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Biggest fall in UK retail sales in seven years

Biggest fall in UK retail sales in seven years

Image copyright Getty Images Image caption Demand fell for all types of goods except for textiles, clothing and footwear UK retail sales posted their biggest quarterly fall in seven years in March, as the prices of everyday goods continued to climb. By volume, sales in the first quarter of this year were down 1.4% on […]

Record low rate signals mortgage battle

Record low rate signals mortgage battle

Image copyright Getty Images A record low mortgage rate is the latest sign of lenders battling for new custom, but experts say the small print of deals requires careful examination. The Yorkshire Building Society, the UK’s second largest mutual, has launched a mortgage at a rate of 0.89%. Experts point to the relatively large fee, […]

High heels row: Petition for work dress code law rejected

High heels row: Petition for work dress code law rejected

Image copyright PA Image caption Nicola Thorp said the decision to stop short of a law change was a “cop-out” Calls to introduce a new law banning companies from telling women to wear high heels at work have been rejected by the government. The Equalities Office said existing legislation was “adequate” but it would issue […]

Trump launches investigation into steel dumping

Trump launches investigation into steel dumping

Image copyright Getty Images Image caption The president said the investigation had “nothing to do with China” Donald Trump has launched an investigation into countries that export steel to the US, raising the prospect of new tariffs on imports. It is designed to stop countries from flooding the US with artificially cheap steel and undercutting […]

Juicero: Juicing boss defends $400 machine

Juicero: Juicing boss defends $400 machine

Image copyright Juicero Image caption Juicero supplies packets of pre-cut ingredients to use in its press A US start-up that sells a wi-fi connected juicing machine for $399 (£310), has offered refunds after the gadget was mocked on social media. Juicero makes the bulk of its sales by supplying pouches of pre-cut fruit and vegetables […]

Barbie out of fashion as Mattel slumps

Barbie out of fashion as Mattel slumps

Image copyright Getty Images Barbie sales fell 13% in the first quarter, adding to a much worse-than-expected slump for Mattel, the world’s largest toy company. It was the second consecutive quarter of falling sales for the doll, which has been a key part of the firm’s product range for almost six decades. Mattel said sales […]

UK’s online shoppers top global spending list

UK’s online shoppers top global spending list

Image copyright Getty Images Online shoppers in the UK spend more per household than consumers in any other country, a report claims, amid a shift from stores to the internet. UK households spent the equivalent of $5,900 (£4,611) using payment cards online in 2015, the UK Cards Association said. This was higher than Norway ($5,400), […]

Car insurance premiums jump by 8% in the past year

Car insurance premiums jump by 8% in the past year

Image copyright Getty Images The average car insurance premium rose by 8% in the past year to £462, says the Association of British Insurers. The ABI said the £34 rise had pushed average premiums to their highest level since its records started in 2012. The main reasons were higher repair bills, increases in insurance premium […]

Marks and Spencer to close six stores

Marks and Spencer to close six stores

Image copyright PA Marks and Spencer has named six stores which will close as part of chief executive Steve Rowe’s plans to improve the business. The company said 380 staff would be affected but they would be guaranteed redeployment at a nearby store. M&S will also open 36 new stores over the next six months, […]

Energy secretary to ‘flex muscles’ over rising bills

Energy secretary to ‘flex muscles’ over rising bills

Image copyright PA “Muscular” action will be taken by the government against energy firms’ “damaging” price rises, a minister has said, but the timing remains unclear. Business and Energy Secretary Greg Clark said that, owing to the imminent election, the date for this “decisive” move was being reviewed. He claimed that firms “milked” loyal customers […]

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