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Reuters - 2 weeks ago

UK consumers take fright as new government warns of pain, survey shows

UPDATE 1-UK consumers take fright as new government warns of pain, survey shows Recasts, combines with ONS data stories By William Schomberg LONDON, Sept 20 (Reuters) - Prime Minister Keir Starmer's warnings about the state of the British economy and the likely need for tax increases in next month's budget have caused consumer confidence to plunge this month, according to a survey published on Friday.

Reuters - 2 weeks ago

UK retail sales rise by more than expected in August

UPDATE 1-UK retail sales rise by more than expected in August Adds details LONDON, Sept 20 (Reuters) - British retail sales rose by a stronger-than-expected 1% in August and growth in July was revised up, of ficial figures showed on Friday. E conomists polled by Reuters had forecast a monthly rise of 0.4% in sales volumes last month . T he Office for National Statistics said sales volumes in July rose by a revised 0.7%, up from a previous estimate of a 0.5% month-on-month increase.

Reuters - 2 weeks ago

UK's Next raises forecast to put 1 billion pound profit in sight

UPDATE 2-UK's Next raises forecast to put 1 billion pound profit in sight First-half pretax profit up 7.1% to 452 mln stg Raises second half sales growth guidance to 3.7% Raises full-year profit guidance to 995 mln stg Shares up 5% Adds shares and details in paragraphs 2-4 and 9-12 By James Davey LONDON, Sept 19 (Reuters) - British clothing retailer Next NXT.L said on Thursday it was on track to make an annual profit of almost 1 billion pounds ($1.3 billion) as it raised its forecast for the sec

Reuters - 3 weeks ago

Zara owner Inditex sees early autumn sales perk up after summer slowdown

UPDATE 3-Zara owner Inditex sees early autumn sales perk up after summer slowdown Company reports 10% rise in first-half profit Shares outperform with rise of 4% on results Wet, cold weather in early summer hampered sales August, Sept. sales up 11% so far, outpacing 7.2% in first half Recasts lead; adds shares paragraph 2, CEO paragraphs 6,8,9 analysts' quotes, detail throughout By Corina Pons MADRID, Sept 11 (Reuters) - Zara owner Inditex ITX.MC reported a jump in sales of its autumn/winter col

Reuters - 4 weeks ago

Inditex sales growth forecasts dampened by rain in Spain

Inditex sales growth forecasts dampened by rain in Spain Bad weather hits Inditex's June sales in Spain Inditex's sales growth likely improved in July -analysts Q2 sales expected to rise 7% -LSEG analyst poll Analysts expect first-half profit to rise 10% By Corina Pons MADRID, Sept 10 (Reuters) - Expectations of bumper second quarter sales growth at Zara owner Inditex ITX.MC have been dashed by a wet and cold June in its biggest market of Spain, analysts and investors said ahead of earnings due

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