market

The gorgeous market town with UK’s best high street and celebrity fan who says it’s ‘best of the best’

It looks like something out of a fairy tale.

It’s easy to see why this was named the best place to live in the UK. It’s got cobbled streets, Tudor buildings, colourful timber-framed houses, bustling market square, and range of independent businesses.

After several days of rain, the sun appeared just as I arrived to walk through the town chatting with locals enjoying the sunshine in the market square, exploring independent shops and admiring the timber-framed houses. This historic Essex town was named the best place to live in the UK by The Sunday Times in March 2025, topping a shortlist of 72 locations. Judges considered schools, transport, broadband speeds, mobile signals, access to green spaces, and the quality of the high street.

In stark contrast to so many dwindling high streets found across the country, Saffron Walden appears to be thriving with its bustling twice-weekly markets and a town centre that is estimated to be home to over 200 independent shops, cafés and restaurants. In 2024, the high street was also named among Britain’s top 32 by experts from Cheffins estate agents.

The town hosts its market on Tuesdays and Saturdays, a tradition dating back to 1141, and it’s a favourite spot for celebrity chef Jamie Oliver and his son River, with the celebrity chef having spoken in the past of visiting every Saturday. The TV star spoke highly of the community spirit and variety of produce at Saffron Walden Market, which was voted Best Small Outdoor Market in 2018.

He previously said: “I’m so lucky to have one of the best markets right on my doorstep. Saffron Walden is an absolute treasure trove of artisan suppliers, from Dan at Crystal Waters fishmongers to Saffron Wholefoods making incredible ingredients.

“Going every Saturday morning is the highlight of mine and River’s week – he loves it even more than me! We look at what’s in season, what looks good and what’s crying out to be cooked up! It’s a great way to connect with the local community and support the best of the best. I couldn’t love my local market more, make sure you go out and support yours.”

Felicity Norton, who has lived in Saffron Walden for more than 35 years, said the town’s charm has never faded. She said: “I’ve always loved Saffron Walden. It’s changed over the years, but it’s still a lovely, quiet little town.”

The town’s sense of place is rooted in both its history and stunning surroundings, from the grand stateliness of Audley End House and Gardens to peaceful walks through Bridge End Garden, a beautiful restored Victorian garden. The market town’s roots stretch back to at least the Neolithic period, evolving through a Roman-oBritish settlement and an Anglo-Saxon community before expanding under the Normans into a thriving medieval market centre, later gaining wealth and its distinctive name from the flourishing saffron industry of the 15th and 16th centuries.

Despite challenges facing high streets nationwide, Saffron Walden continues to attract a mix of independent retailers alongside well-known names such as Holland & Barrett. While some much-loved businesses and banks have closed over time, the town has welcomed a wave of new ventures bringing fresh energy.

Locals highlighted beloved stores including Between the Lines, Harts Bookshop, Talents gift shop and a number of independent clothing boutiques. Organic coffee shops like Esquires and Chater’s, a bakery, restaurant and cafe which even has its own on-site distillery, are among the places to stop and linger.

We were told by many local business owners that Chater’s must not be missed and that Oliver often goes there. It is known for its bold, seasonal cooking using the best local ingredients.

Among Ms Norton’s favourite spots is Neon Leo, described as “such a fun shop – they sell really different things in there”. Neon Leo is a rental and pre-loved fashion store founded by best friends Mandy Weetch and Abigail North in 2023. Located on Market Row, the shop is truly a world of its own, filled with colour, laughter and positivity. When entering the store, customers are greeted with a beautiful selection of clothing, sequins, glitter balls and art. Ms Weetch told the Express: “Saffron Walden’s got a huge amount of independent businesses.”

Ms North added: “The community is really active. People want to be part of it, whether you’re a business owner or a customer. We’ve never experienced that anywhere else.”

The pair said the town’s collaborative atmosphere sets it apart, with independent shops actively supporting one another and they also highlighted how Oliver comes every weekend to support local traders. Neon Leo hosts events emphasising confidence and self-expression through fashion, a movement they’ve dubbed “fashionism,” celebrating the power of women dressing how they want and defying outdated style rules, whether through small accessories or statement pieces.

“Ultimately, you should wear what you want, wear what you love,” Ms Weetch said.

Burtons Butchers is also beloved by local residents. The longstanding family-run shop serves premium meat products to customers, restaurants, hotels, and catering companies across East Anglia.

