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IMF warns of the vulnerability of open-ended investment funds1h 25m IMF warns of the vulnerability of open-ended investment funds
Open-ended funds typically have to sell assets to raise money when savers want to withdraw cash. Closed-ended funds have a fixed number of shares which can be bought and sold.
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Firms mixed up in the Woodford scandal may be sued by savers1h 25m Firms mixed up in the Woodford scandal may be sued by savers
City watchdog the Financial Conduct Authority is probing Neil Woodford for seemingly attempting to dodge rules to protect investors in his Equity Income fund.
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Losses deepen at Patient Capital on first day since Woodford resigned1h 25m Losses deepen at Patient Capital on first day since Woodford resigned
Despairing investors in Patient Capital Trust are in danger of incurring even bigger losses if they hang on to their shares, analysts warned yesterday. Shares worth 119p in August 2015 are now worth just 32.5p.
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Savers frozen out of second Woodford fund: But he is STILL charging fees 1h 25m Savers frozen out of second Woodford fund: But he is STILL charging fees 
In yet another insult to investors who trusted the once-feted fund manager with their money, the 59-year-old is taking £5,000 a day from customers with savings in the Woodford Income Focus fund.
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Corporate debt timebomb could crash the global economy, IMF warns 1h 25m Corporate debt timebomb could crash the global economy, IMF warns 
After a decade of low interest rates as much as $19trillion of debt is owed by firms that do not earn enough to cover their interest payments, warns the IMF's stability overlord Tobias Adrian (pictured).
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Final PPI claims made before deadline may not be settled until summer1h 26m Final PPI claims made before deadline may not be settled until summer
The City watchdog attempted to draw a line under the mis-selling scandal by setting the August 29 cut-off point. This was accompanied by a high-profile publicity campaign.
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ALEX BRUMMER: Regulators and watchdogs must toughen up their acts1h 26m ALEX BRUMMER: Regulators and watchdogs must toughen up their acts
When Mark Carney remarked that open ended investment funds are 'built on a lie' he wasn't kidding. It is a pity the Financial Conduct Authority and European regulators were not listening carefully.
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MARKET REPORT: Asos shares are back in fashion as they soar 28%1h 26m MARKET REPORT: Asos shares are back in fashion as they soar 28%
Internet fashion retailer Asos suffered months of warehousing problems that have limited how many products it can sell, hampering sales growth. But bosses now insist the worst is over.
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Lidl to spend £15bn on it UK operations over the next five years1h 27m Lidl to spend £15bn on it UK operations over the next five years
Bosses pledged to increase sales of British fresh meat, poultry and fresh produce by more than 10 per cent in the next year and introduce longer contracts with suppliers.
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4h After Woodford, where is the contrition from Hargreaves Lansdown? | Nils Pratley
The Guardian
We expect better than the fan-club tone of the best buy list following its hero’s costly crash and burn What does Hargreaves Lansdown, Neil Woodford’s former cheerleader-in-chief, make of its old hero’s decision
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5h Prospect of Turkish rescue of British Steel raises union concerns
The Guardian
MP fears Turkish military may be ‘enriched on the backs of the labour of UK steelworkers’ Trade union officials and MPs have voiced fresh concerns about the prospect of British Steel being sold to the Turkish military pension fund. Ataer Holdings, owned by the
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5h The Guardian view on the economics Nobel: worthy winners | Editorial
The Guardian
The work of Esther Duflo, Abhijit Banerjee and Michael Kremer on poverty deserved this accolade, but both the prize and the discipline need reformReaders of this paper on 6 June 2011 may have spotted an editorial titled
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5h Updated Jessops owner plans to call in administrators
BBC
The High Street camera chain, owned by Dragons Den star Peter Jones, has seen big rent rises.
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Volvo launches its first electric car - the XC40 Recharge SUV5h Volvo launches its first electric car - the XC40 Recharge SUV
BBC
From 2020, a battery-powered electric Volvo will be the assumed choice of buyers - who will then have to opt for a petrol or hybrid version as an alternative, says the Swedish brand.
