Pound hits two-year high against US dollar; White House ‘pressured’ Facebook on Covid-19 content – as it happened Live coverage of business, economics and financial markets as Federal Reserve rate cuts drive US dollar lower
Next shop workers win six-year battle for equal pay in landmark case Chain may have to foot £30m bill after tribunal hears firm paid 3,500 sales staff lower hourly wage than warehouse workers
Ministers urged to step in to save UK firms struggling with high energy costs Exclusive: Cornwall Insight data shows small businesses paying over £5k extra a year than before energy crisis in 2021
UK shop prices fall year on year for first time since cost of living crisis began Prices down 0.3% in first week of August as food inflation eases and retailers attempt to shift unsold summer stock
‘The ultimate fakeaway’: posh pizzas take over UK supermarket shelves Specialty styles and outre toppings proliferating as ready meals seek to replicate restaurant trends
‘On the front foot’: Waitrose boss confident chain is getting its mojo back James Bailey is confident the market has swung in its favour, with more customers and plans to open new stores
Frasers Group seeks approval for Mike Ashley to cash in £585m in share buyback Company wants investors’ permission to buy billionaire’s shares in private deal at market price at the time
John Lewis begins Christmas countdown with top-10 toy forecast Deluxe wooden play kitchen, Barbie sets and pretend record player included in prediction
Fashion retailer Shein finds child labour in its supply chain Disclosure comes as campaigners call on UK to oppose company’s planned listing on London Stock Exchange
England’s Euro run helps JD Sports beat sales expectations Share price jumps more than 8% after big improvement on previous quarter assisted by popularity of replica shirts
‘Does it have a Gail’s?’ How a bakery became middle-class England’s most powerful political bellwether Seats hosting the upmarket chain were key to the Lib Dems’ Tory-ousting strategy in July’s election. But, after recent protests, Gail’s is much more controversial than it seems
Big UK retailers accused of ‘dubious discounts’ on loyalty card offers Boots, Superdrug and Tesco among those with ‘some questionable non-member prices’, Which? finds
Asda owners under pressure as chain’s share of market hits ‘new nadir’ Sales fell 6.4% in the three months to 10 August as chain becomes the only one of the big four to see sales drop
Waitrose to open 100 convenience shops in £1bn investment drive Grocer’s five-year plan also includes up to four new big supermarkets as well as shop refurbishments
At Asda and Morrisons it was always about financial engineering The need to keep the buyout arithmetic on track has been a drag on performance, and neither deal was aimed at growth