Jubilee Bank
| Use attributes for filter ! | |
| Headquarters | Dhaka |
|---|---|
| Bangladesh | |
| Founded | 1913 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 1193433 |
About Jubilee Bank
Jubilee Banks is one of the oldest commercial banks in Bangladesh.
Retail sales fall at fastest rate since lockdown
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Rail strikes and flight cancellations: Are UK travellers heading for a summer of misery?
... Over the Jubilee Bank holiday, which coincided with many schools half-term breaks, 750 flights out of the UK were cancelled, according to aviation data firm Cirium...
Wizz Air sparks backlash over working with fatigue
... Like some airlines, Wizz Air has been forced to cancel flights over the recent Jubilee Bank holiday which coincided with schools half-term break because of " widespread shortages in staff"...
Shoppers spent less for second month in a row, says BRC
... Over the four-day Jubilee Bank holiday weekend, people did spend significantly more than the equivalent dates last year (which did not include a bank holiday) data from Barclaycard on Monday suggested...
Queen pulls out of Jubilee service appearance
... It had been hoped that the 96-year-old monarch would be attending the service of thanksgiving, on the second day of the Jubilee Bank holiday weekend, but it was always said her involvement would only be confirmed the previous day...
Passengers advised to fly with just one bag
... " So far, at least 377 flights out of the UK have been cancelled since 25 May, according to flight tracking firm Cirium, affecting thousands of people who booked holidays over the half-term break and the Jubilee Bank holiday weekend...
Travel disruption continues as 150 flights cancelled
... Up to two million people are preparing to fly over the next few days, with the Jubilee Bank holiday coinciding with half-term...
Jubilee Bank Holiday: What will the long weekend weather be?
...Jubilee Bank Holiday: What will the long weekend weather be? This video can not be playedTo play this video you need to enable JavaScript in your browser...
Retail sales fall at fastest rate since lockdown
Retail sales are falling at a rate " not seen since The depths of The pandemic" as price rises hit household budgets, a UK retail body has said.
Shoppers are cutting back on white goods such as fridges and dishwashers as well as opting for cheaper brands, The British Retail Consortium added.
Sales in shops and online have dropped for three months in a row, figures from The BRC and accountants KPMG indicate.
Prices in The UK are currently rising at their fastest rate for 40 Years .
Inflation - The rate at which prices Rise - with The increasing cost of food, energy bills and fuel putting pressure on households' finances.
Paul Martin, UK head of retail at KPMG, said people were cutting back on spending " against a backdrop of unprecedented price rises on The High Street".
He Said Online Shopping had continued to drop, with total sales down 9%. The biggest falls have been for purchases of furniture, home appliances and computing.
Helen Dickinson , chief executive of The BRC said: " While The Jubilee [Bank Holiday ] weekend gave food sales a temporary boost, and fashion sales benefited from The Summer Holiday and wedding season, This Was not enough to counter The substantial slowdown in consumer spending. "
Total sales decreased by 1% in The Five weeks between 29 May and 2 July 2022, against an increase of 10. 4% in June 2021, figures from The BRC and KPMG show. It followed declines in April and May.
Food Inflation meanwhile, could reach 15% this summer according to forecasts by The Institute of Grocery Distribution (IGD), meaning shoppers will be paying more for their essential groceries.
IGD chief executive, Susan Barratt said: " Shopping habits are changing; some 60% of shoppers are now spending time to save money - up from 55% in March. "
" With record petrol prices, being able to walk to a grocery store is also increasingly important, " she added, " with 27% of shoppers agreeing this is a driver of store choice, compared to 24% in May. "
The cutback in spending on white goods reported by The BRC's survey comes just days after online electricals retailer AO World said it was seeking to raise about £40m.
The Company 's share price had been falling after reported that credit insurer Atradius had cut cover for The Firm 's suppliers.
Without credit insurance, suppliers often demand upfront payments in case The Company they are selling to collapses and cannot pay its bill.
Source of news: bbc.com
