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26.11.25 - 20:48
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Relief for retailers as business rate changes in budget not as bad as feared (The Guardian)
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Sainsbury's chief executive says 'industry concerns have been heard', although others outside retail industry are left frustrated by changesRetailers have breathed a sigh of relief after changes to their business rates bills in the budget were not as bad as feared, after the industry had warned for months that more punitive measures could lead to shop closures and jobs losses.The chancellor, Rachel Reeves, on Wednesday revealed plans to permanently reduce business rates for retail, hospitality and leisure properties – although the discounts are not as generous as those that have been in place since the pandemic. About 750,000 properties in those sectors will see their bills set below the current standard level, with deeper discounts for smaller operators, according to the government. Continue reading......
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06.11.25 - 12:00
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Sainsbury′s urges Rachel Reeves not to fuel inflation with tax rises on retailers (The Guardian)
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Boss says shoppers delaying spending in run-up to budget, as supermarket pays extra £250m to shareholdersThe boss of Sainsbury's has urged Rachel Reeves not to fuel inflation with tax rises on retailers and their suppliers and says shoppers are delaying spending in the lead-up to her budget later this month.Simon Roberts, the chief executive of the UK's second biggest supermarket, which also owns Argos and Habitat, said his customers were “going to be cautious on discretionary spending, not least because of uncertainty out there and [household] budgets are tight”. Continue reading......
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06.11.25 - 11:12
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J Sainsbury H1 Profit Rises (AFX)
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LONDON (dpa-AFX) - J Sainsbury plc (SBRY.L) reported that its first half profit after tax increased to 165 million pounds from 76 million pounds, last year. Earnings per share was 7.1 pence compar......
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