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SFO investigators block sale of properties worth £12m by four men involved LCF savings scandal 16 May 2019, 4:51pm SFO investigators block sale of properties worth £12m by four men involved LCF savings scandal
The Serious Fraud Office has obtained freezing orders against the properties as part of its investigation into the collapse of investment company London Capital & Finance (LCF).
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16 May 2019, 4:51pm Thomas Cook in £1.5bn loss as Brexit woe hits holidays: Debt-riddled travel company plunges
On another bleak day for investors, the debt-riddled travel company also sounded the alarm over the outlook for the rest the year. Shares closed down 14.7 per cent, or 3.38p, to 19.61p.
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UK to scrap passenger landing cards 16 May 2019, 3:26pm Updated UK to scrap passenger landing cards
BBC
Passengers arriving in the UK will no longer have to fill in landing cards from Monday.
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16 May 2019, 2:55pm Metro Bank launches £350m fundraising just months after last one
The Guardian
Bank also moves to quash rumours about financial health that led to customer panic Metro Bank has launched a £350m fundraisinground which is expected to strengthen its balance sheet and quash rumours about its financial health that caused customers to pull cash last weekend. The challenger bank confirmed it was offering shares at a price of £5 each, slightly cheaper than its closing price of £5.36 on Thursday. It is at a steep discount to the £22 per share that investors would have paid before the bank revealed a
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16 May 2019, 2:55pm Metro Bank got there eventually, but this story is not over yet
The Guardian
The bank has undergone a confidence-shaking saga and its chairman must surely go In July last year
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16 May 2019, 2:37pm British Steel staves off threat of collapse – without state help
The Guardian
Troubled firm’s owners and lenders agree to provide fresh funds, securing 4,500 jobs British Steel has
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16 May 2019, 1:02pm How does Labour plan to pay for its energy nationalisation policy?
The Guardian
Taking back control from private shareholders will cost a Labour government billions The Labour Party has announced plans to
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Huawei: China threatens to retaliate over US sanctions 16 May 2019, 12:52pm Updated Huawei: China threatens to retaliate over US sanctions
BBC
US-China tensions have risen after President Trump imposed measures widely thought to target Huawei.
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16 May 2019, 12:47pm Updated Pret a Manger in talks to gobble up Eat to fuel expansion
The Guardian
Company poised to acquire majority of 94 stores for use in its vegetarian division
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Metro Bank announces £350m fundraising to bolster finances 16 May 2019, 12:35pm Updated Metro Bank announces £350m fundraising to bolster finances
BBC
The lender has begun selling new shares to bolster its finances, in bid a to ease fears over its future.
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Rolls-Royce launches £44k champagne chest that has a CAVIAR DISPENSER 16 May 2019, 12:31pm Rolls-Royce launches £44k champagne chest that has a CAVIAR DISPENSER
BBC
Costing the same as a new Mercedes-Benz E-Class saloon, the champagne chest has two ejectable thermal containers that can be used to serve caviar and canapes.
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Bentley publishes seven £200,000 diamond-encrusted BOOKS 16 May 2019, 12:29pm Bentley publishes seven £200,000 diamond-encrusted BOOKS
BBC
The 100 Carat collectors’ editions is part of a wider limited edition run of its tomes which have a combined value of £4.15million.
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FTSE LIVE: Thomas Cook slumps to £1.5bn loss as firms bid for its airline arm 16 May 2019, 12:13pm Updated FTSE LIVE: Thomas Cook slumps to £1.5bn loss as firms bid for its airline arm
BBC
The FTSE 100 closed up 56.56 points at 7353.51 and the pound was at $1.28 against the dollar.
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16 May 2019, 11:51am Burberry to close one in 10 stores worldwide
The Guardian
Clothing company refuses to reveal location of the 38 outlets earmarked for closure
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Five seater self-flying air taxi unveiled 16 May 2019, 11:50am Five seater self-flying air taxi unveiled
BBC
Lilium says the craft, which had its first test flight this month, could travel 300km in an hour.
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DVLA sold 6.8m driver details to parking ticket firms last year 16 May 2019, 11:48am DVLA sold 6.8m driver details to parking ticket firms last year
BBC
The number of driver details sold to private parking companies reached a new high last year, according to analysis of government figures.
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We have £20,000 savings in Metro Bank, is it safe? 16 May 2019, 11:10am Updated We have £20,000 savings in Metro Bank, is it safe?
