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Figures released today indicated that the UK services sector rose at its strongest pace in 16 years between July and September, indicating potential strong growth for the economy as a whole.David Noble, chief executive of the Chartered Institute of Purchasing and Supply, which compiled the services sector figures, said: “After...
The chairman of Carpetright, Lord Harris of Peckham, is stepping into a full time role at the company following the announcement that Darren Shapland would be leaving the business with immediate effect. The news came as Carpetright warned that annual profits would not meet expectaions by a “significant” amount.Lord Harris...
Australian-based stationery firm Smiggle is set to launch in the UK with the first store opening at Westfield Stratford.The flagship store, opening in February, is part of further plans to expand into Europe, building on its current estate of 120 stores in Australia, New Zealand and Singapore. ...
China has banned travel agents taking tourists from mainland China on “forced” shopping trips to Hong Kong. Previously, travel agencies took their tour groups on shopping trips where they are forced to make purchases and the agencies make commission from the stores’ profits. ...
The US President Barak Obama has warned that the US Government could default on its debt in the coming weeks.Mr Obama said that he was “exasperated” that conservative Republicans were willing to let the country hit its debt ceiling and run out of cash whilst also failing to agree on...
A French court has fined budget airline Ryanair Eu8 million after it found that the company had breached local labour laws by employing over 100 staff on Irish contracts at its Marseille operating hub from 2007 to 2010.A spokesman for Ryanair said that the firm would be lodging an appeal....
Fashion retailer Jack Wills has said that it will be opening pop-up stores in the US and UK in time for the festive season.The fashion retailer, which has 60 stores in the UK and Ireland, launched what is thought to be its most successful UK store to date in Newcastle...
Marc Jacobs has confirmed that he is to leave Louis Vuitton after 16 years in order to concentrate on his own label.The news was confirmed by LVMH chairman and CEO Bernard Arnault, following the designers final show for the brand which was a celebration of his greatest hits including set...
David Cameron will tell his Conservatory Party conference that profit is “not a dirty word” and said that the future for jobs and wealth in the UK lies in big corporations.“Profit, wealth creation, tax cuts, enterprise — these are not dirty, elitist words. They are not the problem. They really...
Sainsbury’s has said that growth in the key platforms of convenience and online helped it outstrip rivals in the second quarter.The supermarket is currently third in the ‘big four’ of UK grocery, behind Tesco and Asda but ahead of Morrisons. However it has been consistently reporting growth and is the...
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