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18.09.25 - 10:48
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Next shares slide as retailer warns on weak UK growth and jobs (The Guardian)
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Chain reports 18% rise in profits but says outlook clouded by declining vacancies and rising tax burdenBosses at clothing and homeware chain Next are forecasting years of “anaemic growth” across the UK, as the retailer claimed regulation, government spending, and higher taxes would hurt jobs and productivity.The FTSE 100 company, which is headed by the Conservative peer Simon Wolfson, said that while it did not believe the economy was heading towards a “cliff edge” the weakening outlook gave the company “another reason to be cautious”. Continue reading......
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17.09.25 - 04:54
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Lotte Retail Group CEO on Business Strategy (Bloomberg)
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Samuel Sanghyun Kim, Vice Chairman and Group CEO at Lotte Retail, discusses the company's business strategy and expansion plans in Southeast Asia. He speaks with Shery Ahn and Annabelle Droulers on "Bloomberg: The Asia Trade". (Source: Bloomberg)...
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16.09.25 - 15:54
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US Retail Sales Rise for Third Month in a Row (Bloomberg)
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US retail sales rose again in August and beat Wall Street estimates. It's the third month of gains in a row. The value of purchases increased by 0.6% as Americans went back-to-school shopping. US import prices also rose for the month. Bloomberg's Michael McKee reports. (Source: Bloomberg)...
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