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Surprise retail sale fall as shoppers rein in spending

The Office for National Statistics said month-on-month retail sales fell by 0.3 per cent in January. Analysts say latest figures shows that consumers are now beginning to rein in their spending.
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Feed prices are expected to remain favourable in fiscal 2018
Entrepreneur Teddy Sagi announced plans to sell around 32m shares in the gambling giant through his holding firm Brickington Trading.
he US is the top destination for Indian seafood export
It is understood that industry groups have met with Financial Conduct Authority chief executive Andrew Bailey 18 times since he took the job in July.
Pembroke VCT is ploughing over £1m into the model and designer’s business to help her take it global.
Traders said the sale had likely been a mistake as the price of gold dropped to $1,236 an ounce in the few hours after the market opened – its lowest in more than a month.
Capita saw £93.4m added to its value after the announcement it has sold the business to Australian financial services firm Link Administration Holdings for £888m.
Billionaire Mikhail Fridman, 53, snapped up the health food stores as he embarks on his first foray into British retail.
The bank said it was instead in advanced talks with existing investors. They are believed to be planning to pump in £700m to prop up the beleaguered lender.
A whopping 96 per cent of South Africa-listed Pallinghurst’s shareholders backed its bid to take over Gemfields at a meeting in Guernsey.
Two days after the ECB warned that Banca Popolare di Vicenza and Veneto Banca were likely to fail, taxpayers have been warned they may have to commit as much as £15bn.
Rio said it had picked Yancoal over the commodities giant as the preferred buyer for its Coal And Allied unit. Yancoal and Glencore have been involved in a long bidding war.
Loeb said he had taken a 1.3 per cent stake through his hedge fund Third Point and has already begun ‘productive conversations’ with the KitKat and Rowntree’s owner about improving its margins.
Iron ore production saw 23% growth in 2016-17 over a year before, at 190 mt: Macquarie
Italy has bailed out two small banks in one of its wealthiest regions. Why has it done this? Why has the EU allowed it to? And what does this mean for the EU's bank resolution rules - and for the futu
---Pointer box not needed for a story of this size ------With only a few days more for implementation of the Goods and Services Tax (GST), jewellers have intensified their efforts to replenish invento
He adds one overhang on markets would be equity supply in form of IPOs, QIPs, among others
Why is the open offer of a few hundred crores the biggest obstacle in the way of the acquirer?
Why is the open offer of a few hundred crores the biggest obstacle in the way of the acquirer?
Use norms mandated by the DGCA for compensation under different circumstances
Diageo has agreed to buy super-premium tequila Casamigos in a transaction that would value the brand at up to $1 billion; an initial consideration of $700 million, with a further potential $300 millio
Karen Schenone, fixed income strategist with BlackRock, expects one or two more hikes this year, which keeps her safely within the consensus view. But there’s more to worry about with regard to the Fe
The equity shares of Kerala-based NBFC Manappuram Finance have been included by the NSE for trading in the futures & options (F&O) segment, effective from June 30, 2017. Currently, the NSE h.
Barrick Gold’s African operations are mired in uncertainty amid the Tanzanian government’s ban on the export of unprocessed mineral ores from the country.
As it looks to carve a bigger niche for itself in the e-commerce segment, eBay recently announced that brand new items on its eBay deals page will qualify for a price match guarantee. This will be app
In a previous note, we talked about how Intuitive Surgical can be a $1,000 stock. To justify such a price, the company will need to maintain gross margins in the 70% range, sell nearly 800 da Vinci sy
Last week, Apple stepped up its legal battle against Qualcomm, targeting the company’s licensing practices that require its chip customers to also pay licensing fees for its patents, while seeking res
A delay in the arrival of new crop arrivals, contrary to expectations, has triggered a bullish sentiment in the small cardamom markets, aiding a price rise, albeit marginal. Arrivals stood at 281 ton
Basmati shipments make a good beginning
Weak global cues and slack physical demand dragged soya oil prices with soya refined declining to ?624-26 for 10 kg, while soya solvent declined to ?590-94 for 10 kg. Soyabean prices ruled flat at Rs
The stock of Vimta Labs was in the limelight last week as it made consecutive positive closes with good volumes. The stock surged 12 per cent accompanied by an above-average volume last week. With th
Sugar prices at Vashi gain by ?10 on Monday because of lower arrivals and slack physical demand. On Saturday about 15 mills offered tenders and managed to sell little quantity of 12,000-15,000 bags a
The near-term view will remain negative as long as the currency remains below 64.4
Investors that an see through short-term adversity and avoid pessimism are the ones that are likely to win out in the long run.

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