Business – nciec

Toy sellers pin Christmas hopes on grandparents’ spending

November 10, 2021November 4, 2021 - by nciecorg

A squeeze on parents’ budgets and concerns over shipments for Christmas have dominated the festive run-up. One analyst said grandparents would play a bigger role in buying toys. Early indications …

Business

Average house price now more than £250,000, says Nationwide

November 9, 2021November 4, 2021 - by nciecorg

The building society said the average house price was £250,311 in October, up 0.7% on the previous month. It said this was an increase of £30,728 since the start of …

Business

Next warns sales will slow down over Christmas

November 8, 2021November 4, 2021 - by nciecorg

The retailer said sales had risen by 14% in the last five weeks, but forecasted they would only increase by 10% by the end of the year. It said this …

Business

Chip crisis: Christmas shoppers face disappointment, Arm boss warns

November 7, 2021November 4, 2021 - by nciecorg

Simon Segars, chief executive of chip firm Arm, said the mismatch between supply and demand is “the most extreme” he has ever seen. The “unprecedented” crisis won’t be completely fixed …

Business

COP26: UK firms forced to show how they will hit net zero

November 6, 2021November 4, 2021 - by nciecorg

By 2023, they will have to set out detailed public plans for how they will move to a low-carbon future – in line with the UK’s 2050 net-zero target. An …

Business

Ikea to raise prices as supply chain problems bite

November 4, 2021November 4, 2021 - by nciecorg

On Wednesday, Ikea reported a drop in full-year profit due to higher transport and raw material costs. In the coming year it will pass some of these costs on to …