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Coronavirus
Amazon: Sales surge while spending rises
Amazon has revealed that sales rocketed 26% to $75.5bn (£60.1bn) in the first quarter of the year, with a possibility…
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Coronavirus
Sainsbury’s to face £500m profit hit
Sainsbury’s has warned that its annual profits could take a £500m hit as a result of the ongoing pandemic, despite…
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News
Former Sainsbury’s exec set to head Waitrose
The John Lewis Partnership is poised to appoint a former Sainsbury’s executive to head up its food operations at Waitrose…
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Coronavirus
Marks and Spencer suspends dividends, secures funding
Marks and Spencer has announced it will not pay a dividend for the 2020/21 financial year in its latest effort…
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Coronavirus
BRC issues new guidance on re-opening stores
The British Retail Consortium (BRC) has issued new guidance for shops regarding procedures to maintain when businesses re-open following the…
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Coronavirus
Government introduces new measures to protect high street
The business secretary has announced a new set of measures that will be introduced to protect high street businesses “under…
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Coronavirus
DFS raises £64m from shareholders and directors
DFS revealed it has successfully raised £64m through a share placing in a move that will “significantly increase its financial…
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Clothing & Shoes
Moss Bros buyer fights to pull £22.6m offer
The Brigadier Acquisition Company is reportedly seeking to retract its £22.6m offer to takeover Moss Bros. The Moss Bros board…
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Coronavirus
Covid-19: Primark to suffer £284m stock hit
Associated British Foods (ABF) has revealed that Primark will take a £284m hit in stock following store closures amid the…
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Coronavirus
DFS remains ‘confident’ as it plans equity raise
DFS has confirmed that it is in the advanced stages of negotiating an additional debt facility amid the ongoing coronavirus…
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