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Weekend newspaper round up (July 26-27)

The best of the fashion business stories from the weekend's newspapers...

The Sunday Express said that Next would report a 5% drop in like-for-like sales at its second quarter results on Wednesday.The newspaper said that the Next's retail park stores had been hit by rising fuel costs which had made out-of-town stores less popular destinations with shoppers.

The Sunday Express also reported that more businesses within the the Dawnay Day empire, whose owners also own Austin Reed, have been put under the control of administrators. Most of the affected companies are in the group's property arm. Austin Reed has been unaffected by the Dawnay Day group's problems.

Marks & Spencer's environmental consultants will report a 20% increase in profit next month, according to The Independent on Sunday. Environmental Resources Management, which advised M&S on how to cut its carbon footprint on its clothing, will report operating profit has reached $58 million (£29m).

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