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Page last updated at 22:54 GMT, Tuesday, 6 January 2009

M&S store exterior
Marks and Spencer will announce on Wednesday that it is cutting 1,000 jobs from its workforce of 70,000, the BBC confirms.

Next and Debenhams see sales fall over the Christmas period, as a survey puts UK consumer confidence at a new low.

German billionaire Adolf Merckle commits suicide after his business empire runs into trouble in the global economic slowdown.


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MARKET DATA - 02:16 UK

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