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Against that, margins are widening.
Yes this was the year that margins in the core business in the UK contracted.
He added that margins were peaking "as selling price inflation moderates and build cost inflation persists".
The bad news is that margins will not remain at very high levels throughout the year.
Mr. Julich and his fellow merchants complain that margins have shrunk in recent years.
Intel forecast that margins would remain in the mid-40s in the current quarter.
Tesco said the business continued to see underlying growth and that margins had improved steadily.
Financial Research forecasts that margins will fall, on average, from 36percentto19percentcent.
In its earnings statement Aug. 15, it acknowledged that margins were getting squeezed.
for trading He said that margins would remain under pressure as shoppers continued to seek bargains and sales.
"It's clear that margins are probably going down now, but it's not clear how much," Mr. Anderson said.
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