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...its 10-K financial report....
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...Being conservative bakes in room for a little slippage or, better yet, generates a positive surprise when numbers come in above it. Take Next, a retailer with a naturally cautious bent....
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...William A. Allen worked for the Bank of England from 1972 to 2004, and is now a visitor at the National Institute for Economic and Social Research....
...This knocked out many potential targets including online fashion group Asos, card retailer Moonpig and furniture group DFS. Performance is the next piece of the jigsaw....
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