Since 2010, more than 1,000 butchers have closed across the UK, and the number of butchers in the UK has generally been shrinking in recent years, according to data sources such as Statista. The town also has a fishmongers, a beautiful independent bookshop and a library. Burtons Butchers was established in 1984 and serves a range of meats including venison sausages and local pork, beef and chicken sausages.

Andrew Northrop, manager of Burtons Butchers, said on market days there’s a great bustle, a “great energy” and “enthusiasm” from people for their town. “People like to see it do well and wish to support,” he added. Jamie Oliver often buys meat from the butchers and comes in with his family. They are proud to be his supplier and enjoy seeing him and having a chat.

Mr Northrop added: “You have to enjoy what you do, and when you’re passionate about it and enthusiastic people respond to that, and enjoy coming in here and the experience of coming in.”

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Walmart hits trillion dollar market cap for the first time | Retail News

Walmart has reached a $1 trillion market valuation, a first for the big-box retailer.

The company’s shares hit a high on Tuesday morning trade as the stock continues to soar on the news of a new CEO and looming trade negotiations with India, where the Arkansas-based company maintains a large presence both in supply chain and domestic markets within India. The stock was up 2.1 percent from the market open in midday trading.

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Walmart, which has 11,000 stores in 19 countries, joins a slate of nine corporate giants in the so-called trillion dollar club, including Nvidia, Apple, Alphabet, and Microsoft, among others. Amazon is the only other retailer that has broken the barrier and is now valued at $2.6 trillion.

Trade deal bump

On Monday, United States President Donald Trump announced a trade deal with India that would slash tariffs to 18 percent from 50 percent and that impacts Walmart, which has strategically shifted supply chain operations to India and away from China.

On Tuesday, in an interview with CNBC, US Trade Representative Jamieson Greer said that the White House is still ironing out the details of the deal, but that still hasn’t slowed Walmart’s stock from popping on the looming deal.

“We have an announcement of an India deal, but still no timeline about when it comes into effect and whether the secondary tariffs, the 25 percent linked to India’s purchase of Russian oil, when those would be removed, so I think there’s still a lot of questions,” economist Rachel Ziemba, founder of Ziemba Insights, told Al Jazeera.

While there are limited details on the specifics of the deal, markets are responding to tariffs likely to come down.

“Markets are, of course, forward-looking. I think this sort of reinforces a view in the marketplace that incremental tariffs will be less this year,” Ziemba said.

The big box retailer jumped from 2 percent of its global exports coming from India in 2018 to 25 percent in 2023, according to a Reuters review of import data in 2023. Walmart hopes to source $10bn in goods from India by next year.

At the time, the company also decreased its percentage of goods from China to 60 percent from 80 percent.

Walmart did not respond to Al Jazeera’s request for comment.

The Federation of Indian Export Organisations (FIEO), a lobby for exporters, said the cut in US tariffs will significantly boost Indian exports, including textiles and apparel, putting them on par with Asian peers, such as Vietnam and Bangladesh.

According to data from ImportYeti, a platform that tracks import contracts for major companies, Walmart’s biggest import areas are in home fabrics, apparel and toys.

“Those are the products facing the highest tariffs, while consumer electronics and other categories have largely been shielded. If the India–US deal becomes a reality, it would put tariffs on Indian goods entering the US at roughly the same level as those from Southeast Asia, making that supply-chain realignment more attractive. You also highlight the importance of the Indian market,” Ziemba added.

While the trade deal is in focus, Walmart has also invested significantly in India domestically, as well, and holds an 80 percent stake in India’s e-commerce giant Flipkart.

C-suite changes

The surge also comes concurrently with a shake-up in the C-suite. On Monday, John Furner took over as Walmart’s chief executive, succeeding longtime CEO Doug McMillion who announced his retirement late last year.

Furner, who started at the company in a job stocking shelves, has climbed up the ladder. Most recently, he served as the CEO of Walmart US, where he focused on key initiatives driving growth, including curbside pick-up. Prior to that, he served as the CEO of Sam’s Club, Walmart’s wholesale chain.

Furner’s appointment comes as the company grows as an e-commerce giant and intends to double down in AI tech, healthcare services, e-commerce, and hybrid options with its brick-and-mortar footprint.

“As AI rapidly reshapes retail, we are centralizing our platforms to accelerate shared capabilities, freeing up our operating segments to be more focused on and closer to our customers and members,” Walmart said in a statement last month.

