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Retail business and financial news, including acquisitions, trading updates, regulation and deals affecting retailers and their suppliers.

Deliveroo shares flop as £2bn wiped off value in London float

Shares in Deliveroo plummeted by as much as 30% as it made its highly-anticipated launch on the London Stock Exchange. Around £2 billion was wiped...

Deliveroo valued at £7.6bn in London float after price target trimmed

Deliveroo has confirmed that it will be valued at around £7.6 billion in its bumper London listing. Earlier this month, the takeaway delivery giant said...

Shop prices continue to fall as lockdown leads to heavy discounting

Shop prices continued to fall in March as the third consecutive month of lockdown led many retailers into heavy discounting, figures show. Overall prices fell...

Easter egg sales soar as consumers prepare for celebrations

Consumers are planning for Easter with renewed enthusiasm if sales of chocolate eggs and hot cross buns are anything to go by. British households had...
Alex Chesterman

Used car seller Cazoo to float in £5bn New York listing

UK online car seller Cazoo has agreed to float on the stock market in New York in a listing that will value it at...
Deliveroo extension plans

Deliveroo lowers London float price to bottom of target range

Deliveroo has said it will price shares for its highly anticipated stock market listing towards the bottom of its price range due to “volatile”...

Online bathroom retailer Victoria Plum announces record 46% increase in sales

Online bathroom retailer Victoria Plum has announced that its sales rose by a record 46 per cent to £103m for the year ended 28...

Campaigners call for ‘Shop Out to Help Out’ scheme

Retail campaigners are calling for an Eat Out to Help Out-style scheme to boost the tills of beleaguered independent shops after they finally reopen...
The London markets jumped higher on Friday

London markets end turbulent week higher amid positive UK retail data

The London markets jumped higher as sentiment improved at the end of a turbulent week for traders. UK investors were calmed by February’s retail sales...
Retailer Next will unveil its full-year sales figures on Thursday

Next to reveal profit slump as investors bank on strong sales rebound

Next is set to reveal that its profits were cut by more than half last year after its stores were shuttered by lockdown measures. However,...

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