Emily Hawkins

The pub operator revealed it will face £11 million in damages following the Chancellor's decision to increase employers' National Insurance Contributions (NICs) and lift the minimum wage.

The Chinese fashion giant, modelled by Georgia Toffolo (pictured), will hold a roadshow to convince shareholders to back its IPO, planned for early next year.

Lidl GB chief exec Ryan McDonnell said hikes to NI, wages and business rates will cost it 'tens of millions' of pounds and could push up prices.

The troubled fashion group revealed Mahmud Kamani (pictured) has relinquished his role as executive chairman to become executive vice-chairman.

M&S chairman Archie Norman said the lowest paid would bear the brunt of the increase to employers' National Insurance contributions.

By EMILY HAWKINS Updated: Mike Ashley has been asked by Boohoo co-founder Mahmud Kamani to step aside as tensions rise between two of the retail industry's most prominent figures.

Nish Kankiwala said the group, which also includes department store chain and Waitrose supermarket chain, would face “tens of millions” of extra costs as a result of the budget.

Pre-Budget jitters were blamed for shoppers holding back on spending in October, as sales volumes dropped 0.7 per cent.

Emma McClarkin, chief executive of the British Beer and Pub Association, warned venues will shut, jobs will be lost and the price of a pint will go up in a £650m hit to the sector.

By EMILY HAWKINS Updated: British retailers are pinning their hopes on a bumper Black Friday after dismal figures showed sales fell last month.