Marks & Spencer reports profit growth for half-year
Marks & Spencer has reported pre-tax profit of £325.6m for the first half of its financial year, an increase of 56.2% from £208.5m in the same period a year ago.…
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Currys agrees sale of Greece and Cyprus business
Currys has entered into an agreement to sell its retail business in Greece and Cyprus for £175m. The electrical retailer said on Friday that this disposal will simplify its structure,…
Interest rates unchanged at 5.25%
The Bank of England’s Monetary Policy Committee (MPC) has voted to keep the base rate unchanged for at least another month. Six members voted to maintain the rate at 5.25%,…
RAC calls for petrol retailers to cut price by 5p a litre
The biggest fuel retailers should cut the price of petrol by at least 5p a litre to 150p to reflect their far lower wholesale costs, according to the RAC. The…
British Airways owner sees record summer profit
The parent company of British Airways has reported record profit for summer 2023 after strong demand for European holidays. For the third quarter, International Airlines Group (IAG) reported operating profit…
Profit down at sofa chain ScS
ScS has reported a decline in profit amid challenging economic conditions. The sofas, flooring and furniture chain recorded profit before tax of £6m for the 52 weeks to July, down…
Housebuilder announces job cuts as demand for housing slows
UK housebuilder Vistry said on Monday that it will cut 200 jobs as part of its shift in focus to social housing. The company announced last month that it was…
Retail sales down in September
A warm start to autumn and the ongoing cost of living crisis were among the factors behind a drop in UK retail sales in September. Sales volumes fell by 0.9%…
Netflix raises premium prices
Netflix has announced a price rise for certain tiers of membership and said that a crackdown on password sharing had resulted in lower-than-expected cancellations. The streaming giant added 8.8 million…
Lowest October asking price rise since 2008
Asking prices for newly advertised properties typically go up at this time of year, but this month's increase is well below the historic October norm of 1.4%. New seller asking…
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