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Recent financial updates from major UK retailers reveal a mixed performance. Sainsbury's reported a revenue increase, while Primark faced challenges due to weather. Domino's showed growth in sales and store openings, indicating resilience in the fast-food sector. Overall, the retail landscape remains dynamic as companies adapt to changing consumer behaviors.
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Following Donald Trump's election win, global markets reacted sharply. The FTSE 100 initially rose but closed lower amid concerns over potential tariffs and inflation. The pound fell against the dollar, reflecting investor anxiety about the UK economy's future under Trump's policies.
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Rideshare drivers are increasingly offering passengers the option to pay in cash or through apps like Venmo, bypassing Uber and Lyft. This trend arises from declining earnings and dissatisfaction with app-based fare structures. Meanwhile, Uber is petitioning for a reduction in driver pay rates amid falling ridership and rising operational costs.
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JD Sports reported a significant drop in sales for October, attributing the decline to mild weather and increased competition. The company now expects profits to be at the lower end of its previous guidance, leading to a 14% drop in share value, impacting investor confidence.