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Today’s news in brief-25/3/24

Former UK Chancellor Nadhim Zahawi is reportedly in discussions with online retailer The Very Group regarding the role of its…

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Kingfisher profits drop amid poor international performance

Kingfisher has seen its pre-tax profits drop 25% to £568m for the year ended 31 January, down from £758m the…

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BP appoints David Phillpot as European convenience trading director

BP has announced the appointment of David Phillpot as convenience trading director, Europe. Phillpot joins the firm from M&S and…

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Kingfisher lowers profit guidance amid slight sales drop

Kingfisher has lowered its profit guidance for the year after it saw its sales slip 2.1% to £3.2bn for the…

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B&Q owner Kingfisher slashes full-year guidance

B&Q owner Kingfisher has slashed its full-year profit guidance to £590m, down from £634, as the retailer continues to face…

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Pepco Group CEO steps down

Pepco Group has confirmed that Trevor Masters has stepped down as CEO of the company with immediate effect. Andy Bond,…

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JD Sports to become sole owner of MIG

JD Sports has announced that it has acquired the remaining 40% minority stake of Marketing Investment Group S.A. (MIG) from…

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Poundland owner reports positive growth of 12.5% in Q3

Pepco Group, the owner of Poundland, has reported that third quarter revenues hit €1.37bn (£1.17bn), up by 12.5% year-on-year, with…

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Dyson seeks permission for £100m research centre in Bristol

Dyson plans to invest £100m in a new research and development building opposite Castle Park, close to Bristol Bridge, which…

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Shein considers becoming online marketplace

Shein is reportedly considering becoming an online marketplace platform, in a move that would enable third-party merchants to sell directly…

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