Consumers’ spending on offers increased by four per cent in February, worth £586m more than the same month in 2023, as Brits continued to seek out discounts despite cooling inflation. …
Financial Planning
Customers’ own brand switch slows sales growth at Victorian Plumbing
Customers switching to own-brand products because of the cost-of-living crisis impacted sales at Victorian Plumbing during the first part of its financial year, according to new figures. The Skelmersdale-headquartered company …
Unite Group reports jump in profit as student accommodation shortage drives rents higher
Student landlord Unite Group has reported a jump in earnings for 2023 on the back of strong occupancy levels and higher rents. Earnings came in at £184m for 2023, up …
AI will design drugs in the next couple of years, says Google Deepmind boss
The chief executive of Google DeepMind has said artificial intelligence (AI) could be designing drugs in clinics within the next couple of years. Demis Hassabis, who founded DeepMind in the …
Getting with the times! 80 per cent of 85–95-year-olds now pay with contactless
A record 93.4 per cent of all in-store card transactions up to £100 were made using contactless, according to a new study by Barclays, as the payment method traditionally used …
Budget: Hunt should prioritise cutting ‘damaging’ stamp duty rather than income tax, IFS says
Cutting stamp duty on the purchase of properties and shares should come top of the Chancellor’s list of potential tax cuts in the Spring Budget, a leading think tank has …
Uniswap soars as SEC loses its bite
Each day, Coinrule will run through the state of the digital assets market for Blockbeat, your home for news, analysis, opinion and commentary on blockchain and digital assets. One of crypto’s key …
Why Meta’s Europe chief is going all in on AI
Once Derya Matras has her business strategy locked in place, it is “relentless execution” from then on. Matras, who is Meta’s vice president for the Middle East, Africa, Turkey and …
Why high rates affect the UK’s public debt more than other G7 countries
Chancellor Jeremy Hunt will likely be working late into the night as he looks to make the maths add up ahead of the Spring Budget on 6 March. One thing …
Grocery inflation hits lowest level in two years, but non-food items keep rising
Shop price inflation or the rate at which these goods increase has slowed to 2.5 per cent in February, marking the lowest level recorded in close to two years. British …