Sainsbury's: Mike Coupe, the chief executive, said that supermarkets face two more years of pain as consumers continue to cut back on spending.
RETAILERS in Leeds city centre enjoyed their most lucrative day of the year on 'Panic Saturday' as shoppers went on the hunt for late Christmas presents.
Shoppers they take advantage of Black Friday deals at Somerset Collection shopping mall on November 29, 2013 in Troy. (Credit: Joshua Lott/Getty Images).
Catlin has agreed the outline of a �2.5 billion takeover by an American insurance rival, with the focus of talks moving to scrutiny of billions of dollars of premiums written by the British company.
The Bank of England isn't under pressure to raise UK interest rates as inflation slides further below its target, bank policy maker David Miles said.