UK retail shares fall amid fears of squeeze in consumer spending

Parent groups of Primark and B&Q hit as analysts say jobs and inflation concerns could affect salesBusiness live – latest updatesFears that UK consumers will rein in spending in the second half of this year has knocked the values of some of Britain’s biggest retailers including the parent groups of Primark and B&Q, and DIY chain Wickes.The retailers’ share prices dropped on Tuesday morning after analysts at Deutsche Bank warned that retail spending could be hit by the cooling UK jobs market and easing growth in household income. Continue reading...

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