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Sainsbury sales fall as consumers hold back

Bloomberg J Sainsbury Plc’s Christmas sales fell more than analysts expected as price-conscious UK shoppers turned to discounters for their turkey and stocking stuffers. The supermarket chain became the second of the big four UK grocers to highlight consumer unease over the holiday season, with Wm Morrison Supermarkets Plc warning that the political stalemate over Brexit was making shoppers rein ...

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The shopping mall’s savior is starting to eat itself

Bloomberg Stephen Wall’s restaurant chain Pho is the kind of tenant that mall landlords would love to attract. The Vietnamese menu is right on trend, the business is expanding and, even better, it has a track record of success in shopping centres. Yet he thinks that even restaurants like his won’t be the savior of malls suffering from the rise ...

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Opec doesn’t dictate oil prices: Al Mazrouei

ABU DHABi / WAM Suhail Mohamed Faraj Al Mazrouei, Minister of Energy and Industry, has said that Opec and its members “don’t control” oil prices and that the market “dictates” them. “What Opec strives to achieve”, he added, “is a balanced oil market that is fair for both consumers and producers, and encourages the many trillions of dollars of investment ...

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