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Jaguar Land Rover: Record Breaking World Sales

Jaguar Land Rover: Record Breaking World Sales

Midlands-based manufacturer JLR sets sales records in 38 countries worldwide as demand rises sharply in the last year.

Britain’s largest car manufacturer Jaguar Land Rover has reported record breaking global sales for 2013.

The iconic British brands sold 425,006 vehicles in 2013 – up 19% on 2012 – setting new sales records in 38 international markets.

It is thought sales have been doing particularly well in Germany, as well as the rapidly growing developing economies of India and China. read more

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London Voted World’s Best For Foreign Buyers

London Voted World’s Best For Foreign Buyers

Property prices in Britain’s capital may come under renewed upward price pressure, after London was voted the world’s top city for foreign property investment opportunities.

A flood of inward investment for prime real estate in London has previously been cited as causing a ‘house price bubble’ in the South East.

London beat last year’s winner, New York, in the annual study. read more

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House Prices ‘Jumped’ 1.4% In December

House Prices ‘Jumped’ 1.4% In December

House prices in the UK rose by the biggest amount in more than four years in December, according to mortgage lender Nationwide.

It measured a 1.4% increase in the month – its best performance since August 2009 – leaving annual growth in the year to December at 8.4%.

The surge, Nationwide calculated, raised the average house price to £175,826, but London continues to outperform the rest of the country.

Prices in the capital are now 14% above their 2007 peak, with the price of a typical London home at £345,186. read more

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Next Raises Profit Forecast After Strong Xmas

Next Raises Profit Forecast After Strong Xmas

Next expects to make an annual profit of as much as £700m on the back of the festive season.

Britain’s second largest clothing retailer said that sales over the fourth quarter were “significantly ahead of expectations” and it has raised its full-year profit forecast to between £684m and £700m.

The company, which has a policy of not discounting before Christmas, saw retail sales from the November 1 until December 24 up 7.7%. read more

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John Lewis And House Of Fraser, Increased Sales In Festive Period

John Lewis And House Of Fraser, Increased Sales In Festive Period

House of Fraser has reported its best Christmas while John Lewis also credited stronger online business for an increase in festive sales.

The two department store chains’ fortunes were in stark contrast to those of rival Debenhams, which has issued a profits warning and confirmed it had lost its chief financial officer in the wake of poor sales.

House of Fraser, which trades from 61 stores in Britain and Ireland, said like-for-like sales excluding VAT for the three weeks to December 28 rose 7.3%, with online sales up 57.7%.

Like-for-like sales excluding VAT for the first nine weeks of its fourth quarter were up 4.3%, the firm said, adding it expected to finish the year with lower net debt, which stood at £157.2m for the year to January 26 2013. read more

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Debenhams CFO Quits After Profits Warning

Debenhams CFO Quits After Profits Warning

The chief financial officer at Debenhams has quit the retailer, just 48 hours after it issued a post-Christmas profits warning.

Simon Herrick had already been under pressure, according to media reports, after he asked suppliers for a discount on goods just eight days before Christmas in what was seen as a ‘Santa tax’.

The department store chain denied at the time of his letter to suppliers that it was an attempt to boost fragile festive trading.

In the letter he wrote: “As we will mutually benefit from the growth of Debenhams we are now seeking a contribution from our suppliers to support our commitment to on-going investment.” read more

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Online Music Streaming Doubles In UK In 2013

Online Music Streaming Doubles In UK In 2013

Online music streaming in the UK has doubled in the last year, according to new figures.

But that has come at the expense of album sales, which have seen an overall dip during 2013 due to the decline in CD sales as people turn to digital listening.

Research by music trade body the British Phonographic Industry (BPI) and the Official Charts Company shows 7.4 billion tracks were played on paid-for or ad-funded streaming services in the last year – twice the 3.7 billion figure of 2012.

Around £103m was brought in over the past 12 months by subscription services – up £26m on the previous year. read more

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UPS And FedEx Buckle Under Holiday Load

UPS And FedEx Buckle Under Holiday Load

It seems that both FedEx and UPS greatly underestimated the number of packages that would be passing through their systems this holiday season.

More consumers are doing their gift shopping from the comfort and safety of their computers, bombarding our already stretched parcel services – it’s not surprising that something had to give.

According to a spokesperson, FedEx handled roughly 275 million packages between Thanksgiving and December 22nd, while the US Postal Service said it saw a 19 percent increase in volume over last year (UPS declined to say exactly how much its expectations were exceeded).

While these companies insist that the vast majority of packages were delivered by their promised December 24th deadline, a small portion did not make it in time to be placed under the tree on Christmas morning. read more

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Cheques – Smartphone Scans Could Ensure Future

Cheques – Smartphone Scans Could Ensure Future

The Government wants to speed up cheque payments by allowing banks to use images rather than requiring the actual piece of paper.

People will be able to use their smartphones to make a payment by cheque under new Government proposals.

There were plans to kill of cheques from 2018 but, because of a public outcry, the plans were scrapped and the Government now describes cheques as a “crucial” part of the British payments landscape.

However, it believes that by bringing them into the modern age, it could cut the length of time it takes to process a cheque payment from up to six days to two at the most. read more

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