Business
Whittlesey butcher makes appeal for customers on social media


A shop that has housed butchery businesses for more than 100 years could face the chop unless more people use it.
Jones Butchers has stood on Broad Street in Whittlesey, near Peterborough, since 1957 and before it, two other butchers dating back to the early 1900s have been there.
Mark Field, a butcher with 30 years’ experience, took over the business in June but has appealed for more customers on social media, putting his struggles down to the cost of living and the convenience of supermarkets.
Trade association National Craft Butchers (NCB) said beef prices were at an historic high, with the cost of meat generally rising 17%, which had made it tough for independent butchers.

After always working for other people in the butchery industry, Mr Field, 47, thought he would try and go it alone and run his own shop after an opportunity arose.
“I am not regretting taking it on because I have a love for the job and I’ve always wanted to do this,” he said.
But despite a summer perfect for barbecues, Mr Field said he had already been forced to cut down on staffing hours and upped his own shift patterns, working 60 hours a week.

“Things have picked up a bit since I made the plea for more customers on Facebook last week, so I will keep my fingers crossed”, he said.
But he added: “The cost of meat has been rising across the board, and I think younger people can sometimes feel intimidated by coming in to a shop where they have to ask for something. They prefer picking up meat in packs from a supermarket.”

Adrian Cornwell, who runs Bent and Cornwell in Ely, noticed that business had also been quieter this year.
“We can’t compete with supermarkets on prices, but what we can do is share our vast knowledge with our customers on how best to prepare various cuts of meat,” he said.
Mr Cornwell added that he had tried to replicate how the supermarkets displayed their meat, because “that’s what the shopper expects”.
He agreed with Mr Field that the younger generation seemed to forgo visiting butchers’ shops, preferring the convenience of the supermarket.
Beef prices have increased to historic highs of £7 per kg due to constrained supply and continued consumer demand, said NCB.
According to the British Retail Consortium, food prices rose by 4% in July from a year earlier.
Meat prices have also increased by 17% up to June this year.

John Mettrick, legislation director at NCB and a fifth generation butcher, said it was “tough for all businesses on the High Street, not just butchers”.
He said his own shop had managed to entice younger customers by selling “kitchen-ready” meals.
“I do a thing called ‘fake-a-ways’, stir fries, Indian dishes, all prepared ready for the oven, it saves so much time,” he said.
Business
Stock Market Ends Week On Positive Note, Clock 8 Consecutive Session Gains Despite Uncertainties

Mumbai: The Indian equity indices ended the week on a positive note on Friday, maintaining the winning streak for the eight consecutive trading sessions despite geo-political uncertainties.
Optimism over a potential rate cut by the US Fed, positive developments in India-US trade talks and buying in defence stocks fueled the market sentiment.
Sensex settled the session at 81,904.70, up 355.97 points or 0.44 per cent. The 30-share index started trading with a decent gap-up at 81,758.95 against last day’s closing of 81,548.73. The index extended the momentum further amid positive global cues to hit an intraday high at 81,992.85.
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Nifty closed at 25,114.0, up 108.50 points or 0.43 per cent.
The national market closed at a three-week high, supported by renewed global optimism over a potential Fed rate cut. Sentiments improved further on reports that the EU may reject U.S. tariff proposals on India for buying Russian oil, analysts said.
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Progress in the US-India trade talks is also expected to keep the positive momentum intact in the near term. The defence sector outperformed, aided by the Indian procurement authorities beginning negotiations for six next-generation conventional submarines, analysts added.
BEL, Bajaj Finance, Bajaj FinServ, Axis Bank, Maruti, Tata Motors, ICICI Bank, L&T, Infosys, and PowerGrid were the top gainers from the Sensex basket. Eternal, Hindustan Unilever, Trent, Asian Paint, Bharati Airtel and ITC settled lower.
The majority of sectoral indices settled higher. Nifty Fin Services jumped 184 points or 0.70 per cent, Nifty Bank escalated 139 points or 0.26 per cent, Nifty Auto increased 122 points or 0.46 per cent, and Nifty IT settled the session 107 points or 0.3 per cent. Nifty FMCG fell.
Broader indices followed suit as well. Nifty Smallcap 100 moved 114 points or 0.64 per cent, Nifty Midcap 100 jumped 183 points or 0.32 per cent, and Nifty 100 closed 106 points or 0.41 per cent.
Rupee traded positively with gains of 0.18 per cent at 88.27 as mixed FII inflows supported sentiment.
“The dollar index remained weak below 98, providing additional strength to the rupee, while ongoing trade deal talks with the US also added optimism. Weakness in crude prices offered further minor support,” said Jateen Trivedi f LKP Securities.
Overall, the rupee looks set to gain some lost ground with scope to test 87.75 in the coming days, while 88.50 is seen as a reversal resistance zone, he added.
Business
UK economy flatlined in July after sharp contraction in manufacturing

