Supermarket Price Wars Stifle Sales Growth

UK retail sales fell in July as the supermarket price war continues. According to the British Retail Consortium (BRC), like-for-like-sales for the month were down by 0.3%, a sharpe contrast to the same period in 2013, when they rose by 2.2%. The drop...

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Barneys Agrees To Pay Fine Over Race Row

Barneys has agreed a $525,000 (£312,700) settlement following allegations that the luxury retailer racially profiled customers at its flagship store in New York. The agreement comes after a probe was launched last year amid complaints that minority...

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Care Giant Races To Avert £500m Sale Collapse

By Mark Kleinman, City Editor The parent company of HC-One, one of Britain's biggest nursing home operators, will hold crunch talks this week aimed at preventing the collapse of a £500m sale of the business. Sky News has learnt that NHP is expected...

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GSK Investigates New Syria Bribery Allegations

GlaxoSmithKline (GSK) says it is investigating new bribery allegations raised by an apparent whistleblower concerning its operations in war-torn Syria. The pharmaceutical firm, which was already facing accusations of corruption in its consumer business...

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Barcode Scanning App Used To Boycott Israel

More than 400,000 people are boycotting goods produced by Israeli-linked companies using a barcode scanning app. Buycott allows users to identify the source of products instantly so that purchases do not conflict with their beliefs. People can set...

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Just Eat Delivers Tasty Results As Profit Triples

Just Eat's profit almost tripled in the first half of the year as the online takeaway service added thousands of restaurants to its books. The company saw its pre-tax profit rise from £3.1m to £8.6m in the six months to the end of June. It also reported...

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Brazilian Bunch Disrupt Banana Merger

Banana producer Chiquita Brands International has received a £364m buyout offer from Brazilian orange juice company Cutrale Group, in partnership with Brazilian investment firm Safra Group. The unsolicited bid interrupts merger talks between Chiquita...

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Firing On All Cylinders: The Man From The Pru

By Ian King, Business Presenter While its principal domestic rival, Aviva, remains a turnaround in progress, Prudential reminded the market today why it has been the darling of investors in the insurance sector during the last few years. The 17...

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CVC Looks To Cement Deal With Sovereign Funds

By Mark Kleinman, City Editor The private equity firm CVC Capital Partners is joining forces with some of the world's biggest sovereign wealth funds to bid for £4bn of cement assets that would make it a major player in the building materials sector....

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Ladbrokes Profits Halve Despite World Cup Surge

Ladbrokes profits have halved in the first six months of 2014, but it claims to now be ready for growth. The gaming company cited its restructuring in preparation for the World Cup as the reason for its decline in pre-tax profit, which fell 49.7% to...

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