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Uber ends Arizona driverless car programme 23 May 5:34pm Updated Uber ends Arizona driverless car programme
BBC
Uber pulls out of the state two months after a fatal accident involving one of its autonomous cars.
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 Bovis Homes hit by shareholder revolt over pay 23 May 5:17pm Bovis Homes hit by shareholder revolt over pay
Daily Mail
Some 37.6 per cent of shareholders voted against the company’s remuneration report. The rebellion was triggered by the decision to bump up the bonus paid to finance director Earl Sibley.
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 Topshop is the latest High Street store to sink into the red 23 May 5:16pm Topshop is the latest High Street store to sink into the red
Daily Mail
The tycoon’s fashion chain, which includes Topman, suffered a £10.9m loss for the 12 months to August 26, compared to a £59.4m profit the previous year.
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 M&S fightback starts here: Chairman lays bare catalogue of failings 23 May 5:13pm M&S fightback starts here: Chairman lays bare catalogue of failings
Daily Mail
M&S has vowed to win back customers after months of brutal cuts and a fundamental overhaul of the business combined with plunging profits and a sales slump.
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23 May 4:58pm The M&S fightback starts here: Brutally frank chairman lays bare catalogue of failings
Daily Mail
M&S has vowed to win back customers after months of brutal cuts and a fundamental overhaul of the business combined with plunging profits and a sales slump.
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23 May 4:55pm Bovis Homes hit by shareholder revolt over pay amid a backlash over boardroom excess
Daily Mail
Some 37.6 per cent of shareholders voted against the company’s remuneration report. The rebellion was triggered by the decision to bump up the bonus paid to finance director Earl Sibley.
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Uber shuts down self-driving operation in Arizona after fatal crash 23 May 3:38pm Uber shuts down self-driving operation in Arizona after fatal crash
The Guardian
The company will focus research efforts on Pittsburgh and continue to test in San Francisco Uber is to shut down its self-driving car programme in Arizona after one of its cars
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 TSB customers were robbed of their life savings after IT debacle 23 May 3:33pm Updated TSB customers were robbed of their life savings after IT debacle
Daily Mail
Fraudsters stole the entire £1,600 in Tracey Best's TSB current account, leaving the mother from Woodbridge, in Suffolk, having to feed her family from tins in her kitchen cupboards.
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Uber shuts down self-driving operation in Arizona two months after fatal crash 23 May 3:25pm Uber shuts down self-driving operation in Arizona two months after fatal crash
The Guardian
The company will focus research efforts on Pittsburgh and continue to test in San Francisco Uber is to shut down its self-driving car programme in Arizona after one of its cars
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23 May 2:22pm Bovis Homes hit by shareholder revolt over pay of interim chief executive
The Guardian
At meeting 37.6% of shareholders voted against remuneration report but it was passed with backing of 62.4% of investors Bovis Homes has suffered a sizeable shareholder revolt over the pay package it awarded its interim chief executive for fighting off two hostile takeover bids and steadying the business after a
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23 May 2:19pm Paddy Power Betfair buys fantasy sports site Fan Duel
BBC
The bookmaker will acquire Fan Duel as it targets the emerging US sports betting market.
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Arcadia owner Tina Green was paid £25m by Taveta despite Topshop slump 23 May 1:53pm Arcadia owner Tina Green was paid £25m by Taveta despite Topshop slump
The Guardian
Company led by Lady Green’s son from first marriage was paid almost £900,000 to manage a redevelopment of unnamed store Tina Green, the wife of
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Tesco to ban non-recyclable plastic packaging by 2019 23 May 1:30pm Tesco to ban non-recyclable plastic packaging by 2019
The Independent
Target 'raises the bar' for fight against pollution, but campaigners say there is a need for the supermarket giant to make a firm commitment on reducing its volume of packaging
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Turkish lira rallies after emergency rate hike 23 May 1:28pm Turkish lira rallies after emergency rate hike
BBC
It comes after the currency hit a record low on fears the government will meddle with interest rates.
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GDPR: What do the endless privacy policy emails mean? 23 May 1:16pm GDPR: What do the endless privacy policy emails mean?
