Tesco brand is "severely compromised", according to survey

According to research by Lazarus, Tesco's brand in the UK is “severely compromised” as consumers grow increasingly frustrated with the service in stores.

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Financial woes for McDonalds

Fast food chain McDonald’s is suffering financially, and trying desperately to hold onto customers globally.

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French luxury group Kering have appointed new chief executives at two of its brands, Bottega Veneta and Christopher Kane.

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Lord Harris steps down as chairman of Carpetright

Lord Harris of Peckham the founder of Carpetright has just revealed that he is to retire as chairman.

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ASOS aims for £2.5bn sales by 2020

ASOS is aiming to reach a £2.5 billion annual sales target by 2020 after recent price cuts helped to reignite growth.

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Net loss of €103 million for Philips

Electronics brand Philips revealed poor results for the third quarter yesterday with a net loss of €103 million, contrasting starkly with the €281 million net income in the equivalent quarter last year.

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Apple yesterday reported revenues of USD 42 billion for the fourth fiscal quarter of 2014, with net profit of USD 8.5 billion and diluted EPS at USD 1.42 for the period. The results mark an improvement on results from the same period last year, which stood at USD 37.5 billion revenues with a net profit of USD 7.5 billion and a diluted EPS of USD 1.01.

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$84.3 million pay package for Microsoft chief executive

The new chief executive of Microsoft Satya Nadella has been given a pay package of $84.3 million – a good deal of which is comprised of long-term stock awards.

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Oscar de la Renta, iconic designer to the stars, dies aged 82

Famous for his evening gowns, bridal ranges and red carpet couture, has died at the age of 82, his family have confirmed.

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Primark to open seven stores in the US as part of deal with Sears Holdings

Primark is planning to open a further seven stores in the United States, including its first outlet in New York, as part of a deal with Sears Holdings.

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