UK Retail Could See Consumer Shift to Discounters Ahead of Christmas0909 GMT - The U.K. retail sector braces itself for a challenging Christmas period as consumer confidence is at record lows and budget pressure is unlikely to ease, chief market analyst at CMC Markets Michael Hewson says in a note. ---LPA Flags FY 2022 Trading Loss Despite Upswing in 2HLPA Group PLC said Friday that it will make a small trading loss for the year, despite a strong second half with improved trading on year. The U.K. furniture and floorings retailer is expected to report a pretax profit for FY 2023 of GBP8 million, they say. That means if the U.K. plans to move in that direction, negotiations would take time, she says. (renae.dyer@wsj.com)Contact: London NewsPlus; paul.larkins@wsj.com(END) Dow Jones NewswiresNovember 25, 2022 06:51 ET (11:51 GMT)Copyright (c) 2022 Dow Jones & Company, Inc.

Source: Wall Street Journal November 25, 2022 18:15 UTC