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Online retail giant Amazon cutting hundreds of jobs

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 14:41
The company, which is worth more than $600bn, is understood to be slashing hundreds of roles from its head office in Seattle and hundreds more from its operations around the world.

BHP Billiton is hit with £1.3bn income tax bill

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 13:10
BHP Billiton, the multi-national mining company, has been hit with a £1.3bn bill following changes to corporate income tax law in the US.

Shares at car dealership group Pendragon surge 15%

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 12:19
Pendragon shares rallied 15 per cent during morning trading, despite the car dealership experiencing a slump in full year profits, by almost a fifth.

Britons oblivious to costs and risks of car finance deals

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 12:15
A survey of 2,000 people who are currently financing vehicles found that 47 per cent were unable to specify how much they had effectively borrowed in order to get the keys to the new car.

Starling Bank launches partnerships with finance apps

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 10:59
Customers who sign up for a Starling current account will be able to access mortgage advice, pension management, investments and insurance all through one secure app.

Travel giant TUI hails 'resilient' demand from UK

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 10:57
UK bookings for summer 2018 started well, the firm said, as Brits planned ahead for sunny getaways with performance ‘broadly in line’ with last year as average selling prices rose 3 per cent.

Rupert Murdoch vows to safeguard independence of Sky News

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 07:58
The ‘firewall’ proposals would give the channel an editorial board to protect its independence and guarantee funding for at least five years.

Crackdown on robot traders that fuel stock market chaos

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 07:36
Regulators are increasingly concerned about the potential for sudden selling sprees by rogue computer programs which cannot be switched off.

Big Four accountancy firms feasted on Carillion's carcass

lbWepZaFvATzSCKT - Tue, 02/13/2018 - 01:24
Britain’s ‘Big Four’ accountancy firms made more than £70million from Carillion in the decade before it collapsed, a damning report about how the accountants failed to spot warning signs shows.

Barclays could lose banking licence over alleged fraud

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 22:11
The lender has been charged over a £7.3bn fundraising drive which saved it from needing a state bailout during the 2008 financial crisis.

Vue International making first foray into Saudi Arabia

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 22:03
The firm has paired with Abdulmohsin Al Hokair Holding Group – which operates a raft of leisure and hospitality centres – to launch 30 cinemas over the next three years.

Donald Trump could privatise International Space Station

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 22:02
The ISS has hosted more than 100 astronauts over the past two decades – including Britain’s Major Tim Peake – but the US, which contributes the lion’s share of funding, is set to pull support after 2024.

ALEX BRUMMER: Ghost that haunts Barclays may hit licence

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 22:02
But what is really disturbing is that it has taken a decade for financial justice to confront alleged wrongdoers.

Bank official says households able to withstand rate hikes

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 22:02
Gertjan Vlieghe, a member of the Monetary Policy Committee, said a pick-up in wages and an increase in household debt meant the economy was ‘ready for somewhat higher interest rates’.

MARKET REPORT: Acacia Mining scraps dividend

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 22:02
Acacia said it had been a ‘resilient’ year despite being ‘impacted by events beyond our control’. With no resolution in Tanzania, and a warning that costs could increase, shares dropped 3.9 per cent.

Boss of JP Morgan Chase more than double his money

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 22:02
Jamie Dimon bought 500,000 shares in February 2016 for £19m. His investment followed a 20 per cent fall in the value of the firm’s stock amid fears over the health of the global economy.

Millions have no pension as self-employed saving plunges

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 20:03
About 45 per cent of self-employed workers aged between 35 and 55 have no private pension, the Office for National Statistics revealed.

FTSE LIVE: European stock markets expected to rise

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 17:44
Investors were cheered at the start of the week, as the FTSE 100 index closed up 84.63 at 7,177.06 today, as it climbed 1.2%.

RED Driving School slams talk of graduated licences

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 17:19
RED Driving School boss Ian McIntosh blasted the proposal, saying young drivers face enough financial limitations and the UK 'already has virtually the safest roads' in the world.

Investors braced for another week of turmoil on markets

lbWepZaFvATzSCKT - Mon, 02/12/2018 - 15:16
Closely-watched US economic figures are due out and analysts have warned investors may run for the hills if prices are rising faster than expected.
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