Rise in landlords exiting the market; September open date for new Penneys

Consumers are spending more on fuel, groceries and restaurants and less on clothes, cinemas and sports clubs, according to data from Revolut, the banking app. Supermarket spending increased 6.6 per cent per consumer from June to July. But grocery spending declined 4 per cent overall from July 2021 to July 2022.

Landlords are exiting the rental market to sell their properties, figures from the Residential Tenancies Board (RTB) suggested. The number of termination notices received ...