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Saturday, January 13, 2018

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As-it-happens update 13 January 2018
NEWS
Wm Morrison, J Sainsbury and Tesco all reported year-on-year rises in grocery sales, especially in the week before Christmas. And although Tesco posted its best Christmas revenues for eight years, it missed analysts' expectations. Meanwhile, shoppers shied away from splurging on clothing and ...
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Col McKenzie, the head of the Association of Marine Park Tourism Operators, a group that represents more than 100 businesses in the Great Barrier Reef, has written to the federal government asking it to stop funding the work of Professor Terry Hughes, claiming his comments were "misleading" and ...
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Activist investor D.E. Shaw & Co. has built an active stake in U.S. home improvement retailer Lowe's, sources tell CNBC. The firm is concerned about Lowe's performance relative its peers, the sources said. D.E. Shaw is not planning to push for consolidation with another home retailer at this time.
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