Summary: Wilko , a long-standing discount retail er, has been forced into administration due to financial challenges and declining revenue. Despite borrowing and selling assets, the company was unable to overcome its debt burden, leading to its collapse. Administrators assure that operations will continue for now, and employees will be paid, while efforts to find a buyer are underway. Criticism is directed at management for paying dividends while the company faced losses, leaving loyal employees devastated. Operational difficulties, including supply and cash flow issues, contributed to Wilko 's struggles in a competitive mark...

Summary: Marks & Spencer's stock reaches 18-month highs due to strong performance in physical stores and across various brands. The company raises financial guidance and predicts higher profits for the fiscal year. Marks & Spencer expands its market share in clothing, home, and food business es over a 19-week period. Share price experiences a significant increase of 128.75% from the previous year's low. Despite economic challenges, Marks & Spencer's resilience and trusted brand image contribute to its success. ...

Supermarkets Cleared of 'Profiteering', but Told to Make Their Pricing 'Clearer' Summary: Supermarkets found not guilty of 'profiteering' from rising food prices due to intense competition. Retail grocery sector saw a significant decline in profits and operating margins. Baby formula and some everyday staples experienced higher price increases. Various factors, including geopolitical events and COVID-related disruptions, contributed to price rises. Supermarkets urged to improve price label clarity to facilitate customer comparisons and ensure fair deals. ...