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M&S to close 100 stores by 2022

M&S to close 100 stores by 2022

Image copyright Getty Images Marks and Spencer has announced that it will close 100 stores by 2022, accelerating a reorganisation that it says is “vital” for the firm’s future. Of the 100 stores, 21 have already been shut and M&S has now revealed the location of 14 further sites to close. It is part of […]

Tesco removes ‘best before’ dates on some fruit and veg

Tesco removes ‘best before’ dates on some fruit and veg

Image copyright Tesco Tesco is removing “best before” labels from many of its fresh produce lines, which it says will help reduce waste. The supermarket will remove the advice from about 70 pre-packaged produce lines to avoid “perfectly edible food” being thrown away. The items that will lose the label include apples, potatoes, tomatoes, lemons, […]

New York Stock Exchange appoints first female leader

New York Stock Exchange appoints first female leader

Image copyright Getty Images The New York Stock Exchange has appointed its first female leader more than two centuries after it was established. Stacey Cunningham will be elevated to the leadership role from her current position of chief operating officer. Her appointment means that both NYSE and the technology-focused Nasdaq exchange will now be run […]

Fuel hikes threaten consumer spending

Fuel hikes threaten consumer spending

Image copyright Getty Images The price of fuel has hit a three-and-a-half-year high as the price of oil continues to climb, putting more pressure on consumers. The average price of petrol has risen to 127.22p a litre and diesel to 129.96p a litre, following a rapid rise in the oil price. Recent figures suggest a […]

Fuel price rise threatens consumer spending

Fuel price rise threatens consumer spending

Image copyright Getty Images The cost of fuel has reached a three-and-a-half-year high putting more pressure on consumers already squeezed incomes. At the pumps, the average price of petrol has risen to 127.22p a litre and diesel to 129.96p a litre, following a rapid rise in the oil price. Recent data suggests the year-long squeeze […]

Could smartphones replace bank branches?

Could smartphones replace bank branches?

Image copyright Getty Images Banks now send more than 16 text alerts every second in an indication of how much we now rely on smartphones rather than computers to manage our money. Some 512 million alerts were sent last year telling people their salary had been paid in or that they were heading into an […]

FTSE 100 surges to a fresh record high

FTSE 100 surges to a fresh record high

Image copyright Getty Images London’s main index, the FTSE 100, has surged to a fresh record high for the second time in less than a week. The FTSE 100 index closed over 1% higher at 7,859.17, comfortably above its previous high of 7,787 on 17 May. An easing of trade tensions between the US and […]

Comcast boosted in battle for Sky

Comcast boosted in battle for Sky

Image copyright Reuters Image caption Sky is at the centre of a bidding war US cable TV giant Comcast appears to have gained the upper hand in its battle to take control of Sky. The firm’s £22bn bid for Sky is unlikely to be referred to the competition authorities, the culture secretary Matt Hancock has […]

Ryanair reports soaring profits but warns of headwinds

Ryanair reports soaring profits but warns of headwinds

Image copyright Reuters Ryanair has reported record annual results, despite it having to cancel thousands of flights in September due to problems with pilots’ rotas. The Irish airline said profits after tax rose 10% to €1.45bn (£1.27bn), despite the wave of bad publicity. However, it warned higher costs would make the year ahead more difficult. […]

Rail timetables overhaul aims to boost frequency and reliability

Rail timetables overhaul aims to boost frequency and reliability

Image copyright Alamy Image caption Passengers have been urged to plan ahead and check revised timetables A rail timetable overhaul billed as the biggest in the UK has begun – but it may leave some users behind. Govia Thameslink Railway (GTR) is rescheduling every train in its franchise, which includes Southern, Thameslink and Great Northern […]

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