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Good news for food shops but other high-street outlets may suffer as consumers go online Online shopping and food retailers are forecast to be the winners this Christmas as consumers keep a tight rein on spending on clothing, homewares and other non-food items. Total retail spending is expected to rise 4% in December, compared with the same month in 2017, to reach nearly £48bn excluding VAT, according to data from the market research firm Mintel.
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Apple, Microsoft and Amazon, sustained some of the worst losses, and fears over an escalating trade war with China rattled investors US stock markets dropped sharply on Monday as big technology companies led losses, and fears over an escalating trade war with China rattled investors. The Dow Jones Industrial Average briefly fell 500 points, ending the day down 384 points (1.5%). Apple, Microsoft and Amazon, the most valuable companies on the market, sustained some of the worst losses. Apple dropped close to 4% on
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A European lender and two US banks alleged to be involved in money-laundering case A major European lender and two US banks have become embroiled in an
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CBI conference delegates fear shortage of workers after ‘pulling up the drawbridge’ to EU The leaders of Britain’s biggest businesses have told Theresa May to urgently rethink her post-Brexit immigration plan, warning it would trigger labour shortages and cause “worrying” damage to the UK economy. Despite a broadly warm reception for the prime minister and cautious backing for her
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Theresa May attempts to seize initiative back from critics with speech emphasising positive aspects of Brexit
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Shares slide after executive is alleged to have understated income on financial statements
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Central banks should issue their own digital currencies to replace a crisis-prone banking system and shut out cryptocurrencies The world’s central bankers have begun to discuss the idea of
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Energy firm plans to build 2,000 homes powered by solar panels on the Staffordshire site An old coal power station is set to be transformed into a “sustainable village” of 2,000 homes powered by solar panels, in the biggest redevelopment yet of a former UK power plant. French firm Engie said it had decided against selling off the
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One of the world’s most powerful auto bosses is accused of under-reporting his salary over many years
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CYBG executive will replace Paul Pester, who stepped down after crisis, next year TSB has appointed CYBG’s Debbie Crosbie as its chief executive to succeed
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Rolling coverage of the latest economic and financial news, as Mike Pence and Xi Jinping spar over trade policy again
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I have an interest-only mortgage and I’m a bit concerned in case the rate goes up
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There’s been nothing but delays and stalling from L&G with my subsidence claimWe read a recent article in Money titled
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TV star, expected to join I’m a Celebrity this week, says gains will fund charity to help banking victims The TV and radio star Noel Edmonds, who is expected to join ITV’s I’m a Celebrity … Get Me Out Of Here jungle camp this week, is also likely to fire the starting gun on a £60m lawsuit against Lloyds Bank. The Deal or No Deal star has also pledged to use a portion of any gains from the pending lawsuit to fund a charity for banking victims.
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