WH Smith boss Kate Swann today said the revival of the British retailer was marginally ahead of schedule, despite the impact of “subdued” trading conditions.

British clothing retail group Peacock revealed it was in takeover talks for the second time in six months today.

Computer games retailer Game today revealed its like-for-like sales had gone into reverse despite the buzz created by a new handheld console from Nintendo.

Babycare retailer Mothercare today said its sales revival had stalled over Christmas as weak demand for toys took its toll.

Analysts say Marks & Spencer will reveal a drop in profits of up to 20%, when its annual results are published on Tuesday.