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Posts tagged to uk

Angling Direct: Attempt to consolidate fishing industry

MarketLine

Angling Direct is the largest specialist fishing tackle and equipment retailer in the UK. The company had humble beginnings, starting as a single tackle shop in the Norfolk Broads. As of 2018, it sells a comprehensive range of over 21,500 fishing tackle products and associated angling paraphernalia, including its successful own brand, ‘Advanta’, launched in March 2016. In July 2017, the company cast off into the Alternative Investment Market (AIM) on the London Stock Exchange, entering the next stage of growth. The initial public offering raised GBP9m ($11.6m) to fund… Read more

New Zealand: New efforts to curb skyrocketing house prices

MarketLine

New Zealand has the world’s most frenetic property market, with prices in Auckland, New Zealand’s largest city, now outstripping London. In 2017, New Zealand house prices were the most unaffordable in the world and prices in Auckland have risen by 75% over the last four years alone. Home ownership is also low with only one quarter of New Zealanders owning a home. The last five years have also witnessed a rise in homelessness. At the same time, New Zealand has recently become known as a get-away for the foreign super-rich… Read more

Tesco & Carrefour – Strategic partnership protecting wafer thin margins

MarketLine

All the big traditional supermarkets are trying to cut costs and improve profitability, as they adapt to an array of pressures and changes which are reshaping the industry. Grocers in Europe have come under pressure in recent years from the expansion of Lidl and Aldi, the German discounters that offer a narrower range of products bought in huge volumes at deeply discounted prices. Additionally, traditional grocers are under increased pressure from Amazon fearing the potential disruption it could cause in the grocery sector. As efforts by traditional retailers to shore… Read more

New Zealand: Halt to offshore drilling

MarketLine

New Zealand pumped an average of just 31,000 barrels of crude oil a day in 2017, according to data from the US Energy Information Agency (EIA), a fraction of the 913,000 barrels produced daily in the North Sea. The country’s annual oil production makes up just 1.4% of the country’s economy. The industry is already in decline after a downturn in the global market from 2014 took a heavy toll on its earnings. Crude oil production declined in 2016 to the lowest level in a decade, and spending on production… Read more

The world’s first plastic-free aisle: A key moment in the war against plastic pollution

MarketLine

The stark reality of the damaging nature of plastic packaging has become increasingly evident in recent years, which has placed pressure on the global community to take action. Supermarkets in particular are guilty of using layer upon layer of plastic to package perishable food items, which over time has caused irreversible damage to the environment. The introduction of Ekoplaza’s plastic-free aisle is a landmark moment in a fight against plastic pollution, showcasing to the world that the concept is possible, scalable and well received. The move to launch the world’s… Read more

UK sugar tax – Attempts to curb rising levels of obesity

MarketLine

The UK is the most obese country in Western Europe, and the sixth most obese country in the world. Around 26.9% of the British population has a body mass index of 30 and above, according to the OECD report and the cost of treating ill health caused by obesity and related issues is rising fast, threatening the NHS budget. The government, long criticized for taking no action to tackle this issue, decided to introduce a Soft Drinks Industry Levy, in the hope that the increased cost will stop people from… Read more

Chinese ban on waste imports: End to off-shoring dirt

MarketLine

Introduction of the ban on imported solid waste, coming to force in China as of January 1, 2018, means the country will be importing a lot less of foreign waste material, and replacing it with recycled material collected in its own domestic market instead. China’s dominance in manufacturing means that for years it has been the world’s largest importer of recyclable materials. The country’s hunger for plastic, the most difficult waste material to dispose of, has spawned a lucrative industry where plastic waste was purchased from the international market and… Read more

The Independent: Independent No More

MarketLine

On March 25, 2010 the failing Independent newspaper was bought for £1 ($1.30) by the Russian Lebedev family. Since then, father-and-son team Alexander and Evgeny have invested over $140m and the newspaper – now an online-only publication – has been revitalized while maintaining its traditional pro-free speech, left-wing approach to reporting. The recent politicization of young people in the UK – driven by their defeat in the EU membership referendum when young people voted overwhelmingly in favor of remaining a member – is one of the driving forces behind the… Read more

Minority Conservative government: Hung parliament will provide a better deal for business

MarketLine

The declaration of a hung parliament but with a Conservative party government is good news for the economy and businesses because the likelihood of a ‘hard Brexit’ has suddenly been reduced because in order to survive, the government will require support from opposition groups. Given the opposition parties are all but wholly united on a ‘soft Brexit’, the policy of the previous government could be about to change radically. The change makes the possibility of the UK buying access to the single market and passporting much greater than has been… Read more

