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Reports that Weight Watchers International is a potential takeover target have been enough to see shares in the company shoot up by as much as 16%.However, figures show that the share price has dropped 85% due to the company having a slow reaction to new health trends and competition.The unnamed...
In the upcoming budget this week, Chancellor George Osborne will put forward a proposal for shops in England and Wales to stay open for longer on Sundays.At the present time smaller retailers are allowed to open all day, however shops over 280 sq m (3,000 sq ft) can only stay...
Marks and Spencer's has suffered a setback from it's recent revival after the company reported a fall in non-food sales.Like-for-like sales for general merchandise, which includes clothing, fell by 0.4% in the 13 weeks to June 27th, which the retailer labelled as a "challenging" quarter. However, like-for-like food sales rose 0.3%...
Luxury car manufacturer Rolls-Royce has released its third profit warning today in a little over a year, blaming the drop in oil prices and less demand for its aircraft engines.The car company’s last profit warning was released in February, saying the sharp fall in oil prices had "increased uncertainty for...
It has been reported that the United Nations’ has granted world heritage status to the industry behind champagne production.Unesco made the decision at a meeting on Saturday as well as granting 10 other sites world heritage status including wine cellars, sales houses and vineyards.The list which already includes the Taj...
European and Asian markets are unstable after Greece voted against demands from creditors which include more austerity measures, although many analysts have expressed relief that the impact wasn’t worse.Markets across Europe were down this morningas the euro fell 0.4% against the dollar and 0.5% against the pound. In London, the...
UK retailer Dixons Carphone has announced that it is to go into partnership with American telecoms company Sprint Corporation to possibly open around 20 stores in the US. The deal will see Dixon Carphone’s Connected World Services (CWS) division supply mobile phone retail advice and expertise to Spirit under whose...
BrightHouse, the UK’s biggest rent-to-own retailer, has announced that it plans to open a further 20 stores this year.Figures show that the company’s pre-tax profits increased by 16% to £19.6 million to the end of March and revenue rose 5.5% to £351.7 million.Chief executive Lee McKee said: “The business has...
Ex-Asda boss Andy Bond yesterday opened the first Pep & Co store in Kettering.The 4,000 sq ft shop, which will stock womenswear, menswear and kidswear will open in the Newland Shopping Centre this summer.The store will be among the first of about 50 stores that the value fashion retailer will...
Amazon has launched a one-hour delivery option on over 10,000 items to its London-based Prime members. The service was previously only available in the US, but has been extended to shoppers in certain areas of the capital who can have a variety of goods, including food, drink and other essentials, delivered...
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