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.... These plans appear to extend 'creepy' into the physical world," said Renate Samson from Big Brother Watch. "If people want to avoid having their shopping habits monitored on the high street by Google, by shops or by banks they should restrict the amount of data they hand over. ... [Read full article on BBC ]
Wednesday 24th of May 2017 12:13:45 PM
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....This time we met in Forest Gate, traditionally one of the most deprived parts of Newham. “This is an area undergoing the most dramatic change – the council doesn’t use the term ‘gentrification’, they use the term ‘regeneration’,” he said as we strolled down a pleasant high street in the sunshine, looking up at Victorian facades renovated by the council. ... [Read full article on Guardian ]
Thursday 25th of May 2017 04:30:19 AM
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....Laith Khalaf, senior analyst at Hargreaves Lansdown: "On top of its own singular problems, M&S is facing some big economic headwinds, in particular the fall in sterling, which is pushing up the price of food and clothes against a backdrop of squeezed consumer incomes. "The high street is also in decline as more of us turn to our mobiles and tablets to do our shopping, which leaves M&S fighting an even steeper uphill battle. ... [Read full article on BBC ]
Wednesday 24th of May 2017 06:30:53 AM
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.... The Guardian also revealed plans to trial an online grocery shopping service this autumn. Some analysts have argued that Rowe’s plans are not radical enough at a time when high street sales are transferring to the internet and nimbler rivals such as Zara and Primark are stealing its customers. ... [Read full article on Guardian ]
Sunday 21st of May 2017 10:16:45 AM
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.... So far administrators have closed 20 of its 46 stores, making more than 200 staff redundant. Fashion retailers are facing tough trading conditions as Britons stay away from the high street. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 03:10:30 PM
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. John Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers “avoid the clutches” of payday lenders. ... [Read full article on Guardian ]
Tuesday 23rd of May 2017 06:30:45 AM
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....With the regulators afraid to “pull the punch bowl away in the middle of the party”, as former Bank governor Lord King put it as he surveyed the wreckage caused by the 2008 crash, those at risk must fear another credit crunch looming into view. Try as they might, the UK’s two big high street lenders cannot put the financial crisis behind them. ... [Read full article on Guardian ]
Sunday 21st of May 2017 05:59:46 AM
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.... The chain has begun expanding again after opening its first major new store in seven years in Reading last year. It is also experimenting with small stores in high streets and at a shopping centre. ... [Read full article on Guardian ]
Saturday 20th of May 2017 08:00:19 AM
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. Q I have an interest-only mortgage from a well known high street bank. ... [Read full article on Guardian ]
Thursday 25th of May 2017 06:00:21 AM
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.... . "The website will also be a place where people can explore the history of their high street or perhaps see images of their grandparents and great-grandparents. ... [Read full article on BBC ]
Wednesday 24th of May 2017 12:24:11 PM
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....Mili Acharya “A diverse place, but the growing density of new-build flats is making it overcrowded. The high street’s a bit faded. ... [Read full article on Guardian ]
Friday 26th of May 2017 03:30:01 PM
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....Some people’s instant reaction might be “where do I sign?” – but anyone thinking about taking up this offer needs to remember that you don’t get something for nothing in the world of investment. This is a whole lot riskier than putting your money into a high street savings account, with no compensation if things go wrong. ... [Read full article on Guardian ]
Saturday 20th of May 2017 06:00:17 AM
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Latest Finance News related to High Street

Let’s move to Ilford, east London: ‘One of today’s boomtowns’ image
....Mili Acharya “A diverse place, but the growing density of new-build flats is making it overcrowded. The high street’s a bit faded. ...
The great London property squeeze image
Source : Guardian [Read Article] Thursday 25th of May 2017 04:30:19 AM
Boots of Nottingham opens 'historic' digital archive image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:24:11 PM
.... . "The website will also be a place where people can explore the history of their high street or perhaps see images of their grandparents and great-grandparents. ...
