Primark joins up with Asos after long ignoring online retailing boom

ABF’s budget fashion chain says it will sell selection of its clothes in ‘limited trial’ with Asos in U-turn of previous policy Just two months after ruling out a move online, the budget fashion chain Primark has announced a partnership to sell a selection of its clothes through Asos. Primark said it had begun a […]
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Britain’s biggest firms see real-terms fall in sales

Financial services, oil and gas, and mining hit the hardest, though squeeze on profits widely spreadSales at Britain’s top 350 companies fell in real terms last year for the first time in at least five years, research suggests.The rise in sales of 2.1% to just over £2tn failed to keep pace with consumer price index […]
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UK retailers facing uphill struggle, says CBI

CBI healthcheck shows the steepest fall in sales since January 2012, while online sales fell for the first time since August 2011Britain’s retailers are facing their toughest trading conditions in almost 18 months as cash-poor consumers cut back on their spending, the CBI said.The monthly healthcheck of the high street from the employers’ organisation recorded […]
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NHS criticised for allowing sales people access to postnatal wards

Company specialising in promotions for childcare products allowed on to wards – and gives out child benefit formsNHS officials have been criticised for allowing salespeople access to mothers shortly after they have given birth.New parents have been approached on postnatal wards by employees of a promotional company who often fail to identify themselves as such, […]
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Google’s Eric Schmidt: change British law and we’d pay more tax

Executive chairman defends company’s ‘fiduciary responsibility’ in face of criticism and says ‘what we are doing is legal’Eric Schmidt, Google’s executive chairman, has continued to defend the company’s tax affairs, insisting it would comply with British law if it was changed and claiming to be perplexed by the debate.In a phrase less snappy than the […]
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Booker sees boost from horsemeat scandal

Cash and carry group sees profits rise as caterers turn away from processed meatsCash and carry group Booker has benefited from the horsemeat scandal as more caterers have turned away from processed meats and started making meals from scratch, according to the company. Chief executive Charles Wilson said: “We are the biggest meat supplier to […]
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Mothercare chief executive insists recovery on track despite fall in sales

Mother and baby retailer saw UK sales drop 11% to £500m last year but chief executive Simon Calver says break-even is in sightMothercare is crawling towards a recovery as chief executive Simon Calver insisted the UK company was on target to break even within two years.The mother and baby goods retailer saw UK sales drop […]
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House of Fraser online sales jump by 53%

Retailer continues to struggle to make a profit despite online performance pushing total sales to £1.2bn last year, a 3.3% riseA dramatic increase in online sales has helped House of Fraser achieve a 3.3% rise in overall turnover to £1.2bn. However, the store chain continues to struggle to make a profit.A wider range of products […]
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Cameron refuses to say if he will quiz Google boss Eric Schmidt over tax

Spokesman refuses to be drawn on whether Cameron will question Schmidt, who is attending a meeting of PM’s business advisory committeeDavid Cameron has refused to say whether he will question Google’s chairman over allegations that the internet giant is exploiting tax loopholes at a meeting on Monday that will discuss tightening up international tax rules.The […]
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Marks & Spencer under fire over online tax arrangements

Exclusive: Retailer accused of scheme in which goods shipped to Europe from UK are invoiced to Irish subsidiary at lower rateMarks & Spencer has become the latest in a string of UK companies to face criticism from tax campaigners over the way it structures its online sales to Europe – with one describing its sales […]
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