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UK-based online fashion retailer ASOS has seen another good period of sales growth, with retail sales up 26% year-on-year for the two months ended February 28th, although the company’s earnings margin is expected to shrink this year to around 6.5% due to investments in the UK and Germany as well...
An employee of supermarket chain Morrisons has been held by police after the payroll data of approximately 100,000 staff members, including bank account details were published online last week. A disc containing the data was also sent to the Telegraph & Argus newspaper in Morrisons’ hometown of Bradford.West Yorkshire Police...
Sainsbury’s has seen an end to nine-years of quarterly sales growth, as budget supermarkets continued to take a bite out of the mainstream grocery market.Although it maintained its own market share at 17%, the second-largest UK supermarket said today that total sales in its fourth quarter were down 1.5%, down...
Clothing chain Next is expected to report higher profits than Marks & Spencer for the first time when it delivers its annual results later this week.Next was founded in 1982 by George Davies, who is also known for George at Asda and Per Una at M&S.In its January trading statement,...
The national minimum wage will increase by 19p an hour to £6.50 in October, the government has announced, in a move that will benefit half a million workers.Business Secretary Vince Cable said he had accepted a recommendation from the Low Pay Commission that the minimum wage should increase by 3%,...
The payroll details of up to 100,000 Morrisons employees have been stolen in a data breach which involved bank account details being published online and being sent to a newspaper on disk.Morrisons says that staff will be not be "financially disadvantaged" by the data theft.Detective Chief Inspector Nick Wallen of...
Vodafone has agreed to buy Spanish company Ono for Eu7.2 billion in order to expand its operations in Europe.Ono is owned by a private equity company, providing cable TV and internet services to over 1.9 million customers in Spain.Vodafone boss Vittorio Colao said the deal was "an attractive value creation...
Alistair McGeorge, chairman of New Look, is to step down at the end of May “to pursue other opportunities”.Anders Kristiansen, CEO of New Look said: “The Board joins me in thanking Alistair for his commitment and invaluable contribution to the group. He has been an instrumental part of the transformation...
Retail sales in the US rose 0.3%, the first increase in two months as the third-coldest winter on records began to lift. Economists had predicted a rise of just 0.2%.Heavy snowfall caused disruption across America but contributed to a rise in building materials and garden equipment such as snow shovels.Sales...
Pub group Wetherspoon saw a 9% rise in revenue for the first half, although it warned that taxation and input costs as well as strong comparisons against last year would prove more difficult in the coming months.In the 26 weeks ended January like-for-like sales were up 5.2% with operating profit...
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