Billions of pounds of tax and VAT payments are set to be covered by credit and financing arrangements this year, according to Premium Credit.

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It comes after the Swedish firm reported weaker-than-expected sales for the first quarter of its financial year in its previous update in March.

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The high street fashion chain is proposing to close 33 of its 230 stores, while it is in talks with landlords over the future of 71 further stores.

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The Bradford-based grocery business revealed on Thursday that group sales grew by 4.2% to £3.9 billion for the 13 weeks to April 27.

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New convenience stores will also open across the country

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The 30,000 square foot store in Bristol is set to create around 150 jobs.

The equipment hire firm said it shut eight of its depots, leading to a reduction in staff numbers.

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The FTSE 100 company said this was partly offset by higher rental revenues.

It comes a decade after Sabadell bought TSB for £1.7 billion to gain a foothold in the UK.

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Firms said they were also looking to a series of other measures in order to offset the jump in their operating costs

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AO is on track to deliver another improved performance when the online retail group reports its annual results on Wednesday June 18.

The US-based airplane manufacturer, which has been blighted by safety issues in recent years, saw shares drop as much as 8%.

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Laura Ashley owner Gordon Brothers has struck a deal to buy the retailer from European group Pepco.

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Parent firm Pepco Group says it has completed the sale of the high street discount chain

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Laura Ashley owner Gordon Brothers has struck a deal to buy Poundland from European retail group Pepco.

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The UK’s largest supermarket chain said it has increased its market share further after investing more in pricing to bring in more customers.

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FirstGroup, which runs Avanti West Coast and Great Western Railway, recorded a pre-tax profit of £169.6 million for the year to March.

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The deal will secure the future of around 120 workers at Plymouth-based CMO, who will join the wider Lords group.

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The move is part of efforts by Pret to expand beyond London

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Pret, which has grown to an estate of 500 sites across the UK, is trialling the new format in Broughty Ferry near Dundee and Maidenhead, Berkshire.

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Mr Read took over the top role at the advertising company in 2018 amid a period of upheaval following the resignation of Sir Martin Sorrell.

Mike Ashley’s retail giant ‘is one of a number of parties conducting due diligence’ on the business.