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5h Water profits surge even as leaks and spills wash away public trust
The Guardian
Pennon’s results may be good next week, but nationalisation ought to be on the cards given the industry’s soiled record The last of Britain’s three FTSE-listed water companies is due to report its financial results this week, but there’s little doubt any news on the performance of Pennon will be drowned out by a wider crisis in the industry. Pennon, which owns South West Water and Bournemouth Water, is expected to set out an increase in revenues following a boom in holidaymakers to the West Country over the last year that bolstered water volumes. But beyond the regulated returns a set of troubling, but familiar, issues have welled up for the sector.
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6h Compulsory Covid PCR tests for arrivals to UK is ‘huge blow’ to travel industry
The Guardian
Move to tackle Omicron variant welcomed by scientists but trade body says it will add costs and hit demand
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Think twice before buying an e-scooter as a present this Christmas, experts warn6h Updated Think twice before buying an e-scooter as a present this Christmas, experts warn
The Guardian
There were 484 casualties involving e-scooters last year, and riders can also face a £300 fine if they use them on a public road.
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JEFF PRESTRIDGE: Deal for City advisers, not members of LV7h JEFF PRESTRIDGE: Deal for City advisers, not members of LV
The Guardian
What is irrefutable is that with every passing day, the board's decision to back a £530million deal from Bain looks more questionable.
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TONY HETHERINGTON: Never trust Mercer to run a pension scheme7h TONY HETHERINGTON: Never trust Mercer to run a pension scheme
The Guardian
Ms G.L. expected £10,000 from the commutation of her pension savings would be paid on October 1. There is still no sign of the money.
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Will new social care cap stop you having to sell your home?7h Will new social care cap stop you having to sell your home?
The Guardian
New Government proposals were voted through by MPs last week and are now heading to the House of Lords for review.
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13h Suicides linked to HMRC cash demands in ‘loan charge’ tax bills
The Guardian
Self-employed and contractors including nurses and social workers hit over ‘disguised remuneration schemes’ Ministers are facing renewed calls to rethink the controversial “loan charge” imposed on tens of thousands of workers, after it emerged that there had been eight cases of suicide among those facing demands for payments under the scheme. A cross-party group of MPs has already raised
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13h ‘Greasy spoon’ cafes close doors as today’s diners shun fry-ups
The Guardian
With tens of thousands of traditional cafes shutting down or being repurposed as coffee shops and brasseries, is it really the end for the all-day breakfast? Bonnie’s cafe in St George, Bristol, was something of an institution. Serving fry-ups from breakfast to dinner and what one reviewer described as “the strongest cup of tea in BS5” it had been going since 1996. But it was no longer breaking even. A few weeks ago it reopened as a coffee shop and Mediterranean restaurant. Its owner, Suat “Sam” Tezgel blames changing eating habits and gentrification. “When I came to the UK in 1996 I’d never heard of gluten-free or vegan food,” he said. “It was all about fried food. I am a chef and wanted to make a living, so this is what I did. But in the last two years especially, the area is changing. I noticed different types of customers coming in. They were asking for more healthy foods like fresh fish and halloumi.”
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13h David Sleath: the man who builds warehouses for Amazon
The Guardian
While other British developers put up shopping malls, Segro’s boss opted for storage. Now it’s soaring in the online shopping boom Forget shining skyscrapers, gleaming office blocks or swanky shopping centres; in commercial property, big sheds are where it’s at. Warehouses may not be sexy, but they’ve proved extremely lucrative in the surging world of e-commerce. Most consumers won’t have heard of Segro, but it will have touched their lives. Items they use every day may have passed through
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13h Northern Ireland is huge in TV, but post-Brexit reality is far less glitzy
The Guardian
Northern Ireland faces economic problems similar to those of rest of the UK, with some extras all of its own. Now what it has achieved is threatened by a looming trade war Bars are full, restaurants are turning away customers who don’t have reservations and, judging by the people laden with bags, the Christmas shopping season is already under way. Belfast has known plenty of crises down the decades but this doesn’t feel like one of them. Instead, on a Thursday evening in November, Northern Ireland’s capital has the air of any other big provincial UK city, with a thriving hospitality sector and plenty of money changing hands. Were it not for the accents, it could be Leeds or Manchester.
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14h Gas crisis: Europe could tap into emergency supplies as stocks run low, say experts
The Independent
Sustained cold weather like the Beast from the East in 2018 could see Europe’s gas storage completely emptied by February, analysts say
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RAY MASSEY: Kia creating electrical storm with EV6 crossover18h Updated RAY MASSEY: Kia creating electrical storm with EV6 crossover
The Independent
Already picking up awards, it has more than 1,500 UK pre-orders to launch this feisty five-seater. I've just been driving one on British roads.
