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.
Travel giant Tui has reported a jump in profits, defying the challenges of extreme heatwaves and the ongoing conflict in the Middle East.
The fast-fashion giant’s UK sales hit $2.8bn in 2024, highlighting continued pressure on legacy apparel retailers.
British retailer Next has once again raised its sales and profit forecasts following a robust second-quarter performance.
Pets at Home has reduced its full-year profit forecast due to weaker-than-expected trading in the pet retail market.
The Confederation of British Industry reported a 10-month retail downturn, with sales remaining weak in July.
Sunny weather in July drove a rebound in UK retail sales, offering relief to struggling high street businesses.
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