Category: <span>Markets</span>

High street massacre: 25,000 jobs at risk after Arcadia and Debenhams collapse
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High street massacre: 25,000 jobs at risk after Arcadia and Debenhams collapse

Following the collapse of Arcadia and now Debenhams, around 25,000 staff are facing uncertainty and fear as their jobs hang in the balance. Many people are also left wondering what their high streets will look like if these longstanding stores close down, after a year in which thousands of shops were forced to shutter due to the economic impact of the coronavirus pandemic....

Early Christmas shopping gave UK retailers a surprise boost in October despite local lockdowns
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Early Christmas shopping gave UK retailers a surprise boost in October despite local lockdowns

Early Christmas shopping helped boost UK retail sales in October, despite tighter restrictions introduced across much of the country, official figures indicate. Sales volumes rose 1.2 per cent in October, surpassing forecasts of a 0.3 per cent fall. Online shopping drove retail sales higher for the sixth consecutive month. In-store sales were 3.3 per cent lower in October than...

UK inflation rises on back of increase in clothing prices
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UK inflation rises on back of increase in clothing prices

UK inflation rose by more than expected in October, fuelled by an increase in clothing prices. The Office for National Statistics (ONS) said the consumer prices index (CPI) rose to 0.7% in October from 0.5% a month earlier as clothing prices increased, returning to a more normal seasonal pattern after the disruption this year. City economists had...

Sold! Surge in UK homes being bought at auction
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Sold! Surge in UK homes being bought at auction

It’s the 17-year stalwart of daytime TV, famous for revealing the hidden potential of dilapidated properties and the rapacious profits of the punters bold enough to buy them at auction. Now, Homes Under the Hammer is being credited with fuelling a new boom in the property market, as auctioneers report a sharp increase in sales and bidders...

Stock markets continue to soar after COVID-19 vaccination hopes
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Stock markets continue to soar after COVID-19 vaccination hopes

On Monday preliminary results from a new vaccine produced by Pfizer and BioNTech found it can prevent 90 percent of people from catching COVID-19. The companies are seeking emergency approval to begin administering the vaccination at the end of the month. Positive vaccination news has helped mitigate the market impact of rising coronavirus cases in...