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BUSINESS LIVE: Retail sales and consumer confidence weaken; Telegraph launches formal sale; IHG sales boost

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The FTSE 100 will open at 8am. Among the companies with reports and trading updates today are IHG, and ITM. Read the Friday 20 October Business Live blog below.

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Retail sales and consumer confidence weaken

Retail sales slumped 0.9 per cent in September as evidence mounts that UK consumer strength is weakening, fresh data from the Office for National Statistics shows.

Separate figures from the GfK consumer confidence index on Friday show British consumer confidence has tumbled, reflecting households’ renewed concerns about the outlook for their personal finances and the broader economy.

This post first appeared on Dailymail.co.uk