Retail sales bounce back in April thanks to sunny Easter

Good weather and Easter spending contributed to a rise in retail sales in April, following a short period of contraction in March. Overall sales by value grew 7% year-on-year, and 1.9% on last month, Office for National Statistics (ONS) figures showed. The expectation-busting return to growth in UK consumer spending, combined with Trump’s firestorm, has

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Jimmy Choo Puts Itself Up For Sale

Luxury shoe maker Jimmy Choo has said it is seeking potential offers for a sale of the business. The firm, which has a market value of about £700m, has not received any bids yet and is also weighing other options. As well as shoes, Jimmy Choo produces a range of luxury goods, but has seen

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UK firms ‘struggling to recruit staff’

UK firms want to recruit more workers but cannot find or afford the right staff, a survey has found. The British Chambers of Commerce (BCC) spoke to 7,300 businesses in the manufacturing and services sectors, and found the percentage seeking to hire had grown by up to 9% in the last quarter. But most also

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Tesla Reports Record Car Deliveries

In a record quarter, Tesla delivered just over 25,000 cars in the first three months of the year. The electric car maker said that was a 70% rise on the same period of 2016. It is a rebound for the US company after production problems late last year resulted in a 9% fall in deliveries

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Morrisons Sees Best Christmas Performance For Seven Years

Morrisons has reported its strongest Christmas sales for seven years as the supermarket chain’s recovery continues.  Like-for-like sales for the nine weeks to 1 January rose 2.9%, with fresh food, beers, wines and spirits, and its Nutmeg clothing all performing well. Morrisons added it now expected annual underlying profits of £330m-£340m, beating analysts’ consensus of £326m. Early

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Amazon Named the Most Valuable Retailer

    A leading global market research agency has named Amazon as the world’s most valuable retail brand, with an estimated value of $98.98 billion USD. The BrandZ Top 25 Most Valuable Global Retail Brands report, put together by Kantar Millward Brown, said the online retail behemoth has continually pushed the boundaries and expanded into

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Samsung Ends Galaxy Note 7 Production

South Korean tech giant Samsung has permanently ceased production of its high-end Galaxy Note 7 smartphones after reports of devices it had deemed safe catching fire. The firm had already reduced Galaxy Note 7 production volumes. Owners are expected to be able to return the phones for a refund or an exchange for a different

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