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Wednesday, May 16, 2018
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Co-op to fight food waste with pre-closing time donation scheme 16 May 7:01pm Co-op to fight food waste with pre-closing time donation scheme
Retailer will give fresh produce to community groups two hours before stores close The
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Capita put NHS England patients at risk, says watchdog 16 May 7:01pm Capita put NHS England patients at risk, says watchdog
Outsourcing firm’s primary care back-office contract criticised by NAO The outsourcing giant Capita has put patients at risk of serious harm after taking over NHS England’s administration service, Whitehall’s spending watchdog has found. Failures resulted in 87 women being notified incorrectly that they were no longer part of the cervical screening programme and may have compromised patient safety, according to the National Audit Office (NAO).
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State takes back control of east coast mainline 16 May 6:19pm State takes back control of east coast mainline
Rail service to be renationalised temporarily after Virgin and Stagecoach could not meet payments The East Coast rail service will be temporarily renationalised, the government has decided, after operators Virgin and Stagecoach could no longer meet the promised payments in the £3.3bn contract.
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London Boat Show 2019 cancelled amid waning interest 16 May 2:32pm London Boat Show 2019 cancelled amid waning interest
Organiser makes decision after ‘insufficient support from large proportion of marine industry’ The London Boat Show, once the international showcase for the British marine industry, has scrapped its 2019 event following a lack of interest from exhibitors and waning attendances. The event’s organiser said it made the decision after it became clear there was “insufficient support from a large proportion of the marine industry”. Sales staff at British Marine, the industry group that runs the show, had reported a “significant” lack of commitment from boatbuilders for the show, which also received subpar reviews from attendees at this year’s show.
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Lachlan Murdoch ascends as CEO and chairman of new Fox company 16 May 2:11pm Lachlan Murdoch ascends as CEO and chairman of new Fox company
Position senior to father Rupert Murdoch, who will serve as co-chairman, marks an actual and symbolic shift in the Murdoch empire Lachlan Murdoch will serve as chairman and chief executive of the proposed new “Fox” company – a position senior to father Rupert Murdoch – once the deal to sell Fox assets to Walt Disney is approved by shareholders and regulators, the company said today. Rupert Murdoch will serve as co-chairman of the new Fox entity, which will maintain ownership of Fox’s existing news, sports and business channels.
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Burberry posts 5% rise in profits as revitalisation plan shows promise 16 May 2:04pm Burberry posts 5% rise in profits as revitalisation plan shows promise
Success of expensive handbag and acclaimed final collection by Christopher Bailey lift British brand The success of an expensive new
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Nationalisation of east coast mainline is the only viable option | Nils Pratley 16 May 2:01pm Nationalisation of east coast mainline is the only viable option | Nils Pratley
Chris Grayling’s decision to bring route under public ownership avoids rewarding failure The decision was “very finely balanced”, said transport secretary Chris Grayling, meaning both options on the east coast mainline were terrible from this point of view. He chose the right one. Keeping Stagecoach, under the Virgin Trains banner, on the job would have looked appalling. The operator got its numbers spectacularly wrong when it agreed to pay £3.3bn for an eight-year deal to run the London-to-Edinburgh railway route. It couldn’t even limp into the third year of the deal. To be awarded a “not for profit” follow-on arrangement until 2020 – but one that, critically, could have included a performance-related payment at the end – would have been an unacceptable reward for failing to honour financial commitments.
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Carillion is no one-off scandal. Neoliberalism will bring many more | Owen Jones 16 May 1:52pm Carillion is no one-off scandal. Neoliberalism will bring many more | Owen Jones
‘Recklessness, hubris and greed’ describes the entire system of delivering public services through profit-driven companiesCarillion is no isolated failure, no fluke, no aberration. It is another symptom of a decaying social order that is anti-democratic, inefficient and places profit ahead of people’s needs, aspirations and even lives. That social order is neoliberalism, a term which I accept is probably not bandied around your local pub, and is invariably met with “hur hur” sniggers of performative ignorance among the commentariat. Being deprived of a term to describe how our society is structured and run is convenient for our masters. It stops us joining the dots, of understanding that Carillion is just one manifestation of a failing system: one which rolls back the public sphere everywhere in favour of the private sector, which slashes taxes on big corporations and wealthy people, and one which obsessively deregulates.
