The Trader 

Market Outlook: Squeezed some more

The Trader

Confederation of British Industry data yesterday showed that retailers had a terrible time in August, sales falling at their fastest in over a year with 44 per cent saying they had sold less against 34 per cent with increased turnover.  This morning a YouGov survey found that UK household income shrank for a fifth consecutive month.  Jumping onto the trend is Amazon which said yesterday that its dead with Wholefoods will complete on Monday and on the very same day it will slash prices on a host of everyday goods at the upmarket stores.

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