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McDonald's sales up on premium hamburgers and cheap drinks

McDonald’s, facing pressure from increased competition, says it has found a recipe for success in $1 drinks and a new line of high-end hamburgers.The fast food pioneer had its highest quarterly sales at established stores in five years in the three months to the end of June.The firm credited …

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Inside US/UK trade deal

Relations with the United States were always going to be a high priority for British trade policy post-Brexit. So no surprise that Liam Fox has gone to Washington to discuss prospects.The International Trade Secretary is pushing for a bilateral trade liberalisation agreement with the US to take effect when …

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Virgin Money CEO ups stake after shares slide

The chief executive of Virgin Money has used a post-results slide in its stock market valuation to top up her shareholding in the challenger bank. Sky News has learnt that Jayne-Anne Gadhia acquired approximately £100,000-worth of Virgin Money shares as they fell almost 9% during Tuesday’s trading‎ session. The …

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FTSE 100 up but Domino's Pizza shares hit as sales slow

Shares in Domino’s Pizza were down nearly 7% before closing down 5.5% after it delivered disappointing news on its sales growth.Six months UK like-for-like sales growth was 2.4% from 13% last year.The news overshadowed a 9% increase in profits for the half year to £44.6m, Virgin Money was another …

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Competition watchdog to name Coscelli as CEO

The acting chief of Britain’s competition watchdog will be appointed as its permanent boss this week, ending a year-long vacancy for a role likely to be made more complicated by Brexit. Sky News has learnt that Andrea Coscelli will be named on Wednesday as the Competition and Markets Authority’s …

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