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Morrison posts slowest quarterly revenue growth

Bloomberg Wm Morrison Supermarkets Plc reported its slowest quarterly revenue growth in at least a year and said it’s loosening a pact with online retailer Ocado Group Plc so that it can add other digital partners. Comparable retail sales rose 2.3% in the first quarter. The figure missed analysts’ 2.5% estimate. Chief Executive Officer Dave Potts faces the challenge of ...

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British Airways owner scrapes profit despite fare war

Bloomberg IAG SA eked out a profit in the first quarter even after the impact of a European fare war that pushed its biggest rivals to a loss. Shares of the British Airways owner rose as much 5.1% after it posted an operating profit of 135 million euros ($151 million), while reiterating its full-year guidance and predicting that pricing will ...

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US gives China one month for trade deal as talks deadlocked

Bloomberg US President Donald Trump’s administration told China it has a month to seal a trade deal or face tariffs on all its exports to the US, even as both sides sought to avoid a public breakdown in negotiations despite a developing stalemate. The threat was made during talks in Washington, hours after Trump upped the ante by imposing a ...

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