Royal Mail says Amazon delivery service will hit its UK parcels business

Royal Mail shares slumped on Wednesday after the newly privatised postal service warned that its profits would be hit by Amazon launching its own delivery service.

Asda sees sales fall as 'shockwave' hits supermarkets

Sales at Asda have fallen, hit by what the retailer called "a shockwave" in the supermarket sector. Asda, which is owned by US grocery giant Wal-Mart, said sales at stores open more than a year were 1.6% lower in the third quarter, compared with the previous three months.