ESMA plans to simplify retail investing across the EU by reducing complex disclosures, reviewing investor checks and improving digital investment processes.
UK retailers warn that rising labour costs and changing employment rules are reducing entry-level job opportunities as youth unemployment continues to increase.
Details of the plan emerged from an internal memo indicated that redundancies are expected both at store level and within the company's support centre.
In the quarter ending 31 March 2026, total orders increased 27% from a year earlier to 933 million, while marketplace gross order value reached $31.6bn.
