M&S to cut clothing and home stores and boost space for Simply Food
Marks and Spencer is to close 30 British stores and another 53 in overseas markets, including China and France. The high street retailer said on Tuesday that it was planning…
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Small manufacturers expect increase in export order
A net 4% of small and medium-sized (SME) manufacturers are more optimistic about their business situation, according to a survey by the CBI. The business group reported on Tuesday that…
Retailers closing 15 shops a day on Britain’s high streets
Retailers in Great Britain closed 2,656 shops in the first six months of 2016, a rate of 15 stores a day, according to figures published on Tuesday. This is a…
Poorer households set to lose £100/year as UK inflation jumps to 1%
Rising prices for clothing, hotel stays and motor fuels contributed to an increase in the UK’s inflation rate last month, the Office for National Statistics (ONS) said on Tuesday. The…
Business leaders object to proposed crackdown on foreign workers
Business groups reacted angrily this week to reports of a crackdown on foreign workers in the UK. Home Secretary Amber Rudd told the Conservative Party conference that a tightening of…
Optimism falling in UK financial sector
Sentiment in the UK’s financial services sector is continuing to fall as firms face the challenges of the country leaving the European Union, it was reported on Monday. More than…
Co-op Group profit falls after investment, pay rises and price cuts
Profit has fallen at the Co-op Group as it continues to invest in a three-year turnaround of the business. The Co-op reported on Friday that its profit before tax for…
Brexit vote has had ‘no major effect’ on UK economy
The UK’s vote to leave the European Union has had little impact on the country’s economy so far, according to a new assessment by the Office for National Statistics (ONS).…
Record bonuses paid to UK employees — but are they fair?
New figures show that UK firms paid a record £44.3bn in bonuses in the last financial year, an increase of 4.4% from the previous year. Bonus payouts have surpassed the…
BCC cuts UK growth forecasts, responds to Liam Fox comments
The British Chambers of Commerce (BCC) has lowered its growth forecast for UK GDP but said it expects the country to avoid a recession. In its first economic forecast since…
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