Sterling fell by around 0.5% Wednesday morning against both the euro and the US dollar to a 1-month, and 6-week low respectively following the release of very weak retail sales data for March. Sales fell sharply by 1.3%, against expectations for a flat reading.
Rising sales across the Marks and Spencer group failed to prevent a large fall in profits.
Supermarket chain Morrisons has agreed a partnership with online grocer Ocado.
The Royal Bank of Scotland (RBS) have announced that they are to cut 1,400 jobs from their retail banking head office.
The accounts of online retailer, Amazon UK, have shown that the firm paid just £2.4 million in tax last year, on sales on £4.3 billion.
Strong performances from Currys and PC World have seen owner, Dixons Retail, report a growth in sales over the last 12 months.
The euro fell across the board Wednesday morning after the release of economic growth figures showed that the eurozone economy remained in recession for a record sixth consecutive quarter.
Economic data has revealed that the French economy has entered recession following a 0.2% contraction.
A dearth of debt to support transactions hit the values being paid for private equity deals hard in the first three months of 2013, according to BDO’s latest Private Company Price Index/Private Equity Price Index (PCPI/PEPI).
The Chairman of Paddy Power plc, Nigel Northridge, has confirmed, at the company's annual general meeting, that net revenue is up 20%.