Author: Nathan Bissitt

Troubled high street retailer New Look has slumped to a £234m annual loss but said its turnaround was on track as it seeks to switch focus from edgy fashion to offer basic cheaper clothes. New Look’s results also showed an 11.7% fall in UK sales, underlining the

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Some 774,000 Mercedes-Benz vehicles across Europe had used software to beat diesel emission tests, said Germany’s transport ministry. Daimler, the owner of the Mercedes-Benz brand, was told to recall 238,000 vehicles in Germany. “The government will order

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Stobart Group‎’s chief executive has become embroiled in a row over his efforts to identify colleagues seeking the removal of the company’s chairman, deepening the crisis that has engulfed the infrastructure conglomerate. Sky News has learnt that senior

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Jaguar Land Rover is to move all production of its Discovery from the UK to Slovakia in a move that could lead to job losses. Britain’s biggest carmaker, which is owned by India’s Tata Motors, said production will be transferred early next year. In 2016,

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Most people associate Mars with confectionery and, in particular, its eponymous chocolate bars. Fewer people know it is also the world’s biggest pet food manufacturer and owner of brands including Whiskas, Pedigree, Sheba, Iams and Cesar. It is also, after a

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Hopes for a bounce-back for the UK economy after its sluggish start to the year have been cast into doubt after official figures showed a sharp downturn in the manufacturing sector. The 1.4% decline in April reported by the Office for National Statistics (ONS) was the

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Older generations are only cautiously spending their wealth and on average will go through less than a third of it between the ages of 70 and 90, according to a study by a leading economic think-tank. The report by the Institute for Fiscal Studies (IFS) suggests that

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More than 5,000 high street jobs will be thrown into fresh doubt on Monday when Poundworld crashes into administration following the failure of last-ditch rescue talks. Sky News has learnt that the bargain retailer is set to become the biggest chain by number of

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New rules that will make it easier for the government to block takeovers or mergers on national security grounds have come into force. The changes, coming into effect on Monday, relate to businesses developing technology or hardware that is or may be used by the

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The pressure on Stobart Group’s chairman intensified this weekend as more than 20 of the company’s top executives backed a letter calling for him to resign amid a bitter boardroom row. Sky News has learnt that senior managers across the infrastructure

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