British retailer Marks &
Spencer on Wednesday reported a 58% rise in annual
profit, ahead of market expectations, as its strategy to
re-shape the business delivered strong sales growth in both.
Marks & Spencer
reiterated its position on Wednesday that it does not have to
make a final payment to Ocado Group for its share of
the Ocado Retail online supermarket joint venture. In.
European home improvement
retailer Kingfisher on Tuesday kept its full-year profit
outlook after reporting a 0.9% fall in first-quarter underlying
sales, with resilience in demand for core categories.
UK grocery inflation fell for the 15th month in a row in May to hit its lowest level since October 2021, industry data showed on Tuesday. Market researcher Kantar said annual grocery.
The British government estimates it will spend at least 4.7 billion pounds on implementing post Brexit border arrangements, after repeated delays in setting new rules, parliament s spending.