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Chocolatier Thorntons has announced a surge in full-year profits as it reduced its store estate, revamped its branding and focused on improving margins and controlling costs.In the year ending June 29th, the company saw revenues rise 1.8% to £221.1 million with profit before tax and exceptional items increasing to £5.6...
Apple is set to launch the latest iPhone model later today, likely to be called the iPhone 5S, amid growing pressure to stave off competition from rival Samsung.There are rumours that the new phone will feature a fingerprint sensor for unlocking the phone or making payments from iTunes. It is...
One of the UK’s largest hotel and restaurant groups, Whitbread, has said that group sales rose 12.3% in the 24 weeks to August 15th, with Costa once more leading the growth.For the 24 weeks the group’s hotel chain Premier Inn grew total sales by 12.1%, setting the brand up for...
A new report from the Local Data Company has said that the number of vacant stores on the high street remain “stubbornly high” and equated to 23 Sheffield town centres of empty shops.Vacancy rates at the top 650 town centres in the country were 14.1%, only slightly down on the...
Jaguar Land Rover has announced plans to create 1,700 jobs at its Solihul plant as part of a £1.5 billion investment in converting future chassis to aluminium.The news comes as British manufacturing is thought to be experiencing a renaissance.The plans to create a new “aluminium architecture” for future models of...
Japanese firm Suntory has bought the Lucozade and Ribena drinks brands from GlaxoSmithKline (GSK) for £1.35 billion.Suntory entered the European market four years ago with the purchase of beverage firm Orangina Schweppes. GSK has chosen to sell off the brands in order to concentrate on its core pharmaceuticals business....
Primark owner Associated British Foods (ABF) has said that sales are expected to be 22% up on last year, helped by the strengthening euro and an increase in selling space.In a statement, ABF said: “Like-for-like sales growth in the first half was flattered by an exceptional start to the year...
A US judge has imposed restrictions on Apple to prevent it fixing the price of e-books following a court ruling.The judge said that Apple cannot enter into agreements with publishers that would allow prices to be fixed and must appoint an external monitor to ensure the company complies with the...
The TUC has said that total unemployment figures could be almost double the official estimates.The union organisation said that, once groups such as the economically inactive are added to the total, unemployment figures could be up to 2.26 million higher than the current official 2.5 million.Employment Minister Mark Hoban said...
In a row over jobs and conditions, union members of a pub delivery company are to strike next week in a move that is expected to cause “significant disruption”.Workers for Kuehne and Nagel Drinks Logistics (KNDL) are to walk out next Wednesday, which will be followed by an overtime ban,...
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