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Marks and Spencer celebrate profits rise amid challenging festive period for...
MARKS & SPENCER are set to be revealed as one of the few winners from a challenging festive period for retailers.The firm is thought to have got its mojo back with strong sales of its partywear and...
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Activist investors hunt for UK targets with as many as 54 London-listed firms...
A BULLSEYE has been drawn on the backs of British company bosses as activist investors ramp up their hunt for UK targets this year.Experts reckon the energy, consumer and industrial sectors could be...
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More than half of nightclubs and late bars in Britain fear going bust within...
MORE than half the nightclubs and late bars in the country fear going bust within months after a dismal festive season.A survey found 55 per cent say they will have to shut by April unless they get...
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French firm Danone cuts price of Aptamil by 7% – as watchdog accuses it of...
ONE of the biggest makers of baby milk formula is cutting its prices after the competition watchdog accused it of ripping off hard-pressed families. French firm Danone said yesterday it would be...
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UK retail giants toast festive sales triumph as hard-up Brits splash out for...
TWO of the nation’s biggest retailers, Tesco and Marks & Spencer, toasted their festive sales last night amid signs hard-pressed Brits still splurged at Christmas.Tesco boss Ken Murphy said after...
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Shares in Burberry slump after firm says demands for luxury goods slowing
SHARES in Burberry fell over 7 per cent yesterday after it said profits would suffer due to a slowdown in demand for its luxury goods.Wealthy shoppers tightening their belts in the run-up to Christmas...
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Pawnbroker Ramsdens sees profits soar by 20% as hard-up Brits sell valuables...
HARD-UP Brits using valuables to raise cash have helped profits at pawnbroker Ramsdens to climb by over 20 per cent.The 165-store group said higher living costs led to more consumers looking for...
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Online grocer Ocado sees profits soar by 11% to £609m — after sales in its...
ONLINE grocer Ocado is back in profit for the year — after sales in its retail arm finally delivered.They climbed by 11 per cent to £609million in the three months to November 26.SOPA...
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‘Disappointed and disgusted’ cry diners as two restaurants by celebrity chef...
A CELEBRITY chef’s restaurant group has abruptly closed two of its flagship venues, The Sun has learned.Marco Pierre White’s restaurant Mr White’s Steak, Pizza and Gin House, located in London’s iconic...
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Betting giant 888 says safer gambling rules have hit sales by 8%
BETTING giant 888 says safer gambling rules have hit sales.The new edicts, including measures such as affordability checks, were introduced in the UK to protect vulnerable consumers and fight problem...
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Sainsbury’s to pull out of its banking services as it focuses on groceries
SAINSBURY’S is pulling out of banking services to concentrate on groceries.The supermarket giant says it is looking for other businesses to take on its credit cards, loans and savings...
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Retail sales post worst performance in three years during festive dip
RETAIL sales volumes fell last month in the worst performance for the sector in almost three years.There was a 3.2 per cent dip in December, down from a rise of 1.4 per cent the month before, ONS...
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More than 500 British pubs closed their doors for the final time last year...
MORE than 500 British boozers closed their doors for the final time last year.Crippling taxes and inflation meant the total number of closures since 2017 hit 3,043.AlamyMore than 500 British boozers...
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Nearly 50,000 UK firms on brink of collapse after two years of rising...
MORE than 47,000 UK firms are on the brink of collapse, a shock new report has claimed.Two years of interest rate rises have left many companies facing a debt storm, say insolvency specialists Begbies...
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Government urged to cut business rates to help Britain’s retail industry...
THE Government has been urged to cut business rates to help Britain’s retail industry “survive and prosper”.Andy Higginson, chairman of the British Retail Consortium, said: “We’re the UK’s biggest...
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Number of motors made in Britain tops 1million for the first time in five...
THE number of vehicles built in the UK topped one million last year for the first time since 2019 in a huge boost for Britain’s motor industry.And the good news doesn’t stop there — UK car production...
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WH Smith plans to open 110 new shops in airports, railway stations and...
RETAILER WH Smith plans to open 110 new shops this year in airports, railway stations and hospitals.More than 50 of them will be in the US and 15 in the UK.© Alex Stoneman 2021WH Smith plans to open...
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Shop inflation at lowest since 2022 as retailers offer huge discounts to...
SHOP price inflation has fallen to its lowest level in 18 months, as retailers offer large discounts to attract customers.January’s prices were still 2.9 per cent higher than a year ago, according to...
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Over 25,000 UK companies went bust last year – the highest figure in three...
MORE than 25,000 UK companies went bust last year — the highest figure in three decades.Bankruptcies were up 14 per cent on 2022, as businesses struggled with costs and interest rates, according to the...
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‘Alarm bells’ as huge change to Buy Now, Pay Later delayed AGAIN over fears...
SHOPPERS are at risk of being left out of pocket over delayed plans to regulate the Buy Now, Pay Later (BNPL) sector.The government has postponed plans to regulate BNPL products following pressure from...
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