News@Nine THURSDAY 30TH JULY 2015
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Samsung sees profit drop by 8%

30 July | 01:46 AM | | World

Electronics giant Samsung has seen its net profit drop by 8% for the second quarter of the year. Profit for the quarter from April to June fell to 5.75trn won (£3.2bn, $4.9bn), down 8% from last year. The results are in line with the South Korean company's earnings guidance, given earlier this month.


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Skechers shares jump 10% in after-hours trading after earnings rise

Footwear firm’s second-quarter earnings more than double Skechers now second only to Nike among sports shoe brands in US Skechers are popular. Shares in the California shoe company jumped 10% in after-hours trading on Wednesday after the firm reported a more than doubling of quarterly earnings.

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Sainsbury's sells pharmacy business to Celesio in £125m deal

Sale will see owners of Lloyds Pharmacy chain take over all 281 branches and comes the week after the supermarket group raised £550m through bond issues Sainsbury’s has sold its 281-store pharmacy business to Celesio, the owner of the Lloyds Pharmacy chain, for £125m.

Primark Oxford St.

Firms in UK will have to reveal efforts to stop supply chain slavery and trafficking

The major supermarkets, the likes of Primark, Marks & Spencer and well-known food and technology brands, will all have to set out how they are preventing slavery and human trafficking taking place in their supply chains, under rules announced by the UK government. From October, all companies doing business in the UK with a turnover of £36m or more will have to deliver an annual slavery and human trafficking statement covering their manufacturers, farmers and wholesalers elsewhere in the world.

My Tube: DiorAbstract Glasses - Autumn-Winter 2015-16 Campaign
DiorAbstract Glasses - Autumn-Winter 2015-16 Campaign
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M&S logo

Marks & Spencer triggers local anger after confirming store closures

Retailer announces it is closing nine shops across UK, but says 430 affected workers will be offered jobs at M&S stores nearby Marks & Spencer has sparked uproar in local communities by confirming it will close nine shops across the UK, putting hundreds of jobs at risk. The closures include stores in Birmingham, London and Wales and are a result of M&S attempting to modernise its store estate as shoppers switch their spending online.

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Record revenue of €16.7 bn for LVMH in the first half of 2015

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €16.7 billion in the first half of 2015, an increase of 19%. Organic revenue growth was 6% compared to the same period in 2014. The Group recorded strong growth in Europe and the United States. Louis Vuitton had an excellent start to the year. Wines and Spirits continued to grow despite destocking of the distribution in China.

Greggs store

Greggs profits boosted by healthier options and shop upgrades

CEO Roger Whiteside says there was a significant growth in sales of breakfast items and its range of lower-calorie sandwiches The high street baker Greggs has posted a 51% rise in profits for the first half of the year thanks to strong demand for its breakfast range and healthier sandwiches and flatbreads.

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