UK consumers spend more in August, but pinch persists
Month's sales growth was highest non-Easter reading of 2017; fewer consumers feel confident about their finances, survey shows
London
BRITISH shoppers increased their spending in August at the fastest pace so far in 2017, excluding a surge in April caused by the Easter holiday, but there is little sign yet that the squeeze on spending is easing, retailers said on Tuesday.
Retail sales grew by an annual 1.3 per cent on a like-for-like basis, which strips out changes in store size, the British Retail Consortium (BRC) said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Jim Beam owner bets on canned vodka cocktails to double revenue
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Olam outbids Dreyfus’ sweetened deal for Australia’s Namoi, raises offer to A$0.66 per share
Cordlife served letter of demand, notice of claim from customers
IndoAgri appoints former EDB chairman Philip Yeo as chairman and lead independent director
GSK profit drops 23% in Q1 on higher costs