Food Waste in the UK: Government and retailers must do more

MarketLine

In recent years, there has been a growing awareness of food waste in the UK and a number of initiatives developed in an attempt to reduce this. Several retailers in the UK have pledged to drive down food waste from stores, while numerous campaigns have aimed to educate individuals and cut the amount of food waste from households. UK charity, Waste & Resources Action Programme (WRAP), has been at the forefront of campaigns. In 2007, WRAP launched its ‘Love Food Hate Waste’ campaign backed by the government. Results from some… Read more

Another headache for RBS as European Commission probes plan to abandon Williams & Glyn sale

MarketLine

It seems like an eternity since the European Commission (EC) told RBS that it needed to divest of some of its banking operations as a result of receiving state aid in the form of a bailout. The EC argued that it would be unfair to enjoy such a position of power in the UK banking market (particularly in the SME segment) having needed such an injection of government cash. Almost nine years on from receiving that funding, the bank is no closer to any such divestment, having seen three separate… Read more

School Holiday Price Hikes: Families exploited by unfair system

MarketLine

UK holiday companies are renowned for raising prices in school holiday periods. Significantly raising prices during these times allows prices to remain low for the rest of the year. As such, while certain consumers bear the brunt of this with prices rising by as much as 115%, others can reap the benefits. The travel industry in the UK is intensely competitive. The traditional model of a high-street operator selling holidays face-to-face at a heavily marked up price is no longer feasible. The surge of online travel companies offering package holidays… Read more

Next alone in its Christmas disappointment

MarketLine

The Christmas trading period is the most important time of the year for retailers, accounting for a significant proportion of a company’s sales and profit. In January 2017, numerous UK retailers revealed their Christmas 2016 trading results, with many high street retailers hailing the festive period a success. A notable exception to this was Next PLC, which revealed it had faced a difficult Christmas trading period and warned of a problematic retail environment in the UK as a whole. On 4th January 2017, Next was the first high street retailer… Read more

Brexit and Trump’s disastrous effect on science

MarketLine

2016 has been a rollercoaster of a year with regards to political incidences. With the UK voting in favor of leaving the EU in June 2016 and then a follow up of the US voting for President-elect Donald Trump in November of the same year, this has led to a degree of uncertainty in the scientific field. With funding at the forefront of scientific research and the advancement of scientific breakthroughs, the future has been thrown into turmoil as the individuals working in both countries, the US and the UK,… Read more

Uncertainty over political events trumps fundamentals as markets fall

MarketLine

On Thursday June 23, 2016 the UK went to the polls to decide on its future as a member of the European Union (EU). By a small margin, the country opted to leave and despite the fact that no steps to enact Article 50 have yet been taken by Theresa May and her government, speculation about an imminent implosion of the British economy has been rife, damaging the value of the Pound and serving as a rather convenient scapegoat for everything from companies’ poor performance to increased prices, to political… Read more

UK Economy – held back by euro area Treaty

MarketLine

The Maastricht Treaty has been slowly asphyxiating any possibility of sustained economic recovery in Britain. It has been partially responsible for the erratic recovery of manufacturing, production and construction industries. The Gross Domestic Product (GDP) of Britain peaked back at pre-crisis level in the second quarter of 2013 driven mainly by the growth of the services industry. This industry is 13 per cent larger in value compared to 2009 (figure below). Production, construction and manufacturing industries are on average 7% smaller than their pre-crisis levels. The majority of UK industries… Read more

Better the devil EU know?

MarketLine

Thursday 23rd June is set to be one of the most hotly-anticipated and controversial days in British political history, as UK citizens vote in a referendum to decide whether or not they wish to remain a member of the European Union. The referendum – promised by Prime Minister David Cameron in his 2015 election manifesto – has now entered the final stages of campaigning. As both the ‘in’ camp, led by Britain Stronger in Europe, and their opponents Vote Leave ramp up the pressure it is still almost impossible to… Read more

Hit hard by austerity measures

MarketLine

The rate of unemployment is closely watched by the government as an important measure of success or failure of economic policies. According to the Office of National Statistics (ONS), unemployment in the United Kingdom declined from a peak of 2.65m in December 2011 to 1.84m in February 2015. Close to 800,000 workers found a job between December 2011 and February 2015. Additionally, according to BBC news, ONS also claims that “the employment rate now stands at 73.3%, the highest rate of people in work since the ONS began keeping records… Read more

Goodbye, (Alastair) Darling? What happens if Scotland says “Aye” to Independence?

MarketLine

As the referendum date draws closer (Thursday 18th September 2014), a shock narrowing in the polls has led to the establishment contemplating what was once considered unpalatable- the dissolution of the United Kingdom as Scotland seeks political independence. As the “Better Together” campaigns’ lead has gradually eroded, with a tight margin in favour of independence now, the economic ramifications of independence could be huge for both the remainder of the UK and Scotland. Both camps have published analyses of what would happen, with both attracting criticism. As the Better Together… Read more