Investors welcomed a new strategy from Danish-owned jewellery maker Pandora, which is struggling to regain its competitive edge in a weak retail market, sending its shares up more than 16%.

As Britain struggles for political stability, one of the country’s retailing institutions is close to gaining a permanent new home.

L'Oreal has entered into "exclusive" talks to sell The Body Shop to Brazilian cosmetics manufacturer Natura Cosmeticos in a deal which could be worth €1bn.