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Rocketing food prices dragged down UK sales in January

lbWepZaFvATzSCKT - Fri, 02/16/2018 - 11:16
Growth in sales last month was at its slowest since April 2017 according to the Office for National Statistics with the amount bought in January rising just 0.1%.

Balfour Beatty scoops part of a £1.4 billion contract

lbWepZaFvATzSCKT - Fri, 02/16/2018 - 11:02
FTSE 250 construction firm Balfour Beatty is part of a joint venture that has scooped a £1.4 billion contract to build a train network at Los Angeles International Airport (LAX).

MARKET REPORT: Indivior hammered by legal woes

lbWepZaFvATzSCKT - Fri, 02/16/2018 - 10:41
The firm is gripped in a scuffle with various US drug makers to stop them creating copycat versions of its flagship drug to fight opioid addiction, Suboxone.

Home ownership rates among young people have 'collapsed'

lbWepZaFvATzSCKT - Fri, 02/16/2018 - 08:42
House prices have increased seven times faster in real terms than the average annual salary of a young worker, according to the Institute for Fiscal Studies.

Airbus writes off another £1bn on its A400m cargo plane

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 22:00
The aircraft, which can carry 116 fully equipped troops, has been beset by problems, including a fatal crash in 2015. Europe’s largest aerospace group, posted a profit of £3.7bn.

CITY DIARY: HSBC boss Stuart Gulliver sets sail

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:53
HBSC boss Stuart Gulliver bows out from his £9.7m a-year role next week once he’s delivered the bank’s latest results, an annual task the irascible northerner won’t miss after he’s gone.

Train and aeroplane maker Bombardier's soaring profits

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
The Canadian firm, which employs 4,200 staff at a plant in Belfast, made a £478m profit last year, up 57 per cent on 2016. It follows a turbulent few months for the business.

Burberry bids to win over the young at London Fashion Week

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
Luxury giant Burberry is offering a service that allows customers to order their favourite items from its 2018 catwalk show and have them delivered within an hour.

ON THE BOARD: Royal Mail boss Moya Greene joins Rio Tinto

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
It follows her appointment last year to the board of budget airline EasyJet. The Canadian mother-of-one has run Royal Mail since 2010, and was paid £1.9m between 2016 and 2017.

World's biggest hedge fund takes £15bn bet against Europe

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
Bridgewater is shorting some of the biggest companies on the Continent meaning it will make money if their share prices fall. It suggests a positioning for a slump in markets.

ALEX BRUMMER: Melrose's bid for GKN is high risk

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
Predator Melrose may lay claim to being penny pinching accountants but are committed to spending a whopping £139.5m of shareholder funds on advisory and loan fees.

DAILY BRIEFING: Plan to beam broadband internet from space

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
Broadband internet could soon be beamed into homes, serving 3bn people, by Elon Musk’s SpaceX after the firm won regulatory backing for a new network of satellites.

London remains Europe's tech capital despite Brexit fears

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
The UK capital remains by far the biggest hub of software developers, hosting almost 100,000 more than its closest competitor - Paris, new figures have revealed.

Standard Life Aberdeen rocked as Lloyds pulls £109bn

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
Scottish Widows said it was pulling a £109bn pot out of the firm, equal to nearly 17 per cent of total assets. Widows gave Aberdeen Asset Management the right to run its money in 2014.

Tesco faces shareholder revolt over £3.7bn Booker takeover

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
Advisory firm Institutional Shareholder Services said the merger would bring little benefit to Booker’s investors and that it undermined the wholesaler’s value.

GKN fights back in takeover battle

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:51
GKN, which supplied cannonballs to the British Army in the Battle of Waterloo and now makes parts for fighter jets and helicopters, is fighting off an unwanted £7.4bn from the turnaround specialists.

Laura Ashley blames weak pound after profit warning

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 21:50
The retailer, which is famous for its floral wallpaper and its pastel-coloured furniture, said sales dropped almost 8 per cent in the six months to December 31.

Rising interest rates will be good news for many people

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 19:24
The perception is often that higher rates are bad news but for many people rate rises - or the environment which causes them to go up - are a good thing.

Pension tips for married couples and benefits available

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 19:09
It may not seem like a grand romantic gesture, but making sure your spouse is financially comfortable in retirement, will go a long way towards securing your future happiness together.

Buy-to-let mortgage lets you rent a home to your children

lbWepZaFvATzSCKT - Thu, 02/15/2018 - 19:03
A new family buy-to-let mortgage has been launched by Mansfield BS that actively targets those who may want to rent a home to their children - or perhaps even their parents.
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