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Early rise despite Sainsbury news
London shares have risen despite being pulled in opposite directions by supermarket group Sainsbury and energy group Centrica.
The FTSE 100 Index gained 9.8 points to...
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Greene king toasts record profits
Brewing and pubs group Greene King has announced record profits on the back of good performances from all its divisions.
The Bury St Edmunds-based company said...
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M&S seeks £100m a year savings
Marks & Spencer is renegotiating deals with suppliers in a bid to save at least £100 million a year.
The retailer has held meetings with key...
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Sainsbury's chairman quits
Sainsbury's chairman Sir Peter Davis is to step down, the supermarket giant has confirmed.
The company said former group finance director of Lloyds TSB, telecoms group...
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Transport group loses out
Leading transport company FirstGroup has missed out in its battle to take over a new rail franchise.
The Strategic Rail Authority (SRA) announced that a joint...
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AA sold for £1.75bn
Energy group Centrica has agreed the sale of the AA motoring organisation to a private equity consortium for £1.75 billion.
The British Gas owner will offload...
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City experts welcome US rate rise
Economists in London have welcomed the US central bank's decision to raise American interest rates by a quarter percentage point.
Analysts said the Federal Reserve's widely...
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Fed raises US interest rates
The Federal Reserve boosted a key short-term interest rate by 0.25%, its first increase in four years, in an attempt to keep the US economy...
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Morrisons mulls store sell-off
Supermarket group Morrisons is considering the sale of its smaller Safeway stores following strong interest from potential buyers.
The Bradford-based chain, which acquired the Safeway business...
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Wimpey shrugs off market fears
Housebuilder George Wimpey said it expected annual results to hit the top end of forecasts despite a slowing in the housing market.
The London-based company said...
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