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FTSE buoyed as wages rise; Next nudges higher | 1 April 2021


1 April 2021 | 08:47am
StockMarketWire.com - A 2.2% increase in the National Minimum Wage to £8.91 has put a spring in the FTSE 100 on opening ahead of the long Easter weekend.
The rise in the minimum wage, which will apply to two million workers, although those on furlough are set to miss out, has lifted the FTSE 100 0.3% at 6,734.74, while the FTSE 250 is 0.4% higher at 21,601.77.
Clothing retailer Next has jumped 4.1% to £81.92 after it posted a 15% fall in full price sales for 2020/21 and pre-tax profit of £342 million, in line with guidance but said online sales growth is set to continue.
In the first eight weeks of the 2021/22 year, Next said its online sales have been stronger than expected and has raised its central profit guidance by £30 million from £670 million to £700 million for 2021/22. ....

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FTSE heads into Easter break with gains as S&P 500 tops 4,000 | 1 April 2021


1 April 2021 | 16:37pm
StockMarketWire.com - The FTSE 100 was up 0.4% to 6,737.30 amid optimism over a reopening of the UK economy.
By 4.30pm UK time the S&P 500 in the US moved above 4,000 for the first time as it marked a new record high, gaining 0.9%.
Clothing retailer Next has jumped 3.2% to £81.14 after it posted a 15% fall in full price sales for 2020/21 and pre-tax profit of £342 million, in line with guidance but said online sales growth is set to continue.
In the first eight weeks of the 2021/22 year, Next said its online sales have been stronger than expected and has raised its central profit guidance by £30 million from £670 million to £700 million for 2021/22. ....

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Avon beachfront property owners facing 62% property tax hike to pay for beach widening

Avon beachfront property owners facing 62% property tax hike to pay for beach widening
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Tiny Town, Big Decision: What Are We Willing to Pay to Fight the Rising Sea?


Tiny Town, Big Decision: What Are We Willing to Pay to Fight the Rising Sea?
On the Outer Banks, homeowners in Avon are confronting a tax increase of almost 50 percent to protect their homes, the only road into town, and perhaps the community’s very existence.
Avon, N.C., faces a crisis: The main road into town risks being destroyed by the sea.Credit.
March 14, 2021
AVON, N.C. Bobby Outten, a county manager in the Outer Banks, delivered two pieces of bad news at a recent public meeting. Avon, a town with a few hundred full-time residents, desperately needed at least $11 million to stop its main road from washing away. And to help pay for it, Dare County wanted to increase Avon’s property taxes, in some cases by almost 50 percent. ....

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