Financial

Hybrid cars to be exempt from 2040 petrol and diesel ban

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Move angers environmental campaigners but is welcomed by automotive industry

Cartier owner destroys more than £400m of watches in two years

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Richemont bought back stock from jewellers to stop it being sold at knockdown prices

Burberry profits from ‘belt bag’ and Christopher Bailey swan song

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British luxury brand also boosted by collaboration with hip Russian designer Gosha Rubchinskiy

Cheltenham tops growth league as £1m+ sales spread across country

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High-end sales almost double in some regions with a 6% increase recorded throughout England and Wales

Princess Yachts motors to record profit amid boom in global wealth

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Devon-based luxury boatmaker has growing order book after dip in pound and rise in optimism