A new survey by the Confederation of British Industry (CBI) revealed that confidence in the UK's services sector has dropped due to persistent cost pressures and weak demand.
UK retail stocks, including major names like Associated British Foods (Primark) and Kingfisher, experienced a sell-off following a bearish note from Deutsche Bank about a slowdown in discretionary spending.
Business leader optimism in the UK economy has fallen to its lowest level since records began in 2016.
A survey by the Institute of Directors (IoD) reveals that business leader confidence in the UK economy has fallen to its lowest level since the index began in 2016.
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