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M&S gaining on John Lewis in £20b fight for UK middle class

BLOOMBERG For decades John Lewis Partnership Plc has been considered the pinnacle of British retailing, overshadowing archrival Marks & Spencer (M&S) Group Plc. While the owner of the John Lewis department store and upmarket grocer Waitrose was lauded for its employee-ownership, service levels and quality, M&S struggled with never-ending turnaround plans, a revolving door of CEOs and plunging profits. But ...

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Heathrow security staff vote to strike over pay

BLOOMBERG London Heathrow stands to suffer severe disruptions during the busy Easter travel period after some workers at the airport voted in favour of walkouts, the latest flareup in the country that has seen months of strikes over pay amid a cost of living crisis. More than 1,400 security workers at the hub voted in favour of 10 days of ...

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Port Authority to spend extra $1bn on JFK Airport project

BLOOMBERG The massive renovation to New York City’s John F Kennedy International Airport has gotten even more expensive. The Port Authority of New York & New Jersey increased its funding authorisation for the infrastructure portion of the project by about $1 billion, making the new budget $3.9 billion, after costs surged due to higher inflation, soaring labour expenses and supply ...

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