Sales at Zara owner jump beyond pre-pandemic levels after online shopping surge

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The owner of fashion brand Zara has said its latest sales are ahead of pre-pandemic levels after benefiting from a surge in online shopping. Spanish...

Retailer Gap set to axe 19 UK and Ireland stores

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Gap has said it plans to close 19 stores in the UK and Ireland next month as part of a shake-up aimed to return...

Shopping surges in May after pandemic restrictions ease

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Retail sales soared in May as the further easing of lockdown restrictions helped to drive spending, according to new figures. The latest BRC-KPMG retail sales...

Tesco to end buying partnership with French supermarket Carrefour

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Tesco has said it will end its buying partnership with French supermarket chain Carrefour after three years. The UK’s biggest grocer told investors on Monday...

What tax changes have G7 ministers agreed and what does it mean for UK...

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G7 finance ministers have announced a “historic” deal to agree a global base rate for corporation tax and reforms targeting multinational companies. Here is a...

Chancellor heralds ‘historic’ tax deal at G7 finance meeting

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The Chancellor has hailed a “historic” decision by G7 countries to agree a global base rate of corporation tax and reforms to the tax...

Ted Baker set to slide to £65m loss after dive in store sales

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Ted Baker is expected to tumble to a £65 million loss after sales were slashed by the pandemic. The enforced closure of bricks and mortar...

Getir triples valuation to £5.3bn as it secures funding boost

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Rapid grocery delivery firm Getir has tripled its valuation to 7.5 billion dollars (£5.3 billion) after securing more funds to drive its ambitious expansion...

This year unlikely to be as good as bumper pandemic performance, B&M warns

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B&M has warned investors to expect a drop in revenue in its current financial year as the company comes off an excellent performance during...

B&Q owner Kingfisher ties loans to climate plans

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The owner of B&Q and Screwfix has signed an agreement that will let it borrow more than half a billion pounds with lower interest...