03/10/2022

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Retail sales rebound despite inflation surge

2 min read

Good morning. 

There is some very good news for merchants this morning, as the most current ONS figures display gross sales picked up last month.

The quantity of items marketed in-keep and on the web rose 1.9laptop in January – a considerably-necessary recovery from the 4personal computer slump suffered in December as omicron saved shoppers absent.

It suggests increasing inflation isn’t really obtaining a big impact on purchaser expending just nevertheless.

Even so, with cost development established to peak at 7.25personal computer and a cost-of-living disaster looming, it can be most likely customers will tighten the purse strings in the coming months.

5 matters to start your day 

1) Why the charge of a cup of coffee is soaring  Value pressures on coffee retailers implies selling price increases are now “inevitable” 

2) Barristers swap horsehair for hemp as they check out out initially vegan courtroom wigs  London lawyer issues 200-calendar year-previous tradition with plant-centered headpieces 

3) Elon Musk accuses US of trying to ‘muzzle’ his cost-free speech  Statements insert to billionaire’s ongoing feud with regulator more than his Twitter posts 

4) BBC renews licence rate selection contract with Capita  The deal to enforce the payment is truly worth £456m to Capita

5) NatWest faces £2m reparations for unfair dismissal of employee with cancer  Adeline Willis’s dismissal was ‘tainted with discrimination’

What happened overnight 

Asian markets fell on Friday adhering to a steep drop on Wall Street. Hong Kong, Tokyo, Sydney, Seoul, Singapore, Taipei, Wellington, Manila and Jakarta slipped, while Shanghai edged up slightly.

Coming up right now

  • Company: NatWest, Segro, TBC Bank (comprehensive-12 months success)
  • Economics: Retail sales (United kingdom) buyer confidence (EU)

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