J Sainsbury Plc will cut 3,000 staff and close its remaining cafes, as Britain’s second-largest supermarket chain steps up a ...
Job cuts add to slew of evidence underscoring the UK budget’s impact on British retailers. Read more at straitstimes.com.
It added to the gathering gloom over the economy at the start of the year as supermarket chain Sainsbury's yesterday revealed a cull of jobs while Primark said its sales were suffering.
PRIMARK has called on the Government to deliver “tangible” growth rather than “generic words” as waning confidence starts to strangle the economy. The fashion retailer yesterday posted a 6 per ...
The UK's FTSE 100 rose on Thursday, ending just short of a fresh record high as investors sought clarity on U.S. President ...
The FTSE 250 lost 59.91 points, 0.3%, at 20,520.39, and the AIM All-Share ended down just 0.14 of a point at 720.86. The Cboe UK 100 rose 0.3% at 859.10, the Cboe UK 250 fell 0.3% at 17,914.15, while ...
Primark has lowered its sales outlook for 2025 after the UK reported weak sales amid a “challenging retail environment” over ...
Societe Generale 's French retail recovery is key, Jefferies said. Industry data suggests banks should start their engines of loan production after almost two years of subdued loan issuance and higher ...
Associated British Foods downgraded the annual sales guidance for its Primark budget clothing business on Thursday after ...
The conglomerate lowered its sales-growth expectations for Primark —its clothing retailer that accounts for the lion’s share ...
Associated British Foods PLC on Thursday pared its growth expectations for fast fashion retailer Primark after weak trading in the UK. In response, shares in the London-based retailer and food maker ...
Retailers’ challenges have been laid bare this morning, with even Primark — widely known for its cheaper goods — hit by a ...