Bank of England launch digital currency consultation
The potential introduction of an official version of bitcoin will have to wait for at least four years, the Bank of England has said.
Officials...
Marks & Spencer raises profits outlook
Marks & Spencer has increased its annual profits outlook for the second time in less than three months after a sales rebound, but warned...
Primark will not raise prices despite surging costs, bosses promise
Primark will not increase its prices despite soaring costs, the boss of the fashion retailer’s parent firm Associated British Foods (ABF) has said.
George Weston,...
Watches of Switzerland raises sales guidance after strong UK sales jump
Watches of Switzerland has lifted its sales and earnings guidance on the back of a strong post-pandemic recovery, sending shares surging in early trading.
The...
Cake Box reports sales surge as it plans further store openings
Cream cake retailer Cake Box has reported a surge in sales after pandemic restrictions eased, as it also confirmed plans for a raft of...
Superdry stock delayed by up to six weeks during supply disruption
Superdry has suffered delays of up to six weeks in dispatching its wholesale stock but said it believes the worst of the current supply...
UK leads Europe for shopper footfall in October
The UK led the way for shopper footfall among the major European economies in October in an encouraging sign for retailers ahead of Christmas,...
West End retail recovery on track with £1.2 billion set to be spent this...
Despite a strong recovery in footfall, West End retailers are facing a challenging festive period due to the continued absence of high spending international...
Competition watchdog rules JD Sports must sell Footasylum
JD Sports must sell Footasylum after a watchdog found serious concerns that competition would be reduced following an in-depth investigation.
The Competition and Markets Authority...
Sainsbury’s profit surges despite supply chain pressures
Sainsbury’s has revealed a jump in half-year profits despite falling recent sales after its Argos business was knocked by supply chain challenges and easing...