Google plans to track credit card spending image
Source : BBC [Read Article] Wednesday 24th of May 2017 12:13:45 PM
.... These plans appear to extend 'creepy' into the physical world," said Renate Samson from Big Brother Watch. "If people want to avoid having their shopping habits monitored on the high street by Google, by shops or by banks they should restrict the amount of data they hand over. ...
M&S annual profits fall by 64% as revamp costs bite image
Source : BBC [Read Article] Wednesday 24th of May 2017 06:30:53 AM
....Laith Khalaf, senior analyst at Hargreaves Lansdown: "On top of its own singular problems, M&S is facing some big economic headwinds, in particular the fall in sterling, which is pushing up the price of food and clothes against a backdrop of squeezed consumer incomes. "The high street is also in decline as more of us turn to our mobiles and tablets to do our shopping, which leaves M&S fighting an even steeper uphill battle. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
.... So far administrators have closed 20 of its 46 stores, making more than 200 staff redundant. Fashion retailers are facing tough trading conditions as Britons stay away from the high street. ...
John Lewis-backed credit union bids to fend off payday lenders image
Source : Guardian [Read Article] Tuesday 23rd of May 2017 06:30:45 AM
. John Lewis and Debenhams are among the high street names backing a new credit union for the retail sector, officially launching today, which aims to help shop workers “avoid the clutches” of payday lenders. ...
Marks & Spencer to report slump in clothing sales after short-lived boost image
.... The Guardian also revealed plans to trial an online grocery shopping service this autumn. Some analysts have argued that Rowe’s plans are not radical enough at a time when high street sales are transferring to the internet and nimbler rivals such as Zara and Primark are stealing its customers. ...
Car loans, low rates, second mortgages: all the ingredients for a new credit crunch image
....With the regulators afraid to “pull the punch bowl away in the middle of the party”, as former Bank governor Lord King put it as he surveyed the wreckage caused by the 2008 crash, those at risk must fear another credit crunch looming into view. Try as they might, the UK’s two big high street lenders cannot put the financial crisis behind them. ...
Ikea seeks to make more products in UK to fend off post-Brexit vote price rises image
.... The chain has begun expanding again after opening its first major new store in seven years in Reading last year. It is also experimenting with small stores in high streets and at a shopping centre. ...
A new Green Deal bond that pays 12% interest – too good to be true? image
Source : Guardian [Read Article] Saturday 20th of May 2017 06:00:17 AM
....Some people’s instant reaction might be “where do I sign?” – but anyone thinking about taking up this offer needs to remember that you don’t get something for nothing in the world of investment. This is a whole lot riskier than putting your money into a high street savings account, with no compensation if things go wrong. ...
Sterling's fall buoys UK manufacturers as export orders rise image
Source : Guardian [Read Article] Friday 19th of May 2017 01:17:38 PM
....3% in April, rebounding from a 1. 4% fall in March as the warmer weather and Easter holidays encouraged shoppers back on to Britain’s high streets. ...
Mothercare looks to almost halve number of UK stores image
Source : Guardian [Read Article] Thursday 18th of May 2017 06:10:59 PM
. Mothercare is to almost halve the size of its UK chain and stop selling clothes for older children as it tries to carve out a profitable future on the high street. ...
Surprise surge in UK retail sales powers pound to eight-month high image
Source : Guardian [Read Article] Thursday 18th of May 2017 10:39:36 AM
....A surprise surge in retail sales in April helped push the pound to its highest level in eight months as Britain’s consumers shrugged off concerns over falling living standards. Warm weather and the Easter holidays encouraged shoppers back onto UK high streets, with retail sales up 2. ...
Ikea to create 1,300 UK jobs in three new stores image
Source : Guardian [Read Article] Wednesday 17th of May 2017 10:02:07 AM
....Ikea has began expanding again after opening its first major new store in seven years in Reading last year. It is also experimenting with small stores in high streets and a shopping centre. ...