“Walmart is masterful at brick-and-mortar retail and remains highly competitive with Amazon. I love that because it shows consumerism is still alive and well. Five years ago, the narrative was the fall of the mall and the decline of retail. This confirms the opposite. Walmart also has a clear strategy for retaining consumers and managing the customer experience,” Brett Rose, CEO and founder of United National Consumer Suppliers (UNCS), a distributor that focuses on excess inventories, which it provides to more budget-friendly retailers, told Al Jazeera.

The tech-centric focus comes as e-commerce has grown for the company, which reported a 28 percent jump in e-commerce sales compared with the previous quarter. Walmart is slated to release its next earnings report on February 19.

“What you need to look at is that Walmart has successfully become a marketplace, not as big as Amazon, but big enough to give it a run for its money,” said Rose.

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Scotiabank’s Global Head Of FICC On Staying Agile In A Volatile Market

Stephanie Larivière, managing director and global head of Fixed Income, Currencies, and Commodities (FICC) Sales at Scotiabank—which was named the Global winner of Best FX Derivatives Provider—explains how a client-first philosophy and advanced structured solutions enable businesses to proactively manage uncertainty, effectively diversify risk, and maintain agility in fast-moving currency markets.

Global Finance: Last year began with elevated G7 foreign exchange volatility driven by US election results, followed by a spike in volatility tied to the Trump administration’s tariff announcements. Implied volatility eventually subsided. Against this backdrop, how has client demand evolved for structured FX solutions and derivatives that combine FX with interest rate and other exposures?

Stephanie Larivière: Tariffs and the resulting uncertainty around international trade were top of mind for clients throughout 2025. In the first half of the year, the US Dollar Index vaulted back toward the highs we saw during the pandemic, and there were fears that it would be driven even higher as we grappled with the prospect of a global recession, given the US administration’s push for increased global tariffs. We saw increased interest in hedging and the need for structured solutions from clients in these early months as US dollar buyers worried about a sustained surge in the index and the impact on their cash flows. 

The outlook for exports to the US remains no less murky moving forward. As a result, client demand for structured FX solutions has only increased. Clients have focused on cost management and have incorporated flexibility into hedging programs via options-based solutions. By protecting existing profit margins while retaining the ability to participate in favorable moves in FX markets, these strategies have allowed clients to remain agile and adapt quickly to changing market conditions. 

GF: Have you observed currency diversification strategies or increased activity in non-dollar crosses from your customer base?

Larivière: The uncertain outlook for international trade and dissenting views on the Federal Reserve Open Market Committee have led to increased demand from clients to protect against further potential dollar weakness. As we settle into a lower-volatility regime, we have seen interest in expressing views in non-dollar crosses and some rotation into international and emerging-market equity exposure. 

One example was a strengthening Mexican peso as clients returned to expressing views via carry trades. We have also seen a weak Canadian dollar against other majors, driven by uncertainty over Canada’s budget, the size of the Carney government’s deficit, and questions about how the new US and Canadian administrations will work together. That said, the US dollar remains the dominant base currency in most commodities and currency trading.

GF: OTC interest rate derivative volumes have surged, nearly doubling for euro-denominated contracts and rising significantly for yen- and sterling-denominated contracts. How are clients adapting their strategies in response to this increased activity?

Larivière: There are a couple of factors at play here. Greater volatility in rates has caused volumes to surge. Central banks were also more in play over the second half of last year, which further contributed to this phenomenon. Both factors are responses to overexposure to the dollar and a shift to hedge against some of that exposure. We could see this continue to increase as larger institutional names right-size their exposure to the US.

GF: Are clients’ expectations changing around reporting transparency, multi-currency liquidity, and access to customized derivatives products?

Larivière: Clients are seeking bespoke hedging solutions built on a full suite of derivatives products across asset classes. These customized solutions are tailored to their unique company requirements, allowing clients to express market views while hedging underlying exposures. In addition to the increased flexibility these products provide, clients expect proactive advice that leverages expertise from sales, trading, strategy, and structuring teams.

At Scotiabank, we strive to provide thoughtful, well-coordinated ideas that help clients navigate the uncertainty of operating global businesses across borders in an uncertain international trade environment.

GF: What trends do you expect will shape FX and derivatives markets this year, particularly regarding volatility, market structure, and regulation?

Larivière: The Fed has embarked on a cutting cycle, though it remains unclear how deep the cuts will be. If yields continue to decline, we expect increased pressure on the dollar, leading to higher volatility. The FX market typically grows during periods of volatility; the shift away from yield-enhancement strategies toward a pickup in volatility should drive an increase in FX in 2026.

Another theme we are watching is the shifting regulatory landscape for digital assets. Regulatory changes that favor these assets will facilitate more interest and investment in the products.

