The Independent highlights the significance of accessible journalism in the face of critical societal issues, from reproductive rights to climate change. Their commitment to unbiased reporting, without paywalls, underlines the necessity for funding to support on-the-ground journalism. In contrast, B&M has issued a profit warning indicating reduced earnings forecasts due to economic uncertainties, tax increases, and volatile currency impacts. Despite renewed footfall for lower-cost retailers, major retail chains continue to suffer from strained conditions and prior job cuts, indicating a troubling economic landscape in the UK.
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Retailers have complained of worsening conditions in the UK in recent months, after the Government raised taxes for companies at its last Budget in October.
B&M has issued a profit warning after trading was hit by an uncertain economic outlook, as it also said its chief executive will retire in the coming months.
The lower earnings forecast reflects the current trading performance of the business, an uncertain economic outlook and the potential impact of exchange rate volatility on the valuation of our stock.
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