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Recent financial updates from major UK retailers reveal a mixed performance. Sainsbury's reported a revenue increase, while Primark faced challenges due to weather. Domino's showed growth in sales and store openings, indicating resilience in the fast-food sector. Overall, the retail landscape remains dynamic as companies adapt to changing consumer behaviors.
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H&M will close its Edinburgh call centre by December 14, 2024, resulting in 150 job losses. The decision follows a review of operations amid changing customer behaviors and rising operational costs. The closure is part of a broader strategy to adapt to market conditions and improve efficiency.
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Lidl is set to kick off its first Christmas truck tour across nine UK cities from November 14 to December 1. The tour will feature giveaways, festive food, and pop-up events, coinciding with the retailer's expansion plans, including the opening of 10 new stores before Christmas.
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The UK's unemployment rate increased to 4.3% in September, up from 4% in August, as wage growth slowed. This shift follows recent budget measures by Chancellor Rachel Reeves, including a rise in the national minimum wage and employer national insurance contributions, raising concerns about the labour market's stability.
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Starting January 1, 2025, the average UK household will see their energy bills increase to £1,738 annually, marking a £21 rise from the previous cap. This follows a 10% increase in October, raising concerns about affordability during winter months.