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High street sheds 85,000 jobs in a year

The Independent newspaper have reported that UK retailers are urging the government to help out Britain's high streets after revealing 85,000 jobs were cut in the sector over the past year.

The British Retail Consortiums report suggests that employment in retail dropped 2.8 per cent in the most recent quarter compared to the same period last year. Elsewhere, Twitter's shares plunged 17 per cent after quarterly profits came in way below expectations.