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UK retail sales rise by 1.3% in Nov as Black Friday deals boost volumes
UK retail sales volumes rose by 1. 3% in November compared with the prior month, boosted by heavily discounted Black Friday deals, according to official data published on Friday.
Europe midday: Shares stall as UK GDP data, Nike sales cut hit sentiment
European shares were hovering near the flatline on the last trading day before Christmas, as Britain sailed towards recession and a cut in sales forecasts at Nike kicked sportswear manufacturers lower.
Europe open: Shares down on UK GDP data; Nike woes hit Adidas, Puma
European shares opened on the wrong foot at the start of the last trading day before Christmas, as Britain sailed towards recession and a cut in sales forecasts at Nike pulled sportswear manufacturers lower.
Canada govt approves $13bn sale of HSBC local unit to RBC
The Canadian government has approved the $13. 5bn takeover of HSBC Canada by RBC, allowing the sale to proceed despite calls for it to be blocked over fears of reduced competition in the sector.