near-record 4.35 billion passengers this year, but the sector's post-pandemic recovery remains fragile, an industry group said on Monday.
UK SMEs are are paving the way for a greener future
British SMEs are making significant investments in sustainability, and this surge in eco-consciousness reflects the growing demand for sustainable options.
UK businesses prepare for turbulence as government raises interest rates
Despite narrowly escaping a technical recession late last year, the UK economy finds itself on fragile ground as
high-interest rates loom.
Over 50% of British organisations struggle with growth strategy
British professional services organisations face the challenge of developing a growth strategy as 53 per cent lack a defined plan, according to a study by Deltek.
Grown Close, Sold Close - Unveiling the ups and downs of local sourcing in British supermarkets
Despite challenges, businesses are embracing local sourcing to strengthen their supply chains and align with customer preferences and environmental concerns.
Social mobility charity outlines checklist to help organisations improve inclusiveness for young people
The Talent Tap highlight ways organisations can help young people bring their voices to the table through a four-point Social Mobility Checklist.
Ryanair flies back to profit as sector recovers from Covid
Passenger traffic leapt 74 percent to 168.6 million travellers, with fares 10 percent above pre-Covid levels.
Galaxy Digital Bounces Back with Profit After $1B Net Loss in 2022
Galaxy Digital, a leading crypto-focused financial services firm, has made a remarkable turnaround in 2022.
How British supermarkets are coping amid inflation and cost of living crisis
In the face of the challenges facing the retail industry, British supermarkets are determined to stay ahead through the implementation of innovative strategies.
UK retail sales volume slips by nearly 1% in March due to unfavourable weather
The UK saw a 0.9% drop in retail sales volumes in March as a result of poor weather. However, the 3-month trend presents an optimistic outlook for retailers.
BuzzFeed to close news operation
Shares in BuzzFeed, known for its viral content and journalism, plunged more than 20 percent on Wall Street following the news.