UK recovery ‘levelling off’ as firms struggle to find workers; supply chain problems continue – business live
by Graeme Wearden from on (#5P9FA)
Rolling coverage of the latest economic and financial news
- Bank of England's Andrew Bailey: concern is getting jobs filled
- Bailey: Imbalances driving up goods inflation
- UK small businesses: share your thoughts on health and social care levy
- US jobs vacancies at record
- Halfords joins list of firms hit by supply chain problems as bike sales dive 26%
- Morrisons takeover battle heading for auction
- Amazon UK arm pays 3.8m more corporation tax despite 1.9bn sales rise
Shares in home furnishings group Dunelm are also rallying this morning, up 8% as it overcomes supply chain problems to report strong sales.
Dunelm grew its total sales by 26% in the 12 months to 26 June 2021, its final results show, despite its stores being closed for a third of this financial year during the pandemic.
Whilst the macro-outlook remains uncertain and we are seeing some industry-wide issues such as ongoing supply chain disruption and inflationary pressures from raw materials, freight costs and driver shortages, we feel well placed to continue managing these challenges.
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