Saturday, July 27, 2024
info@businesstelegraph.co.uk
Business Telegraph
market

BUSINESS LIVE: Retail sales and  consumer confidence weaken; Telegraph launches formal sale; IHG sales boost

October 20, 2023
posted on


LIVE

By Live Commentary

Updated:

The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are IHG, and ITM. Read the Friday 20 October Business Live blog below.

> If you are using our app or a third-party site click here to read Business Live

Shareholder blasts ‘desperate’ music fund Hipgnosis ahead of crunch vote

Retail sales and consumer confidence weaken

Retail sales slumped 0.9 per cent in September as evidence mounts that UK consumer strength is weakening, fresh data from the Office for National Statistics shows.

Separate figures from the GfK consumer confidence index on Friday show British consumer confidence has tumbled, reflecting households’ renewed concerns about the outlook for their personal finances and the broader economy.

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.





READ SOURCE

You Might Also Like

Recommended For You

This website uses cookies. By continuing to use this site, you accept our use of cookies.