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It has been reported that Apple is in talks to buy headphone brand Beats for as much as $3.2 billion (£1.9 billion) in what would be tech giant’s biggest acquisition to date.A source said that the two companies were still negotiating, according to the Financial Times.Beats, which also operates a...
A new report has indicated that the number of permanent hires in the UK grew in April, up on the previous month but still lower than the boost seen in February.Demand for highly skilled workers also grew, as many people chose to stay with their current employers rather than move.The...
Fears for the Chinese economy were allayed this week, when it was revealed that the county’s import and export markets recovered in April.In the first three months of the year, the world’s second largest economy expanded by 7.4%, down from 7.7% in the previous quarter.Exports in April grew 0.9% on...
Department store group John Lewis is dipping its toe into the convenience store market with a test store in St Pancras station, London.The store will also function as a pick-up location for its click and collect service.The group, which is celebrating its 150th anniversary this year, said that it may...
Nintendo has said that it will not introduce gay characters to its Tomodachi Life game despite a social media campaign by fans.The game, which has seen success in Japan, is due to launch in the US and Europe next month. It features the Nintendo Mii avatars which players create based...
Supermarket Morrisons has said that total sales (excluding fuel) fell 4.2% in the 13 weeks to May 4th, hit by a competitive market. Like-for-like sales were down 7.1% (8.2% including fuel) although the company said that expectations of profits for the full year were unchanged.In March, Morrisons announced plans to...
Coffee shop chain Caffe Nero has said that a letter that accuses it of legally avoiding corporation tax is “factually incorrect”. The letter, which was sent to the firm by customer Steve Pottinger, has since gone viral on social media.A spokeswoman said there were "lots of things" in Mr Pottinger's...
The new retail chief of Apple, Angela Ahrendts, has been awarded a pay package which includes $68 million (£40 million) in shares, making her one of the best-paid female executives in the world. Ms Ahrendts will receive 85% of the shares as long as she stays with Apple for four...
Sainsbury’s has said that a renewed focus on its own-brand products helped achieve a 16.3 % rise in annual pre-tax profit to £898 million, Sainsbury’s own brand products grew at over twice the rate of branded goods in terms of both sales and volumes.The re-launched by Sainsbury's range now has...
A report by former City minister Lord Myners into the governance of the Co-operative has said that the current structure is “dysfunctional” and a smaller board with more management experience is required to take the group into the future.The review of the 150-year old organisation by Lord Myers said that...
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