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Second-hand first choice for one in 10 consumers – survey

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Second-hand first choice for one in 10 consumers – survey



Buying second-hand has been the first choice for one in 10 consumers when purchasing items other than food so far this year, according to a survey.

Some 8% of people of all ages report using reselling sites as their main way of buying non-grocery goods so far in 2026, rising to 15% of those aged 18 to 24, the poll for KPMG found.

Based on personal income, those earning between £30,000 and £35,000 have bought the most using resale platforms this year.

A third of people (33%) say they have sold an item via a reselling site this year, averaging five items across all age groups.

Those earning between £35,000 and £40,000 say they have sold the most items, on average, KPMG found.

A fifth of people (18%) have yet to sell an item on reselling sites this year, but plan to do so at some point.

Asked which best described the type of retailer they have bought non-grocery items from, 21% said they mainly shopped online from UK marketplaces such as Amazon or retailer sites such as Tesco or B&Q.

A fifth (19%) shopped mainly in the stores of well-known UK retailers and 14% mainly bought items online from UK stores.

Some 5% shopped mainly only from international marketplaces such as Shein or Temu, 5% mainly from independent UK retailers, and 14% said they had not bought anything that was not groceries.

Linda Ellett, head of consumer and retail for KPMG UK, said: “The growth of consumer-to-consumer selling platform use is shaking up the UK retail landscape, with a combination of factors increasing the popularity of buying and selling pre-loved goods.

“These range from the ability to buy cheaper, making some extra money, consumer belief in sustainability, the range and quality of items offered, through to the simplicity and convenience of use.

“Resale popularity is impacting the purchasing of new items on the high street and reacting to the clear demand case for reselling and pre-loved items, some retailers are introducing their own reuse services – offering refurb and authenticity as potential reasons to choose them over a consumer-to-consumer platform.

“With the cost of living remaining high and sustainability a consumer priority, reuse growth looks set to continue.”

OnePoll surveyed 3,000 UK consumers between March 5-16.



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Aurobindo Pharma gets board nod for Rs 800 crore share buyback plan – The Times of India

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Aurobindo Pharma gets board nod for Rs 800 crore share buyback plan – The Times of India


Hyderabad: Aurobindo Pharma’s board on Monday approved a Rs 800 crore share proposal to buy back up to 54.23 lakh fully paid-up equity shares of the company of face value Rs 1 each at Rs 1,475 a share.The proposed buyback, which is subject to regulatory and statutory approvals, represents up to 0.93% of the total number of equity shares in the company’s total paid-up equity share capital.The Hyderabad-based generics drug maker informed the bourses that April 17, 2026, has been fixed as the record date to determine shareholder eligibility and entitlement for the buyback, which will be carried out through the tender offer route on a proportionate basis, in line with SEBI’s Buyback Regulations and the Companies Act.All eligible equity shareholders, including promoters and promoter group entities holding shares on the record date, will be entitled to participate in the offer for which the company has already constituted a buyback committee.The company also said the board or buyback committee may increase the buyback price and correspondingly reduce the number of shares to be bought back up to one working day before the record date but the overall size will remain unchanged.The Rs 800 crore buyback size excludes transaction costs and related expenses such as brokerage, taxes, filing fees, legal charges and publication expenses, it said.The latest buyback comes less than two years after the last buyback offer aggregating to Rs 750 crore that was made at Rs 1,460 a piece in August 2024 by the company.As of December 31, 2025, promoters and promoter group entities held 51.82% stake in the company, mutual funds 19.52%, foreign portfolio investors 13.94%, insurance companies 5.50%, and public shareholders and others 7.93%.



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London charity ‘feels the pinch’ of higher energy and fuel prices

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London charity ‘feels the pinch’ of higher energy and fuel prices



The Felix Project is among the organisations feeling the effects of increased costs due to the conflict in Iran.



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‘Positives’ for Jersey tourism despite Iran war uncertainty

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‘Positives’ for Jersey tourism despite Iran war uncertainty



Bosses say a good start to the year has been put at risk, but opportunities have also emerged.



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