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The Guardian view on the Bank of England: keep the menopause out of economic theory | Editorial 16 May 1:30pm The Guardian view on the Bank of England: keep the menopause out of economic theory | Editorial
Let’s talk about the economy without repeating misogynist mythsThe economy, according to a newspaper headline, is “
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Ministers expected to cut FOBT stakes to £2 16 May 1:29pm Ministers expected to cut FOBT stakes to £2
Decision over fixed-odds betting terminals intensifies debate over harm they cause and number of jobs that might be lost The government will announced its final decision on whether to curb stakes on
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Paddy Power Betfair in talks to buy FanDuel after US sports betting ruling 16 May 1:14pm Paddy Power Betfair in talks to buy FanDuel after US sports betting ruling
Discussions with fantasy sports league company come as UK bookmakers are well placed for slice of US market
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Tata Steel unions urge U-turn on pensions cuts after £1.6bn profit 16 May 12:14pm Tata Steel unions urge U-turn on pensions cuts after £1.6bn profit
Staff accepted reduction in benefits as they were told alternative was insolvency Tata Steel moved back into profit at the start of this year, in large part due to a £1.6bn boost from the restructuring of its pension scheme, prompting unions to demand that cuts to members’ benefits be reversed. The Indian steelmaker swung to a profit of 146.9bn rupees (£1.6bn) in the three months to the end of March, from a loss of 11.7bn rupees a year earlier. It benefited from a
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The Bank of England’s view of menopausal women is demeaning | Ros Altmann 16 May 11:21am The Bank of England’s view of menopausal women is demeaning | Ros Altmann
The Bank’s deputy governor described the UK economy as ‘menopausal’. This type of bias has no place in modern thinking
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Deliveroo to give staff £10m share pot – but couriers will miss out 16 May 10:43am Updated Deliveroo to give staff £10m share pot – but couriers will miss out
People who deliver takeaway food classed as self-employed contractors not employees
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Gordon Ramsay’s restaurant group hit by £3.8m loss 16 May 9:20am Gordon Ramsay’s restaurant group hit by £3.8m loss
Kavalake to close Maze in London but five new venues will be opened overseas Gordon Ramsay’s restaurant group has swung to a multimillion pound loss as it plans to shut one of its flagship venues, Maze in London’s Mayfair, and open five new restaurants overseas. Kavalake, the holding company for the group – which includes some of London’s most famous restaurants such as Petrus, Savoy Grill, Maze and Bread Street Kitchen – reported a pre-tax loss of £3.8m in the year to the end of August 2017.
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East coast mainline to be temporarily renationalised 16 May 8:43am Updated East coast mainline to be temporarily renationalised
London to Edinburgh service to come under public control after Virgin and Stagecoach could not meet payments The east coast rail line will be temporarily renationalised, the government has decided, after operators Virgin and Stagecoach could no longer meet the promised payments in the £3.3bn contract.
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Top Novartis lawyer steps down over Michael Cohen payments 16 May 8:27am Top Novartis lawyer steps down over Michael Cohen payments
Novartis announced one of its top legal experts, who signed a $1.2m contract with Michael Cohen in February 2017, is resigning Swiss pharmaceutical giant Novartis on Wednesday announced the retirement of its top legal expert, as he apologised for
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EasyJet to expand holiday business as it reduces losses 16 May 5:29am Updated EasyJet to expand holiday business as it reduces losses
Airline denies fares will rise overall this summer and says it will launch a loyalty scheme EasyJet is planning to expand its holiday business and set up a new loyalty scheme as it targets a 30% leap in profits this year. The airline – boosted by the collapse of rivals such as Monarch and Alitalia last year – made a rare operating profit during the traditionally loss-making autumn and winter months. Its headline figure of £8m did not include heavy losses at its new
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Carillion: 10 most shocking quotes from the report into its failure 16 May 3:18am Carillion: 10 most shocking quotes from the report into its failure
Here are the most stinging comments in a MPs’ report on the failure of the company
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How did First Utility turn a £950 refund into £1,562 debt? 16 May 2:00am How did First Utility turn a £950 refund into £1,562 debt?
It admitted it calculated our bill wrongly and paid us the money – then it asked for more back
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Wages growth stuck at 2.1%, putting Coalition forecast in doubt 16 May 12:48am Wages growth stuck at 2.1%, putting Coalition forecast in doubt
Shadow treasurer says budget forecast of 2.25% growth in 2017-18 is ‘problematic’
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