Iconic British department store group Debenhams is to be wound down after Christmas, putting 12,000 jobs at risk. There is a massive stock clearance sale starting at 7 am on Wednesday (2 December), as non-essential shops will reopen for the first time after the second lockdown.
* Royal Mail Plc hike first- and second-class stamp prices The company’s decision comes amid plans to permanently scrap Saturday's letterbox. It had previously increased the prices around nine months back. Royal Mail’s letter volumes have fallen 28 percent in the six months to 27 September, compared with the same period a year ago.
* Lastminute.com to refund more than £7 million for canceled package holidays Lastminute.com, a brand operated by Swiss group BravoFly, was asked by the Competition and Markets Authority (CMA) to repay customers after hundreds of complaints were lodged. CMA has also directed the firm that anyone eligible for a refund for trip cancellation on or after 3 December should be paid within 14 days.