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PRESS DIGEST- British Business - Sept 14

Fri, 14th Sep 2018 01:04

Sept 14 (Reuters) - The following are the top stories on thebusiness pages of British newspapers. Reuters has not verifiedthese stories and does not vouch for their accuracy.

The Times

- House prices would fall by 35 percent over three yearsfollowing a chaotic no-deal Brexit, according to a briefing byBank of England governor Mark Carney to the cabinet. (http://bit.ly/2xa14st)

- The impact of the pain at Jaguar Land Rover is spreadingthrough the UK automotive supply chain as Ricardo Plc,the engineering consultancy, admitted that its profits had beenhit by the decline at Britain's largest carmaker. (http://bit.ly/2xdSlVA)

The Guardian

- International Energy Agency warns there is a risk of oilprices spiralling higher in the coming months, posing extracosts for drivers and a dilemma for the chancellor, PhilipHammond, as he looks to raise fuel duty. (http://bit.ly/2xdcRW7)

- House of Fraser customers who were promised refunds forundelivered goods in the wake of the department store's collapseare to lose their money after its new owner, Sports Direct, reneged on the offer. (http://bit.ly/2xd9Fd3)

The Telegraph

- The John Lewis Partnership is facing pressure to overhaulits 'never knowingly undersold' price pledge after discountingfrom rivals helped wipe out profits. (http://bit.ly/2xceCTz)

Sky News

- At least three of the 'big four' accounting firms haverefused to tender for the audit of Sports Direct International, because of potential conflicts of interest andreputational issues relating to the company's corporategovernance. (http://bit.ly/2xhp7VC)

- Weather forecaster MeteoGroup, which employs more than 100meteorologists, is closing in on a sale to a rival that willcrystallise an overall loss for General Atlantic, its ownersince 2013. (http://bit.ly/2xccsU1)

The Independent

- British MP's have accused Royal Bank of Scotland Group PlcChief Executive Ross McEwan of withholding informationfrom the Commons Treasury Committee about a police investigationinto a former employee of the bank's infamous GlobalRestructuring Group. (https://ind.pn/2xdKwPw)

(Compiled by Bengaluru newsroom)

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John Lewis of Hungerford changes its name to Grove

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12 Aug 2014 08:27

John Lewis Of Hungerford To Change Name, Reorganise Business

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11 Jun 2014 12:35

UK MIDDAY BRIEFING: J Sainsbury Sales Down Again, But Stock Gains

LONDON (Alliance News) - J Sainsbury Wednesday reported another drop in like-for-like sales, its second consecutive quarterly decline after nine years of unbroken sales growth.

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11 Jun 2014 10:44

UK WINNERS & LOSERS: Supermarkets Up, Airlines Down

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.
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FTSE 100 - WINNERS
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J Sainsbury, up 2.5%, Tesco, up 0.6%, and WM Morri

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11 Jun 2014 09:19

John Lewis Of Hungerford Says Investments Will Dent Operating Profit

LONDON (Alliance News) - John Lewis of Hungerford PLC Wednesday said it continues to trade ahead of the volumes experienced last year, with dispatched sales and the forward order book up 8.9% on a year earlier. But the kitchen and furniture designer and manufacturer warned operating profit

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11 Jun 2014 07:31

UK MORNING BRIEFING: Sainsbury's Leads FTSE 100 Gainers

LONDON (Alliance News) - Sainsbury's leads FTSE 100 gainers at the open Wednesday despite reporting its second consecutive decline in quarterly sales.

However, the overall market has opened lower, depressed by a group of ex-dividend stocks such as VodafoneRead more

12 May 2014 15:03

DIRECTOR DEALINGS: John Lewis Of Hungerford Executive Sells Shares

LONDON (Alliance News) - John Lewis of Hungerford PLC Monday said Finance Director Karen Stanley sold 500,000 shares at 2.3 pence per share, and now no longer holds any shares in the company. Shares in the UK kitchens manufacturer were up 2.5% at 2.46 pence Monday afternoon. By Rowena

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1 May 2014 15:49

Sinclair IS Pharma CEO grows stake to 8.75m shares

The Chief Executive Officer (CEO) of AIM-listed Sinclair IS Pharma this week added 285,844 to his stake, while fellow board member Stuart Swanson made the modest purchase of 12,774 shares. CEO Chris Spooner paid 30.88p, spending a total of £106,047. His shareholding in the pharmaceutical group now

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1 May 2014 11:45

DIRECTOR DEALINGS: John Lewis of Hungerford's John Lewis Sells Shares

LONDON (Alliance News) - John Lewis of Hungerford PLC Thursday said Non-Executive Director John Lewis sold 5 million shares at a price of 2.00 pence per share Wednesday. Following this transaction, Lewis holds a beneficial interest in 72.5 million shares, representing 38.8% of the issued sh

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17 Apr 2014 09:02

John Lewis of Hungerford First-Half Profit Up As Revenue Rises

LONDON (Alliance News) - John Lewis of Hungerford PLC Thursday reported a higher pretax profit and revenues for the first-half of the year, boosted by growth in both its products and installations. The kitchen and furniture designer and manufacturer said that in the six months to February 2

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17 Apr 2014 07:24

UK MORNING BRIEFING: Diageo Sales Dip On Emerging Market Hit

LONDON (Alliance News) - Spirits and alcoholic beverage giant Diageo Thursday reported another dip in sales in the third quarter due to further volume declines and weaker Emerging Markets. The world's largest spirits producer, and a major producer of beer and wine, said that organic net sal

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14 Feb 2014 08:39

John Lewis of Hungerford To Open Chiswick Showroom

LONDON (Alliance News) - John Lewis of Hungerford PLC Friday said it has exchanged contracts with an unnamed firm to lease a new showroom in Chiswick, west London. The showroom is expected to open in May and will become the 15th in the portfolio, including the bedroom-only showroom opened i

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27 Jan 2014 15:14

John Lewis Of Hungerford Says Christmas Trading In Line With Expectations

LONDON (Alliance News) - John Lewis of Hungerford PLC Monday said trading over the Christmas period was in line with expectations, and its sales and forward order book now stands 16% higher than last year at GBP3.6 million. The kitchen and furniture designer and manufacturer said it is stil

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6 Jan 2014 16:08

New Cable & Wireless CEO spends almost triple his salary on shares

The new Chief Executive Officer of Cable & Wireless Communications has acquired 4.3m shares in the company after starting his new role at the beginning of the month. Bentley, who was the Managing Director of British Gas from 2007 to 2013, spent a total of just under £2.45m, equivalent to approxima

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