News of the collapse of Carillion is sending shock waves throughout the construction sector as well as other industries. Thousands of suppliers and sub-contractors face the prospect of not being paid for work that has already been completed and invoiced. …
Lower margins and squeezed prices revealed a disappointing end to the Golden Quarter in the December Retail Sales, as it appeared consumers bought their spending forward to November 2017 with events such as Black Friday. Phil Mullis, Partner and Head of Retail and Wholesale at top-20 UK accountancy firm, Wilkins Kennedy, said: “December’s Retail Sales revealed a disappointing end to the Golden Quarter 2017 with a fall in purchase quantity of 1.5% compared to November 2017. Yes, there was small growth at 0.4% in the last three months compared to the previous three months but the overall trend is downwards. We continue to see inflation outstrip wage growth and while this remains it will be difficult for the retail sector to grow."