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Reuters - vor 2 Tagen

Primark's UK workers to get 12% pay rise

UPDATE 1-Primark's UK workers to get 12% pay rise Adds detail LONDON, March 30 (Reuters) - Primark's 26,000 retail assistants in Britain are to get an inflation-beating average pay rise of 12% from April 1, the fashion retailer said on Thursday. Primark, part of the Associated British Foods ABF.L conglomerate, said retail workers will be paid a minimum of 11 pounds ($13.59) an hour, or 11.51 pounds an hour in London.
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Reuters - vor 4 Tagen

Ocado says Kroger committed to build more warehouses despite roll-out slowdown

Ocado says Kroger committed to build more warehouses despite roll-out slowdown LONDON, March 28 (Reuters) - U.S. supermarket group Kroger Co KR.N is committed to building more automated warehouses in partnership with British online grocer and technology group Ocado OCDO.L , despite slowing a roll-out of sites, Ocado CEO Tim Steiner said on Tuesday.
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Reuters - vor 4 Tagen

FTSE 100 extends gains as BOE Governor remarks allay banking fears

CORRECTED-UPDATE 1-FTSE 100 extends gains as BOE Governor remarks allay banking fears Corrects paragraph 2 to say deal for 50% of NewMed and deal value is about $2 bln, not $4 bln Synthomer touches five-month low on subdued annual profits BP climbs after joint buyout deal to buy 50% of NewMed Energy UK grocery inflation hits new high of 17.5% FTSE 100 up 0.4%, FTSE 250 sheds 0.4% By Johann M Cherian March 28 (Reuters) - UK's FTSE 100 extended gains on Tuesday, following reassuring comments by Ba
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Reuters - vor 4 Tagen

UK's Ocado Retail keeps profit guidance after quarterly sales rise

UPDATE 2-UK's Ocado Retail keeps profit guidance after quarterly sales rise Q1 revenue up 3.4% year-on-year Customer numbers up 13.8%, basket value flat Expects 'marginally positive' full-year core earnings Adds detail By James Davey LONDON, March 28 (Reuters) - British online supermarket Ocado Retail kept its financial guidance for the full year as it reported a 3.4% rise in first- quarter revenue, driven by more customers using its services.
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Reuters - vor 1 Woche

European stocks crawl higher in run-up to Fed decision

UPDATE 2-European stocks crawl higher in run-up to Fed decision For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Fed decision due at 1800 GMT Rate hike fears knock real estate sector 3.8% down UK inflation surprise pressures BoE to raise rates again STOXX 600 adds 0.2%, FTSE 100 gains 0.4% Updates prices, details; adds comment By Sruthi Shankar and Bansari Mayur Kamdar March 22 (Reuters) - European stocks edged higher on Wednesday, extend
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Reuters - vor 1 Woche

FTSE 100 gains ahead of Bank of England meeting; Fed in focus

UPDATE 2-FTSE 100 gains ahead of Bank of England meeting; Fed in focus For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window UK inflation still in double-digit territory Fed decision due shortly, BoE on Thursday FTSE 100 up 0.4%, FTSE 250 off 0.1% Updates prices to market close; adds comment, details By Shashwat Chauhan and Shristi Achar A March 22 (Reuters) - London's FTSE 100 rose on Wednesday after a wobbly start following data showing a su
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Reuters - vor 4 Wochen

Costa Coffee raises UK staff pay for third time in a year

Costa Coffee raises UK staff pay for third time in a year LONDON, March 6 (Reuters) - Costa Coffee has followed rival Pret A Manger in raising pay for its British store staff for the third time in a year. The coffee and sandwich chain, a unit of Coca-Cola Co KO.N , said on Monday that more than 16,000 workers across its 1,520 company-owned stores, will get a rise of between 6.1% and 7.3% from April 1. It said base pay rates for baristas will increase from 10 pounds ($12.02) an hour to at least 1
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Reuters - vor 4 Wochen

Britain's Pret raises staff pay for third time in a year

Britain's Pret raises staff pay for third time in a year LONDON, March 2 (Reuters) - British coffee and sandwich chain Pret A  Manger will raise staff pay for a third time in a year, an increase that will likely pique the interest of the Bank of England as it weighs up inflationary pressure in the economy. Pret, owned by investment firm JAB and founder Sinclair Beecham, said on Thursday its 7,870 UK shop staff will receive an additional 3% pay increase from April 1, on top of the 5% rise that
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Reuters - vor 4 Wochen

UK Stocks-Factors to watch on March 1

UPDATE 1-UK Stocks-Factors to watch on March 1 Adds news items, updates futures March 1 - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday, with futures FFIc1 up 0. 3 %. * ASTON MARTIN: Aston Martin AML.L said it expected to improve its profitability this year and turn positive free cash flow in the second half, after 2022 losses came in better than market expectations.
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Reuters - vor 4 Wochen

