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Business Live
We must back business to drive Wales forward in 2023
As we exit 2022 it is worth reflecting on where we were this time last year. Restrictions due to Covid were being lifted and while Christmas itself was again disrupted, there was great optimism that the excellent work of the NHS and vaccinations would allow us to return to a different normal. That period of …
Business
Sky News
Shop closures in 2022 highest for five years
Close to 50 shops shut down every day in 2022, more than at any other point for at least five years.In a bruising year for retail, 17,145 shops closed last year – up by nearly 50% on 2021, when 11,449 shops shut. Analysis by the Centre for Retail Research found about 47 sites shut up shop …
Business
Evening Standard
Grocers set for almost £550m tax reduction from 2023
UK supermarkets and grocers will benefit from an almost £550 million tax cut over the next three years, according to new analysis.It comes after more than half a million retail properties in England and Wales were revalued as part of a shake-up to the business rates system of property taxes.Analysis of official government data by …
Business
Business Live
The Humber’s headline-making deals that made 2022
Is an exit strategy a new year’s resolution? Will growth through acquisition be on the cards in 2023? Well let us serve up a little inspiration ahead of our return to regular news updates. The Humber region entered 2022 on the back of a modest rise in business deal activity and the year saw little …
Business
Business Live
ADVERTORIAL: Find out how the Cooper Associates County Ground offers much more than cricket
Situated in the heart of Somerset’s County Town, the Cooper Associates County Ground is one of the region’s most iconic locations and the home of Somerset County Cricket Club. With a new strategic direction, a brand new website and fresh on the back of delivering a full Christmas party schedule for the first time since …
Business
Evening Standard
Widespread rail strikes planned as passengers return to work after festive break
Rail passengers will face fresh travel disruption this week because of strikes by tens of thousands of workers in bitter disputes over pay, jobs and conditions.Members of the Rail, Maritime and Transport union (RMT) at Network Rail and 14 train operators will stage two 48-hour walkouts from Tuesday and Friday, while drivers in the Aslef …
Business
Business Live
From a start-up to a multi-billion-pound venture Admiral celebrates 30 years of trading
Wales’ only FTSE 100 business in motor insurance to loans group, Admiral, is today celebrating 30 years since its launch. It began trading in Cardiff on January 2, 1993, with just one brand, zero customers and 57 members of staff – pioneering a new wave of innovation in the UK insurance market by selling vehicle …
Business
Business Live
Fashion group warns of trading dip as economic climate bites
A Greater Manchester-based fashion group has warned it is now “trading below expectations” as the economic climate begins to bite. Whispering Smith, whose brands include Brave Soul and Night Addict, said the global recession and the overstocking of retailers has impacted its finances. It added that protecting its margin from the impact of the global …
Business
Evening Standard
Nearly 50 shops closed their doors every day in UK last year – survey
The UK’s retail sector had a bruising year in 2022 as more shops closed their doors than at any other point for at least five years.Around 47 sites shut up shop for the last time every day last year, according to new analysis.The Centre for Retail Research found that 17,145 shops on high streets and …
Business
Evening Standard
Energy experts look to next winter as gas crisis is set to continue in 2023
Expert eyes are starting to turn to Christmas 2023, as Europe has kept the lights on through this festive period despite an energy crisis that has gripped the continent for more than a year.While grids remain focused on ensuring there is enough gas and electricity to supply households over the coming months, experts are already …
Business
Sky News
Supermarkets are already selling Easter eggs – and we asked them why
Supermarkets have begun selling Easter eggs in December despite Easter not taking place until 9 April this year, citing the desire for customers to buy ahead of time. Major retailers including Tesco, Sainsbury’s, Morrisons and Waitrose have launched Easter confectionary ranges, prompting social media posts of disbelief. Twitter Due to your consent preferences, you’re not …
Business
Sky News
Matalan lenders close in on takeover of discount retailer
A group of financial investors which have lent hundreds of millions of pounds to Matalan are close to finalising a deal to take control of one of Britain’s biggest homewares retailers.Sky News understands that the senior lenders, which include prominent City names such as Invesco and Man GLG, could strike a deal within the next …

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