M&S puts faith in fluted sleeves as womenswear comes out fighting image
Source : Guardian [Read Article] Tuesday 16th of May 2017 05:23:05 PM
. Will knickers or canapes win the battle for the soul of Marks & Spencer, or can the pink coats fight off a landgrab by prawn sandwiches to remain at the heart of the country’s most iconic high street store?. ...
Which? names Richer Sounds and Toolstation as UK's best-rated shops image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:01:40 AM
....Richer Sounds’ chairman, David Robinson, said its long-running success was down to a mantra that put “people before profits”. He said: “We are among a handful of high street retailers to pay the real living wage. ...
Inside the new Battersea Power Station image
Source : Guardian [Read Article] Saturday 13th of May 2017 07:00:41 AM
....The three penthouses have yet to be priced, although the rumoured £25m-£30m price tag may have to be scaled back as demand for high-end property in the capital dips. To the south of the power station, a cluster of sculptural blocks designed by US architect Frank Gehry and Britain’s Foster + Partners – including a titanium-clad building called The Flower – will line a new high street, called the Electric Boulevard. ...
Bathstore accused of using cowboy fitters who damaged properties image
Source : Guardian [Read Article] Saturday 13th of May 2017 06:00:39 AM
.... Milburn, who works in property management, said having the work done was “the worst experience of my life”. Dawn Holmes, who lives in south-east London, also contacted Guardian Money this week to describe a similar experience after she visited a different branch of what has become Britain’s biggest bathroom retailer with 167 high street stores. ...
Let’s move to… Thetford, Norfolk: ‘A rum old mix’ image
Source : Guardian [Read Article] Friday 12th of May 2017 03:30:22 PM
.... Its postwar reimagining wasn’t entirely successful: the ringroad rudely interrupts medieval streets. Its high streets are just keeping decline at bay. ...
Expedia money saving: How to slash 12% price from of holiday and flight bookings image
....Cash can then be directly transferred to the user's personal bank account. The sites both offer cashback on a wide range of retailers across the high street, so before making any online purchase it's worth checking if you can earn money on your purchase. ...
Barclays CEO sees no reason for Brexit jobs shift to Europe image
Source : Guardian [Read Article] Wednesday 10th of May 2017 12:12:29 PM
....Jes Staley said Brexit would be “a wholly manageable challenge” and “significantly less costly” than other problems the bank had encountered. Preparing for Brexit, Staley said, was not as complex as setting up a US holding company, as required by the US authorities last year, or preparing to ring-fence Barclays’ high street bank from its risky investment banking arm by 2019. ...
John Lewis profits suffer £36m dent from minimum wage error image
Source : Guardian [Read Article] Tuesday 9th of May 2017 10:54:26 AM
.... It was the fourth year in a row that John Lewis cut the award, taking it to the lowest bonus since 1954. The chairman said the bonus had been cut because the business faced cost inflation and increasing high street competition. ...
UK high street sales weak as shoppers focus on buying essentials image
Source : Guardian [Read Article] Tuesday 9th of May 2017 05:01:52 AM
. Barclaycard and the British Retail Consortium have warned that a spurt in spending in April was the result of the late timing of Easter and said the growing squeeze on incomes meant the underlying trend in high street activity was weak. ...
Drive carefully – I can see a credit car crash up ahead | Phillip Inman image
....Of course the FCA inquiry is not concerned with a shift in the patterns of employment and finance that makes for a more precarious workforce. It will be concerned with the suspected mis-selling of leasing products it believes consumers either misunderstand or are available more cheaply on the high street. ...
Proptech: the businesses transforming the housing market image
Source : Guardian [Read Article] Monday 8th of May 2017 06:00:55 AM
.... He says bricks-and-mortar businesses look out of date at a time when most property searches start online. Having no physical presence on the high street also allows him to keep his overheads low. ...
