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According to new data, there has been a £698m fall in bank lending to non-financial businesses in July, in the wake of reports that the European Investment Fund (EIF) and European Investment Bank (EIB) are withholding funds from the UK. Speaking on the figures, Mike Cherry, Federation of Small Businesses...

According to data from the Office of National Statistics, in the three months to June household spending growth grew by 0.1%. This marks the slowest growth since the last quarter of 2014, whilst business investment in the British economy showed no growth at all. The slowdown was in fact worse...

Discount retailer The Works have announced a considerable expansion plan for the next five years, with the aim of opening a total of 250 stores. The retailer currently has 398 stores, with plans to open 60 stores and 600 jobs in the next year, investing a total of £3.5m. Chief...

Underwear brand Sloggi have announced the hiring of Alex Cara as their general manager of UK, Nordic countries and Benelux. Cara has 20 years of retail experience, having worked as a retail director for Nike Central and EMEA as well as a number of positions in general management for companies...

Corporate giants Walmart and Google have announced that they will be entering a partnership to begin providing a voice-enabled service in a market currently dominated by Amazon. Amazon’s AI virtual assistant Alexa already is compatible for voice-enabled shopping, so the move from Walmart and Google is set to challenge this...

The bakery, which has made produce for Tesco and Marks & Spencer is now facing closure, putting 250 jobs at risk. The company has suffered in response to the fall in the value of the brand in response to the Brexit vote, making £28.5m last year but still operated at...

The American clothes retailer is to reopen its refurbished store in Canada Place, promising natural materials, a classic colour palette and a specially designed Shirt Wall to allow customers to browse its many iconic shirts collection. Gant UK and Ireland managing director, Fergus Patterson, said, “The Gant store at Canary...

GAME Digital has announced that it expects group revenues for the 52 weeks to July 29th to be approximately £780m compared to £822.5m in the 53 weeks to July 30th the previous year. Despite these figures, the positive performance of the company’s e-sports activities including the first 18 retail concepts...

Colder weather in August contributed to a decline in the sales growth seen in July, with retail data from Nielsen indicating that in the four weeks ending August 12th, supermarket sales increased 2.5% compared to a year earlier, which is a significant decline from the 5.1% growth in the preceding...

Sports Direct has continued upping its share in Debenhams, now holding a 21% share in the department store group. The move is the second time this year that the company had increased its stake in Debenhams, whilst they have also bought shares in French Connection, Game Digital and Findel. Mike...