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UK campaign group targets fleet owned by billionaire Lu Weiding’s conglomerate Wanxiang Group
...The rate of new home construction also rose more than expected in February, jumping 10.7 per cent above the previous month to an annualised pace of more than 1.52mn....
...Tesco veteran Jason Tarry will replace Dame Sharon White as chair of John Lewis Partnership, taking over the British retail group as it undergoes a painful turnaround to boost profitability....
...In the UK, Boots same-store retail sales increased 5.9 per cent in the quarter, while pharmacy sales ticked up 1.7 per cent....
...The company operates approximately 12 UpWest locations and 530 Express retail and outlet stores, according to its website....
...US retail sales rose less than expected in February but rebounded from the previous month, which was revised lower in official data on Thursday....
...Tarry, a dyed-in-the-wool retailer, is a stark contrast to White, who had no retail experience prior to her arrival at John Lewis Partnership....
...Retail sales increased 0.6 per cent in February from the previous month, missing expectations by economists for a 0.8 per cent gain, according to Census Bureau data released this week....
...US retail sales declined more than expected in January, helping temper broader concerns that an economic resurgence could force the Federal Reserve to push back its timeline for interest rate cuts this year...
...When White joined from media regulator Ofcom in 2020, she pledged to build and rent out 10,000 homes as part of plans to generate 40 per cent of profits from non-retail operations....
...International hoteliers are racing to expand their portfolios at a time when high borrowing costs in Europe have slowed the pace of new construction....
...The pace of new home construction in the US fell in March to its lowest level since August 2023, but low inventory of existing homes continued to underpin demand for new builds....
...US retail sales increased more than expected in December, as consumers kept spending over the holiday period despite high interest rates and inflation....
...Economic data: New monthly residential construction is expected to have increased in February to an annualised pace of 1.42mn units, from about 1.3mn in January, according to economists polled by Reuters...
...The toy retailer started life in 1901 in Liverpool when founder Frank Hornby received a patent for his Meccano construction toy....
...Construction was the second best represented sector in the FT 1000, followed by ecommerce in third place, and fintech and financial services in fourth. Energy and utilities rose one place, to fifth....
French payments group pledges cost cuts and improvements in profitability
...Although demand for construction equipment remained strong in North America, sales declined in Latin America, Europe and Asia....
...Biden: The US president will hold talks with Italian Prime Minister Giorgia Meloni at the White House on Friday....
...“What we’ve seen so far is a slowdown in the total category across price points and segments,” chief executive Dave Kimbell told the JPMorgan Retail Conference on Wednesday....
...The construction sector is also facing a reckoning as a result of its environmental impact....
...Endless variations from strawberry white chocolate to passion fruit keep interest levels high....
...The retail and hospitality sectors were also badly hit, accounting for 16 per cent and 15 per cent of insolvencies respectively over the same 12-month period, reflecting weak consumer demand....
...Huizhou Water and Huizhou Transport Investment Group in Guangdong province and Haian Urban Construction Development Investment Group in China’s eastern Jiangsu province....
...The rate of new home construction in the US fell in January to its lowest level since August, while demand for new homes strengthened from a year earlier due to the lack of existing properties for sale....
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