Morrisons enjoys strong Christmas
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Supermarket chain Morrisons reports strong festive trading, with same-store sales increasing by 9.5%.
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The British economy grew by 3.1 percent in 2004, ending the year on a strong note despite continued declining output from production industries and the worst Christmas for retailers in more than 20 years.
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Retail sales bounced back in November, as Christmas shoppers kept the tills ringing in the crucial festive trading period.
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Shoppers flocked to Britainâs stores for the busiest weekend so far this Christmas, retailers said. Early indications show pre-season sales bucked takings at the tills compared to the same time last year.
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Retailers hailed a âfantasticâ last-minute Christmas shopping rush tonight amid predictions of the dayâs sales topping the Â£1 billion mark.
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UK retail sales were better than expected in November as Christmas shoppers began their seasonal flock to the High Street, figures show.
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Tesco says business is "looking good" for the crucial Christmas trading period, and reports continuing sales growth.
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The retailer has a winning formula.
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The UK's leading supermarket chain sees sales, excluding petrol, rise by 7.6% over the Christmas holiday period.
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The holidays may be over, but the shopping hasn't stopped.
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UK music and book retailer HMV reports a healthy rise in Christmas sales and rising profits, but says it remains cautious on future prospects.
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LONDON - William Morrison, Britain&#39;s fourth largest grocery chain, said Monday it had agreed to sell 114 stores to rival Somerfield for 260 million pounds (375 million euros, 479 million dollars).
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Leading shares closed just off session highs, with upbeat earnings from Morrison Supermarkets and Carnival and a scattering of bid talk countering losses across utilities and miners.
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William Morrison, owner of Britain's fourth biggest grocery chain, said it was on target to meet expectations for underlying full-year profit despite weak sales over the Christmas period.
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Britain's biggest retailer Tesco on Tuesday reported surging sales over the Christmas period, driven by its international arm, but experienced flagging growth in its home market.
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Europe's main equity markets fizzed higher on Monday as traders welcomed the arrival of the Christmas holidays.
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Online shops look set to have a good Christmas as UK web-users get the online buying habit.