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Mortgages before current accounts at Tesco
The supermarket chain, which has pledged to become the ‘people’s bank’, has indicated that it could look to introduce mortgages by the end of next year, but may not begin offering current accounts until 2011
Fullers highlights sector split
Fuller Smith & Turner provided further evidence that the pub sector is split between successful managed operators and struggling leased and tenanted ones after it delivered robust first-half results
Discounters rush to grab Woolies inheritance
Discount retailers have been the major beneficiaries of Woolworths’ collapse, with 39% of stores now let taken by Poundland, B&M Bargains and other value chains
First Quench to shed more jobs and stores
The administrators of First Quench, owners of Threshers and Wine Rack chains, said it would cut almost 1,900 jobs and close hundreds more stores
US retailers turn to power of the app
Leading US retailers are this year expanding their Christmas sales drive by targeting smartphone users through the new generation of mobile devices such as the Apple iPhone, the Palm Pre and BlackBerry’s Storm
Sony hopes SOS offering will be a saviour
The Sony Online Service is the electronic company’s attempt to make Sony televisions and devices stand apart from the competition by delivering movies, games and music to them
Philip Morris ordered to pay $300m to smoker
A Florida jury orders cigarette maker Philip Morris USA to pay $300m in damages to a 61-year-old ex-smoker who is wheelchair-bound by emphysema
Highland Spring buys Greencore’s water arm
The Scottish company has agreed to acquire the bottled water division of the Dublin-based group for up to £17.5m
Gap boosted by strong Old Navy sales
Gap signalled its intention to start winning back some of the market share it has given up over the past five years, as the largest US speciality clothing retailer reported strong quarterly earnings boosted by sales at its low-price Old Navy chain.
Matalan draws buy-out groups
Five heavyweight private equity groups are among the first-round bidders for the privately owned discount clothing retailer







