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Investors pull back from recent highs amid a slip in the dollar linked to reports that Senate Republicans could delay corporate tax cuts
The company said that it will reposition its food offering as competition from low-cost competitors heats up. I
The retail index has lost 5.35% since August 2016, compared with a 27.3% gain in the same time period for the FTSE 350 Banks Index
M&S posted weaker-than-expected first quarter revenues Tuesday as U.K. sales slowed amid a pullback in spending linked to the country's surging inflation and slowing growth.
Warm weather boosted retail sales in the U.K. in June, but rising inflation and pressure on income are still causing pause for concern for British retailers.
Fears over U.K. consumer confidence has grown after one of the U.K.'s top retailers warned of a volatile trading environment, sending retail stocks down.
European stocks were mixed Wednesday although fading equity sentiment following a rare credit downgrade for China and the developing security situation in the U.K. kept investors in a caution mood.
Much of the market's attention will center on the developing security situation in the U.K.
Marks & Spencer Group posted stronger-than-expected full year profits and maintained its dividend but cautioned on an "uncertain" outlook in the months ahead.
Marks & Spencer stock gained on Friday morning after it appointed a new chairman, the second key hire in a turnaround plan this week.
Marks & Spencer has poached the CEO of cycling and car retailer Halfords in a bid to reinvigorate its clothing division.
Ocado shares surged to their highest level of the year Tuesday after reports of a possible tie-up with Marks & Spencer.
The malaise infecting department stores is spreading across the world as British retailing stalwart Debenhams said it was considering closing up to 10 stores, sending stock down.
Alphabet's YouTube is the latest to contend with controversial ad placements.
Google intends to go on a hiring spree to combat extremist content and introduce more safeguards for advertisers
Google's treatment of extremist content is coming under fire as more companies temporarily pull advertising from Google's YouTube and programmatic advertising platforms.
Several videos containing homophobic and anti-semitic messages appeared next to ads for the British Government on Google sites.
Consumer confidence in the U.K. fell in February as shoppers contend with increased prices and Brexit uncertainty, new figures show, sending supermarket stocks down.
Walmart's Asda ranks the worst grocery store to shop in the U.K., according to a consumer survey, with its online offering not faring much better.
Retail sales in the U.K. fall 1.9% from November, the biggest decline in four and a half years.
Retailers in Britain are warning that Brexit could start to bite in 2017 as they contend with the falling value of the pound and consumer uncertainty.
M&S said group sales rose 4.3% in its fiscal third quarter, but cautioned that uncertain consumer confidence would hit the company's earnings in the next three-month period.
Retail sales in December fall 0.1%, industry figures show.
B&M outperforms fellow retailers during the festive season.
Next warns that a tough 2017 could pull down other retailers.
London-listed retailers see significant losses in stock price since the start of 2016.
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