LATEST BUSINESS NEWS

Shoppers on the high street

Retail sales in 2020 fall at fastest level in 23 years – ONS

A person walks past Diageo-owned whiskies on the whisky wall at its headquarters in Edinburgh

Spirits giant Diageo to post sales fall amid pub and bar closures

London skyline

Compensation scheme for savers sets aside extra £339m to cover failures

A near-empty Rupert Street in Soho, central London

Double-dip recession ‘on cards’ after renewed lockdown sends economy tumbling

David and Victoria Beckham

Beckhams pay themselves £21m despite fashion losses

John Lewis outlet

John Lewis to repay £300m Covid loan early as sales pick up

Vehicles on the M4 motorway

Only a fifth of drivers have received an insurance premium refund – Which?

Workers on the production line at Nissan’s factory in Sunderland (Owen Humphreys/PA)

Nissan investment in UK post-Brexit a ‘great vote of confidence’, says PM

A The Works shop

The Works warns of fears for the future amid Covid-19 restrictions

Coronavirus pub closures

Virus crisis leads to closure of thousands of licensed premises – report

Leaseholds

London mayor in 999-year shared ownership lease pledge

A closing down sale in a shop

Consumer financial confidence yet to receive ‘jolt in the arm’, index finds

Arcadia redundancy payments

Next withdraws from bidding war for Sir Philip Green’s retail empire Arcadia

Biden Inauguration

Pound soars but markets sluggish after inauguration jubilation

A woman’s hand presses a key of a laptop keyboard

Fortnite developer brings legal action against Apple and Google to UK

Stacked coins

Lenders expect more households ‘to default on mortgages in next few months’

Dogs at Pets at Home

Pets at Home sees festive sales soar amid pandemic boom in demand

Coins and banknotes

Watchdog proposes price caps on claims management firm charges