Czech online grocers look east and west beyond their home market

REFILE-FOCUS-Czech online grocers look east and west beyond their home market Refiles to make clear when the company became a unicorn in paragraph 6 Rohlik switches focus to Germany Czech grocers apply home model abroad Focus on city by city By Michael Kahn and Jason Hovet PRAGUE, March 1 (Reuters) - Two Czech online grocers - one a start-up "unicorn", the other backed by a billionaire businessman - are taking on Europe's biggest supermarkets to feed growing appetite for home grocery delivery.
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Reuters - vor 4 Wochen

UK Stocks-Factors to watch on March 1

UK Stocks-Factors to watch on March 1 March 1 - Britain's FTSE 100 .FTSE index is seen opening higher on Wednesday with futures FFIc1 up 0.18%. * HSBC: HSBC Holdings 0005.HK , HSBA.L said it raised $2 billion from a convertible security issue. * GLENCORE: A U.S. judge ordered Glencore Plc GLEN.L to pay $700 million in connection with its guilty plea over a decade-long scheme to bribe foreign officials across several countries.
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Reuters - vor 4 Wochen

British Business - March 1

PRESS DIGEST-British Business - March 1 March 1 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - British Prime Minister Rishi Sunak appealed to Tory MPs to back him and finally "get Brexit done". - In a submission to the UK's Department of Health and Social Care, the Association of the British Pharmaceutical Industry has called for the rebate rate on sales of NHS-br
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Reuters - vor 1 Monat

Britain's M&S lifts store worker pay by 7% citing rising living costs

UPDATE 1-Britain's M&S lifts store worker pay by 7% citing rising living costs Adds detail LONDON, Feb 28 (Reuters) - British retailer Marks & Spencer will raise hourly pay for over 40,000 store workers by 7% from April a third rise in just over two years that may catch the attention of the Bank of England, which is worried about inflationary pressure in the economy.
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Reuters - vor 1 Monat

Britain's M&S to raise store worker pay to 10.90 stg an hour

Britain's M&S to raise store worker pay to 10.90 stg an hour LONDON, Feb 28 (Reuters) - British clothing and food retailer Marks & Spencer MKS.L will from April 1 raise the hourly pay of 40,000 store workers to 10.90 pounds ($13.19) from 10.20 pounds currently, it said on Tuesday. It said the increase will cost it 60 million pounds. ($1 = 0.8262 po
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Reuters - vor 1 Monat

FTSE 100 falls on earnings drag; still logs best Feb in four years

UPDATE 2-FTSE 100 falls on earnings drag; still logs best Feb in four years For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window FTSE 100 records best Feb performance since 2019 Ocado down on wider-than-feared loss British bond yields rise, weigh on stocks UK grocery price inflation hits record 17.1% FTSE 100 down 0.7%, FTSE 250 up 0.1% Updates prices to close; adds comments, details By Ankika Biswas and Shashwat Chauhan Feb 28 (Reuters) - Th
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Reuters - vor 1 Monat

Online's share of UK grocery market will rise, says Ocado boss

Online's share of UK grocery market will rise, says Ocado boss LONDON, Feb 28 (Reuters) - The boss of British online supermarket Ocado Group OCDO.L said on Tuesday he is convinced online penetration of the country's grocery market will increase from the current 11%. Online grocery's share of the total grocery market in Britain was about 7% before COVID-19. It peaked at about 15% during the pandemic and has since come off to about 11%.
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Reuters - vor 1 Monat

UK's Ocado has plenty of salad items, says CEO

UK's Ocado has plenty of salad items, says CEO LONDON, Feb 28 (Reuters) - British online supermarket Ocado Group OCDO.L currently has a good supply of salad items, chief executive Tim Steiner told reporters on Tuesday. On Monday, Lidl GB followed market leader Tesco TSCO.L , Asda, Morrisons and Aldi in imposing customer purchase limits on tomatoes, cucumbers and peppers after supplies across the supermarket sector were hit by disrupted harvests in southern Europe and North Africa due to unseason
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Reuters - vor 1 Monat

UK Stocks-Factors to watch on Feb 28

UPDATE 1-UK Stocks-Factors to watch on Feb 28 Adds news items, updates futures Feb 28 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Tuesday, with futures FFIc1 down 0.09%. * OCADO: Ocado Group OCDO.L reported a worse-than-expected full-year loss, partly reflecting profits being wiped out at its retail joint venture with Marks & Spencer MKS.L .
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Reuters - vor 1 Monat

Ocado's losses swell to $604 million

UPDATE 3-Ocado's losses swell to $604 million Loss worse than analysts' expectations Profit wiped out at retail JV with M&S CEO says never more confident in model Strong pipeline of new partners Shares down 9% Adds detail, CEO comments, reaction By James Davey LONDON, Feb 28 (Reuters) - Ocado Group OCDO.L , the British online supermarket and technology group, plunged to a worse than expected full year loss as it took a big accounting charge and profits at its joint venture with Marks & Spencer M
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Reuters - vor 1 Monat

British Business - Feb 28

PRESS DIGEST-British Business - Feb 28 Feb 28 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - UK Prime Minister Rishi Sunak declared that Britain had "taken back control" after Brussels agreed to give the UK an effective veto over new European Union laws that affect Northern Ireland.
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