M&S puts faith in fashion novice from Halfords and retail veteran image
Source : Guardian [Read Article] Friday 5th of May 2017 11:04:47 PM
....Insiders say Norman and Rowe have established a rapport and that the 63-year-old City grandee would not have taken the job if he did not have confidence in his chief executive, who began his retail career aged 15 as a Saturday boy at M&S’s Croydon store in south London. Norman, who is feted for turnarounds including at Asda and ITV, is said to beaware of the challenges M&S faces as it grapples with a 130-year high street legacy that includes more than 300 clothing stores and a food business that is showing early signs of losing momentum. ...
M&S lifts share price after naming Archie Norman as chairman image
Source : Guardian [Read Article] Friday 5th of May 2017 06:38:50 AM
....Rowe, who began his retail career aged 15 as a Saturday boy at M&S’s Croydon store in south London, took over as chief executive a year ago. Since taking the helm he has prioritised improving retail basics, such as cutting clothing prices and running fewer promotions, rather than make the big strategic decisions analysts say will be necessary to ensure M&S’s survival on the high street. ...
Former Jaeger owner: I could save it image
Source : BBC [Read Article] Thursday 4th of May 2017 03:38:06 PM
....Administrators AlixPartners told BBC Radio 4's You and Yours that buyers are interested in the firm's assets. In recent years Jaeger has suffered from stiff high street competition and falling sales. ...
Next shares tumble as retailer warns of challenging market image
Source : Guardian [Read Article] Thursday 4th of May 2017 10:50:34 AM
....George Salmon, an equity analyst at Hargreaves Lansdown, said: “Whichever way it turns, Next just can’t seem to catch a break at the moment. Online competition is ratcheting up, weaker sterling is increasing costs, and conditions on the UK high street are far from favourable. ...
Sainsbury’s warns over pay squeeze as profits slide image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 10:02:09 AM
.... It wants 250 Argos stores in its supermarkets by March 2019 – up from 59 at present – six months earlier than planned. Coupe said 13 of the 59 new Argos outlets had relocated from high streets, helping the business to save significant costs, but that pattern could not be taken as template for future openings. ...
M&S hires Halfords chief to run struggling clothing arm image
Source : Guardian [Read Article] Wednesday 3rd of May 2017 07:12:00 AM
.... M&S had courted the former Next clothing chief Christos Angelides, but he signed up as head of fashion chain Reiss. The role is important for the future of M&S, which has struggled to increase clothing sales in recent years amid tougher competition from high street rivals and difficulties with its online service. ...
Will Canada's Tim Hortons win over UK coffee fans? image
Source : Guardian [Read Article] Sunday 30th of April 2017 05:31:04 AM
....”. While Hortons is an institution in its home country, this may well count for little in the UK, where the high street is dense with competition in the coffee, sandwich and doughnut markets. ...
Labour party pledges to outlaw all zero-hours contracts image
Source : Guardian [Read Article] Saturday 29th of April 2017 09:01:09 PM
....The manifesto for working Britain is more leftwing than that unveiled by Ed Miliband ahead of the 2015 election, which itself was criticised by the Tories and Lib Dems at the time as one of the most “anti-business” in living memory. The 20-point blueprint aims to offer concrete measures to help those who Jeremy Corbyn says are being exploited in an increasingly unregulated economy, including workers such as couriers and delivery drivers, and the 900,000 people employed by the big high street brands and other companies on zero-hours contracts. ...
Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... Meanwhile, Halifax has a no-monthly-fee Reward account, where you get a £3 payment each month you pay in £750 or more, plus a £75 switching inducement. This week the Halifax said official figures showed it was “the most switched-to bank on the high street”. ...
Amazon 'style assistant' divides opinion image
Source : BBC [Read Article] Friday 28th of April 2017 01:31:35 PM
...."I'm happy for someone to recommend something. I can't get to every high street shop. ...
UK house prices fall again in April as buyers feel the pinch image
Source : Guardian [Read Article] Friday 28th of April 2017 07:15:39 AM
....However, he said that a housing crash is unlikely because the shortage of homes coming on to the market will limit the extent to which prices fall. The weakening consumer backdrop was reflected in the latest high street lending figures from the British Bankers’ Association, which showed growth in consumer lending slowed to 6. ...
