Britain’s recovery slowed in July as the “pingdemic” hit both consumer spending and staffing in the country’s dominant services sector. Labour shortages, rising wages and higher costs also drove companies to raise their prices at the fastest pace in at least 25 years, according to the closely watched purchasing managers’ index for services in […]Read More

Since the advent of the first luxury beauty brands in the early 1900s, with signature red lipsticks pioneered by Elizabeth Arden, consumers have been drawn to quality skincare, cosmetics, and hair care, allowing them to achieve higher beauty standards. Arden’s lipsticks were followed by the rise of more extensively available cosmetics in the 1940s […]Read More

Dairy giant Arla, which supplies milk to all major UK supermarkets, has said a lorry driver shortage has forced it to cut back on its deliveries. UK managing director Ash Amirahmadi said the firm normally supplied 2,400 stores a day, but had been experiencing driver shortages since early April. “Last Saturday, there were 600 […]Read More

Video-conferencing firm Zoom has agreed to pay $86m (£61.9m) to settle a class action privacy lawsuit in the US. The lawsuit alleged that Zoom had invaded the privacy of millions of users by sharing personal data with Facebook, Google and LinkedIn. It also accused Zoom of misstating that it offers end-to-end encryption and for […]Read More

The price of timber has risen sharply with builders struggling to get supplies, as post-lockdown construction and DIY projects create huge demand. The Timber Trade Federation (TTF) said suppliers were “working around the clock” but are “struggling to keep up”. Climate change is also increasing the pressure on supply with more wildfires and pests […]Read More

McLaren has reportedly struck a deal to sell off its Applied Technologies division to Greybull Capital as the supercar maker continues to streamline its operations. According to Sky News, the deal could be announced as early as tomorrow, although details of the size of the deal were as yet unclear. It comes just weeks […]Read More

Mike Ashley is reportedly set to hand control of his retail empire to his prospective son-in-laww after nearly 40 years in charge of Sports Direct. The Telegraph reported that the Frasers Group chief executive could confirm the decision alongside the firm’s results on Thursday. It is expected that he will become the deputy chairman […]Read More

The market share of plant-derived drugs and treatments is growing at a fast pace. This is according to data from Grand View Research, with sales of this booming segment of the pharmaceutical industry finishing 2019 at $131.5 billion. Moving forward, data from GVR’s study indicates that the market should continue to grow at a […]Read More