British employers are their most worried about the economy since the 2016 Brexit referendum, but they also plan to hire extra staff, according to a survey by the Recruitment and Employment Confederation.

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Sainsbury’s and British Land have sold 12 superstores to a US property investment company Realty Income Corporation for £492m, amid a struggling retail property market.

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Oil prices surged to their highest level in six months on global commodity markets after the US said it would take a harder line against countries that breach its oil embargo on Iran.