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News for Retail & Consumer

Thursday, September 15, 2016
Bank of England Leaves Rates Unchanged
In a move that has surprised nobody, the Bank of England has left interest rates at the historic low of 0.25%.

Tuesday, September 13, 2016
Bond Buying Scheme to Benefit Electricity Firms
The Bank of England’s new bond buying programme will benefit electricity companies the most according to documents published by the bank yesterday.

Monday, September 12, 2016
Studies Reveal Brexit Aftermath
Brexit has only minor effect on the economy according to a recent study by BDO.

Thursday, September 08, 2016
Pound Hits Two Month High Against the Dollar
The pound hit a two month high against the US dollar, hitting a high of $1.34.

Tuesday, August 30, 2016
Apple may be forced to pay billions of euros in back taxes
Under European Union laws, the deal between Republic of Ireland and giant Apple to minimise its tax bill in the country is considered illegal as it enabled Apple to “legally channel international sales through Ireland to take advantage of that tax deal”, according to this BBC report.

Wednesday, August 17, 2016
44% of retailers expect negative impact in their supply chain as a result of Brexit
The Barclays report which surveyed 100 senior B2B executives prior to the referendum and 68 retail post Brexit revealed nearly a third of UK retailers are considering changing suppliers.

Wednesday, August 10, 2016
Google acquires e-commerce platform Orbitera -
Google has indicated its renewed focus on cloud computing with the acquisition of Orbitera, a company that provides an e-commerce platform for buying and selling software.

John Lewis increases procurement savings by 50%
John Lewis Partnership has managed to increase savings by 50%, by restructuring its procurement department. This was part of the Director of Procurement’s plans and he managed to implement it without any loss of reactive capacity.

Tuesday, August 09, 2016
Amazon reveals own plane for fast deliveries
Amazon has unveiled its first branded cargo plane, to bolster its supply chain capacity as it expands its one and two-day ‘Prime’ delivery service, hoping to “ensure great delivery speeds for our Prime members for years to come”, according to Dave Clark, senior VP of worldwide operations at Amazon.

Wednesday, July 27, 2016
Amazon plans to test delivery drones in the UK are approved
Amazon will pioneer a series of drone delivery tests along with the Civil Aviation Authority (CAA), which will be fully involved.

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