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Business

Cost of average UK Christmas dinner rises by 6.5%, says Kantar; Ashtead to move listing to US – as it happened

Christmas dinner for four costs £32.57 as price of turkey and vegetables rises; wider grocery inflation climbs to 2.6% Online card and gift specialist Moonpig has slumped £33m into the red after sales of experiences were hit by the cost of living crisis. The company wrote down the value of its experience gift arm, which sells vouchers from just under £30, by almost £57m, saying it faced a “challenging market environment” and was “more sensitive to the economic cycle than the rest of the group.” It’s promising to see that positive government action in response to earlier decline is beginning to pave the way to industry clinical trials recovery, although the UK still has a long way to go to return to its previous globally leading position. We urge the government and delivery partners to focus on the recommendations set out in our report to accelerate progress. Positioning industry clinical research as a key element in the forthcoming Life Sciences Sector Plan and NHS 10 Year Plan will send a signal to global industry that the UK is open for business again. Continue reading...

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