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The British Retail Consortium has said that a 4.2% rise in like-for-like retail sales in April, a 2.2% rise on the previous year, points to an expanding wider economy.On a total basis, sales were up 5.7%, against a 0.6% fall in April 2013, although growth was positively distorted by the...
The race to build the UK’s next new runway has heated up, as Heathrow and Gatwick airports unveiled their plans for expansion to the Airports Commission. Both airports are applying for extra space, meaning the UK will gain a second runway at Gatwick or a choice between building a new...
Pub group Enterprise Inns has revealed “positive progress” as its profits rose to £47 million before tax in the six months to March 31st, compared to £29 million the previous year.Commenting on the results, Simon Townsend, CEO said: "I am pleased to be able to report positive progress for the...
The chairman of Samsung Electronics is “stable” following emergency heart surgery at a Samsung-operated hospital in Seoul.Lee Kun-hee succeeded his father as head of the company in 1987 when it was mainly a producer of memory chips with a minor consumer electronics arm. In the 1990s, the company became the...
The UK has more billionaires per head than any other country, as the number of billionaires calling Britain ‘home’ rose to over 100 for the first time, according to the Sunday Times Rich List.The 104 UK-based billionaires have a combined wealth of over £301 billion, whilst London holds the record...
Japanese electronics retailer Sharp has made its first profit in three years after a restructure of the business and a boom in demand before the country’s consumption tax rise.In its annual report, the company said net income was 11.6 billion yen ($114 million; £67 million) more than double its forecasts.Sales...
Details of the long-awaited merger between Carphone Warehouse and Dixons Retail is expected to be revealed as early as this week, according to reports.The two companies confirmed that they were in talks in February but said last month that they were taking more time to discuss the details of the...
Arcadia tycoon Sir Philip Green is set to return to the stock market after nearly three decades by taking a 25% stake in online fashion store Mysale.According to reports, the retail mogul is to invest an unknown amount in the site which Carl and Jamie Jackson launched in Australia in...
Easyjet is developing unmanned drones to inspect its aircraft for external faults or issues, with testing coming in the coming months.The flying machines are being developed in conjunction with a team from the University of Bristol, are part of moves to develop the airline’s ‘paperless plane’ strategy which also includes...
Drinks giant Diageo has appointed the CFO of Marks & Spencer to its board as a non-executive director from September 1st. Prior to his appointment to Marks & Spencer plc in 2010, Alan Stewart Stewart was CFO of AWAS, a leading aircraft leasing company and group finance director of WH...
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