More From Adewunmi Adedayo
Which UK universities are producing today's business leaders?
Novuna Business Cash Flow unveils that Oxford and Cambridge are leading the entrepreneurial charge as lesser-known institutions take the spotlight, transforming the perception of academic incubators for the next generation of business pioneers.
Aug 23, 2023
UK government's recycling scheme could cost more than £1.8 billion
Amidst the government's ambitious push for a £1.8 billion annual DRS, retailers clash over its soaring costs, while Tesco electrifies its delivery fleet, making strides toward sustainability and cleaner air.
Aug 23, 2023
Report reveals over 70% of SMEs plan to secure their growth trajectory
According to recent data, 12 per cent of small businesses were re-evaluating their lending arrangements, with a high number of SMEs seeking assistance to fund new equipment.
Aug 22, 2023
Why are 80% of UK SMEs committed to sustainability?
A recent report by Rimm Sustainability reveals a surge in eco-friendly and sustainable practices dedication among UK SMEs, exploring responses from 500 C-suite executives.
Aug 21, 2023
A reported 82% of shoppers face out-of-stock products as post-pandemic and inflationary pressures persist
New data from Retail Insight reveals a mounting crisis as shoppers report an increase in out-of-stock products, fueled by factors like COVID-19 aftermath, geopolitical tensions and climate concerns.
Aug 21, 2023
How can data analytics drive decision-making and growth for British e-retail SMEs?
With a majority of retail stores going digital, businesses are faced with a large volume of data – and data analytics is providing evidence for SMEs to make educated decisions.
Aug 21, 2023
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.
Aug 18, 2023
Over half a million UK SMEs struggle to meet tax obligations amid rising costs
A new study reveals that more than half a million SMEs in the UK are struggling with tax payment challenges, primarily focused on Corporation Tax and VAT.
Aug 18, 2023
Gift card sales skyrocket by 26% for grocery retailers
A rising trend has emerged from a recent study, revealing that consumers are increasingly turning to gift cards and vouchers as a creative response to economic challenges.
Aug 17, 2023
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.
Aug 17, 2023
UK SMEs secure record-breaking £21 billion in government contracts
Recent data reveals UK SMEs received £21 billion worth of government contracts in the fiscal year 2021/22, translating to an average of approximately £3,800 for every British small business.
Aug 16, 2023
UK commits multi-million-pound investment to AI in attempt to reduce carbon emission
The UK government's visionary multi-million-pound investment in Artificial Intelligence (AI) aims to revolutionise sustainable industries and carbon emission reduction.
Aug 16, 2023
Reports show 65% of UK SMEs are confident in the economic trajectory
Despite the challenges posed by the COVID-19 pandemic and economic uncertainties, UK small and medium-sized enterprises (SMEs) are showing remarkable optimism.
Aug 15, 2023
Rural connectivity could make over £65 billion boost to UK economy
A study has revealed the potential for enhanced rural connectivity to inject £65.1 billion into the UK economy.
Aug 15, 2023
Why is the majority of people in the UK unsettled about social media?
A recent Barclays study has unveiled a startling statistic that 76 per cent of British individuals find themselves uneasy on social media platforms due to the rampant presence of scammers.
Aug 14, 2023
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.
Aug 14, 2023
Nearly two-thirds of UK shoppers are less loyal to brands because of macroeconomic issues
Economic shifts have altered consumer behaviour, leading to a decline in brand loyalty among Londoners, with 60 per cent feeling less attached to brands than two years ago, as per new research.
Aug 11, 2023
FSB urges 'blend and extend' contracts for SMEs amid energy assistance cutbacks
As the government withdraws energy bill support for companies and one million small UK businesses contend with high-cost energy tariffs, FSB advocates for "blend and extend" contracts.
Aug 11, 2023
Recent data reveals UK parcel volumes experience first drop in over a decade
New data reveals a noteworthy drop in UK parcel volumes, marking the first decrease in over a decade. However, the global parcel shipping index saw a modest growth of one per cent due to Chinese lockdowns.
Aug 11, 2023
FIFA Women's World Cup Quarter Finals is predicted to earn the retail and hospitality sector £145 million
A recent report anticipates a significant surge in spending, projected to reach £145 million, as the FIFA Women's World Cup 2023 Quarter Finals kick off on August 11th.
Aug 10, 2023
UK grocery shoppers continue to struggle with 'shrinkflation' and 'drinkflation'
Grocery shoppers are feeling the pinch as "shrinkflation" continues to shrink product sizes while costs stay the same or increase, while the added woe of "drinkflation" impacts alcohol purchases.
Aug 10, 2023
Online sales bounce back in June and July, marking first YoY growth in the digital economy
Mid-year data from Adobe Analytics shows a decline in online prices for non-essential items after Amazon Prime Day, with the online pricing of items across all categories declining by 3.2 per cent year-over-year.
Aug 09, 2023
Bank of England predict the rate of food price increases will reduce to 10% by the end of 2023
The Chief Economist of the Bank of England, Huw Pill, has cautioned that food costs in the UK might not see a significant decline due to the aftermath of the Russia-Ukraine war.
Aug 09, 2023
UK retail sales face July slump due to rainy weather, analysts optimistic for rebound
July's inclement weather caused a dip in UK retail sales, with indicators pointing to its substantial influence. However, analysts are optimistic about a potential resurgence in the second half of the year.
Aug 08, 2023
Retail industry has surpassed construction as the worst-affected sector
The retail sector has claimed a dominant position in UK business administrations, constituting a significant 16 per cent of all filings in H1 2023, as highlighted by a recent analysis.
Aug 08, 2023
Report uncovers alarming vulnerability of UK websites to bot attacks
The report reveals that 66 per cent of UK websites are vulnerable to basic bot assaults, posing serious risks to British businesses
Aug 07, 2023
Is the Smart Data reforms what UK businesses need to thrive?
A business alliance led by MP John Penrose is urging the government to expedite Smart Data reforms, to enhance the competitiveness of British exporters, among others.Business leaders rally behind urgent smart data reforms for British competitiveness and consumer benefits
Aug 07, 2023
Small businesses face declining confidence in Q2 2023 during economic challenges
Small businesses faced a setback in the second quarter of 2023 as the FSB's SBI headline confidence indicator dropped sharply from -2.8 points in Q1 to -14.2 points.
Aug 04, 2023
Petrol prices rose in July amidst soaring oil costs and market tensions
The latest data from RAC indicates a sharp increase in the average price for a litre of unleaded petrol, reaching £1.45, while diesel prices remain steady at £1.46.
Aug 04, 2023
Londoners spend almost £1 billion a year on beauty products
In the lingering financial crisis, the "lipstick effect" takes centre stage as consumers turn to small indulgences for comfort, leading to a 1,006 per cent increase in demand.
Aug 03, 2023
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