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Dixons Carphone shares fall 27% after profit warning

Shares in Dixons Carphone plunged by 27% after the firm issued a profit warning for 2018/19 and announced 92 store closures as its troubled mobile phone business continues to face “challenges”. The high street giant posted an increase in sales, but said that pre-tax profit in its full year …

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8,000 Starbucks stores are about to close en masse

Starbucks is closing more than 8,000 stores across the US on Tuesday as staff undergo racial awareness training. It comes after the coffee firm apologised to two black men who were arrested while waiting for someone in a Starbucks outlet in Philadelphia. Bosses apologised for the April incident before …

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Govt poised to resume multibillion pound RBS sell-off

The government is poised to sell a multibillion pound stake in Royal Bank of Scotland (RBS), resuming a huge privatisation programme that has been stalled for three years. Sky News has learnt that City bankers and investors have been ‎primed to expect a disposal of part of taxpayers’ 70.5% …

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WHSmith rated worst high street shop – Which?

WHSmith has been voted the worst high street retailer in the UK this year, in a Which? survey of over 10,000 shoppers. Customers complained of out-of-date WHSmith stores, expensive products and poor customer service in the survey of 100 major retailers which was carried out in January. The retailer …

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Smiths Group in £6bn medical tie-up talks

One of Britain’s biggest engineering conglomerates is examining a potential transatlantic merger of its healthcare business‎ amid speculation that it could become the next London-listed target for an activist investor. Sky News has learnt that Smiths Group, which has a market capitalisation of £6.8‎bn, has been holding preliminary talks …

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Tycoon Hands plots £2.5bn takeover of Quintain

Guy Hands, the private equity tycoon, is exploring a £2.5bn bid for Quintain, the London-based property group, in an effort to establish an £8bn UK-wide real estate empire. Sky News has learnt that Mr Hands’ buyout firm, Terra Firma Capital Partners, is examining an offer for Quintain‎ through Annington, …

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