Full list of stories by author Abigail Townsend - 2023-01

01 Feb

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Food prices surge to fresh highs - BRC

Shop price inflation hit fresh highs last month, research published on Wednesday showed, as the cost of food soared.

31 Jan

Losses mount at Spotify as costs jump

Spotify fell deeper into the red in the fourth quarter, the music streaming service confirmed on Tuesday, as costs mounted.

31 Jan

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UK mortgage approvals slump - Bank of England

Mortgage approvals fell sharply in December, official data showed on Tuesday, as higher borrowing costs weighed heavily.

31 Jan

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Grocery inflation surges to 16.7%

Grocery inflation soared to a fresh record in January, industry data showed on Tuesday, adding nearly £800 to annual food bills.

31 Jan

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UK economic growth to lag behind Russia - IMF

The UK’s economy will perform worse than any other advanced economy this year, including sanction-hit Russia, the International Monetary Fund has warned.

30 Jan

Facebook looks to block UK lawsuit

Facebook owner Meta Platforms is looking to have a collective lawsuit that was brought against it in London thrown out, it was reported on Monday.

30 Jan

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Apax to pump £60m into Matchesfashion - report

The private equity owner of Matchesfashion is to inject £60m into the online fashion retailer, it was reported on Monday.

30 Jan

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Germany at risk of recession as economy weakens

The German economy unexpectedly shrank in the last quarter, official data showed on Monday, leaving the country facing a possible recession.

30 Jan

Lidl boosts spending on UK suppliers

Lidl is to invest a further £2bn in British food suppliers, the German discounter announced on Monday.

30 Jan

Frasers to move into credit - report

Frasers Group is to start offering customers credit with its own buy now, pay later scheme, it was reported on Monday.

27 Jan

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Asda facing possible strike action over jobs shake-up - report

Asda is facing potential industrial action, it was reported on Friday, after the supermarket chain announced a proposed shake-up of its store operations.

27 Jan

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Hunt unveils plans for UK economy, rules out tax cuts

The chancellor Jeremy Hunt looked to rule out any imminent tax cuts on Friday, arguing that inflation needs to fall first.

27 Jan

HS2 could stop short of central London - report

Surging costs could see the controversial High Speed 2 rail link stop short of central London, it was reported on Friday.

27 Jan

Bookings jump at On the Beach

Shares in On the Beach Group shone on Friday, after the online holiday retailer reported a strong start to the year.

27 Jan

Higher costs hit profits at H&M

Operating profits at Hennes & Mauritz fell sharply in the fourth quarter, the Swedish fashion giant said on Friday, as costs mounted.

27 Jan

Direct Line boss steps down

The chief executive of Direct Line Insurance Group has stepped down, just two weeks after the insurer scrapped its dividend and sent the stock plummeting.

26 Jan