Year: 2017
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Jan- 2017 -10 JanuaryEconomy
Last-minute Christmas rush boosts retail sales in December
UK retail sales continued to grow in December after consumers left their shopping until the final week before Christmas. The latest British Retail Consortium (BRC) and KPMG Retail Sales Monitor found UK retail sales increased 1% on a like-for-like basis from December 2015, when they had increased 0.1% from the…
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9 JanuaryEconomy
Pound falls on Theresa May’s Brexit comments
The value of the pound has fallen to its lowest point in two months following Prime Minister Theresa May’s announcement that the UK would seek a “hard Brexit”. Sterling fell by about 1% on average, with the pound being 1.06% against the dollar at $1.21 this morning. In an interview…
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9 JanuaryCurrent Affairs
Period jewellery soars 80% in value over past decade
Period and designer jewellery has grown more in value than the housing market, according to new figures from the Office for National Statistics (ONS). The research revealed the most rare and sought-after pieces of vintage jewellery have soared in value by more than 80% during the past 10 years. It…
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6 JanuaryCurrent Affairs
Hatton Garden raid: Woman claims to be missing £7m in gold
A woman has come forward after realising she is missing £7m of gold following the Hatton Garden heist in April 2015. The woman, who claims one of her safety deposit boxes was stolen during the raid, only realised it was missing after the trial of the gang last year, according…
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4 JanuaryRetailers
Aurum Holdings set for auction amid sales boom
The owner of luxury watch and jewellery group Aurum Holdings is reportedly preparing to sell the business after posting “strong sales” following the EU referendum. The company, which owns Goldsmiths, Mappin & Webb and Watches of Switzerland, could be sold later this year after its controlling shareholder Apollo Global Management…
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4 JanuaryEconomy
Shop prices show first sign of ‘upward trend’ in December
Shop prices have shown their “first sign of an upward trend” after deflation slowed during December. The British Retail Consortium (BRC) and Nielsen Shop Price Index revealed overall shop prices fell 1.4% in December, a deceleration from the 1.7% fall during the preceding two months. Non-food deflation accelerated to 1.9%,…
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3 JanuaryEconomy
Diamond prices decline in December amid ‘India liquidity crisis’
Polished diamond prices softened in December as Indian liquidity dried up due to the government’s demonetisation policy, which eliminated 500 and 1,000 rupee notes. The RapNet Diamond Index (RAPI), from the Rapaport Group, found the price of 1-carat, GIA-graded, polished diamonds fell 1.3% during the month, while 3-carat diamonds and…
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