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Is buy now pay later use considered by mortgage lenders?20h Updated Is buy now pay later use considered by mortgage lenders?
The Independent
Consumer group Which? has warned that lenders view certain types of BNPL borrowing in the same way as a credit card or loan, which could scupper a mortgage application.
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20h Christmas gifts: the best tech gadgets for all the family
The Guardian
From smartphones to tablets and headphones to laptop bags, there is plenty to choose from If you are stuck for ideas for Christmas gifts this year and looking for something more exciting than socks, here are some gadgets that might be just the ticket. From folding phones, headphones and VR headsets to smart speakers and eco-friendly phone cases, all of these great gadgets are excellent, built to last and won’t end up languishing in a drawer or, worse, the bin.
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Typical first-time buyer now puts down 110% of annual income as deposit20h Updated Typical first-time buyer now puts down 110% of annual income as deposit
The Guardian
Rising house prices have seen the cost of a home increase to 5.5 times the average first time buyer's income, compared to 2.1 times 25 years ago.
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Louis Vuitton and Gucci will add sparkle to your portfolio20h Updated Louis Vuitton and Gucci will add sparkle to your portfolio
The Guardian
The global luxury goods market is worth €283billion (£237billion) and is forecast to grow to €360-€380billion by 2025.
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Regulator sets scene for full-scale US takeover war for Blue Prism20h Updated Regulator sets scene for full-scale US takeover war for Blue Prism
The Guardian
Jason Kingdon, Alastair Bathgate and David Moss were already set to rake in more than £130m between them.
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MR MONEY MAKER: Inflation is back, but you can shield nest egg20h Updated MR MONEY MAKER: Inflation is back, but you can shield nest egg
The Guardian
At present, if you are not getting at least 4.2 per cent after all your costs and charges on your investments, you are losing value in real terms.
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20h Updated Mince pie war hots up as supermarkets bid to woo younger taste buds
The Guardian
Be it cookie-style or plant-based, gin-infused or speculoos filling, retailers are experimenting with the festive cake
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Easyjet shares 40% lower than this time last year20h Updated Easyjet shares 40% lower than this time last year
The Guardian
The low-cost airline was battered again as the latest Covid variant raised fears of another lockdown and countries re-imposed travel restrictions.
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MARKET REPORT: Essentra sets private equity pulses racing20h Updated MARKET REPORT: Essentra sets private equity pulses racing
The Guardian
The plastic goods and cigarette filter maker announced a 'strategic review' of the division, responsible for £363m in annual sales.
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Tide of fear engulfs FTSE on Red Friday over new Covid variant20h Updated Tide of fear engulfs FTSE on Red Friday over new Covid variant
The Guardian
Companies in many industries lost ground - but airlines and holiday firms were left smarting. British Airways-owner IAG was the worst hit.
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LV boss facing grilling over relationship with Bain Capital20h Updated LV boss facing grilling over relationship with Bain Capital
The Guardian
Mark Hartigan received a letter from Labour MP Gareth Thomas, asking whether he had previously had 'business dealings or discussions' with Bain.
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ALEX BRUMMER: Covid reality check for investors20h Updated ALEX BRUMMER: Covid reality check for investors
The Guardian
A shutdown of air traffic to Southern Africa is sensible until more is known about the latest variant. The reaction in financial markets is way overdone.
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21h Bulb chief used government advisory role to ‘brief against’ rivals
The Guardian
Collapsed supplier used access to ministers to criticise competitors’ green credentials and exaggerate its own
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22h Switch bank accounts now if you want best freebies, consumers told
The Guardian
Financial data firm Moneyfacts says some of the £100-£130 cash incentives are ending soon If you are thinking of switching
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22h Christmas shopping: check out the best ways to pay
The Guardian
There’s a wide choice of options, from credit cards to buy now, pay later services such as Klarna Buying festive gifts used to be so simple but the march of technology, Covid and other factors have shaken things up and led to a dizzying array of payment options. Buy something on the fashion website Boohoo, for example, and you can choose from seven ways to check out: credit and debit cards, PayPal, Amazon Pay and four different “buy now, pay later” companies.
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22h Homebuyers offered 40-year fixed-rate mortgage by UK lender
The Guardian
Launch by Kensington Mortgages comes amid expectations that era of ultra-low interest rates will end A mortgage offering fixed monthly payments for 40 years was launched this week – and it could mean that some homebuyers will be able to borrow more money than with a standard deal. The Flexi Fixed for Term deal from Kensington Mortgages allows borrowers to fix their interest rate for the full term of the loan, which can be set anywhere between 11 and 40 years.
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