More on Me + Em – Page 2628
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News
Delhaize Q1 revenue up 1.7%
Delhaize Group posted 1.7% revenue growth In the first quarter of 2010 at identical exchange rates.At actual exchange rates, revenue decreased 2.3% to e4.97 bn (£4.48bn), due to the weakening of the US dollar by 5.8% against the euro compared with the first quarter of 2009. Organic revenue growth was ...
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NewsEconomists expect new government to push up VAT
Top economists are expecting the new coalition government to raise VAT to 20% to help plug the gaping budget deficit.
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NewsBaugur boss Jón Ásgeir Jóhannesson accused of ‘looting’ Icelandic bank
Jón Ásgeir Jóhannesson, the owner of the now defunct Icelandic investment vehicle Baugur, has been accused of spearheading the $2bn (£1.3bn) “looting” of Icelandic bank Glitnir before its collapse in October 2008.
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NewsTesco loses to Sainsbury's in planning row
Tesco has lost out to Sainsbury’s in a ten-year planning row in Wolverhampton.
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News
Bim Q1 proftis up 20%
Hard discount retailer Bim reported that its net profit rose 20% in the first quarter of 2010, up to TRL66m (£28.5m), and is on track to beat its 2010 profit and turnover targets. Sales climbed 29% to TRL1.58bn (£682.69m).
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News
Big W launches online
Woolworths’ discount department store, Big W, has launched an online store, allowing web-based shoppers access to more than 4,000 items from its range, including 600 items that are not available in-store.
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NewsClinton Cards like-for-likes dip
Clinton Cards has reported like-for-like sales excluding VAT were 1.7% lower in the 13 weeks to May 13 than the same period the previous year.
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NewsCurrys-owner DSGi unveils 6% like-for-like advance
Currys and PC World-owner Electricals group DSGi has posted a 6% rise in like-for-like sales in its second half and secured a new revolving credit facility.
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NewsSainsbury’s profits ahead of expectations
Sainsbury’s has reported underlying pre-tax profit ahead of expectations up 17.5% to £610m in its full year results.
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News
Ikea postpones Ukraine expansion plan
Ikea has postponed a plan to build a network of stores in Ukraine.Oksana Belaichuk, Ikea’s public relations director for Russia and the Commonwealth of Independent States, said: “The leadership of the Ikea group of companies has decided to suspend the search for new land plots and temporarily postpone the plan ...
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News
X5 to increase Express Retail stake
X5 Retail Group has announced an agreement to acquire an additional 20% stake in Express Retail for $6m (£4m).Express Retail is a joint venture operating 52 Perekrestok-Express convenience stores around Moscow, and is developing several franchising projects in this segment. The purchase brings X5’s total ownership interest to 60% of ...
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News
ICA Group reports increased sales
Ahold’s ICA Group has reported increased sales and improved operating income for the first quarter of 2010.Net sales for the first quarter amounted to Skr22.72bn (£2.11bn), up 0.7% on the same period last year. At constant exchange rates, net sales grew 1.7%. Operating income amounted to Skr620m (£57.51m), up ...
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NewsNational Insurance rise scrapped, new Government confirms
The new Conservative-Liberal Democrat coalition Government has this afternoon confirmed it will scrap part of Labour’s planned rise in National Insurance.
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NewsFaith administrator rejects bids
Mazars, the administrator handling the beleaguered footwear chain Faith, has rejected two bids to acquire the business and has shut down 44 of its standalone stores.
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NewsMarks & Spencer outlines pension funding plan
Marks & Spencer has outlined the plan for its £800m pension scheme funding plan.
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OpinionAye, aye Captain
A visit to Unilever’s Customer Insight & Innovation Centre highlights just how seriously it takes its role as a category captain.
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NewsSir Stuart Rose admits he considered taking M&S private
Sir Stuart Rose, the chairman of Marks & Spencer, has admitted he considered taking the chain private to allow it to concentrate on long-term planning.
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NewsMarks & Spencer launches mobile-optimised website
Marks & Spencer has launched a new version of its website optimised for use on mobile phones.
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NewsSales leap at Liberty
Sales at upmarket department store Liberty rose 40% in the first four months of this year, owner MWB has reported.