Pret a Manger tries to woo British workers as Brexit looms image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:01:44 PM
....The company had relied on its own website, which directs applicants to a recruitment centre in London, but has now started using jobcentres and social media adverts to appeal to British candidates. The high street chain told a parliamentary committee in March that just one in 50 job applicants were British because its upmarket sandwich shops were not seen by Britons as a “desirable place to work”. ...
Swinton insurance cuts 900 jobs as customers switch to online image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:06:32 PM
....Swinton is planning to close a another 84 branches and cut as many as 900 jobs because the vast majority of its customers prefer to buy insurance online or over the phone. The second wave of closures in just over a year means the company’s branch network will more than halve to 111, although it says it will still be the biggest insurance broker on the high street. ...
Fashion retailer Boohoo nearly doubles profit after celebrity Instagram tie-ups image
....Kamani inherited his love of fashion from his father, Abdullah, who sold handbags on market stalls in north-west England after leaving Kenya in the 1960s. Kamani went on to found a successful family textile business, supplying high street names such as New Look and Primark, before focusing on Boohoo. ...
Airport duty-free prices not always cheapest, says Which? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:00:29 AM
....The watchdog also said consumers could find savings at airport shops, noting that it found the iPad mini 2 and Fitbit Flex 2 both for £10 less at Dixons Travel at Glasgow International airport than online at John Lewis. It urged shoppers to “always do your research before you head to the airport to make sure the ‘deal’ is not actually dearer than you find on the high street or online”. ...
Minister makes U-turn over £300m business rates relief fund image
Source : Guardian [Read Article] Monday 24th of April 2017 06:16:40 PM
....The revaluation, which is revenue neutral for the government, is supposed to make the system fairer by ensuring business rates reflect the property market with rates bills actually coming down in some parts of the country. A revaluation is supposed to take place every five years but the previous review was controversially delayed by two years with high street campaigners accusing the government of postponing the process as it would be vote loser in Tory-held seats in the south-east ahead of the 2015 general election. ...
Bill sets out plan to tackle 'extortionate' UK overdraft fees image
Source : Guardian [Read Article] Sunday 23rd of April 2017 04:51:46 PM
....The FCA, the City watchdog, has included overdraft fees in a review into high interest loans, alongside payday loans and doorstep lending. It launched the review after the Competition and Markets Authority stepped back from imposing a cap on overdraft fees following its two-year investigation into high street banks. ...
When an M&S closes, you lose more than a store | Barbara Ellen image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:05:27 PM
.... A little while ago, I tried on some M&S shoes that were so uncomfortable they felt as though somebody else’s feet were already in them. However, while M&S’s sartorial nosedive needs to be addressed, there still seems to be something intrinsically depressing and dangerous about such companies opting for a diminished presence on high streets. ...
As more buy clothes online, Walmart eyes a piece of the action image
Source : Guardian [Read Article] Saturday 22nd of April 2017 11:00:12 AM
....If the deal is confirmed it will not only place Bonobos 38-year-old co-founder and CEO Andy Dunn at the forefront of Walmart’s online clothing battle with Amazon, but will endorse a hybrid online/bricks-and-mortar vision some hope can be retail’s future. US high streets are witnessing a Darwinian winnowing. ...
How to find the best personal loan without damaging your credit rating image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
....So which banks and lenders punish people, and which ones don’t? And who is offering the best loan rates?. The report was issued by the high street bank TSB, which is one of the lenders that runs a fairly clean ship when it comes to personal loans. ...
Let’s move to the Isle of Portland, Dorset: ‘It has its fair share of oddity’ image
....What’s going for it? You come across bits of Portland in the most unlikely of places. Like the UN headquarters in Manhattan, St Paul’s Cathedral or the bank on my high street. ...
UK retail surge since Brexit vote comes to an end image
Source : Guardian [Read Article] Friday 21st of April 2017 01:11:30 PM
. The strong recovery on Britain’s high streets after last year’s Brexit vote appears to be over, with retail sales figures for the first quarter showing the biggest drop in purchases in the last seven years. ...
