consumer-demand
BusinessAfter christmas relief UK retailers face 2023 reality check
BusinessGlobal supply chain alignments could be the make-it-or-break-it element for the economy
Top StoriesUK manufacturers expect output to fall 3.2% in 2023
Top StoriesUK consumer industries warn curbing energy support will hit demand
Euro zone demand surge playing increasing role in excessive inflation: ECB
Date: October 7, 2022
FRANKFURT (Reuters) – Surging consumer demand across the euro zone is playing an increasing role in excessive inflation, a European Central Bank study showed on Friday, suggesting that – as some policymakers have feared – price pressures are becoming more entrenched. Inflation, running at a record high of 10%, was initially driven by surging energy...
UK’s top manufacturing body slashes forecasts for 2023
Date: September 22, 2022
LONDON (Reuters) – Britain’s manufacturers association on Thursday slashed its forecast for growth in factory output next year, citing huge uncertainty around demand and energy prices. Make UK downgraded its forecast for manufacturing growth for next year to just 0.6%, down from the 1.7% forecast in June. Soaring energy costs, caused by Russia’s ongoing invasion...
Royal mail warns of FY loss if four days of strikes go ahead
Date: August 10, 2022
(Reuters) -Royal Mail warned on Wednesday that it could post a loss in the UK for the full-year 2022-23, if four days of strike called by the Communications Workers Union (CWU) in August and September went ahead. The CWU, which represents more than a 100,000 Royal Mail postal workers, said British postal workers will hold...
Amazon’s net loss prompts query: Has it built too many warehouses?
Date: April 29, 2022
By Jeffrey Dastin (Reuters) – In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand. It turns out, Amazon may have built too much, too soon, analysts say. The world’s largest online retailer on...
Delta sees return to profit as travel demand hits ‘historic’ levels
Date: April 13, 2022
By Rajesh Kumar Singh CHICAGO (Reuters) -Delta Air Lines Inc on Wednesday posted a smaller-than-expected quarterly loss and forecast returning to profit in the current quarter on the back of a booming travel demand, sending its shares higher. The company said robust consumer demand not only helped it post a “solid” profit in the month...
Delta sees return to profit as consumer travel demand hits ‘historic’ levels
Date: April 13, 2022
By Rajesh Kumar Singh CHICAGO (Reuters) – Delta Air Lines Inc on Wednesday reported a quarterly loss, but forecast a return to profit in the current quarter as airline travel demand reaches record heights. The Atlanta-based company’s adjusted loss for the first quarter came in at $1.23 per share, compared with average analyst estimates of...