Primark sales slip ahead of ABF exit in ‘challenging’ backdrop

Like-for-like sales at the retailer slipped by 2.6 per cent in the year to September, dragged down by “weak” consumer confidence and less advanced turnaround efforts in its European market. Consumer giant ABF is racing…

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Rachel Reeves claims £66bn tax raid made UK ‘stronger’

In her first major speech since been ousted as Chancellor, Reeves said she made “difficult choices” that were “not without controversy” but defended them as helping end the UK’s “failed austerity experiment”. Reeves…

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RBA interest rates: Bullock says ‘pain now’ will prevent worse later as Reserve Bank hikes rates for fifth time

The RBA's decision to hit mortgage holders for a fifth time in 2026 will intensify pressure on indebted households, but there were signs that the central bank will at least now wait through summer to gauge the impact of…

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Poundland staff could be out of work for years if retailer collapses, founder says

His warning comes as the chain's 12,000 employees face uncertainty over their future in the run-up to Christmas. Poundland's future hangs in the balance after the retailer, which is controlled by the US restructuring…

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FTSE 100 Live: Stocks drop as oil climbs after US strikes Iran

Welcome back to City AM ‘s FTSE 100 liveblog. It’s Tuesday morning and London’s blue-chip index is coming under pressure after the price of oil nudged higher. The price of Brent crude has crept above $106 per barrel…

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Genesis GV60 Magma review: Electric SUV drives like a hot hatch

Despite being present in the UK since 2021, many have still never heard of this South Korean car marque, let alone considered buying one instead of a Mercedes-Benz or BMW. The numbers tell a similar story. Genesis sold…

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Couples are divorcing after longer marriages, with consequences for their pensions

One of the most notable statistics was that some 26 per cent of couples divorcing had been married for over 20 years. These ‘long marriages’ bring distinct legal and financial challenges. Joint assets, including bank…

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Barclays and Natwest layoffs signal start of banking’s AI job squeeze

As bank leaders stepped up to the podium for third-quarter earnings, the agenda had already been set for them. Barclays opened the reporting run by confirming roughly 5,000 jobs would be cut over the course of the year.…

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The evidence is conclusive: rent controls always fail

Politicians respond with numerous measures, such as rent controls. However, these often lead to the opposite of what was intended, as two recent scientific studies show. Konstantin A. Kholodilin of the German Institute…

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Forget Manchester, Rotherham offers a lesson in ‘good growth’

Its apparent focus is on lots of rather trivial matters whilst major issues are kicked down the road. But the government does have at least one clearly articulated important policy aim, and that is one of devolution.…

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