News-In-Brief

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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Today’s news in brief-28/10/24

Mike Ashley, founder of Frasers Group, has indicated readiness to step into the CEO role at Boohoo to initiate a…

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Today’s news in brief-25/10/24

Boohoo has countered Frasers Group’s claims of “stone-walling” regarding the latter’s push to install Mike Ashley as Boohoo’s CEO. In…

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Today’s news in brief-24/10/24

Frasers Group is pressuring Boohoo to appoint its founder Mike Ashley as CEO, criticising the current leadership’s handling of the…

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Today’s news in brief-23/10/24

Chancellor Rachel Reeves is reportedly considering imposing higher taxes on Amazon as part of a broader effort to support British…

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