• Strong UK retail sales reinforces rate hike predictions

    1 month ago - By Stl Today

    LONDON - Retail sales in Britain rose far more than anticipated during August, official figures showed Wednesday, further reinforcing expectations that the Bank of England will raise interest rates in November for the first time in a decade.
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  • UK retail sales jump as shoppers ignore Brexit-driven price increases

    UK retail sales jump as shoppers ignore Brexit-driven price increases

    1 month ago - By Business Insider

    LONDON - Retail sales in the UK jumped during the month of August.
    Brits continued to spend strongly on non-essential items, looking beyond the price increases brought about by the pound's post-referendum slump, new data from the ONS shows.
    Sales grew by 2.4% on a year-on-year basis, the ONS said, up from just 1.4% in July, and even further ahead of the 1.1% growth that had been forecast by economists polled prior to the release.
    On a month-to-month basis, growth was 1%, compared to an expected 0.2%, the data showed.
    "Within this month's retail sales we are seeing strong price increases...
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  • Strong UK retail sales give pound another boost

    Strong UK retail sales give pound another boost

    1 month ago - By Stl Today

    LONDON - Official figures show that retail sales in Britain rose more than anticipated during August, a development that gave the pound a further boost.
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  • UK stocks edge higher as Fed decision looms

    1 month ago - By eFinancial News

    Retail shares gain ahead of monthly sales update
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  • Zara store owner sees solid profit growth in H1

    1 month ago - By Stl Today

    MADRID - Spanish fashion retailer Inditex, which owns the Zara stores, says its net profit jumped by 9 percent in the first half of its fiscal year, following strong growth in online and in-store sales.
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  • UK retail sales jump as shoppers ignore Brexit-driven price increases

    UK retail sales jump as shoppers ignore Brexit-driven price increases

    1 month ago - By Business Insider

    LONDON - Retail sales in the UK jumped during the month of August as Brits continued to spend strongly on non-essential items, looking beyond the price increases brought about by the pound's post-referendum slump, new data from the ONS shows.
    Sales grew by 2.4% on a year-on-year basis, the ONS said, up from just 1.4% in July, and even further ahead of the 1.1% growth that had been forecast by economists polled prior to the release.
    On a month-to-month basis, growth was 1%, compared to an expected 0.2%, the data showed.
    "Within this month's retail sales we are seeing strong price increases...
    Read more ...