Inflation

Pets at Home PBT drops 3.2%

Pets at Home has revealed that its underlying profit-before-tax dropped 3.2% year-on-year to £132m for the year ended 28 March…

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Today’s news in brief-28/5/24

Shop price inflation has returned to normal levels, with the British Retail Consortium (BRC) reporting a decrease in annual shop…

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Boohoo shareholders to revolt over exec bonuses

Boohoo is facing a backlash from its investors after awarding millions of pounds in bonuses to executives despite widened losses,…

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Shop price inflation returns to ‘normal levels’, BRC finds

Shop price annual inflation eased from 0.8% in April to 0.6% in May, according to the British Retail Consortium’s (BRC)…

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Consumer confidence recovers in May

Consumer confidence has continued to recover by a three-point rise to -27 in May, according to GfK’s long-running Consumer Confidence…

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Retail sales slump 2.3% in April amid wet weather

Retail sales fell by 2.3% in volume over April, following a fall of 0.2% in March, as the retail sector…

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General election called for 4 July

Prime minister Rishi Sunak has confirmed that a general election will take place on Thursday 4 July. The prime minister…

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Inflation falls to 2.3% in April

Inflation has fallen to its lowest level in almost three years to 2.3% in April, down from 3.2% in March,…

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Burberry profits plummet 40% amid luxury spending slowdown

Burberry has seen its pre-tax profits nosedive 40% to £383m in its full-year results, down from £634m the prior year,…

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Today’s news in brief-14/5/24

Walgreens Boots Alliance (WBA) is intensifying efforts to sell the Boots chain, engaging advisers for preliminary discussions with potential buyers.…

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