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WH Smith has released its trading update today for the period to January 17th, with a good performance across the group.In the travel sector, the company saw a rise of 7% with like-for-like sales up 2% especially in large airports as gross margin continued to grow. However, on the high...
Fashion retailer Austin Reed Group has announced that it is due to close 31 stores as part of a restructuring agreement that will also see the firm benefit from a £3 million cash injection from shareholders.As part of a Company Voluntary Agreement (CVA) brokered by Deloitte, the group will close...
Newly-merged electronic goods and mobile phone retailer, Dixons Carphone has said trading over Christmas was a "rollercoaster" but its full year profit will be ahead of expectations.The company which was formed last year by the merger between Dixons Retail and Carphone Warehouse, said it will now make pretax profit of...
The cost of crime in the UK retail industry has reached the highest level in a decade to £603 million in the 2013-14 financial year.According to this year’s British Retail Consortium (BRC) retail crime survey, the average value of each in-store theft across the total UK retail sector increased by...
The former chief executive of Tesco, Sir Terry Leahy has said Tesco allowed the trust of its customers to be "eroded", in his first detailed comments on the crisis that is engulfing the country’s biggest retailer.Sir Terry told BBC Panorama: “People tried very hard to do the right thing –...
It has been reported that the government are to do more to help protect dairy farmers from fluctuations in the market. This comes as demand has fallen in China and Russia’s ban on dairy imports.Claire Marshall a BBC environment correspondent said “to keep cattle well fed and looked after costs...
Thorntons has reported strong like-for-like growth in the weeks up to and including January 10th, as customer spending on festive products increased.In a statement, the chocolate-maker said that sales grew 5% in the period, as demand for seasonal goods such as advent calendars all contributed to the 7.8% rise during...
It has been reported that in the last 10 years the economic gap between North and South English cities has dramatically widened.The study by the Centre for Cities showed that for every 12 new jobs in southern cites, only one was formed elsewhere.However, the EY Item Club's chief economic adviser,...
Off-licence franchise group Conviviality Retail has seen a 46.7% increase in pre-tax profit, boosted by a strong Christmas with growth in the two weeks to January 4th 2.6% above last year.Commenting on the results, Diana Hunter, CEO of Conviviality, said: "I am pleased with our first half year results which...
The European Commission has said that a 2003 a tax deal between Amazon and state authorities in Luxembourg may breach “state aid” rules.Amazon has responded by saying it "has received no special tax treatment from Luxembourg".The investigation came about after the European Commission raised concerns last year that the agreement...
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