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UK’s consumer spending jumps most since 2016

Bloomberg UK consumer spending jumped the most since 2016 last month, led by a surge in Internet purchases as bars and restaurants continued to suffer. On-line demand surged 16.2% in July compared with a year earlier, according to a monthly index by Visa and IHS Markit. Total spending rose 2.4%, while hotels, bars and restaurants say an 18% drop. Household ...

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Home Depot sales ‘record-breaking’: CEO

Bloomberg Home Depot Inc reported sales growth that was more than double the already brisk rate analysts had been expecting, sending shares higher in early trading. Same-store sales rose 23.4%, sharply beating the estimate for an 11.4% gain from Consensus Metrix. Revenue of $38.1 billion also surpassed expectations. Home Depot Chief Executive Officer Craig Menear called the sales performance “record-breaking.” ...

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Belarus leader warns EU not to meddle as rival seeks support

Bloomberg Belarus President Alexander Lukashenko warned the European Union not to interfere in the country’s post-election crisis, as his opponent appealed to the bloc for support. “There’s no need to point at Belarus today to divert attention from the problems that exist in France, the US, Germany and so on,” Lukashenko told his security council on Wednesday, according to the ...

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