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Hospitality and leisure group Whitbread has said that its Costa and Premier Inn brands led it to report a 6.9% rise in sales at outlets open for more than one year.The growth was led by an upturn in sales at its Premier Inn hotels and coffee chain Costa which rose...
US coffee chain Starbucks has said that it will contribute to its US employees’ college tuition fees. The firm has said that it will partner with Arizona State University to offer its 135,000 US employees who work over 20 hours a week discounted tuition for online bachelor’s degrees. There will...
The number of sick days taken by workers is at an all time low, according to a new study by the manufacturers' organisation EEF.The survey shows that overall levels of absence have reached a record low of 2.1%, equivalent to 4.9 days per employee per year.This remains around the levels...
SSP, which runs fast food franchises in hundreds of train stations across the UK, is planning to float on the London stock exchange.The company, which owns more than 2,000 outlets, operating brands including Millie's Cookies, Burger King and Starbucks, would be the biggest this year, valuing the company at £2...
Productivity in the UK is experiencing a 16% deficit on its pre-economic crisis levels, although the Bank of England has admitted that it is at a loss to explain why.In its latest quarterly bulletin, the bank said that, prior to the recession, productivity levels had been steadily on the rise,...
Zara owner Inditex has beaten expectations by reporting a 4% rise in sales. The group, which is the world’s largest fashion retailer, saw sales rise from EU3.59 billion last year to EU3.75 billion in the three months to June this year. The Spanish-based group has seen a slowdown in revenue...
The recession led to 10,000 extra suicides in Europe and North America according to a new study published in the British Journal of Psychiatry.The study found that said suicides had been declining in Europe until 2007 but by 2009 there was a 6.5% increase, a level that was sustained until...
The CEO of Kingfisher's Castorama & Brico Dépôt brands has announced that he will step down from the board at the end of July, although he will remain with the business until the end of the financial year in order to assist with the negotiations to acquire Mr Bricolage, which...
The British Retail Consortium has said that UK retail sales growth slowed in May as food sales declined. The 3-month average year-on-year change for food was -0.2% in total, turning negative for the first time since records began in 2008, excluding Easter distortions. For non-food, the 3-month average was 4.3%,...
UK regional airline Flybe has announced that it has returned to profit for the full year, despite being in the very early stages of a turnaround that is anticipated to take two years to complete.The group, which has ambitions to become “Europe's best local airline” saw record numbers of passengers...
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