Asda grabs M&amp;S sales crown
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ASDA has overtaken Marks &amp; Spencer as Britain&#39;s largest clothing retailer, underlining the decline of one of the most powerful brands on the High Street.
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The supermarket chain Asda, a unit of Wal-Mart Stores Inc., has overtaken Marks &amp; Spencer as Britain&#39;s biggest clothing retailer, industry figures showed Sunday.
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Mergers &amp; acquisitions activity drove European stock markets to their highest level in more than six years on Tuesday morning.
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M&S's chief executive Stuart Rose received Â£7.8m in salary and bonuses last year, up 68% on a year ago.
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The FTSE 100 has climbed as a surge by US shares gives a boost to European markets. Shire Pharmaceuticals SHP.L jumped after winning approval for a key drug and consumer goods giant Unilever ULVR.
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As reported by DigiTimes, â âthe iPhone has become AT&Tâs top selling device, commanding some 13% of AT&Tâs overall handset sales, and the fourth top selling handset in the US market,â according to Barry Gilbert, VP of the Strategy Analytics BuyerTRAX programs.â Whatâs more, DigiTimes also quotes Gilbert as indicating that â â the sales trajectory we are observing with the iPhone could make it the top selling device in the US over the next 1-2 quarters.â â
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Wal-Mart Stores Inc.&#39;s Asda, the UK&#39;s second biggest supermarket chain, surpassed Marks &amp; Spencer Group Plc as Britain&#39;s largest clothing retailer in the last three months, according to the Sunday Telegraph.
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Tate &amp; Lyle took top spot on the FTSE 100 leaderboard on Monday after one of the sector&#39;s leading analysts upgraded the sugar producer.
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Saga, which sells products to the over 50s, is to buy the motoring giant AA in a deal valuing the combined business at Â£8bn.
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LONDON (CBS.MW) -- Pharmaceutical giant AstraZeneca shares rose as it said earnings and sales both increased for the third quarter.
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Marks &amp; Spencer today set the price for its record share buyback above market expectations, at 362p per share. The retailer said demand for the Â£2.
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SHARES in canned fruit and vegetable producer SPC Ardmona Ltd soared more than 20 per cent today after the group announced it had agreed to a takeover offer from Coca Cola Amatil Ltd.
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Two leading names in the travel industry were today bought for Â£1.1 billion dollars (Â£563 million) - the second major UK deal by US giant Cendant this month.
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ASDA, the UK&#39;s second-biggest supermarket chain, revealed yesterday that profits rose by 10.4 per cent last year, driven by its continued push into non-food products.
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Marks &amp; Spencer, whose sales have dropped for the fourth straight quarter, has priced a 2.3 billion pound share buyback offer in a 332-380 pence per share range.
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WAL-MART Stores, the worldâs largest retailer and owner of Asda supermarkets, has reported a 12.7 per cent rise in its third-quarter earnings.
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Marks &amp; Spencer is no longer the UK&#39;s largest clothing retailer after losing its crown to supermarket chain Asda. Industry figures for the 12 weeks to July 25 are understood to show that Asda now has a leading