First Abu Dhabi Bank considered offer for Standard Chartered; crypto bank Silvergate cutting jobs – as it happened
First Abu Dhabi Bank confirms that it had considered a possible offer for FTSE 100-listed Standard Chartered, but is no longer doing so
The bricks and mortar retail channel is far from dead, judging by today's retail sector trading updates, says Russ Mould, investment director at AJ Bell.
He argues that Next, Greggs and B&M have all benefitted from their presence at retail parks, which were less disrupted by rail strikes than city centres:
Next and B&M have both raised their full-year earnings guidance and Greggs has proved to be resilient in the face of weakening economic conditions.
We're now many months into a severe cost-of-living crisis, yet the latest figures would suggest that certain retailers can still draw in the crowds if the proposition is seen to be good value for money.
If I look at the things that are of comfort, I think the strength of employment and employment opportunities in the UK is one of the things that is likely to moderate the effect of the fact that prices are rising faster than wages."
The nature of this recession is that almost all sectors are being affected and there's no one sector or region particularly suffering more than the others.
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