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6h £250m in limbo as second Neil Woodford fund frozen
The Guardian
Administrator closes Income Focus fund to withdrawals to prevent run on its assets A second investment fund set up by the failed stock picker Neil Woodford has been frozen, locking up more than £250m of savers’ money. The administrator, Link Fund Solutions, said it had closed the Income Focus fund to withdrawals to prevent a run on its assets. The fund’s value has halved to £252m since June, when Woodford’s flagship Equity Income fund
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6h Minister refuses to rule out extending UK benefits freeze
The Guardian
Freeze imposed in 2015 was planned to last until end of 2019-20 financial year The government has refused to commit to ending its freeze on benefits despite a promise to turn the page on a decade of austerity. The work and pensions secretary, Thérèse Coffey, said she could not give a definitive answer about whether the freeze on most working-age benefits and tax credits would continue beyond its initial four-year term.
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6h Northern rail could be renationalised, says transport secretary
The Guardian
Grant Shapps says it is not OK for trains to fail to arrive or for Sunday services to be lost The Northern rail network could be renationalised after years of late and cancelled trains, according to the transport secretary, who said the current franchise cannot continue as it is. Grant Shapps
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7h Northern rail could be nationalised
BBC
The government is considering whether the management of the train service should be taken into public hands.
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7h Jessops to call in administrators and shut stores as Dragons Den star Peter Jones seeks rescue deal
The Independent
Jessops, which employs around 500 staff in the stores, has suffered widening losses
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8h Grand Designs presenter Kevin McCloud's property business collapses into liquidation
The Independent
Small investors set to lose thousands of pounds each after rescue plans for three of Kevin McCloud's companies fail
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Pensioners to get above-inflation 4% state pension rise in April 20209h Pensioners to get above-inflation 4% state pension rise in April 2020
The Independent
The basic state pension is set to rise by £5.05 a week to £134.25, while those on the full flat rate introduced in 2016 will see their payouts increase by around £6.60 a week to £175.20.
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Raphaels Bank shutting savings account: where should I put my money?9h Raphaels Bank shutting savings account: where should I put my money?
The Independent
A bank which has been around since 1787 has told its customers it is shuttering its savings division and giving them back their money.
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9h Asos profits slump by 70 per cent as push to expand in US and Europe takes its toll
The Independent
Looking ahead, retailer notes UK shoppers' growing appetite for bargains and Brexit impact on consumer confidence
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9h Northern Rail could be renationalised
BBC
The government is considering whether the management of the train service should be taken into public hands.
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9h Updated The UK cities where rent is rising the fastest
BBC
New research reveals a geographical split in how the cost of renting a UK home has changed in a year.
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9h Updated Top London fund manager accused of groping and sexual harassment
The Independent
Women in junior positions at M&G allegedly barraged with sexually explicit text messages, inappropriate comments and unwanted physical contact
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10h World's busiest airport for international passengers set to grow by a third
The Independent
Exclusive: Dubai International could grow to 120 million passengers a year – with no new runways
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10h Asos profits plunge 68% after tumultuous year of IT chaos
The Guardian
Fashion retailer remains upbeat, insisting warehouse and supply issues are resolved Profits at Asos have plunged by nearly 70% in a tumultuous year during which the former stock market darling’s shares plummeted and the online fashion retailer grappled with IT chaos at its overseas warehouses. Sales rose by 13% to £2.7bn in the year to 31 August, but pretax profits fell by 68% to £33.1m.
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10h Global economy faces $19tn corporate debt timebomb, warns IMF
The Guardian
Update on markets lists eight leading countries, including US, China and UK, as vulnerable Low interest rates are encouraging companies to take on a level of debt that risks becoming a $19tn (£15tn) timebomb in the event of another global recession, the
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Want to retire eight years early? Invest your work pension better11h Want to retire eight years early? Invest your work pension better
The Guardian
Millions more of us are now pension savers thanks to auto-enrolment. But how much do you know about where your life savings are being invested, and could they be working harder for you?