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Charming market town home to the ‘finest house and garden’ you can visit for free

Surrounded by the picturesque countryside and boasting a lively market centre, this charming mill town offers no shortage of activities for those keen to explore its many attractions.

A charming market town in Lancashire boasts what’s been dubbed the ‘finest house and garden’ in the entire county – and the best part is, entry won’t cost you a penny.

Accrington, Lancashire’s well-kept secret, is packed with culture, stunning natural landscapes, and rich heritage, guaranteeing something special for every visitor who makes the journey. Nestled amongst rolling countryside and featuring a thriving market at its centre, this historic mill town offers no shortage of activities for those keen to explore its many attractions.

Among the standout destinations in Accrington is an art gallery housing the spectacular Tiffany Glass Collection, which art enthusiasts simply cannot miss.

The Haworth Art Gallery and Museum is an essential stop for lovers of art and history alike, and according to Visit Lancashire, it’s also where you’ll find ‘Lancashire’s finest house and garden’, reports Lancs Live.

Originally known as Hollins Hill, the Haworth Art Gallery and Museum was first constructed for siblings William and Anne Haworth, and has been carefully ‘designed in the Arts and Crafts style’.

Bequeathed by the brother and sister to serve as a museum, art gallery and public park for Accrington’s residents, this historically important building welcomes visitors throughout the year, with absolutely no admission fee.

Bursting with elaborate details and stunning features, every corner of this remarkable building has been ‘inspired by nature and made with a love of materials and craftsmanship’.

In its current incarnation, the property’s historic stables and coach house have been transformed into Artists’ Studios, providing workspace for numerous skilled artisans who create and sell their pieces on the gallery-museum’s prestigious premises.

Spanning nine acres of parkland, this historic site provides refuge in its rose garden, room to relax on sweeping lawns, or chances to wander through the woodland encircling this house-turned-gallery.

Guests can also enjoy a genuine dining experience at the venue’s licensed Gallery Kitchen, located in Haworth’s original Arts and Crafts dining room.

However, the standout attraction of the Haworth Art Gallery and Museum is arguably its stunning Tiffany Collection.

This assemblage of beautiful American glassware was presented to the town by Accrington-born Joseph Briggs, who, following an apprenticeship as an engraver, relocated to New York at just 17 years old.

Joseph worked at Tiffany for roughly 40 years, starting out as an errand boy before eventually ascending to managing director of the world-famous company.

This glassware collection, produced by the legendary designer Louis Comfort Tiffany, was dispatched by Joseph to Accrington in 1933. The iconic works remain on permanent public display throughout four themed galleries within the art venue.

One review of the art gallery and museum on Tripadvisor reads: “Beautiful art gallery with a wonderful collection of tiffany glass. The surrounding gardens are very pretty. Had a fantastic lunch in the cafe.”

Another satisfied visitor shared their experience: “Most interesting place which still has the feel of a large family home in the Arts and Crafts style with superb Tiffany exhibits and other items of interest. Excellent tea room and gift shop with pleasant gardens . We will definitely come again.”

Key information for visitors

Entry to the Haworth Art Gallery and Museum in Accrington, including parking at the gallery, is absolutely free. For 2026, the attraction welcomes visitors from January 1 to December 20, Wednesday through Sunday from 12pm to 4.30pm.

The Gallery Kitchen operates on the same days and dates, but timings differ slightly, with service starting from 11.30pm to 4.30pm. Last admission to the house is at 4pm and the building is closed over Christmas and New Year.

Must-see attractions in Accrington

For those keen to delve deeper into Accrington, Oswaldtwistle Mills is another must-see attraction in the town. This historic cotton mill played a crucial role during the Industrial Revolution and is the birthplace of the spinning Jenny.

Accrington also offers an array of splendid green spaces, including Oak Hill Park and Memorial Park situated in Great Harwood.

Those passionate about history and architecture shouldn’t miss the Victorian Market Hall during their stay – a landmark that opened for business in 1869 and continues to serve as the community’s beating heart – along with the Town Hall, a favourite venue for weddings and celebrations.

This delightful market town is also renowned for its yearly celebrations including the Soapbox Challenge and The Accrington Food Festival, offering visitors a delicious insight into the area’s culture and culinary scene.

Whether you’re a history enthusiast, art aficionado, or someone simply wanting to enjoy the natural surroundings and local character, Accrington provides plenty to suit every preference, allowing guests to discover the town’s enchantment for themselves.

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