Finnish telecoms giant Nokia have reported better-than-expected profit growth for the third quarter of 2014, boosted by strong performance by Nokia Networks.

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French perfume group Inter Parfums SA announced a rise in sales for Q3, despite losing a Burberry licence agreement earlier this year.

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Gentleman’s outfitter Hackett London will open a store on Old Broad Street, London next month.

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Profit warning from Premier Foods

In its third quarter update this morning, Premier Foods predicted that trading profits for the year to December would be lower than market expectations.

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Reebok fined AUD 350,000 for false advertising

An AUD 350,000 fine has been charged to Reebok Australia, and the brand has been forced to issue refunds after they falsely advertised a pair of their running shoes.

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Tesco was yesterday thought to be considering raising significant funds through a market listing of its valuable Asian business.

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New CEO at Luxottica

The largest eyewear brand globally, Luxottica yesterday made a senior Procter & Gamble manager its new co-chief, after two chief executives had left the company within six weeks.

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Debenhams FY profit down 21%

Debenhams on Thursday morning posted a 20.6 per cent decline in full year profit, in line with market expectations as the business focused on ‘long-term sustainable growth’ and addressing the issues it of its first half operational losses.

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Tesco chairman quits with “profound regret” over profits error

Sir Richard Broadbent has announced he will leave the UK’s largest retailer following the announcement of a bigger-than-expected hole in its profits.

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Facebook reported pre-tax losses of GBP 11.6 million on its UK operations last year, leading to no corporation tax being paid by the California-based social network.

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