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Four more House of Fraser stores saved

Image copyright Getty Images House of Fraser stores in four shopping centres owned by Intu have been saved following talks with the department store chain’s owners, Sports Direct. The stores at Chapelfield in Norwich, Lakeside in Thurrock, Metrocentre in Gateshead and Victoria Centre in Nottingham had been earmarked to close. An Intu spokesperson said there […]

HMRC error hits early-filing taxpayers

Image copyright Getty Images Red-faced tax officials have been forced to apologise today for two embarrassing mistakes over late-payment fines. Last weekend HM Revenue and Customs denied fining taxpayers for failing to submit their self-assessment returns online – even though the deadline is still almost two weeks away. But on Monday HMRC admitted that some […]

IMF warns trade tensions could hit growth

Image copyright Getty Images Image caption US-Chinese trade tensions could exacerbate the global slowdown The International Monetary Fund has warned that escalating trade tensions could undermine global economic growth. In a new report on the world economic outlook, the IMF also warns of risks from a no-deal Brexit. For the world economy, the IMF is […]

Shrinkflation: Bread and breakfast cereals most affected

Image copyright View Pictures Bread and breakfast cereals are the most likely to be affected by shrinkflation, whereby a product shrinks in size but its price doesn’t. The Office for National Statistics (ONS) studied the price of 17,000 items between September 2015 and June 2017. It found 206 products in all categories had shrunk in […]

Rolls-Royce vies for UK nuclear role

Image copyright China Nuclear Power Design Image caption The proposed design for Bradwell B Rolls-Royce has confirmed it is in talks with Chinese state-run firm China General Nuclear (CGN) over providing essential systems for a new power station in the UK. The UK engineering company makes instrumentation and control systems for nuclear reactors. The plant […]

Facebook to create 1,000 jobs in Ireland in 2019

Image caption Facebook is to hire an extra 1,000 employees in Ireland Facebook is to create 1,000 new jobs in Ireland this year, the company’s chief operating officer has said. Sheryl Sandberg made the announcement during a speech at a conference in Dublin on Monday. The new roles will be across 60 teams at Facebook’s […]

Small firms top Which? annual energy survey

Image copyright Getty Images Small energy suppliers have beaten the so-called Big Six in a customer satisfaction survey by Which? The consumer group surveyed 8,000 UK energy users about their provider and issues such as value for money, customer service and accurate billing. The top five were small suppliers: Octopus Energy, Robin Hood Energy, So […]

Mike Ashley in talks to buy music chain HMV

Image copyright Getty Images Sports Direct founder Mike Ashley has placed a bid to buy music chain HMV. HMV collapsed last month, its second administration in six years, risking 2,200 jobs at 125 stores. Sports Direct could not be reached for comment and administrators KPMG also declined to comment. Mr Ashley owns more than 60% […]

Patisserie Valerie seeks bank lifeline

Image copyright Getty Images Troubled cake chain Patisserie Valerie is facing a crucial few days after a deal with its banks expired on Friday. The UK firm said in October it had uncovered “significant, and potentially fraudulent, accounting irregularities”. The company’s biggest shareholder, Luke Johnson, is now in talks to extend its cash lifeline from […]

China’s slowdown and what it means for the UK

Image copyright Getty Images Image caption Exporters and investors will be looking at China’s GDP figures closely Monday sees the release of China’s GDP figures, and they’ll be even more closely watched than usual. Apple’s CEO, Tim Cook, blamed cautious Chinese consumers in part for his company’s failure to sell as many iPhones as he […]

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