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Housebuilder Barratt reassures investors it has put enough cash aside to deal with no-deal Brexit 11h Housebuilder Barratt reassures investors it has put enough cash aside to deal with no-deal Brexit 
The Guardian
The developer finished more than 3,250 homes in the last 15 weeks and is due to sell nearly 13,000 for more than £3 billion over the financial year.
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Property prices continue to rise despite slump in the South East, ONS reveals11h Property prices continue to rise despite slump in the South East, ONS reveals
The Guardian
House prices in Britain remain resilient despite many potential buyer and sellers sitting on the fence ahead of Brexit, official data shows.
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11h Next Labour government will end profiteering by energy companies, saving families hundreds of pounds
The Independent
Had the energy price cap been set in 2017 at the level proposed by Labour, 11 million households would have saved over £600 each so far
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One in three UK automotive firms laying off staff ahead of Brexit, SMMT claims 12h One in three UK automotive firms laying off staff ahead of Brexit, SMMT claims 
The Independent
The SMMT said one in three UK motor firms are laying off staff with Brexit creeping closer, up from one in eight when it last surveyed the industry a year ago.
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12h Royal Mail workers: did you vote to strike?
The Guardian
If you’re a postal worker and CWU member who voted in the latest ballot on industrial action, we want to hear from you Royal Mail workers have voted to strike over job insecurity and employment terms and conditions, raising fears there could be walkouts in the run-up to Christmas. Communication Workers Union (CWU) members backed industrial action by 97% in a turnout of almost 76%. The vote could potentially lead to the first national postal strike in a decade.
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12h Hays Travel owners offer jobs to 2,000 ex-Thomas Cook staff
The Guardian
John and Irene Hays have also reopened 186 of collapsed tour operator’s 555 high street shops The
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Watchdog under scrutiny for not intervening in the Woodford scandal13h Watchdog under scrutiny for not intervening in the Woodford scandal
The Guardian
Neil Woodford was sacked yesterday from running his flagship Equity Income fund. Industry figures question why the Financial Conduct Authority did not act sooner to protect investors.
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VICTORIA BISCHOFF: Greed trumps need at Barclays13h VICTORIA BISCHOFF: Greed trumps need at Barclays
The Guardian
Is it any wonder that savers and investors have so little trust in the financial services sector? From basic needs to investing for their family's future, savers are being let down at every turn.
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14h Labour demands apology from CBI after its 'eye-watering' incorrect estimate on renationalising railways
The Independent
Business organisation's £196bn bill wrongly included cost of buying nation's rail fleet
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The smart meter snoopers already in homes tracking our energy habits 14h Updated The smart meter snoopers already in homes tracking our energy habits 
The Independent
At least 20 companies are being given a share of £20million to develop products that can be used alongside smart meters in a government scheme to let tech firms access families' smart meter data.
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BT charging customers to talk to UK call centres14h BT charging customers to talk to UK call centres
The Independent
If customers want guaranteed access to staff based in the UK and Ireland, they must sign up to the premium package, BT Plus which costs twice as much as BT's standard broadband package
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State pension top-up contributions increase 900% in just two years    14h State pension top-up contributions increase 900% in just two years    
The Independent
The increase is likely to reflect the introduction of the new state pension in 2016, which gave people the opportunity to plug gaps in their National Insurance record through voluntary contributions.
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Free call-blockers to be offered to scam victims after pilot scheme reports a 99% success rate14h Free call-blockers to be offered to scam victims after pilot scheme reports a 99% success rate
The Independent
Up to 2,000 devices are being provided on a first come, first served basis by the National Trading Standards Scams Team. Local authorities and care providers are expected to apply on behalf of victims.
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ASK TONY: Car insurance chaos left me with three policies (and drove me round the bend) 14h ASK TONY: Car insurance chaos left me with three policies (and drove me round the bend) 
The Independent
The cost of my car insurance with More Than increased dramatically to £325. On a comparison site, I found More Than cover for £214. I chose this and paid by credit card.