The Independent
Changes to data protection laws being introduced on 25 May will give consumers greater control over businesses' right to retain their personal information
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23 May 12:50pm UK inflation falls to 13-month low, sending pound sliding – as it happened
The Guardian
Cheaper airfares helped to pull Britain’s inflation rate down to 2.4% last month
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Turkish lira dives against the dollar 23 May 12:30pm Turkish lira dives against the dollar
BBC
The Turkish currency hits a record low on fears over the government will meddle with interest rates.
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The answer to Britain’s productivity crisis? Meghanomics | Larry Elliott 23 May 12:28pm The answer to Britain’s productivity crisis? Meghanomics | Larry Elliott
The Guardian
The duchess wants to champion female empowerment. Letting women participate fully in the workforce would be a good startThere’s nothing quite like a
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 FTSE LIVE: UK shares slide back from record high 23 May 12:27pm Updated FTSE LIVE: UK shares slide back from record high
Daily Mail
The FTSE 100 closed down 89.01 points at 7788.44, falling back after two consecutive record closes. Investors appear to be cashing in on the sharp rises to bank some profits.
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23 May 12:11pm Updated Marks & Spencer reports sharp drop in annual profits
The Guardian
Clothing and food sales fall as closure plan incurs £321m bill
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Barclays reported to be exploring merger with Standard Chartered 23 May 11:40am Barclays reported to be exploring merger with Standard Chartered
The Guardian
Reports say talks were a response to pressure from the activist investors Sherborne Barclays has been exploring a potential merger with rival banks including Standard Chartered, according to
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House prices tumble in London against rises across rest of UK 23 May 11:29am House prices tumble in London against rises across rest of UK
The Guardian
London property experts say buyers are “sensing blood in the water”, with sellers forced to cut prices steeply
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23 May 11:13am UK inflation falls unexpectedly to lowest level for a year
The Guardian
Lower airfares helped bring down consumer price index to 2.4% in April, says ONS UK inflation unexpectedly fell further last month to the lowest level in more than a year as lower airfares provided some relief for cash-strapped Britons. Triggering a sell-off in the pound to the lowest levels seen this year, the consumer price index
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23 May 11:07am Updated UK inflation falls to 13-month low, sending pound sliding – business live
The Guardian
Cheaper airfares helped to pull Britain’s inflation rate down to 2.4% last month
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23 May 11:05am Updated Comcast prepares to top Disney’s $52bn bid for 21st Century Fox
The Guardian
US pay TV giant, which is mounting separate bid for Sky, is in ‘advanced stages’ of putting together all-cash offer Comcast has confirmed it is preparing to top Disney’s $52bn (£39bn) bid for 21st Century Fox. The US pay TV giant, which is also mounting
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23 May 10:46am Updated Uber gives drivers sick pay and parental leave
BBC
Taxi app Uber is giving European drivers access to medical cover, sick pay and parental leave.
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Turkish lira plummets against dollar 23 May 10:27am Turkish lira plummets against dollar
BBC
The Turkish currency hits a record low on fears over the government will meddle with interest rates.
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 London property market suffers worst annual slowdown since 2009 23 May 9:28am Updated London property market suffers worst annual slowdown since 2009
Daily Mail
Annually the value of homes was still growing however, with  an increase of 4.2 per cent on March 2017 taking the average price up to £224,000.
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Jaguar Land Rover profits fall as sales slow 23 May 9:25am Updated Jaguar Land Rover profits fall as sales slow
BBC
The UK's biggest car maker reports a drop in profits after slowing sales growth and more business investment.
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23 May 8:54am Mark Zuckerberg to face tax questions in Macron meeting
The Guardian
French president said to be seeking frank exchange with tech bosses including Facebook CEO Fresh from
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 GoldenEye Aston Martin DB5 film car to go under the hammer for £1.6m 23 May 8:46am Updated GoldenEye Aston Martin DB5 film car to go under the hammer for £1.6m
Daily Mail
It's the very car used in the famous opening chase scene of the '90s Bond movie, where 007 dices with arch villainess Xenia Onatopp in her Ferrari 355 through the hills above Monaco.