BBC
Metro Bank has been in the headlines for all the wrong reasons, and even suffered rumours of a bank run last weekend. But nest eggs remain covered by the FSCS up to £85,000, we explain how this works.
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Big holiday companies and their shareholders have got much more to worry about than Brexit 16 May 2019, 11:08am Updated Big holiday companies and their shareholders have got much more to worry about than Brexit
BBC
It has been a torrid week for the travel industry as two of the biggest players in the UK and wider European market reported decidedly shoddy results.
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16 May 2019, 10:45am Updated Thomas Cook blames Brexit after slumping to £1.5bn loss
BBC
Looking ahead to this year's peak season, the stricken travel group said: 'There is now little doubt that the Brexit process has led many UK customers to delay their holiday plans for this summer.'
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The most - and least - reliable used cars revealed 16 May 2019, 9:50am The most - and least - reliable used cars revealed
BBC
Only cars that were between four and 10 years old were included in the results - models that are likely to be out of warranty, putting potential buyers at risk of covering huge garage bills.
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16 May 2019, 9:01am Airbus to look at buying Bombardier Belfast plant
The Guardian
Wing production operation could be run by a third-party supplier, says Airbus CEO Airbus is considering buying Bombardier’s Belfast wing production operation, after the Canadian firm said it was looking to
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BT staff to get £500 in shares every year 16 May 2019, 8:41am BT staff to get £500 in shares every year
BBC
The awards are meant to improve motivation as the firm continues with a difficult turnaround plan.
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16 May 2019, 8:39am UK banks fined €1bn by EU for rigging foreign exchange market
The Guardian
European commission says decision shows ‘collusive behaviour will not be tolerated’ Five banks including Barclays and Royal Bank of Scotland have been fined a total of more than €1bn (£875m) by the European Union for rigging the multi-trillion dollar foreign exchange market. The
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16 May 2019, 8:25am Renationalise the grid and watch energy prices rise, warns boss
The Guardian
National Grid chief says Labour policy will also stall move to cleaner energy as firm unveils £1.8bn profit The chief executive of National Grid has warned that
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Banks fined €1bn by EU for currency rigging 16 May 2019, 7:56am Updated Banks fined €1bn by EU for currency rigging
BBC
The European Commission fines five banks a total of €1.07bn for forming cartels to rig currency trading.
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16 May 2019, 7:51am Updated Trade war: China blasts US over Huawei blacklisting – business live
The Guardian
Rolling coverage of the latest economic and financial news, as America hits Huawei with a double-whammy
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Trump declares national emergency over IT threats 16 May 2019, 7:49am Updated Trump declares national emergency over IT threats
BBC
The executive order to protect US networks from "foreign adversaries" is believed to target Huawei.
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16 May 2019, 7:00am BT staff to gain £500 a year in shares handout
The Guardian
Telecom chiefs hope £50m scheme will rebuild firm’s reputation and morale among 100,000 employees BT is to gift its 100,000 employees with £50m in shares each year as part of a new scheme to boost morale and rebuild the telecom’s image following a troubled couple of years. BT’s new chief executive,
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EU fines banks €1bn for currency rigging 16 May 2019, 6:42am Updated EU fines banks €1bn for currency rigging
BBC
The European Commission fines five banks a total of €1.07bn for forming cartels to rig currency trading.
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Thomas Cook says Brexit hitting holiday plans 16 May 2019, 6:12am Updated Thomas Cook says Brexit hitting holiday plans
BBC
The tour operator reports a huge first half loss and says it has received bids for its airline.
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One in three older workers face age discrimination 16 May 2019, 6:07am One in three older workers face age discrimination
BBC
Some 73% of workers aged in their 50s and 60s feel they can share invaluable experience with colleagues, but 16 per cent say this is not valued by their employer, according to Aviva.
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Ford set to cut 550 UK jobs in Essex as part of operations restructuring 16 May 2019, 6:03am Ford set to cut 550 UK jobs in Essex as part of operations restructuring
BBC
Originally it was suggested that 1,150 staff could be affected, though sources told City A.M. that it will be 500 to 550 'white collar, salaried employees' at Ford UK's headquarters in Essex.
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16 May 2019, 5:04am Updated Trade war: Markets rattled as US blacklists Huawei – business live
The Guardian
Rolling coverage of the latest economic and financial news, as America hits Huawei with a double-whammy
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Torquay house for sale that looks like a medieval castle 16 May 2019, 5:02am Torquay house for sale that looks like a medieval castle
The Guardian
While the grounds and boundary walls of the property in Torquay are Grade II listed, the four-bedroom house was completed in 1992.