UK bank accounts of Iranian customers still being closed, says law firm image
.... Some banks refuse to explain why, while others cite sanctions against Iran as the main reason. Blackstone Solicitors represents a string of Iranians who have taken high street banks to court over allegations of racial discrimination. ...
Green Investment Bank sell-off: only time will tell how green it is | Nils Pratley image
....It is hard to point to any feature of the plan that is genuinely novel. Cafes and restaurants in the shops? Most department stores offer them these days, and the high streets outside are awash with Costas. ...
Debenhams jobs at risk as stores close in 'social shopping' shakeup image
Source : Guardian [Read Article] Thursday 20th of April 2017 09:18:15 AM
.... Some analysts complained that Bucher failed to set himself any targets or quantify the likely return on investment. “This turnaround plan seems less radical than what might be ultimately required for Debenhams to remain relevant on the high street,” said Jon Copesake, retail analyst at the Economist Intelligence Unit. ...
Did you lose your job when BHS went into administration? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:44:09 PM
....The controversial collapse of the BHS department store chain last April, led to the loss of 11,000 jobs and left a pension deficit assessed at £571m. It was the biggest high street failure since Woolworths went out of business in 2008. ...
Next boss misses out on annual bonus for first time in 18 years image
Source : Guardian [Read Article] Tuesday 18th of April 2017 04:15:22 PM
. Next boss Lord Wolfson has missed out on his annual bonus for the first time in 18 years amid tough times on the British high street. ...
Tesco to save £105m in business rates after property revaluation image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:12:13 PM
....MPs on the communities and local government committee will question the communities secretary, Sajid Javid, about the revaluation on Wednesday. Javid has already promised to “level the playing field” between online retailers and high street shops, and the committee chairman, Clive Betts, said he would press for a timetable for a review. ...
Two-thirds of BHS stores lie empty as anniversary of collapse nears image
Source : Guardian [Read Article] Sunday 16th of April 2017 03:30:44 PM
. A year after the collapse of the department store chain BHS, more than two-thirds of its former stores still lie empty, blighting the UK’s high streets and shopping centres. ...
But it was spreads that put the ‘uni’ in Unilever image
Source : Guardian [Read Article] Sunday 16th of April 2017 06:00:23 AM
....Meanwhile, in what appears to be the sort of luck you’d expect to land only at an Irish retailer’s door, ABF said in February that Primark had been enjoying a boost from tourists drawn to Britain by the cheap pound. Sales at the cut-price fashion chain’s two stores in London’s Oxford Street were up 10% as the UK’s premier high street benefited from an influx of bargain-hunting visitors. ...
United Airlines shows why it's time to deplane corporate-speak image
Source : Guardian [Read Article] Sunday 16th of April 2017 05:59:23 AM
....Ratner, as a reminder, is responsible for probably the most famous PR gaffe of all time. He was chairman of the high street jewellery firm Ratners when during a speech in 1991 he described one of his products as “total crap”, saying that earrings sold by the business were “cheaper than an M&S prawn sandwich but probably wouldn’t last as long”. ...
Labour plans to halt 'epidemic' of high street bank closures image
Source : Guardian [Read Article] Thursday 13th of April 2017 11:01:17 PM
. Labour has pledged to tackle what it calls an epidemic of high street bank closures by only permitting branches to be shut after a local consultation and with the permission of the Financial Conduct Authority (FCA). ...
Banks cracking down on lending after borrowing binge, survey finds image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:53:17 PM
....Worried lenders are starting to put the brakes on Britain’s consumer borrowing binge and plan to get tougher on credit card users, according to a Bank of England survey. Its poll of all the main high street lenders showed they had cut access to credit in the opening months of this year and plan to limit it further. ...
Starbucks blames UK profits plunge on Brexit and slowing growth image
Source : Guardian [Read Article] Thursday 13th of April 2017 12:32:31 PM
. Starbucks has blamed a collapse in UK profits on a list of ills including fewer shoppers visiting the high street and the impact of the Brexit vote. ...
