Inflation

Today’s news in brief- 3/1/24

Asda has appointed Matt Kelleher, former Chief Information Officer at Morrisons, as its first Chief Digital Officer. Kelleher will be…

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Supermarkets see highest December transactions since 2019

Britons made 488 million trips to the supermarkets over the four weeks to 24 December, 12 million more than last…

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Today’s news in brief-2/1/24

Central Group is reportedly considering increasing its stake in luxury department store Selfridges as co-owner Sigma faces financial issues. Central…

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Shop price inflation flatlines in December

The annual shop price rise was slower than the three-month average rate of 4.6% at 4.3%, the lowest since June…

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Uniqlo UK boss to cut prices to attract more shoppers

Uniqlo’s UK boss, Alessandro Dudech, has vowed to cut prices as inflation eases out as it seeks to attract more…

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Today’s news in brief-21/12/23

Frasers Group has confirmed its acquisition of the Matches business from MF Intermediate Limited in a deal estimated at £52m.…

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4,500 retailers in critical financial distress, new data reveals

Nearly 4,500 retailers are now in critical financial distress as poor consumer confidence, “sticky” inflation, and elevated interest rates force…

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Today’s news in brief-20/12/23

New figures from the Office for National Statistics (ONS) reveal that UK inflation has decreased to 3.9% in the year…

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UK inflation falls to two-year low of 3.9% 

UK inflation has fallen to 3.9% in the year to November, the lowest level seen in two years, according to…

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Today’s news in brief-12/12/23

Fast-fashion giant Shein is reportedly exploring the possibility of an initial public offering (IPO) on the London Stock Exchange. Chairman…

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