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Results from the Office for National Statistics has shown that the UK inflation rate for March has remained at 0%.Factors contributing to the 0% rate for the second month included cheaper footwear and clothing.The ONS commented that the rate of inflation was calculated to two decimal places so prices were...
It has been reported that both Heathrow and Gatwick airports had a record number of passengers in March as they compete for a planned new runway.Figures show that Heathrow recorded 5.95 million passengers last month which was an increase of 3.4% on the previous year, and Gatwick recorded 3 million...
The National Basketball Association is ending a 28-year deal with Coca-Cola and will be sponsored by rival, PepsiCo.The American food and beverage company will be the official food and drinks partner of the NBA, the Women's National Basketball Association, NBA Development League, and USA Basketball.The deal covers North America and...
Discount retailer Poundland has reported further sales growth and plans to press ahead with its expansion.Poundland's revenues exceeded £1 billion for the first time in its last financial year, while total sales in the UK and Republic of Ireland rose by 11.8% to £1.1 billion, helped by the opening of...
After its near-collapse three years ago, the UK’s budget hotel Travelodge has reported an increase in profits of more than 60%.Figures show that for the year to 31 December 2014 underlying profits increased to 63.5% to £66.2 million and revenue increased 14.9% to £497.2 million.Peter Gowers, chief executive of Travelodge...
The British Retail Consortium has reported that supermarkets are “fighting back” as like-for-like sales for the UK retail industry increased by 3.2% compared to a decrease of 1.7% the previous year. On a total basis, sales were up 4.7%, against a 0.3% fall in March 2014.Food sales experienced their strongest...
A new report has said that UK employers intend to keep hiring more staff for the foreseeable future, with figures higher than before the financial crisis. UK unemployment fell by 102,000 to 1.86 million in the three months to January, with the unemployment rate at 5.7%, according to official figures,...
According to the Society of Motor Manufacturers and Traders, nearly 100,000 vans have been registered in the first three months of 2015, a 22.3% increase for the same period last year, due to continued growth in online shopping. Figures show that UK online sales reached £103 million in 2014 and are...
Flipkart, often referred to as the “Indian Amazon” has joined forces with Mumbai’s 5,000 lunchbox deliverymen in their distribution chain. Dabbawalas are famous for collecting hot lunches from customer’s homes and delivering them to 130,000 offices and schools throughout the city every day on trademark overloaded bicycles. A complex system of...
The Scottish Affairs Committee has said that the handling of fashion chain USC’s collapse by Mike Ashley’s Sports Direct “looks well dodgy”. USC went into administration in January, with 200 employees being given only 15 minutes warning before being made redundant.The loss of over 80 jobs in a South Ayrshire depot...
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