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 Customers of high street banks face huge unauthorised overdraft fees 23 May 8:27am Customers of high street banks face huge unauthorised overdraft fees
Daily Mail
In the worst case Santander customers are charged £179 for using a £100 overdraft for 30 days. According to Which? banks earn some £1.2bn a year from unauthorised overdraft fees.
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UK house prices fall by 0.2% for March, says Land Registry 23 May 8:10am UK house prices fall by 0.2% for March, says Land Registry
The Guardian
Buyers ‘sense blood in the water’ as annualised inflation for London dips to minus 0.7%
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Dairy Crest invests £85m in cheese factory as overseas demand grows 23 May 8:07am Dairy Crest invests £85m in cheese factory as overseas demand grows
The Guardian
Cornwall creamery expansion to be funded partly by sale of £70m of new shares to institutional investors Dairy Crest has announced plans to invest £85m in the expansion of its cheese factory in Cornwall to meet growing demand for cheddar in markets such as China. The company behind the mature cheddar brands Cathedral City and Davidstow said the investment would be phased over the next five years and funded partly by the sale of £70m of new shares to institutional investors.
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23 May 7:27am M&S close to falling out of FTSE 100 for the first time ever
The Independent
Falling out would be 'hugely symbolic', says analyst
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23 May 7:23am Seven reasons why Marks & Spencer is in trouble
The Guardian
The internet, along with younger, sharper rivals, threaten the dominance of the grande dame of retail Profits are down sharply at
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UK housing market continues to cool 23 May 7:11am UK housing market continues to cool
BBC
Pace of growth slows but the average UK property now costs £224,00 - £9,000 more than March 2017.
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 London property market suffers worst annual slowdown since September 2009 23 May 6:36am London property market suffers worst annual slowdown since September 2009
Daily Mail
Annually the value of homes was still growing however, with  an increase of 4.2 per cent on March 2017 taking the average price up to £224,000.
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Rate rise chances dim as inflation falls 23 May 6:32am Rate rise chances dim as inflation falls
BBC
The prospect of an increase in UK interest rates this year recedes after inflation dips in April.
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23 May 5:56am UK inflation falls unexpectedly to 2.4% in April
The Guardian
Lower airfares helped bring down consumer price index last month, says ONS UK inflation unexpectedly fell further last month to the lowest level in more than a year, as lower airfares provided some relief for cash-strapped Britons. The consumer price index dropped from 2.5% in March to 2.4%, according to the Office for National Statistics (ONS). Economists had expected the annual rate of growth in prices to remain unchanged.
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Rate rise chances dim after inflation fall 23 May 5:46am Rate rise chances dim after inflation fall
BBC
Analysts say the prospect of a rate rise this year has receded after a fall in inflation.
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23 May 5:42am Updated Inflation falls faster than expected to 2.4% to boost wages
Daily Mail
Consumer Price Inflation (CPI) was 2.4 per cent in April, down from 2.5 per cent in March. Analysts had expected the rate to hold steady.
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 Marks & Spencer announces 62 per cent fall in annual pre-tax profits 23 May 5:29am Marks & Spencer announces 62 per cent fall in annual pre-tax profits
Daily Mail
The profits were dragged down by £321.1million in costs linked to a store closure programme. But when adjusted, with costs stripped out, pre-tax profit fell 5.4 per cent to £580.9million.
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UK inflation falls to 2.4%, sending pound sliding – business live 23 May 5:12am Updated UK inflation falls to 2.4%, sending pound sliding – business live
The Guardian
Cheaper airfares helped to pull Britain’s inflation rate down last month
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Marks and Spencer needs better stores, says chief executive 23 May 5:02am Marks and Spencer needs better stores, says chief executive
BBC
Chief executive Steve Rowe says customers need to have a "better experience" when shopping in M&S stores
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Inflation edges lower in April 23 May 5:00am Updated Inflation edges lower in April
BBC
Consumer Price Inflation falls to 2.4% in April - its lowest level since March 2017.
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23 May 4:19am Updated M&S profits slump on store closure costs
BBC
The expense of shutting stores contributes to a big slide in annual profits, as sales keep falling.
