The British public's expectations for inflation in five years' time have jumped to their highest in more than a decade, data showed on Friday, in a possible sign of concern about the economic outlook after Brexit.
Philip Day, the owner of Edinburgh Woollen Mill Group, has withdrawn from the race to buy collapsed fashion label LK Bennett. He had made a last-minute offer for the upmarket clothing brand hours before the deadline.
The bidders for failed footwear and fashion chain LK Bennett are believed to include shoe retailer Dune. Offers have been lodged this week and a preferred buyer for the company should be chosen within the next few days
LK Bennett filed for administration Thursday with the firm’s intention to file having been the worst kept secret in retail of late. The administrators have shut five stores and are seeking bidders for the business.
Britain’s economy came close to stagnating again in February as services companies preparing for Brexit cut staff at the fastest rate in over seven years and consumers reined in their spending, surveys showed on Tuesday.