Next H1 Profit Before Tax Rises; Updates FY23 Outlook

NEXT plc (NXT.L), an apparel retailer, on Thursday reported higher profit before tax and revenues for the first half of the year. The company also updated its earnings guidance for fiscal 2023. For the first half, profit before tax increased to 419.8 million pounds from 400.6 million pounds last year. After tax, earnings attributable to equity holders slipped to 321.8 […]

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The ‘five families’ threatening to shut down the US government

Save articles for later Add articles to your saved list and come back to them any time. Another bout of internecine warfare within the Republicans in Congress is threatening to shut down the US government in less than a fortnight, only months after the US narrowly averted a default on its debts. On Tuesday, House speaker Kevin McCarthy was forced […]

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U.S. Jobless Claims Inch Up Less Than Expected To 220,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits edged up by less than expected in the week ended September 9th. The report said initial jobless claims crept up to 220,000, an increase of 3,000 from the previous week’s revised level of 217,000. Economists had expected jobless claims to rise to 225,000 from […]

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German ZEW Economic Confidence Improves Moderately

Germany’s economic sentiment unexpectedly improved in September as interest rates are estimated to have peaked in the euro area and the U.S., but financial market experts’ assessment of the current situation turned more pessimistic, survey data from the ZEW-Leibniz Centre for European Economic Research showed Tuesday. The ZEW Indicator of Economic Sentiment unexpectedly rose to a three-month high of -11.4 […]

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Road test: OnePass’ enhanced Flybuys reward points offer

Save articles for later Add articles to your saved list and come back to them any time. The loyalty reward scheme of outlets such as Officeworks and Bunnings has increased its rewards points, from one point for each dollar spent in-store to five points, while maintaining the membership fee at $4 a month, or discounted to $40 if paid annually […]

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Eurozone July Retail Sales Decline More Than Expected

Euro area retail sales fell for the first time in four months and at a slightly faster than expected pace in July, led by a slump in sales of auto fuel, preliminary data from the statistical office Eurostat showed Wednesday. Retail sales decreased 0.2 percent month-on-month in July, which was slightly faster than the 0.1 percent fall economists had expected. […]

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Europe New Car Registrations Rise Further Amid Massive EV Sales Growth

The European car market continued to log double-digit sales growth in July amid the rising demand for battery electric vehicles, after component shortages damped sales in the same month last year, data released by the European Automobile Manufacturers’ Association, or ACEA, showed on Wednesday. New car registrations advanced 15.2 percent on a yearly basis in July, following a 17.8 percent […]

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Will investing in shares affect my pension?

Save articles for later Add articles to your saved list and come back to them any time. My wife and I are both on a full pension and we understand the income and asset tests. I am considering investing in a few shares. My understanding is that their value will be considered a financial asset, thereby being both asset-tested and […]

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