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Pound hits five-month low ahead of UK inflation data – business live 23 May 4:14am Pound hits five-month low ahead of UK inflation data – business live
The Guardian
All the day’s economic and financial news, including the latest UK cost of living figures
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 Primark to become biggest clothes retailer in Britain 23 May 4:04am Updated Primark to become biggest clothes retailer in Britain
Daily Mail
Figures from analysts at Global Data suggest M&S’s market share by the end of 2018 will be 7.6 per cent, while Primark’s will be 7 per cent.
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 How you can profit from the rise of talking fridges, smart doorbells 23 May 4:03am How you can profit from the rise of talking fridges, smart doorbells
Daily Mail
Welcome to the smart-home revolution. Within a few years, experts expect most new household appliances will be controlled by our phones and be able to 'talk' to one another.
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Pound hits five-month low ahead of UK inflation report – business live 23 May 4:00am Updated Pound hits five-month low ahead of UK inflation report – business live
The Guardian
All the day’s economic and financial news, including the latest UK cost of living figures
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 Families whose council tax has soared by 563% while their public services have gone to pot 23 May 3:40am Families whose council tax has soared by 563% while their public services have gone to pot
Daily Mail
In Wellingborough in Northamptonshire, a property in band D - the most common council tax bracket - was charged £245 a year in 1993. Now, the annual bill is £1,625.
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 4 in 10 councils force residents to go online to claim vital tax perks 23 May 3:34am Updated 4 in 10 councils force residents to go online to claim vital tax perks
Daily Mail
Research by charity Age UK has found that four in ten councils are telling the elderly and vulnerable that they must go online to claim housing benefit or a reduction in their council tax.
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 Virgin Media overcharged customers early termination fees 23 May 3:16am Updated Virgin Media overcharged customers early termination fees
Daily Mail
The watchdog launched a formal investigation into the telecoms giant last summer into the fairness of its terms and conditions after receiving scores of complaints from customers.
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 Marks & Spencer announces a 62 per cent fall in annual pre-tax profits to £66.8million 23 May 3:14am Marks & Spencer announces a 62 per cent fall in annual pre-tax profits to £66.8million
Daily Mail
The profits were dragged down by £321.1million in costs linked to a store closure programme. But when adjusted, with costs stripped out, pre-tax profit fell 5.4 per cent to £580.9million.
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Marks & Spencer unveils 75 per cent dip in profits as it prepares to close 100 stores 23 May 3:06am Marks & Spencer unveils 75 per cent dip in profits as it prepares to close 100 stores
The Independent
Retailer announced a raft of closures on Tuesday in a bid to deal with problems in clothing business
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23 May 2:42am Updated FTSE 100 index sets new record as it marches towards landmark 8,000 level
Daily Mail
The FTSE 100 ended the day 18.3 points or 0.23 per cent higher at 7877.5 after breaching 7,800 for the first time yesterday..
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Is this a new ADT record – £4,749 to replace three batteries? 23 May 2:00am Is this a new ADT record – £4,749 to replace three batteries?
The Guardian
The alarm company continues to overcharge customers by shocking amounts. Has anyone had an even bigger bill?
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Keolis/Amey wins £5bn Wales rail contract 23 May 1:50am Updated Keolis/Amey wins £5bn Wales rail contract
BBC
Arriva has run the Wales and Borders franchise since 2003 but pulled out of the race in December.
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US to ease crisis-era Dodd-Frank banking rules 22 May 8:16pm Updated US to ease crisis-era Dodd-Frank banking rules
BBC
Supporters say Dodd Frank reform will helps banks grow, but critics warn of a return to reckless behaviour.
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 2220 people a day opened an account with Nationwide last year  22 May 7:26pm 2220 people a day opened an account with Nationwide last year 
Daily Mail
Joe Garner, chief exec, of Britain’s biggest building society, said more than 40 per cent of new accounts opened in the year to April were set up by customers who physically visited branches.
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 How to create a dining room that could sell your home 22 May 7:02pm Updated How to create a dining room that could sell your home
Daily Mail
If you are selling your home you're missing a trick if you have a separate dining room or area and do not show it off to its full potential, say property design experts and estate agents.
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