Coffee chain Costa boosts Q3 sales at Whitbread
UK hotel and restaurant group Whitbread plc (LSE:WTB) announced today an increase of 3.3% in like-for-like sales for the third quarter of 2012, boosted by strong performance at its coffee…
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Gender pay gap among UK employees narrows to 9.6%
The pay gap between men and women in the UK is narrowing, official figures showed today. Based on earnings in April 2012, the difference between hourly pay rates for men…
Asda grows UK market share to 17.5%
UK supermarket chain Asda reported today that its share of the UK grocery market has increased to 17.5%, up 0.1% year-on-year. The retailer, which is owned by Wal-Mart Stores Inc…
Shares in toy maker Hornby sharply down after profit warning
Toy maker Hornby plc (LSE:HRN) saw its shares fall more than 40% today after announcing that the company will not make a profit this year. Hornby has blamed disappointing sales…
OECD lowers forecast for UK economy in 2012
The Organisation for Economic Co-operation and Development (OECD) has said that it expects the UK economy to contract by 0.7% in 2012. This is a significant decrease from the OECD’s…
Amazon to compete with Groupon by launching daily deal site in London
E-commerce giant Amazon is on a quest to conquer new territories by launching a daily deals site, designed to operate for London initially, it has emerged. The new site will…
E-crime costs UK retailers £200m a year
Internet crime is the biggest emerging threat to the UK's retail sector, the British Retail Consortium (BRC) claimed today. This type of criminal activity is a growing threat to retailers…
Wet weather keeps shoppers away from Britain’s high streets
There was a decrease in the number of shoppers visiting high streets, shopping centres and out of town retail parks across the UK in the three months to July, according…
Sponsor Bain acquires 30% stake in Genpact for $1bn
US private equity firm Bain Capital LLC has agreed to buy some USD1bn (EUR815.7m) worth of common shares in Bermuda-based business process management (BPM) company Genpact Ltd (NYSE:G) from certain…
Online travel agents and hotel group broke competition law, OFT claims
Two online travel firms and a hotel group have been accused of infringing competition law by limiting hotel room discounts. The UK's Office of Fair Trading (OFT) issued a Statement…
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