The growth forecast for British GDP has improved, thanks to growth that far outperformed predictions in the household services and consumption sector.
The World Bank defied general consensus last night by announcing new forecasts for the UK and US economies, which it believes are set to grow strongly in the new year.
US department store group Macy’s Inc. on Wednesday announced it had cut its full-year same-store sales, stating that a 3.3 per cent rise in second-quarter sales would not offset weakness from the first quarter.
Diesel’s parent company Pacific Brands this week slashed its full year guidance and flagged a strategic review to streamline its business.
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