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Labour unveils National Grid takeover plan 16 May 2019, 3:43am Updated Labour unveils National Grid takeover plan
BBC
The firm behind the UK's energy networks says the move would delay the switch to green energy.
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Would you buy life insurance from a tobacco company? 16 May 2019, 2:57am Would you buy life insurance from a tobacco company?
BBC
Tobacco giant Philip Morris has come under fire for launching its own life insurance company - but what is the product, and is it any good?
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Does my ex-partner own a part share in my home? 16 May 2019, 2:56am Does my ex-partner own a part share in my home?
BBC
He has instructed a solicitor based on him saying that the only reason he moved in with me was because I said 'I would see him right re owning part of my property'. Lawyer Alexandra Kenyon replies.
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16 May 2019, 2:00am PC World’s warranty was a real lemon
The Guardian
It promised a voucher if I needed a replacement but I was refused when Knowhow failed to fix it
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Are the rich getting richer in the UK and should we worry about inequality? 16 May 2019, 1:00am Are the rich getting richer in the UK and should we worry about inequality?
The Guardian
However you define what a richer or fairer life is, there is no escaping that a concern about inequality is one of the defining features of our times.
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16 May 2019, 1:00am ‘It was like meeting the Pope’: how Peppa Pig became a £1bn global phenomenon
The Guardian
Fifteen years ago, a strange pink farm animal arrived on our TV screens. Today, Peppa Pig has her own theme parks and devoted fans around the world. What is the secret of her success? If the story of the
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16 May 2019, 1:00am UK energy companies fail to promote women to executive roles
The Guardian
Male-dominated boards due to lack of flexible working and unconscious bias, report finds Leading UK energy companies are failing to promote women into senior roles, figures show. Just 6% of executive board seats are filled by women, and 42% of major energy firms have no women on their boards at all.
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16 May 2019, 1:00am NHS emergency blood deliveries could be hit by courier strike
The Guardian
About 100 workers for the Doctors Laboratory plan to strike over pay cuts and contract changes Emergency blood deliveries to large hospitals, including London’s Great Ormond Street and Guys, as well as Addenbrooke’s in Cambridge, could be hit when couriers go on strike next week over pay and conditions. About 100 cyclists, motorcyclists and van drivers who work for the Doctors Laboratory (TDL), a company that provides pathology services to the NHS, are planning to go on strike for two days, after pay cuts and contract changes despite
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16 May 2019, 1:00am Not milking it: how vegan cheese finally caught up with modern appetites
The Guardian
Like other facets of the mushrooming plant-based foods industry, sales of vegan cheese have skyrocketed in recent years At first glance, Riverdel is more or less indistinguishable from any other gourmet food shop in Brooklyn. Shelves along one side of the narrow space are lined by boxes of gluten-free pasta, artisanal chocolate bars, no-added-sugar ketchup, shakers of nutritional yeast and jars of small-batch vodka sauce. On the other side is a refrigerated display case containing what appears to be a motherlode of dairy products – jalapeño cream cheese, blocks of feta and bloomy-rinded wheels of camembert – that spill from its cool confines. But look closer, and the Riverdel difference becomes clear in the fine print of the ingredients lists: the cream cheese is made from butter beans and coconut oil, the feta from coconut oil and potato starch. The camembert? Cultured sunflower seeds. They are but three of the 50-odd non-dairy cheeses, milks and yogurts for sale at Riverdel, a four-year-old vegan cheese and sandwich shop.
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What has happened to energy since privatisation? 15 May 2019, 10:08pm What has happened to energy since privatisation?
BBC
What has happened to bills, profits and how the UK compares with the rest of the EU?
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15 May 2019, 9:52pm Weinstein Company seeks to liquidate to end bankruptcy, court papers show
The Guardian
Company had about 100 employees when it filed for bankruptcy last March, at the time listing $500m to $1bn in liabilities The Weinstein Company said it plans to liquidate in bankruptcy, as it tries to resolve civil lawsuits against former directors and officers arising from sexual misconduct claims against the onetime Hollywood mogul. Lawyers for the company, once run by
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Government announces new register for retail landlords 15 May 2019, 7:03pm Government announces new register for retail landlords
BBC
New BBC research into who owns the High Street prompts government announcement on a new register for landlords.
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15 May 2019, 7:01pm Limit HS2 speeds and move terminus to cut costs, say Lords
The Guardian
Report casts doubt on £56bn budget and says savings should be made to fund northern rail
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