Retailers fall, hit by rising investor concerns about UK economy

Quick Summary:

Shares of Tesco, the largest supermarket group, fell 4 per cent and M&S fell as much as 8.4 per cent.

Retailers have been particularly hard hit by Reeves’ budget as they face a big increase in staff salaries.

Consumer sentiment weakening is also a concern for retailers.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Sentiment Sales Retailers Consumer Weakening Cent Fell Biggest Tesco Concerns

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-09 @ 22:16:35 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 380 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Straits Times

News ID: 25003732

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

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Publication Timezone: GMT +8:00

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Publisher ID: #25

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