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Thursday, July 11, 2019
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What did ousted M&S clothing boss change at the embattled retailer? 11 Jul 1:57pm What did ousted M&S clothing boss change at the embattled retailer?
Jill McDonald’s tenure reacted to customer demands but its delivery came unstuck
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Serious Fraud Office assesses Gavin Woodhouse businesses 11 Jul 1:00pm Serious Fraud Office assesses Gavin Woodhouse businesses
Move follows a referral from the MP John Mann, who also wants FCA to look into situation The Serious Fraud Office is considering investigating the business affairs of Gavin Woodhouse following a referral from an influential MP. John Mann, the Labour MP for Bassetlaw who has been a member of parliament’s Treasury select committee for more than a decade, alleged Woodhouse’s business model “smells a bit like a Ponzi scheme” as further details of the embattled entrepreneur’s finances have emerged.
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Mark Carney positions himself as contender for IMF top job 11 Jul 12:31pm Mark Carney positions himself as contender for IMF top job
Bank of England governor refuses to rule out succeeding Christine Lagarde Mark Carney has positioned himself as a contender to be the next head of the International Monetary Fund after refusing to rule out joining the race to take over from
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France hits back at US over tax on digital giants 11 Jul 10:59am France hits back at US over tax on digital giants
US has said it will investigate planned levy on firms such as Amazon and Facebook
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M&S ousts fashion boss Jill McDonald 11 Jul 10:31am M&S ousts fashion boss Jill McDonald
Marks & Spencer CEO, Steve Rowe, will take care of its clothing business again
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HSBC credit card compensation bill could rise to £11m 11 Jul 8:47am HSBC credit card compensation bill could rise to £11m
HSBC extends scheme to extra 18,500 customers overcharged on debt payments HSBC is expected to pay out millions more in compensation to credit card customers who were overcharged when they fell behind with payments. The bank has
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Cuadrilla to restart fracking at site in Lancashire 11 Jul 8:27am Cuadrilla to restart fracking at site in Lancashire
Drilling at Preston New Road is last-ditch effort to convince regulators to relax safety rules Cuadrilla plans to restart fracking at its Preston New Road site in Lancashire in a last-ditch bid to convince policymakers to relax safety rules. The first company to frack for shale gas in the UK will drill a second well near Blackpool after it was
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Dutch airline KLM calls for people to fly less 11 Jul 8:25am Dutch airline KLM calls for people to fly less
The Netherlands’ national airline urges people to ‘fly responsibly’ and to invest in its carbon-offsetting scheme Dutch airline KLM has launched a campaign asking people to fly less. The video and
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Future of M&S fashion boss Jill McDonald in doubt 11 Jul 7:57am Future of M&S fashion boss Jill McDonald in doubt
Marks & Spencer could be about to reveal her exit after ‘troubled year’ for its clothing business
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A call to Ovo over an unexpected charge landed me a big bill 11 Jul 7:06am Updated A call to Ovo over an unexpected charge landed me a big bill
I dialled the number I found online, got cut off, and ended up with a £48 charge on my phone bill
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Climate emergency protests ahead of Bank of England financial stability report - business live 11 Jul 5:27am Updated Climate emergency protests ahead of Bank of England financial stability report - business live
Campaigners demand the Bank of England does more to tackle climate risks
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France hits back at US over tax on big digital companies 11 Jul 4:57am France hits back at US over tax on big digital companies
Donald Trump threatens trade war over planned levy on firms such as Amazon and Facebook
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Swiss Re halts flotation of ReAssure life insurance 11 Jul 4:41am Swiss Re halts flotation of ReAssure life insurance
Investors were put off by £3.3bn valuation following recent IPO flops and uncertainty of no-deal Brexit Swiss Re has postponed the flotation of its UK zombie life insurance business after investors unsettled by overhyped share offers and the prospect of a no-deal Brexit refused to accept the company’s valuation of up to £3.3bn. The Swiss insurer announced the initial public offering of ReAssure in June after months of speculation about a flotation. Shares totalling 26% of the company were due to start trading on Thursday but Swiss Re cancelled the sale blaming weak demand for UK listings.
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Reckitt Benckiser to pay $1.4bn fine over opioid treatment sales 11 Jul 4:36am Reckitt Benckiser to pay $1.4bn fine over opioid treatment sales
Nurofen maker reaches deal with US over alleged fraudulent marketing of Suboxone Reckitt Benckiser has agreed to pay a $1.4bn (£1.1bn) fine to settle a US investigation into sales of a treatment for addiction to opioids by its former prescription drugs business Indivior. The maker of Nurofen and Durex said it had reached a deal with the US Department of Justice and Federal Trade Commission to resolve the long-running inquiry into sales and marketing of Suboxone Film, an opioid-based drug.
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Markets rally ahead of Bank of England financial stability report - business live 11 Jul 3:45am Updated Markets rally ahead of Bank of England financial stability report - business live
Rolling coverage of the latest economic and financial news, including the Bank of England’s latest assessment of risks facing the UK economy
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Reckitt Benckiser to pay record $1.4bn fine over opioid sales 11 Jul 3:07am Reckitt Benckiser to pay record $1.4bn fine over opioid sales
Maker of Nurofen and Durex reaches deal with authorities over allegedly fraudulent marketing of Suboxone Reckitt Benckiser has agreed to pay a $1.4bn (£1.1bn) fine to settle a US investigation into sales of a treatment for addiction to opioids by its former prescription drugs business Indivior. The maker of Nurofen and Durex said it had reached a deal with the US Department of Justice and Federal Trade Commission to resolve the long-running inquiry into sales and marketing of Suboxone Film, an opioid-based drug.
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