News-In-Brief

Today’s news in brief-15/11/24

The UK economy stagnated in Q3 2024, with GDP rising just 0.1%, a sharp slowdown from 0.5% growth in Q2.…

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Today’s news in brief-14/11/24

The Range and Wilko owner, CDS Superstores, has acquired 70 Homebase stores after the DIY retailer entered administration. This move,…

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Today’s news in brief

Asda announced plans to cut 475 head office roles and reduce hybrid work arrangements, requiring staff to be in the…

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Today’s news in brief-6/11/24

Marks & Spencer (M&S) reported a strong half-year performance, with profits rising 17.2% to £407.8m for the period ending 28…

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Today’s news in brief-5/11/24

Primark’s profits surged by 51% to £1.1bn in FY24, as its parent company, Associated British Foods, credited a significant rise…

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Today’s news in brief-4/11/24

Asda co-owner Mohsin Issa and partner Victoria Price have taken a substantial stake in the Manchester-based secondhand clothing platform GoThrift…

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Today’s news in brief-1/11/24

Boohoo has appointed Debenhams CEO Dan Finley as its new chief executive, rejecting calls from Frasers Group owner Mike Ashley…

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Today’s news in brief-31/10/24

The UK retail industry has raised concerns following Chancellor Rachel Reeves’ Autumn Budget, which aims to generate £40bn through measures…

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Today’s news in brief-30/10/24

Next is on track to surpass £1bn in profits for the first time, following a strong performance in autumn. The…

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Today’s news in brief-29/10/24

The British Retail Consortium (BRC) has urged the chancellor to prioritise keeping prices low as shop price deflation reached 0.8%…

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