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Archive for April, 2019

JD Sports rewarded for focus on millennials

April 17, 2019

A focus on younger consumers has helped JD Sports to buck the retail gloom and report record results. The sportswear retailer said pre-tax profits rose 15.4% to £339.9m in the year to 2 February, with revenues jumping 49.2% to £4.7bn. Executive chairman Peter Cowgill told the BBC: “The business has stayed very much in tune with the […]


Unemployment across UK shows slight fall

Unemployment fell by 27,000 in the three months to February to 1.34 million, official Office for National Statistics (ONS) figures show. The number of people in work was also virtually unchanged at a record high of 32.7 million, with a jump of 179,000. The figure has increased by 457,000 over the past year, all among full-time […]


Norfolk man restores Spitfire in front garden over seven years

An aviation fan has said goodbye to a replica Spitfire fighter plane he spent seven years restoring in his garden. The aircraft in Paul Linsell’s front garden in Heacham, Norfolk, became a local attraction, drawing interest from holiday-makers. But it has finally been moved to an aviation museum where its restoration will be completed. Museum […]


Galliford Try shares drop on profit warning

Shares in construction firm Galliford Try fell 20% at the start of trading after the firm issued a profit warning. The company, whose activities include housebuilding and road bypasses, said profits will be £30-40m lower than the expected £156m, as it plans to shrink the size of its construction business. It said the biggest chunk related to […]


Netflix warns price rises to hit subscriber growth

Netflix expects subscriber growth to slow in the second quarter as the film and TV streaming firm continues to roll out price rises. The company reported strong sales and profits for the first quarter, including 9.6 million new subscribers However, Netflix expects that number to slow between April and June. The company is lifting its […]


Warning over holiday deposit rules

Travel companies have been warned against mistreating unfortunate customers by relying on unenforceable deposit and payment demands. A lack of awareness over how much can be retained when a traveller cancels a booking is widespread, according to the Competition and Markets Authority. A company cannot automatically keep a large deposit if the customer cancels owing […]


Notre-Dame fire: Macron says new cathedral will be ‘more beautiful’

French President Emmanuel Macron says Notre-Dame cathedral will be rebuilt “even more beautifully” – and that he wants the work done within five years. A massive fire on Monday ravaged the 850-year-old Gothic building, destroying much of its roof and causing its steeple to collapse. The cathedral was minutes away from total destruction, officials say. […]


China economy: First quarter growth beats expectations at 6.4%

China’s economy grew slightly faster than expected in the three months to March, official figures released Wednesday showed. The economy expanded at 6.4% in the first quarter from a year earlier, ahead of a Reuters forecast of 6.3%. Beijing has taken steps to boost its slowing economy, including tax cuts, while trying not to inflate […]


A rasher of bacon a day ‘ups cancer risk’

Even small amounts of red and processed meat – such as a rasher of bacon a day – can increase the risk of bowel cancer, according to research. The latest study led by Oxford University and funded by Cancer Research UK, adds to evidence, including from the World Health Organization, that eating red meat can […]


Mastercard faces £14bn compensation claim

A surprise court ruling has revived the possibility of a £14bn lawsuit against credit card firm Mastercard. The Court of Appeal in London has ruled the Competition Appeal Tribunal must reconsider the class action against the firm which it threw out two years ago. The claim alleges 46 million people paid higher prices in shops […]


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