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British Business - Sept 27

Sept 27 (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 - Unilever plc ULVR.L is to start the search for a new chief executive officer after Alan Jope said that he intended to retire at the end of next year after five years in charge.
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UK Stocks-Factors to watch on Sept 26

Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher with futures FFIc1 up 0.51% on Monday. * UNILEVER: Unilever ULVR.L CEO Alan Jope plans to retire at the end of 2023, the maker of Dove soap and Knorr stock cubes said on Monday, roughly two months after activist investor Nelson Peltz joined the board. * GSK: GSK GSK.L named luxury fashion brand Burberry's BRBY.L Julie Brown as its new chief financial officer to succeed Iain Mackay, at a time when the British drugmaker is s
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UK Stocks-Factors to watch on Sept 26

Sept 26 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher with futures FFIc1 up 0.28% on Monday. * GSK: British drugmaker GSK GSK.L has poached Burberry Group's BRBY.L finance chief to create a rare all-female executive leadership team, Sky News reported on Saturday. * BARCLAYS: Barclays BARC.L was sued in a proposed U.S. class action in which shareholders claimed they were defrauded in connection with the British bank's sale of $17.6 billion more debt than regulators had allowed
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Luxury sneakers may be a step too far for cash-strapped Gen Z

By Casey Hall and Mimosa Spencer SHANGHAI/PARIS, Aug 18 (Reuters) - From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stretched Gen Z consumers for such "aspirational" purchases. Executives are troubled in particular by a hit to young Chinese shoppers, not only because mainland China has been a major driver of the industry's growth in recent years, but also because high end consumers in the world's second-large
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China's Sanya holiday hotspot shuts duty-free malls, venues to curb COVID

By Casey Hall SHANGHAI, Aug 5 (Reuters) - Sanya, a top tropical holiday destination on China's southern Hainan island, began closing its duty free malls on Friday in response to a worsening COVID-19 outbreak. Since China shut its international borders in early 2020 to curb the spread of COVID-19, Hainan's duty-free industry has boomed, becoming a vital channel for global brands from Gucci to Coach, La Mer to L'Oreal OPREP.PA to reach Chinese shoppers.
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American tourists splurge in Paris boutiques as euro slides

By Mimosa Spencer and Doyinsola Oladipo PARIS, July 15 (Reuters) - American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar. The euro tumbled below $1 on Wednesday for the first time in two decades on fears that rising energy prices triggered by the Ukraine conflict could tip the European Union into a prolonged economic crisis.
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UK Stocks-Factors to watch on July 15

July 15 (Reuters) - Britain's FTSE 100 index .FTSE opened 0.2% higher on Friday. * ASTON MARTIN: Aston Martin AML.L said on Friday it was looking to raise 653 million pounds ($771.58 million) through a right issue to shareholders, while bringing in Saudi Arabia's sovereign wealth fund as its second-largest shareholder. * BURBERRY: British luxury brand Burberry BRBY.L said its first-quarter comparable store sales rose by 1%, limited by COVID-19 lockdowns in China, its biggest market.
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UK Stocks-Factors to watch on May 18

May 18 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening flat on Wednesday, with futures FFIc1 up 0.08%. * BRITISH LAND: British Land Company Plc BLND.L reported an annual profit after three consecutive years of losses, as the commercial landlord witnessed a recovery in occupancy at its office and retail spaces with easing of COVID-19 restrictions.
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UK Stocks-Factors to watch on May 18

May 18 (Reuters) - Britain's FTSE 100 index .FTSE is seen opening flat on Wednesday, with futures FFIc1 up 0.08%. * BARCLAYS: Britain's Barclays Plc BARC.L said on Wednesday it had nearly doubled its stake in Barrenjoey Capital Partners to help expand the Australia-based investment banking boutique's business. * BRITISHVOLT: Britishvolt said on Wednesday Monaco-based Scorpio Group had made a strategic investment in the electric vehicle (EV) battery startup and the two companies will research bat
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Take Five: All about inflation

(Updates story first published on Friday with weekend Italy developments in theme three, no other changes to text) Jan 24 (Reuters) - Inflation is front and centre: Markets will look to the U.S. Federal Reserve for hints on when and how much it may tighten policy to combat inflation at 40-year highs, whether CPI data forces Australia to admit the need for earlier rate rises, and what PMIs say about spiralling service sector costs.
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Take Five: All about inflation

