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Majestic Wine to close stores and rebrand as Naked

Image copyright Majestic Wine Majestic Wine has announced plans to revamp its business by closing some of its 200 stores and concentrating on its online Naked Wines division. The change will also see the company being renamed Naked Wines. More details of the store closures – and any job losses – will be given in […]

Sackler Trust suspends new UK donations

Image caption Funding from the Sackler Trust has been used for the new Tate Modern building in London The Sackler Trust has suspended new charitable donations in the UK amid claims the Sackler family fortune is linked to the opioid crisis in the US. The trust said it rejected the claims, but said the row […]

Autonomy sale the focus of the UK’s biggest fraud trial

Image caption Mike Lynch, founder of Autonomy The UK’s biggest fraud trial gets under way on Monday with US technology giant Hewlett-Packard suing the former head of software firm Autonomy. The civil case is over the £8.4bn sale of the software firm to Hewlett-Packard (HP) in 2011. HP alleges that Autonomy founder Mike Lynch and […]

First and second class stamp prices rise

Image copyright Reuters A 3p rise on the cost of first and second class stamps has now taken effect, following a Royal Mail apology. The change takes the cost of a first-class stamp to 70p and a second-class stamp to 61p. The price increases are the highest for the two stamps together since 2012, but […]

What’s going on with the UK economy?

Image caption Is the UK economy too hot, too cold, or just right? More than 1,000 days since the referendum, and with the clock ticking down to 29 March, the path of Brexit remains unclear. Ahead of the 2016 vote, the Treasury warned that leaving could damage the economy. And yet, for all the political […]

What’s going on with the UK economy?

Image caption Is the UK economy too hot, too cold, or just right? More than 1,000 days since the referendum, and with the clock ticking down to 29 March, the path of Brexit remains unclear. Ahead of the 2016 vote, the Treasury warned that leaving could damage the economy. And yet, for all the political […]

Richard Branson calls for new Brexit vote

Image copyright Getty Images Sir Richard Branson says, despite a delay to Brexit, the UK is “dangerously close to full scale disaster”. He also criticised Prime Minister Theresa May for “no longer acting in the national interest” and putting party before country. In a blog post on the Virgin website, the businessman also claimed many […]

The Disney-Fox giant in five charts

Image copyright Getty Images Disney is now the official owner of Rupert Murdoch’s former entertainment empire, 21st-First Century Fox. The mammoth $71bn deal – completed on Wednesday – brings the likes of X-Men, The Simpsons and Fantastic Four characters to Disney’s already impressive film catalogue which includes Star Wars and Cinderella. Disney now also owns […]

Trade war: US-China to resume face-to-face talks next week

Image copyright Getty Images US officials plan to travel to China next week to resume face-to-face talks aimed at ending a trade war between them, the White house has confirmed. And Chinese officials will travel to the US for further talks in Washington in early April. The US and China have imposed tariffs on billions […]

Is this America’s most hated family?

Image copyright Eyevine/Shutterstock Image caption (L-R) Raymond Sackler and his wife Beverly, Mortimer Sackler and his wife Theresa You might never have heard of the Sackler family but you may well have enjoyed their money. The Anglo-American billionaire dynasty are prolific philanthropists and some of Britain’s best-known art galleries, museums, theatres and universities have benefited […]

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