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The Food Standards Agency (FSA) is due to begin testing takeaway meals after it was found that nearly a third of dishes purporting to contain lamb were actually a different kind of meat.Out of 145 samples tested, 25 contained only beef, whilst others contained chicken or turkey.Local authorities are now...
Starbucks has announced that it is moving its European HQ to Britain in order to “better oversee the UK market”.The move will mean that the company pays more tax in the UK following a row over corporate tax avoidance which saw Starbucks pay the Government £5 million last year, its...
Sportswear retailer JD Sports Fashion has announced an increase in its full year pre-tax profits after its core sports fascias helped to deliver a year of "substantial" progress.JD said its sports fascias had produced a record result and an increase of 5% to £57.9 million in its core markets in...
The British Retail Consortium (BRC) director general Helen Dickinson has said that sales figures are "encouraging" despite a fall in the amount shoppers bought from retailers in March, with overall sales down 1.7% for shops open more than a year.The figures that were compiled by KPMG and the BRC were...
Tesco has announced a fall in profits for the second year in a row after a 1.4% drop in like-for-like sales saw group trading profit dip 6%.Many analysts had forecasted a fall of up to 10% to £3 billion however the fall was not quite as bad as they had...
Drinks giant Diageo has announced the launch of an offer to purchase 26% more of United Spirits. The group already owns 28.8% of the Indian conglomerate and if the current deal is successful then it will take Diageo’s stake to 54.8% but it will keep United Spirits on the open...
Department store Debenhams has reported a 25% fall in profits following what the chief executive called a “challenging” first half.Like-for-like sales were up 1.5% but below-expectation clothing sales were exacerbated by a weaker market in September and October to leave pre-tax profits down 24.5% at £85.2 million.The group added that...
A theme park which holds the world record for the most number of naked people on a rollercoaster has banned its male visitors from removing their shirts.Adventure Island in Southend said that it wanted men to "show some decorum".Marc Miller, managing director, added: “In recent years we've seen increasing numbers...
Fashion chain French Connection has said that like-for-like sales in the 11 weeks to April 12th rose 11% on the previous year, sending shares rising almost 12%.The announcement continues the positive trend as retail initiatives and improved product ranges continued to gain traction after years of weak sales. ...
A consortium of investors including former footballer and Celebrity Masterchef finalist Danny Mills has bought 34 stores of the West Cornwall Pasty Company after it collapsed into administration last week.The deal is expected to save over 200 jobs at outlets throughout the UK, including many mainline railway stations as well...
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