Whose stock will grow as stores struggle over cost-of-living? Investors look for High St bargains as shoppers tighten belts.

Creative Media NewsFriday, 29 July 2022, 17:000

Investors’ shopping lists typically include high street retailers. Several are among the largest publicly traded firms in the United Kingdom and have a history of providing dividends to investors through difficult economic times. M&S, Tesco, and Sainsbury’s have demonstrated resilience for more than a century, surviving everything from the rationing of World War II to...

Apple and Amazon have increased sales despite higher pricing.

Creative Media NewsFriday, 29 July 2022, 11:000

Amazon and Apple’s revenues surpassed expectations, encouraging investors that the tech giants will be able to withstand global economic slowdowns. Amazon predicted in a trading update that increased Prime membership costs would benefit its bottom line, while Apple reported that demand for its all-important iPhone remained robust. Despite price increases at a rapid rate, both...

Meta, the owner of Facebook, claims its first-ever income decline due to declining ad revenues and competition from TikTok.

Creative Media NewsFriday, 29 July 2022, 2:000

Meta’s ability to track and target users has been hampered by Apple’s iOS privacy upgrade from the previous year while rising inflation has caused several corporations to reduce their advertising budgets. Meta, the owner of Facebook, has disclosed its first-ever income decline because of declining advertising sales and increasing competition from TikTok. In the three...

The largest container port in the United Kingdom will come to a ‘standstill’ as a result of strikes after Unite endorses action.

Creative Media NewsFriday, 29 July 2022, 0:000

The possibility of an interruption at the port that handles about half of the nation’s container traffic will send shivers through the supply chain, triggering a repetition of last year’s catastrophic cargo backlogs. A union has announced preparations for a strike at the largest container port in the United Kingdom next month, which it claims...

Nestle, the producer of KitKats, raises prices again.

Creative Media NewsThursday, 28 July 2022, 22:000

Nestle has once again increased its prices due to “unprecedented” cost hikes. The Swiss food giant reported a 6.5% price increase in the first half of this year. This week, McDonald’s and Coca-Cola also announced price increases. Companies are facing greater expenses for fuel, salaries, and ingredients, and consumer prices in the United Kingdom are...

July inflation in retail prices reaches 4.4%, the highest rate since 2005.

Creative Media NewsWednesday, 27 July 2022, 23:000

As inflationary pressures reach home, households and businesses must prepare for a challenging moment, according to the chief executive of the British Retail Consortium. According to recent data, the rate of inflation in retail prices jumped to 4.4% in July, up from 3.1% in June. The increase is the greatest since 2005 when the British...

McDonald’s raises cheeseburger prices for the first time in 14 years.

Creative Media NewsWednesday, 27 July 2022, 21:000

In addition, the fast food behemoth will add between 10p and 20p on several items it claims are particularly affected by inflation. The company is one of many companies that are passing on the impact of rising gasoline and ingredient costs to their customers, including the consumer products giant behind Marmite and Magnums. The possibility...

Mamas & Papas searches for a new parent.

Creative Media NewsWednesday, 27 July 2022, 20:000

Bluegem Capital, the chain’s owner since 2014, has retained Rothschild to explore a sale of the business; Next is one of the potential buyers. Mamas & Papas, a retailer of nursery and baby supplies, is being put up for sale by its private equity investors. The wholesaler and retailer, owned by Bluegem Capital since 2014,...

MPs ask government to update energy aid after price cap projections weaken.

Creative Media NewsTuesday, 26 July 2022, 21:000

The current support package was announced when it was anticipated that the price ceiling would rise to approximately $2,800 in October. Now, it is predicted to reach $3,244

Amazon Prime membership fee increased by £1 per month.

Creative Media NewsTuesday, 26 July 2022, 18:000

Monthly memberships will increase by £1 to £8.99 in September, while yearly memberships will increase from £79 to £95.

Railways have speed limits due to concerns about track buckling.

Creative Media NewsMonday, 18 July 2022, 13:000

In the majority of England and Wales, railway speed limitations have been implemented because record temperatures could compromise the safety of steel lines. The majority of trains will be limited to 90mph, down from 100mph or 125mph, while some may travel as slowly as 20mph. The Met Office has issued a red warning for excessive...

Aerospace agreements are expected to fly at the Farnborough Airshow.

Creative Media NewsSunday, 17 July 2022, 16:000

Indeed, it has been quite some time. This week, however, a normally quiet airfield in Hampshire will once again host the most prominent names in the global aerospace and defense industries. The Farnborough Airshow, which is being held for the first time in four years, is anticipated to feature more than 120,000 attendees and 1,200...

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