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Tuesday, July 23, 2019
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Nissan plans to shed 10,000 jobs worldwide, reports claim 23 Jul 10:38pm Nissan plans to shed 10,000 jobs worldwide, reports claim
Cuts would be twice as many as the carmaker announced in May and will increase fears of UK losses The carmaker Nissan plans to cut more than 10,000 jobs around the world as part of efforts to turn itself around, Japanese media have reported. Nissan announced in May it would cut 4,800 jobs from its global workforce of around 139,000 as it grapples with
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GBP 1,22 +0,247%
EUR 1,11 -0,181%
CHF 1,02 -0,492%
A million homes lined up for energy bill cuts 23 Jul 1:53pm A million homes lined up for energy bill cuts
Ministers admit much more needs to be done to reach fuel poverty targets One million more homes in England could be in line for help to cut their energy bills under the government’s latest strategy to tackle fuel poverty. Ministers plan to change the way the government calculates whether a household is fuel poor, after admitting that much more needs to be done to reach its own
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Serious Fraud Office investigates De La Rue over South Sudan operations 23 Jul 1:53pm Serious Fraud Office investigates De La Rue over South Sudan operations
Shares of UK company producing Bank of England notes more than halved after series of setbacks The Serious Fraud Office is investigating the world’s biggest printer of banknotes over suspected corruption in South Sudan. The SFO said it was examining how the UK company De La Rue, which produces notes for the Bank of England, and associated individuals conducted business in the African country.
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A new prime minister is forced upon us | Letters 23 Jul 12:53pm A new prime minister is forced upon us | Letters
Readers respond to the election of Boris Johnson as Tory leaderPlease can someone tell me that I’m not mad, and that this really is happening (
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Fever-Tree loses its fizz as cool start to summer knocks back sales 23 Jul 12:09pm Fever-Tree loses its fizz as cool start to summer knocks back sales
Poor weather and slowdown in drinks trade contribute to worse than expected results A cool start to the summer, rising competition and a slowdown in the gin trend have knocked the fizz out of Fever-Tree Drinks which posted a worse than expected slowdown in UK sales. Shares in the tonic water maker dived more than 10% on Tuesday, wiping more than £300m off the company’s value, as it said poor weather in the three months to 30 June had dampened growth rates.”
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BA strikes can go ahead as airline loses legal action 23 Jul 11:58am BA strikes can go ahead as airline loses legal action
Holidaymakers’ flights could be disrupted as court rejects airline’s challenge to action British Airways has lost its legal attempt to block
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Business leaders and unions urge Johnson to avoid no-deal Brexit 23 Jul 9:35am Business leaders and unions urge Johnson to avoid no-deal Brexit
CBI says new Tory leader must secure an agreement in his first 100 days as prime minister Business leaders and trade unions greeted
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UK factories facing biggest slowdown since financial crisis, says CBI 23 Jul 8:20am UK factories facing biggest slowdown since financial crisis, says CBI
Brexit fears and slow global growth have hit output in manufacturing sector A double whammy of Brexit uncertainty and a slowdown in global trade has seen order books in Britain’s factories shrink at their fastest pace since the financial crisis, the CBI has said. Urging the new prime minister,
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UK factory orders slump as no-deal Brexit fears hit economy - business live 23 Jul 8:12am Updated UK factory orders slump as no-deal Brexit fears hit economy - business live
British manufacturers have suffered the fastest falls in domestic and export orders since the financial crisis
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Bank of England policymaker warns UK economy is weak - business live 23 Jul 6:12am Updated Bank of England policymaker warns UK economy is weak - business live
Rolling coverage of the latest economic and financial news
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New UK nuclear plants could be paid for upfront by consumers 23 Jul 5:13am New UK nuclear plants could be paid for upfront by consumers
Government plans to attract investors by making taxpayer help pay for cost overruns The government has confirmed plans for consumers to begin paying for new nuclear reactors before they are built, and for taxpayers to pay a share of any cost overruns or construction delays. In a consultation document launched on Monday night, officials said the model is “essential” to attract private investors to back the UK’s new nuclear ambitions at a price that is affordable for bill payers. The public purse would also compensate nuclear investors if the project was scrapped.
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Debt ceiling deal and trade war optimism lift markets - business live 23 Jul 4:05am Updated Debt ceiling deal and trade war optimism lift markets - business live
Rolling coverage of the latest economic and financial news
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Expand credit unions as alternative to payday lenders, FCA urges 23 Jul 2:44am Expand credit unions as alternative to payday lenders, FCA urges
Non-profit cooperatives should be encouraged to disrupt high-cost lenders, says regulator The financial regulator is calling for a government review of credit union rules to give vulnerable consumers a viable alternative to payday lenders. The Financial Conduct Authority said looser laws would allow credit unions to offer a wider range of products and services to customers. It said the move could help higher risk customers who often turn to expensive payday loans to make ends meet.
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How is it our two year old toilet seats are ‘irreplaceable’ 23 Jul 2:00am How is it our two year old toilet seats are ‘irreplaceable’
We’re now at breaking point after buying the DIY store’s Cooke & Lewis bathroom range
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Is fair trade finished? 23 Jul 1:00am Is fair trade finished?
Fairtrade changed the way we shop. But major companies have started to abandon it and set up their own in-house imitations – threatening the very idea of fair trade. By Samanth Subramanian
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