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The pensions regulator is expected to say that employers are not contributing enough to workers pensions following the implementation of the auto-enrolment scheme, which began in 2012.Under the plan, employees, employers and the Government all pay into the pension pots of workers aged over 22 and earning over £9,440.However, concerns...
The world’s third-biggest brewer has said that it expects sales to grow this year following a fall in 2013’s figures as a weak market in central and eastern Europe hit profits.In a statement, Heineken said: “In 2014, Heineken expects a gradual recovery in the global economy to underpin improved trading...
Punch Taverns has cancelled a key shareholder vote planned for Friday over a plan to restructure its £2.3 billion debt pile. The pub company said that it was still necessary to hold the meetings but it said that it was delaying them in favour of more time to talk to...
It has been reported that the founding family of supermarket Morrisons has been in talks with private equity companies to take the retailer private.The Morrison family are thought to hold between 9% and 10% of the grocery chain but have currently been unable to find a partner for any potential...
H&M have announced that it will open its first store in India this year, the first in a run of important openings for the fashion retailer in 2014.This year will also see H&M open debut branches in the Philippines and Australia, adding to its current presence in 53 markets worldwide...
Fashion retailer New Look has seen a 5.6% rise in revenue for the third quarter, with group like-for-like sales up 1.1%.Anders Kristiansen, CEO, said: “We are pleased with our performance in a difficult quarter. Growth was once more driven by a particularly strong e-commerce performance – both from our own...
Homeware group Dunelm has said that it is confident in its future growth prospects thanks to significant new store growth and a multi-channel agenda.In the 26 weeks ended December 28th, revenues were up 4.8% to £356.3 million although like-for-like sales fell 0.9% (down from 2.2% the previous year).Meanwhile, operating profit...
The latest data from the BRC–KPMG online sales monitor has revealed the strongest growth in online sales for January since 2009.Online sales of non-food products in the UK grew 19.2% in January versus a year earlier. In January 2013, they had increased by 13.5% over the previous year.In January, online...
Thomas Cook has said that it is confident in reaching its financial targets for the year, after a cost saving plan began to bear fruit for the travel firm.The group’s turnaround plan is half way through its scheduled three years, which includes job cuts, branch closures and disposals.A disposal of...
The Local Data Company, which monitors more than 2,000 towns, shopping centres and retail parks, has said that average shop vacancy rates were below 14% for the first time in four years.However, the study also showed that vacancy rates in the North and East of England have all increased in...
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