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Bank of England chief says ‘too early’ to talk about interest rate cuts; M&S surprises with profit jump – business live

Andrew Bailey warns against protectionism, saying fragmentation damages economy and financial markets; M&S retakes crown of UK womenswear leader as ‘Brits fall back in love with M&S’

Our consumer affairs correspondent Zoe Wood has looked at this year’s hottest toys for Christmas.

A new version of Pictionary that pits artist against artificial intelligence and a pet “robo-dog” with a wagging tail are among the toys destined to appear on Christmas lists this year as retailers pray for better sales during the key festive trading period.

M&S continues its transformation at speed, with the bedrock of the food business providing a springboard for the revitalised clothing & home business.

Indeed, clothing & home is fast becoming the poster child for the new-look M&S. The lines and the look of the offering are clearly appealing to the new target market of the ‘modern mainstream customer’ as the company attempts to throw off the shackles of a previously dowdy and tired image. The store rotation programme is being accelerated and selected stores revamped to project a more fashionable and less cluttered experience than has been the case in the past.

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