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ALEX BRUMMER: IMF spreads the gloom over global economics14h ALEX BRUMMER: IMF spreads the gloom over global economics
The Independent
The IMF's new top economist, Gita Gopinath, is not happy about the global economy which is at its weakest in 2019 since the financial crisis and not forecast to do much better next year.
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Banks told to stop betting on sterling as Brexit talks trigger wild swings14h Updated Banks told to stop betting on sterling as Brexit talks trigger wild swings
The Independent
Bank of England governor Mark Carney said the pound could soar or plunge depending on the outcome of talks between the UK and EU. He said banks had been ordered to stay 'neutral'.
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14h John Lewis says Peaky Blinders flat caps and Fleabag jumpsuits in demand
The Guardian
Retailer says hit shows on the small screen are having a big effect on sales. The sofa has become the new fashion front row, with cult television shows such as Peaky Blinders, Fleabag and Stranger Things heavily influencing what consumers bought in the past year. The return of charismatic
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14h Goldman Sachs profit hit by losses on investments in WeWork and Uber
The Independent
Valuation of WeWork has plummeted from $47bn in January to $10-12bn, while Uber's shares are down 24 per cent since company went public earlier this year
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14h PayPal refused protection as a known fraudster bags my £3,100
The Guardian
I lost my Dior tote and eBay refunded me but PayPal is issuing a chargeback
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15h ‘Digital welfare state’: big tech allowed to target and surveil the poor, UN warns
The Guardian
UN’s rapporteur on extreme poverty says in devastating account big tech companies are being allowed to go unregulated in ‘human right free-zones’ and not held accountable
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15h 50 Swiss flights grounded amid Airbus A220 safety fears
The Independent
Engines have shut down in flight three times on Heathrow-Geneva link
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15h Neil Woodford, ousted from Equity Income fund, will close all remaining funds
The Independent
'I personally deeply regret the impact events have had on individuals who placed their faith in Woodford Investment Management,' says one of UK's best-known stockpickers
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16h CBI admits error in £196bn price tag for Labour plans
The Guardian
Party demands apology from lobby group for using ‘fabricated false information’ on nationalisation The
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17h MP Sir Norman Lamb demands apology from FCA boss Andrew Bailey for alleged defamation
The Independent
City watchdog accused high-profile MP of making 'completely untrue' statements in whistleblower row
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18h Brexit: Resolving no-deal risks at UK borders may be 'out of government's control', watchdog says
The Independent
Ministers admit border would be 'less than optimal' for a period of time after no deal
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23h Northern Powerhouse seeks more control of HS2 rail scheme
The Guardian
Business and city leaders warn of economic damage of cancellation and call for 2012 Olympics-style authority A review of
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23h My way to stop boardroom infighting
BBC
CEO Gordon Wilson says his way to stop execs infighting is for people to open up about themselves.
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24h Updated Neil Woodford closes crisis-hit investment empire
BBC
The UK's best-known stockpicker shuts his firm after a crash in the value of his multi-billion-pound funds.
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Hays manages to keep fees stable as it battles an industry downturn 25h Hays manages to keep fees stable as it battles an industry downturn 
BBC
Chief executive Alistair Cox said a global portfolio kept its head above water, with record fees in the US -up 12 per cent - and China - up 7 per cent - despite a trade war between the two.
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28h Thomas Cook ex-boss grilled over £500,000 bonus
BBC
Peter Fankhauser says he was not solely at fault for the firm's collapse but will reconsider the reward.
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28h Thomas Cook bosses clearly had their heads buried in the sand | Nils Pratley
The Guardian
Testimony to MPs demonstrates the level of delusion in the travel firm’s boardroom was spectacular Two hours of testimony from the failed bosses of
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29h No 10 rejected Thomas Cook rescue plan for fear of precedent, MPs hear
The Guardian
Committee attacks board over bonuses and ‘misjudgments’ but directors say a £200m UK loan would have saved firm The prime minister’s office was aware of a financial rescue plan that could have saved Thomas Cook but “didn’t want to set a precedent” by lending the company money, its former boss told MPs, as an inquiry into the tour operator’s collapse got under way. In a
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29h Will Boris Johnson have a deal to put to MPs on Saturday?
