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Retail sales fall as Black Friday deals fail to lure shoppers
Josh MartinBusiness reporter Getty Images Retail sales fell unexpectedly in November as Black Friday discounts failed to boost spending, official figures show. Supermarket sales fell for the fourth month in a row, while discounts at retailers across November did not lift Black Friday spending as much as in recent years, the Office for National Statistics…
Junk food advert ban set to come into force
Archie MitchellBusiness reporter PA Media Junk food adverts will be banned on television and online from Monday as part of a drive to tackle childhood obesity. The UK-wide ban will stop food and drinks high in fat, salt and sugar (HFSS) being advertised on TV before 21:00 and at any time online. It applies to…
M&S profits almost wiped out after cyber hack left shelves empty
M&S’s profits were almost wiped out after it was hit by a cyber-attack which left shoppers unable to buy online from the company for months. The hack was “an extraordinary moment in time,” it said, as it revealed statutory profit before tax – a figure that reflects all costs for a period – slumped 99%…
UK economy saw zero growth in July
The UK economy failed to grow in July, following the biggest contraction in manufacturing output for a year. The Office for National Statistics (ONS) said the economy saw zero growth in the month, which was in line with expectations, following a 0.4% expansion in June. However, monthly figures are volatile, and the ONS has said…
