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A third of Easter egg weight can be packaging, Which? says

Image copyright Which? Image caption Thorntons Classic egg comes with substantial packaging As much as a third of the weight of an Easter egg is still the cardboard and plastic packaging it comes in, according to research by Which?. However, manufacturers have made big strides to make sure such packaging can be recycled, the consumer […]

Facebook value drops by $37bn amid privacy backlash

Image copyright Getty Images Facebook’s shares have fallen sharply, wiping $37bn off the firm’s value, as it faces questions from US and UK politicians about its privacy rules. The social network is under fire after reports on how Cambridge Analytica, which some believe helped Donald Trump win the US election, acquired and used Facebook’s customer […]

‘Irresponsible’ company bosses face government crackdown

Image copyright Getty Images Image caption BHS collapsed in 2017 with the loss of 11,000 jobs “Irresponsible” company directors who profit from their firm’s failure while workers and suppliers lose out face a fresh crackdown under government plans. Proposals include clawing back money for workers and suppliers by reversing asset sales by struggling firms. And […]

Michael Sheen takes aim at high cost of rent-to-own

Image copyright Getty Images Image caption Michael Sheen hopes the alliance can drive change to regulation The actor Michael Sheen has founded a new initiative aimed at providing “fairer alternatives” to mainstream rent-to-own firms and payday lenders. The End High Cost Credit Alliance aims to create a “social movement” that brings together 50 partners. It […]

Carpetright and Mothercare shares dive on trading worries

Image copyright PA Shares in Carpetright and Mothercare have plunged amid fears about the retailers’ futures. Carpetright slumped more than 11% after a report suggested it would cut jobs and close stores as part of a rescue plan to stop it going into administration. Mothercare, which is in the midst of a store closure programme, […]

A pension of £18,000 – or £1,000? The auto enrolment dilemma

Image caption Employees on the Wiston estate are among those facing a pensions dilemma Since auto-enrolment pensions began in 2013, the average employee has only been paying in a few pounds every week. But from 5 April, contributions will rise dramatically. Workers will need to decide whether to contribute hundreds of pounds extra into their […]

UK tech giant Micro Focus plunges in value as shares crash

Image copyright Bret Fitzgerald Shares in the UK’s biggest technology firm, Micro Focus International, have plunged after it warned of a sharper than expected fall in revenues and its chief executive resigned. Shares in the company, whose customers include BMW and American Express, were down 42% in afternoon trading. The problems stem from its purchase […]

Betting machine wagers ‘should be cut to £30 or less’

Media caption‘I lost £15,000 in a day gambling on FOBTs’ The maximum stake for fixed odds betting terminals (FOBT) should be cut to £30 or less, the UK’s Gambling Commission has recommended. Currently people can bet up to £100 every 20 seconds on electronic casino games, such as roulette and blackjack. It comes after a […]

Carillion finance directors to be probed by regulator

Image copyright Reuters The conduct of two former Carillion finance chiefs is to be investigated by the UK’s accounting watchdog. Richard Adam and Zafar Khan had both been group finance director of the collapsed outsourcing company. The Financial Reporting Council probe will focus on Carillion’s financial statements for the years 2014, 2015 and 2016, and […]

Melrose ‘offers to boost GKN pension fund by £1bn’

Image copyright GKN Turnaround firm Melrose has offered to invest £1bn in engineering giant GKN’s pension fund as it battles to secure a takeover deal, the BBC understands. The move could allay concerns from the pensions watchdog and MPs which have called for the deal to be blocked. The offer comes after GKN rejected what […]

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