The business week (21-25 November 2016) in an infographic
Another end-of-the-business-week infographic where we look at some of the business news that attracted our attention during the week.
Bigger cars lead to demand for wider parking spaces | Monday, 21 November 2016
More than 30% of all car accidents in the UK are parking related. While the standard parking space for a car is 4.8m × 2.4m, with more people buying SUVs or other bigger cars the space is not enough. The infographic shows how a Mercedes GLS (doesn’t) fit in a standard parking space.
Kingfisher 3rd Quarter (ending 31 October 2016) Results | Tuesday, 22 November 2016
Kingfisher (B&Q, Screwfix) announced its Q3 results. Worldwide sales were £2,955m; an increase of 1.8% on like-for-like sales. Of the total sales, UK & Ireland’s share was 42.1%, France’s 38.8%a and Poland’s 11.4% . In the UK and Ireland (B&Q & Screwfix stores) the like-for-like increase was 5.8%.
Autumn Statement 2016 – Some Key Points | Wednesday, 23 November 2016
There was lots of anticipation for Philip Hammond’s first Autumn Statement (which apparently is going to be his last; the Autumn Statement becomes Spring Statement from now on). Tax personal allowance to increase by 4.5% (from £11,000 to £11,500 from April 2017). 4.2% increase of National Living Wage: from £7.20 to £7.50. There will be more public borrowing to cover increased spending.
Gatwick Airport H1 (ending 30 September 2016) Results | Thursday, 24 November 2016
In the first half of its financial year (ending 30 September 2016) Gatwick airport achieved a record-high 25m passengers . Total Revenue was £445.2m; 20% of the revenue comes from retail and another 12% from car parking.
Black Friday in the UK: Facts & Figures | Friday, 25 November 2016
Some facts, figures, forecasts related to Black Friday in the UK include:
- ASDA, the company which ‘imported’ Black Friday from the US does not participate in the event for a second consecutive year. In 2013, it had sold 10,000 TV sets in one hour of trading
- According to blackfridaydeathcount.com due to Black Friday related incidents 7 people have died in the US between 2006-2014. Another 98 have been injured.
- the total sales forecast for this Black Friday in the UK is £2bn
- Britons spent on shopping £3.74bn (almost double the amount) on 26 December (Boxing Day) 2015
- Alibaba.com’s revenue on Singles Day in China was £14bn on 11 November 2016.
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