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        <title>Fresh Business Thinking | News | City News</title>
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        <lastBuildDate>Sat, 25 May 2013 17:26:18 +0100</lastBuildDate>
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                    <item>
                    <title><![CDATA[Co-op stops offering new business loans]]></title>
                    <description><![CDATA[By Claire West

 Following hot on the heels of the recent Moody&#8217;s rating agency downgrade and the departure earlier this month of Barry Tootell, CEO, The Co-operative Bank plc has now revealed that it has stopped offering loans to new business customers.

"This decision is part of our commercial strategy to...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18429</link>
                    <pubDate>Sat, 25 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[UK pension liabilities up by over 60% in 5 years]]></title>
                    <description><![CDATA[By Daniel Hunter

Despite strong performance across most asset classes since the 2008 financial crisis, falling yields on high quality investments have meant that pension liabilities have still managed to outpace the growth in pension fund assets, finds the 2013 Pensions Accounting Survey from KPMG in the UK.
 
KPMG&#8217;s 2013 Pensions...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18414</link>
                    <pubDate>Thu, 23 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[Opinion: Japan&#8217;s 7.3% 'aggressive' plunge]]></title>
                    <description><![CDATA[By Chris Towner, director at HIFX
 
Just as a Japanese 80-year old reached the summit of mount Everest to be the oldest man ever to reach this most challenging of peaks, which was closely followed in Japan, we also saw the nikkei reach its peak and then drop aggressively. 

A...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18404</link>
                    <pubDate>Thu, 23 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[Halfords witnesses big drop in profits]]></title>
                    <description><![CDATA[By Daniel Hunter

Annual profits at Halfords have fallen by almost 25% for the 12 months to the end of March 2013.

The car parts and bicycle retailer reported pre-tax profits for the 12 months to the end of March fell by nearly 25% to &#163;71m compared with a year earlier.

The company...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18402</link>
                    <pubDate>Thu, 23 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[Sterling falls after weak retail sales data and Bank&#8217;s minutes]]></title>
                    <description><![CDATA[By Andy Scott, premier account manager at HiFX
 
Sterling fell by around 0.5% Wednesday morning against both the euro and the US dollar to a 1-month, and 6-week low respectively following the release of very weak retail sales data for March. Sales fell sharply by 1.3%, against expectations for a...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18389</link>
                    <pubDate>Wed, 22 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[Profits at Marks and Spencer fall]]></title>
                    <description><![CDATA[By Daniel Hunter

Rising sales across the Marks and Spencer group failed to prevent a large fall in profits.

Pre-tax profits fell to &#163;564.3m, down from &#163;658m last year, despite group sales rising 1.3% to &#163;10bn for the year to 30 March.

While underlying sales of food rose 1.7%, sales of general merchandise...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18358</link>
                    <pubDate>Tue, 21 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[Morrisons agree to Ocado partnership]]></title>
                    <description><![CDATA[By Daniel Hunter

Supermarket chain Morrisons has agreed a partnership with online grocer Ocado.

Morrisons, the fourth largest supermarket chain in the UK, says it has agreed a deal that will enable it to launch an online grocery service by January 2014.

The website and delivery vans will be Morrisons branded, with logistical...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18341</link>
                    <pubDate>Fri, 17 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[RBS announce further job losses]]></title>
                    <description><![CDATA[By Daniel Hunter

The Royal Bank of Scotland (RBS) have announced that they are to cut 1,400 jobs from their retail banking head office. 

Most of the job losses, to take place over the next two years, are expected to be at RBS's offices in Edinburgh. RBS said no customer-facing staff...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18332</link>
                    <pubDate>Thu, 16 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[Amazon UK pay their sales tax at just 0.1%]]></title>
                    <description><![CDATA[By Daniel Hunter

The accounts of online retailer, Amazon UK, have shown that the firm paid just &#163;2.4 million in tax last year, on sales on &#163;4.3 billion.

This equates to a tax rate of less than 0.1%, and was almost as much as the &#163;2.5m in government grants Amazon received over...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18329</link>
                    <pubDate>Thu, 16 May 2013 00:00:00 +0100</pubDate>
            </item>            <item>
                    <title><![CDATA[Dixons Retail reports strong sales growth]]></title>
                    <description><![CDATA[By Daniel Hunter

Strong performances from Currys and PC World have seen owner, Dixons Retail, report a growth in sales over the last 12 months.

The company said like-for-like sales grew by 4% in the year to April, although trading in southern Europe continued to perform badly.

Sales fell 8% in Italy, Greece...]]></description>
                    <link>http://www.freshbusinessthinking.com/news.php?NID=18328</link>
                    <pubDate>Thu, 16 May 2013 00:00:00 +0100</pubDate>
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