The UK economy flatlined in July as the biggest contraction for a year in the manufacturing sector offset a bumper month on the high street.
The Office for National Statistics (ONS) said there was zero growth in gross domestic product (GDP) month on month in July, against 0.4 per cent growth in June.
It came after the manufacturing sector saw activity pull back by 1.3 per cent – the biggest contraction since July 2024. This held back growth in the wider economy, with the services sector up 0.1 per cent thanks to an expansion of 0.6 per cent in retail and construction growing by 0.2 per cent.
Liz McKeown, director of economic statistics at the ONS, said: “Growth in the economy as a whole continued to slow over the last three months. While services growth held up, production fell back further.
“Within services, health, computer programming and office support services all performed well, while the falls in production were driven by broad-based weakness across manufacturing industries.
“In the latest month, GDP showed no growth, with increases in services and construction offset by falls in production. Falls in production were driven by broad-based weakness across manufacturing industries.”
Services output grew 0.4 per cent and construction by 0.6 per cent across the three months to July, contributing to an overall rise of 0.2 per cent for the economy across the summer period.
However, that means a third consecutive slowdown period as, in one expert’s words, the economy “grinds to a halt”. Lindsay James, investment strategist at Quilter, pointed out that even the areas that showed growth in the last three months are slowing – a direct consequence of the government raising costs for employers.
“After a positive first half of the year, UK economic growth is slowly grinding to a halt once again,” said Ms James.
“GDP failed to grow month-on-month in July, and slowed to just 0.2 per cent on a three-monthly basis. This increase was driven primarily by the services and construction sectors, but production output fell. However, growth is slowing in these sectors and is likely the result of actions taken by the Labour government now being realised, with the increase in employer national insurance contributions having a significant impact on business confidence.
“With the summer now over and the economy supposedly getting out of its slumber, we now face continuing uncertainty in the lead-up to the budget in November given the precarious position the chancellor finds the public finances in. It is estimated that the fiscal hole that needs to be plugged is anywhere between £20bn and £50bn. While that is a wide range, it means one thing for a government that has shown it will struggle to cut spending – more tax rises.”

On the latest figures, a Treasury spokesperson said: “We know there’s more to do to boost growth, because while our economy isn’t broken, it does feel stuck.
“That’s the result of years of underinvestment, which we’re determined to reverse through our Plan for Change. We’re making progress: growth this year was the fastest in the G7; since the election, interest rates have been cut five times, and real wages have risen faster than they did under the last government.
“There’s more to do to build an economy that works for, and rewards, working people. That’s why we are cutting unnecessary red tape, transforming the planning system to get Britain building, and investing billions of pounds into affordable homes, Sizewell C, and local transport across the country.”
In response, Sir Mel Stride MP, shadow chancellor of the Exchequer, said: “Any economic growth is welcome – but this government is distracted from the problems the country is facing.
“While the government lurches from one scandal to another, borrowing costs recently hit a 27-year high – a damning vote of no confidence in Labour that makes painful tax rises all but certain.
“It is little wonder that Starmer has stripped Reeves of control over the Budget. But sidelining her is not enough – he must also reject her failed economic approach that has left Britain poorer.”
Rachel Reeves is scheduled to deliver the Budget on 26 November.

Ben Jones, lead economist at the CBI, added: “The sunshine may have lifted consumers in July, but the broader economy stayed stuck in the shade. Growth was uneven across sectors, highlighting that underlying demand remains more fragile. Speculation about new business taxes is casting a long shadow. Amid rising cost pressures, firms are already holding back on hiring and investment and are wary of weeks’ more Budget uncertainty.
“The government cannot tax its way to growth and continue to raid corporate coffers. With the Autumn Budget fast approaching, the chancellor must deliver a decisive, pro-growth package by committing to serious tax reform. It’s the structure of our system – from punitive business rates to the restrictive VAT threshold and stamp duty – that holds back economic progress, not just the rates themselves.”
Additional reporting by PA
Business
Pakistan Stock Exchange Hits Record Gains, Dollar Weakens – SUCH TV

At the start of trading on the Pakistan Stock Exchange (PSX), the market witnessed a surge, while the US dollar also saw a slight decline.
The KSE-100 Index rose by 60 points at the opening, bringing it to 156,201. Yesterday, the index had closed at 156,141.
Meanwhile, in the interbank market, the US dollar decreased by 6 paisas, falling from Rs 281.56 to Rs 281.50.
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