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Britain’s fourth largest grocer has seen another big fall in sales for the third quarter, although the supermarket insisted that its overall performance showed “continued progress”.In the 13 weeks to November 2nd, Morrisons announced a drop in total sales excluding food of 3.6% and like-for-like sales were down 6.3%.In a...
Pub chain JD Wetherspoon has said that taxes remain the biggest dangers to the pub industry as it reported lower margins in the quarter and a projected drop in margins for the full year.The chain, which has seen good results ahead of the market in recent times, brought in a...
The service sector in the UK slowed by more than expected to a 17-month low in October, according to a report from business analysts Markit/CIPS.The purchasing manager’s index, a key economic indicator of the private sector, showed growth, albeit slow, in the service sector and follows PMI surveys that showed...
Scientists have warned that shift work can prematurely age and dull the brain’s intellectual ability.A study, published in the journal Occupational and Environmental Medicine, found that working anti-social hours for ten years aged the brain by six and a half years.Dr Philip Tucker, part of the research team in Swansea,...
Marks & Spencer has said that half-year profits saw a rise, despite its clothing arm being hit by unseasonably warm weather this autumn.In the six months to September 27th, the company saw group profit before tax rise 2.3%, driven by its food division where sales continued their upward trend, rising...
A court has ruled that overtime should be taken into account when holiday pay is calculated in a case that could leave small firms liable for “billions” of backdated payouts.The Employment Appeals Tribunal said that employers must take regular overtime shifts into account, not just basic pay in what was...
Employers could be liable for billions of pounds of backdated holiday pay after the result of an Employment Appeal Tribunal today.The case of Bear Scotland versus Fulton involves three employees who claim that voluntary overtime pay should have been factored into their holiday pay. Currently, only basic pay counts when...
Greene King has agreed to buy Spirit Pub Company as part of a move by the Suffolk-based brewery and pub group into food-based pubs and restaurants.The offer, which had to be revised from an initial bid in September, values Spirit at almost £774 million. It will mean that Spirit’s Chef...
AB Foods has celebrated “another magnificent year” at its clothing arm Primark, which increased both its stores and sales.In the year, total sales rose 16% to £4.95 billion at the clothing chain, pushing pre-tax profit for the wider group to £1.02 billion despite taking a hit from lower sugar prices...
John lewis has announced its largest cuddly toy collection ever, with a 62 piece collection ranging from a gorilla through to guinea pigs it is set to be a Christmas bestseller with price points from a £7.50 Meerkat to £1799 for a 6ft exotic camel.So far this year John Lewis...
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