Economy
The latest news, updates and analysis on the economy and how it is affecting the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Jun- 2022 -20 June
Boots takeover in doubt amid financing struggles
There are reportedly growing concerns that the proposed takeover of Boots could collapse as the ongoing cost-of-living impacts prospective buyers…
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20 June
Deliveroo appoints new chief financial officer
Deliveroo has announced that it has appointed Scilla Grimble as its new chief financial officer. Grimble, who is currently chief…
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17 June
N Brown reports 2.1% fall in first quarter sales
N Brown has revealed its sales dropped 2.1% to £165.1m during the first quarter of the year. In the 13…
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16 June
BoE raises interest rates to 1.25%
The Bank of England’s (BoE) Monetary Policy Committee has voted to raise interest from 1% to 1.25% – marking its…
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16 June
Halfords lowers FY23 profit expectations despite ‘resilient’ performance
Halfords Group plc has announced it has downgraded its profit expectations for the year despite seeing its profit before tax…
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15 June
Games Workshop profits to hit £155m in FY results
Games Workshop has announced that its profit-before-tax is set to hit £155m in the year to 29 May 2022, while…
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14 June
UK unemployment rate hits almost 50-year low
The UK unemployment rate is close to a 50-year low point, having dropped by 0.2% to 3.8% for February to…
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13 June
Almost 650,000 UK retail jobs lost since 2017
Almost 650,000 jobs have been lost in the UK’s retail sector over the past five years, according to new figures…
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10 June
Inflation increases strain between supermarkets and suppliers
The increase in inflation and cost price has weakened the relationships between the UK’s supermarkets and their suppliers, according to…
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9 June
Retail sales dip in May as consumers cut spending
Sales across retail decreased by 1.1% in May, against an increase of 28.4% in May 2021, as consumers continued to…
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