The Guardian
After a series of U-turns, there are signs a deal is possible. We look at the potential outcomes
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29h Spain was ready to back Thomas Cook bailout UK rejected, MPs told
The Guardian
Chair spoke to tourism ministers of five countries in week before collapse but not one British minister The prime minister’s office was aware of a financial rescue plan that could have saved Thomas Cook but “didn’t want to set a precedent” by lending the company money, its former boss told MPs, as an inquiry into the tour operator’s collapse got under way. In a
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30h Brexit: Pound and shares jump on optimism over talks
BBC
Sterling hits its highest in five months on reports the two sides are inching towards a draft deal.
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30h Primark warns shoppers not to buy online
BBC
The High Street chain says that it does not have a commercial relationship with Amazon.
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31h Royal Mail union votes in favour of strike action
BBC
Royal Mail faces its first national postal strike in a decade after 97% of votes cast were in favour.
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32h Royal Mail strike: Christmas postal walkout looms as workers vote to back industrial action
The Independent
Staff say company bosses have reneged on a deal reached last year to raise pay and reform pensions
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33h Thomas Cook: a timeline of the slow and painful death of the travel firm
The Independent
Missteps, misfortune and leaks spelled out in chronology of collapse
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33h Drivers to save £1,100 each after crackdown on car finance commissions
The Independent
Payments that incentivise car dealers to sell expensive finance will be banned under proposals
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33h IMF warns world growth slowest since financial crisis
BBC
The International Monetary Fund warns against "policy mistakes" such as tariffs and a no-deal Brexit.
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33h UK house prices will crash by 10% in case of no-deal Brexit, top credit rating agency forecasts
The Independent
Price plunge will be deepest in 2020, with prices also falling in 2019 and 2021 if UK leaves EU without deal this month, S&P says
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36h Thomas Cook ex-boss defends £500,000 bonus payment
BBC
Peter Fankhauser says he was not solely at fault for the firm's collapse but will reconsider the reward.
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37h Woodford fired from flagship fund as investors count losses and the shouting starts
The Independent
Administrator says that the fund, suspended in June, will be closed and its assets sold off on behalf of furious investors
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37h Bank of England warns of business closures and job losses under no-deal Brexit
The Independent
Mark Carney also says Brexit developments over next few days will have 'a material impact' on pound
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37h UK unemployment rises by 22,000 to 1.3 million as jobs market 'buckles
The Independent
'Markedly weaker' jobs market as Brexit and global economic slowdown take toll
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38h Thomas Cook collapse: Brexit and hot weather to blame for firm's failure, says CEO
The Independent
Peter Fankhauser tells Business Select Committee 'I'm not going to decide today' whether to hand back some of his bonus
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39h UK supermarkets selling 'sustainable' Scottish salmon linked to collapse of wild fish stocks
The Independent
Farmed fish at Tesco, Sainsbury's, Aldi, Lidl, Co-op, Tesco, Asda, Iceland, Morrison's, Waitrose and Marks & Spencer linked to destructive practices in Asia and Africa
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40h Neil Woodford's frozen fund will be wound up
The Independent
Mr Woodford is also removed from his position as fund's investment manager with immediate effect
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40h Thomas Cook collapse: former bosses start fundraising to help jobless staff
The Independent
'The people of Thomas Cook were the company's most valuable asset and it's devastating to see them suffer'
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42h One in four young women scared they will be sacked if they report sexual harassment, study finds
The Independent
'There is an inherent power imbalance in the workplace - for young women in particular - especially in the context of zero hours contracts and limited worker rights,' says academic
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14 Oct 7:28pm Staff back at work in former Thomas Cook shops
BBC
Former Thomas Cook staff go back to work in their travel shops.
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