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Poundland has announced it wants to buy discount rival 99p Stores for £55 million, subject to clearance by competition authorities.The budget retailer Poundland, which has previously expressed an ambition to double its UK and Ireland network of more than 500 stores, said the two firms have signed a conditional deal...
It has been announced that BT has bought mobile operator EE for £12.5 billion. This takeover will cover fixed-line phones, TV, mobile and broadband which will make BT a leader in the 4G market.The shareholders for EE, Orange and Deutsche Telekom will sell 100% of their shares but as part...
It has been reported that Hugo Boss has started work to increase the size of its flagship store in Liverpool’s Metquarter shopping centre. For the time being it has relocated to another site whilst work to the interior and exterior are being done.This follows Gieves & Hawkes attaining a ten...
Discount retailer Aldi has announced plans to open more than 70 new stores in the UK.The new stores will recruit almost 5,000 staff this year, including roles for 150 store managers and 300 assistant store managers. The discounter will also recruit 4,500 full time and part time staff for the...
Tesco has said that it is “contractually committed” to pay out £2.2 million in severance pay to ex-boss Philip Clarke and former finance director Laurie Mcllwee despite an ongoing investigation into the company’s finances.In a statement Tesco said that it had to make the relevant payment to each former director...
Research by the Local Data Company who keep an eye on 3,000 retail parks, town and shopping centres has reported one in five shops in the North are empty with the North East being the worst affected, in comparison with one in 10 shops in the South, London being the...
Fast food chain McDonald's is selling a bottle of their iconic Big Mac burger’s sauce on eBay, which has attracted a bid of more than $18,000 (£12,000) already.The auction price may rise further given there is another eight days to go, running to February 11th. All the proceeds raised will...
RadioShack has had its shares put on hold from trading on the New York Stock Exchange as it carries on seeking possible rescue from bankruptcy. If the company fail to find a bidder then it will have to close down all of its 4,000 stores. Over the past year the...
Ocado has turned in its first annual profit since the grocery delivery service was founded 15 years ago, making more than £7 million last year as its deals with Waitrose and Morrisons paid off.The company said with more customers choosing to drop the weekly shop visit in favour of online...
Cadbury has announced that it will be shrinking the size of its Australian chocolate bars by 10%, reducing its 220g Dairy Milk, and its assorted nutty variants, by 20g, but the price will stay the same.The company’s decision to reduce its family block by one row has been blamed on...
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