Pound to euro rate: Sterling rises to seven-week high in Easter boost for holidaymakers image
.... The Post Office and Sainsbury’s are money the currency providers that offer better rates if you follow this method. But the best rates are typically with currency specialists, as oppose to high street retailers. ...
Our high streets don’t need new shops – they need new ideas | Suzanne Moore image
....I wonder if anyone has mapped the rise of the vaping shop on to the leave vote. Wandering down another semi-abandoned high street, the only new businesses appear to be purveyors of vaping and all its works. ...
Student loan interest rate set to rise by a third after UK inflation surge image
....The rise in inflation, driven by a decline in the value of the pound since June, means students will be charged substantially more interest on their loans, despite the fact that many other consumers are benefiting from record low interest rates. Personal loans from high street banks have rates starting at 2. ...
Under-fire Barclays chief is probably guilty of behaving like a chump image
Source : Guardian [Read Article] Monday 10th of April 2017 11:01:12 PM
.... Impulse buying has been replaced by a more cautious approach. Finally, consumers appear to have decided that they would rather cut back on spending in the high street than on eating out. ...
Jaeger collapses into administration putting 680 jobs at risk image
Source : Guardian [Read Article] Monday 10th of April 2017 05:06:29 PM
....4m pre-tax loss, according to accounts filed at Companies House. Jaeger is the latest in a long list of retailers to suffer from difficult trading conditions on the high street and the increased cost of imported materials due to the collapse of the pound. ...
Experience-hungry shoppers trend towards food and drink spending image
Source : Guardian [Read Article] Monday 10th of April 2017 06:01:29 AM
. UK high streets are expected to be busy this Easter weekend, with forecasters predicting an increase in the number of people going out to spend money on food and drink. ...
Small towns seethe at bank closures, but others are plotting a new future image
....”. To cushion the blow, Lloyds has launched a fleet of mobile vans which will visit communities hit by the disappearance of high street branches. ...
Jaeger going out of fashion puts 700 jobs at risk image
Source : Guardian [Read Article] Friday 7th of April 2017 03:01:10 PM
. The struggling fashion brand Jaeger could call in the administrators as early as next week, putting 700 high street jobs at risk. ...
Mothercare to raise prices after pound's Brexit slide image
Source : Guardian [Read Article] Friday 7th of April 2017 06:45:25 AM
....Sanjay Vidyarthi, an analyst at Canaccord Genuity, said the management’s recovery strategy looked to be back on track with the UK chain turning a profit over the last six months - its first profitable half year since 2011. “This is very encouraging, given how difficult and volatile trading conditions have been on the high street, particularly in clothing,” he said. ...
Lifetime ISA: Everything you need to know about the new LISA savings account  image
Source : Daily Express [Read Article] Wednesday 5th of April 2017 12:55:00 PM
.... Skipton Building Society has revealed that its cash LISA will be available from June. However, more high street providers are expected to follow in due course. ...
Lloyds reveals location of 100 branch closures as it cuts 325 jobs image
Source : Guardian [Read Article] Wednesday 5th of April 2017 12:27:47 PM
.... The bank expects to continue to have the biggest branch network in the UK. To cushion the blow, Lloyds has launched a fleet of mobile vans which will visit communities hit by the disappearance of high street outlets. ...
Lloyds names locations for 100 branch closures image
Source : BBC [Read Article] Wednesday 5th of April 2017 11:54:31 AM
.... . "The loss of a further 100 local banks will be painful for high streets across the country to absorb. ...
How Karen Millen lost the battle for her name – and her fortune image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....Millen says she is “devastated” by bankruptcy but blames Kaupthing, the collapsed Icelandic bank that backed the 2004 deal, rather than her own financial decisions for her current woes. Her story is a stark reminder of the noughties’ high street boom, fuelled by the expansion of Icelandic banks, that would go spectacularly bust during the credit crunch. ...

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