UK retail sales report unexpected rise in July

UK retail sales were up in July, defying analyst expectations of a credit crunch slump in the sector....

UK retail sales were up in July, defying analyst expectations of a credit crunch slump in the sector. The Office for National Statistics reports retail sales up 0.8% last month, injecting much-needed cheer into the space after June’s 3.9% fall. Analysts were predicting a 0.2% fall in sales