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Retail giant Home Retail Group, which own Argos and Homebase, has announced a mild rise in annual sales as it adapts to consumer demand for online shopping.Total revenue increased 0.8% to £5.7 billion in the year to the end of February, while Argos sales rose to 1.1% to £4.1 billion....
It has been revealed that the economy has seen the slowest quarterly growth for two years. It halved to 0.3% in the three months to the end of March compared to 0.6% the previous year, according to the Office for National Statistics.In a statement the Chancellor, George Osborne said: "It's...
Multinational hotel, coffee shop and restaurant company Whitbread has seen an 18.5% rise in annual pre-tax profit.The company behind Costa Coffee, Premier Inn and various pub chains, also delivered a 11.1% rise in revenue and its underlying pre-tax profit rose to £488.1 million after strong sales at Costa. There had been...
Due to consumer concerns regarding safety, Pepsi has taken the decision to remove the artificial sweetener aspartame from its cans of Diet Pepsi which will go on sale from August, although only in its US business.Regulators in the US and UK still maintain that aspartame in soft drinks is safe,...
It has been reported that the UK’s largest mobile phone operator, EE has seen a drop of 1.1% in its operating revenue to £1.469 billion in the first quarter ahead of a takeover from BT, which will purchase the entire shares from Orange and Deutsche Telekom. This will happen when...
It has been reported today that representatives of 5,000 small businesses have signed a letter calling for the Conservatives to be “given the chance to finish what they started”. David Cameron plans to invest in broadband and treble start-up loans, however Labour have said the Tories “let down” small firms by...
High street fashion giant French Connection is facing ‘challenging conditions’ on the high street as its shares plummeted 24% after it advised it would miss City forecasts.In a statement, French Connection said: “We have been putting in place many improvements across the business in the last two years and will...
Dixons Carphone has said that it will be selling its majority stake in The Phone House in the Netherlands. Commenting on the transaction, Sebastian James, Dixons Carphone group chief executive, said: “Following last week's disposal of The Phone House Deutschland, this is another step in our clear strategic plan to focus...
Fast fashion etailer Boohoo.com has announced that it will be launching a collection of men’s tailored formalwear, made using traditional Italian materials but at low prices to appeal to its 16 to 24-year-old market. The collection, which will be available from August, features jackets, trousers and waistcoats, but purchasing the entire...
Sainsbury's will cut around 800 jobs as part of a restructuring in their stores, which will see the loss of department and deputy manager positions.The cuts are part of a plan, which were publicised in November, to save £500 million over the next three years.Roger Burnley, retail and operations director...
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