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Whitbread expected to announce expansion plans
News | 29 April 2013Plans to expand the Costa Coffee and Premier Inn chains could be announced this week when parent company Whitbread reports annual results on Tuesday Whitbread chief executive Andy Harrison is said to be working on plans to raise the groups growth targets for Whitbreads coffee and hotel chains as they...More > -
Pub and restaurant wine sales hit by supermarkets
News | 26 April 2013Pub and restaurant goers will drink less wine in pubs and restaurants over the next seven years as consumers focus their buying habits on the internet and supermarkets according to Vinexpo organiser of the worlds biggest wine and spirit exhibition The forecast is based on a report commissioned by Vinexpo...More > -
Samsung’s smartphones prove a winner
News | 26 April 2013Technology giant Samsung saw its profits leap 41 in the first quarter of this year thanks to a surge in sales of its smartphones as it continued to take market share from rival Apple The South Korean company made a net profit of 7 15 trillion won around 4 2...More > -
Amazon sees profits fall
News | 26 April 2013Online giant Amazon has reported a dip in profits as the cost of investing in new projects offset a rise in quarterly sales The worlds largest online retailer earned 82 million 53 3 million in the first quarter of the year down 37 on a year earlier Revenues were 22...More > -
UK avoids triple dip recession
News | 26 April 2013Britain managed to avoid an unprecedented triple dip recession as the UK economy grew by 0 3 in the first quarter ndash exceeding analysts expectations Despite this growth GDP still remains 2 6 below its pre recession peak in the first quarter of 2008 the quarter before the start of...More > -
Pressure on retailers continues as April figures show fall in sales
News | 25 April 2013High street sales volumes fell for the first time in eight months in April piling additional pressure on struggling retailers The bleak figures from the CBI showed that Easter failed to boost the industry with freezing weather and sluggish consumer spending driving retail sales volumes lower in late March and...More > -
UK awaits economic figures as triple-dip threat looms
News | 25 April 2013Economists are braced for the latest figures from the Office for National Statistics ONS today with fears that the UK could enter an unprecedented triple dip recession Economists fear it will be a close run result this morning whether the country has managed to avoid another quarter of shrinking output...More > -
Primark confirms suppliers’ deaths in Dhaka building collapse
News | 25 April 2013Primark has confirmed that workers at one of its suppliers may be amongst the dead following the collapse of an eight storey building in Bangladesh The budget fashion giant said that it is shocked and saddened as reports came in of the death of almost 150 people in the collapse...More > -
TSB branches to float after Co-op deal collapses
News | 25 April 2013Over 600 Lloyds bank branches will float on the stock market under the TSB Bank brand after a deal to sell them to The Co operative Group collapsed The Co op today admitted defeat in its plans to create a major customer owned rival to the big four high street...More > -
Thorntons sales climb during third quarter
News | 24 April 2013Chocolate retailer Thorntons reported a sales rush as shoppers indulged on Easter eggs and celebratory confectionery Profits will beat expectations Valentines Day and Mothers Day fell within the third quarter as well as Easter and total sales for the chocolatier climbed by 4 to 60 6 million in the 14...More >