Jan 21 (Reuters) - Inflation is front and centre: Markets will look to the U.S. Federal Reserve for hints on when and how much it may tighten policy to combat inflation at 40-year highs, whether CPI data forces Australia to admit the need for earlier rate rises, and what PMIs say about spiralling service sector costs. Earnings too showcase companies' wage cost pressures.
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UK Stocks-Factors to watch on Jan 19

Jan 19 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower with futures FFIc1 down 0.61% on Wednesday. * JD WETHERSPOON: British pub group JDW.L warned it would record a loss for the first half of the fiscal year after the Omicron coronavirus variant led to renewed curbs and kept people from heading out during the holidays. * CENTAMIN: Centamin CEY.L reported a 58% jump in gold production for the fourth quarter as the Egypt-focused miner benefited from higher-grade ores.
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British Business - Nov. 12

Nov 12 (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 Britain's largest defence group has trained its sights on a software developer whose products would not look out of place in the Call of Duty computer game. BAE Systems BAES.L has struck a deal to acquire Bohemia Interactive Simulations (BIS), which makes training tools for fighter pilots, for an undisclosed sum.
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UK Stocks-Factors to watch on Nov 11

Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening higher on Thursday, with futures FFIc1 up 0.2%. * ECONOMY: Britain's economy grew by 0.6% in September but estimates for previous months were revised lower, leaving GDP 0.6% smaller than it was in February 2020, shortly before the country went into its first COVID-19 lockdown. * MEDICLINIC: Hospital chain operator Mediclinic MDCM.L said its interim profit more than tripled from a year earlier, inching close to pre-pandemic levels
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UK Stocks-Factors to watch on Nov 11

Nov 11 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening flat on Thursday, with futures FFIc1 up 0.04%. * THG: U.S.-based asset management firm T. Rowe Price has taken up a 5% stake in online retail platform THG Plc THG.L , a regulatory filing showed on Wednesday. * NATIONAL GRID: Britain's National Grid NG.L said on Wednesday it expects to bring a full 2 gigawatts of capacity back to its IFA1 interconnector in Kent in December next year, 10 months ahead of its previous estimate.
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British Business - Oct. 21

Oct 21 (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 Rishi Sunak is understood to be planning an extension of a coronavirus loan guarantee scheme to help protect businesses next year amid signs that Britain's economic recovery has lost momentum.
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UK Stocks-Factors to watch on Oct 20

Oct 20 (Reuters) - Britain's FTSE 100 .FTSE index is seen opening lower on Wednesday, with futures FFIc1 down 0.17%. * INFLATION: British inflation slowed unexpectedly last month but the decline probably marked a temporary respite for consumers and the Bank of England is expected to address the acceleration by raising interests rates, possibly in two weeks.
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Nearly half of FTSE 100 companies have no net-zero target, Arabesque says

By Guy Faulconbridge LONDON, Oct 20 (Reuters) - Nearly half of the 100 biggest companies listed on Britain's FTSE Index have no net-zero target at all and just 23 have a scientifically approved plan, according to ESG investment research and asset manager Arabesque. Britain wants to reduce greenhouse gas emissions from the economy to net-zero by 2050 while Prime Minister Boris Johnson has expressed enthusiasm for leading a green revolution to force Western economies to kick their addiction to fos
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Nearly half of FTSE 100 companies have no net-zero target, Arabesque says

LONDON, Oct 20 (Reuters) - Nearly half of the 100 biggest companies listed on Britain's FTSE Index have no net-zero target at all and just 23 have a scientifically approved plan, according to ESG investment research and asset manager Arabesque. Britain wants to reduce greenhouse gas emissions from the economy to net-zero by 2050 while Prime Minister Boris Johnson has expressed enthusiasm for leading a green revolution to force Western economies to kick their addiction to fossil fuels.
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Reliance buys 52% of top Indian fashion label in luxury bet

(Refiles to fix typographical error in headline) By Abhirup Roy and Aditya Kalra MUMBAI, Oct 19 (Reuters) - The retail unit of Indian conglomerate Reliance Industries RELI.NS has acquired a 52% stake in popular designer labels of Ritu Kumar, the company said on Tuesday, in the latest bet on the country's fast-expanding luxury designer market. Reliance Retail did not disclose financial details of the transaction, but said its majority stake acquisition included buying out the 35% stake held by Ev
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