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Tag: fall

This is one retailer trick you don’t want to fall for this holiday season

This is one retailer trick you don’t want to fall for this holiday season

Finance
Holiday shoppers at the Time Warner Center in New York.Scott Mlyn | CNBCYou've likely heard the pitch, "Would you like to apply for a store card?" as you're making purchases.Many times, you should just say no to that offer, new research shows.That's because many stores will try to lure customers with terms like "0% interest" or "special financing." Once the initial time period ends, that low introductory deal turns into something much worse, including retroactive interest applied to the initial amount you charged.For example, if you buy an $ 800 TV and have a $ 20 balance when a six-month introductory offers runs out, you will be charged interest on the entire $ 800 purchase."That extends the timeline you had thought that you would be paid off by that much longer," said Jill Gonzalez, seni...
Sainsbury’s sales and profits fall despite price cuts

Sainsbury’s sales and profits fall despite price cuts

Business
Sainsbury's has reported a slump in pre-tax profits, with sales falling despite price cuts and new value ranges.The supermarket chain, which also owns Argos, said it had achieved "positive momentum in grocery market share" in highly competitive times. But it reported a 0.2% decline in group sales to £16.8bn over the 28 weeks to 21 September - its first half - with like-for-like sales, a comparable measure, falling 1%. Image: Sainsbury's has lowered prices on more than 1,000 lines since February Trading pre-tax profits fell 15% to £238m. Sainsbury's blamed the phasing out of cost savings and tough weather comparisons.On a statutory basis, pre-tax profits which include one-off costs came in at £9m. The figure covering the same period la
‘A curse will fall on all of them’: Hundreds rush to climb Uluru for final time

‘A curse will fall on all of them’: Hundreds rush to climb Uluru for final time

World
Hundreds of tourists have flocked to Australia's Uluru to take part in the final climb at the sacred site.The giant red monolith, formerly known as Ayers Rock, will be permanently off limits after Friday following a decades-long fight by indigenous people to close the trek. Long queues of tourists formed early on Friday ahead of the ban but strong winds meant visitors were initially stopped from making an early morning climb. Image: Uluru is a symbol of the Australian outback Image: Tourists line up to climb the giant red monolith early on Friday Authorities said they would reassess during the day whether or not to reopen.The UNESCO World Heritage-li...
The spectacular fall of money manager Neil Woodford

The spectacular fall of money manager Neil Woodford

Business
Every rider knows that after a bruising fall you should get back on the horse, if you can. This week, stockpicker Neil Woodford - an equestrian enthusiast - was unseated, told his champion was being sent to the knacker's yard, and responded by closing the stables.Woodford Investment Management is shutting after its eponymous boss was sacked from its flagship fund, once a big money winner for investors but now to be wound up, leaving some with heavy losses. Few give the 59-year-old any chance of saddling up as an investment manager again, marking the end for someone whose decisions affected billions of pounds worth of retirement savings. Neil Woodford made his name at Inv...
Global stock markets fall with FTSE 100 worst-hit

Global stock markets fall with FTSE 100 worst-hit

Business
Global stocks have fallen sharply with the UK's FTSE 100 suffering its worst day in over three-and-a-half years.The blue-chip index lost over 3% in its worst day since January 2016. US and European stock markets also dropped.The falls came after poor US jobs and manufacturing figures and a World Trade Organization decision paving the way for $ 7.5bn in US tariffs on EU goods.Analysts said these factors had sparked fears over the strength of the global economy.In Europe, Germany's main index, the Dax, closed 2.8% lower, while France's Cac 40 lost over 3%.In the US, the Dow Jones Industrial Average ended trading 1.9% lower, marking the second day in a row it has lost more than 1%.The S&P 500 fell 1.8% while the Nasdaq, which is largely made up of techno...