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Selfridges defies High Street gloom with sales increasing 6% to £1.85bn 8 Oct 2019, 6:57pm Selfridges defies High Street gloom with sales increasing 6% to £1.85bn
The department store chain shrugged off the retail malaise to increase sales by 6 per cent to £1.85bn for the year to February 2019. But profits slipped to £170m, from £175m.
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Competition watchdog raps guitar firm Fender for restricting discounting 8 Oct 2019, 6:56pm Competition watchdog raps guitar firm Fender for restricting discounting
In a provisional decision the Competition and Markets Authority said that between 2013 and 2018 Fender attempted to limit online discounts. Casio was fined £3.7m in August for a similar practice.
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ALEX BRUMMER: Hong Kong takes a hike 8 Oct 2019, 6:55pm ALEX BRUMMER: Hong Kong takes a hike
Over the last couple of decades  the London Stock Exchange has resisted takeover bids from every continent. After each affray it has come back stronger with the share price up.
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Vodafone pledges to open 24 stores this year and another 50 in 2020  8 Oct 2019, 6:55pm Vodafone pledges to open 24 stores this year and another 50 in 2020 
Expansion in the UK comes despite plans to slash more than 1,000 shops across Europe. Boss Nick Read said the firm needed to improve its shops to keep up with Amazon and Apple.
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Trade wars and Brexit taking toll on global economy, says new IMF boss 8 Oct 2019, 6:55pm Trade wars and Brexit taking toll on global economy, says new IMF boss
In her first speech as head of the global watchdog, the IMF's new boss Kristalina Georgieva told world leaders that they must 'fix the fractures in the global economy'.
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8 Oct 2019, 4:29pm Updated Triumph Furniture of Merthyr Tydfil folds with 252 job losses
BBC
The family-run business, established in 1946, supplied more than 600 furniture resellers.
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Why did Lloyds Bank stop my cheque after 60 years of business? TONY HETHERINGTON investigates  8 Oct 2019, 3:20pm Why did Lloyds Bank stop my cheque after 60 years of business? TONY HETHERINGTON investigates 
BBC
I am a partner in my family's farming business. We received a cheque for £23,256 for shares in Dairy Crest. But after it was deposited in the business account, Lloyds Bank rejected it.
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8 Oct 2019, 2:41pm Hong Kong stock exchange bid for LSE was least credible of the lot | Nils Pratley
The Guardian
Shortcomings in failed £32bn approach were evident from the outset Blink and you missed it. The Hong Kong stock exchange’s
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8 Oct 2019, 2:06pm Updated UK productivity suffers worst drop in five years
BBC
Both services and manufacturing saw a fall in the second quarter of the year, official figures show.
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8 Oct 2019, 1:36pm Corporations told to draw up climate rules or have them imposed
The Guardian
Bank of England governor gives firms two years to agree rules for reporting climate risks The governor of the Bank of England has warned major corporations that they have two years to agree rules for reporting climate risks before global regulators devise their own and make them compulsory. Mark Carney said companies should use their next two annual financial reports to road test how they document
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8 Oct 2019, 1:26pm More than a quarter of women have never requested pay rise and find process 'awkward', study finds
The Independent
'Research has shown that even when women do ask for a pay rise they are judged more harshly than men and less likely to get one,' says campaigner
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8 Oct 2019, 1:01pm Pound slumps against euro and dollar as Brexit chaos bites
The Guardian
Sterling falls to lowest level in more than a month in sign that fears for economy are growing The pound has slumped to its lowest level in more than a month, as hopes fade that a Brexit deal will be struck. With weeks left before the 31 October Brexit deadline,
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8 Oct 2019, 12:01pm Barclays bosses lied about Qatar payments, court told
The Guardian
Banking executives on trial at Old Bailey for actions during 2008 financial crisis Top executives at Barclays agreed to lie about the payment of hundreds of millions of pounds to Qatar in 2008 in order to secure “vital” investments for the bank and avoid a public bailout that would place it under UK government control, a court has heard. The claims were made in an opening statement by prosecutors for the Serious Fraud Office (SFO) in the second trial against three former Barclays bosses. It is the only criminal case in Britain to be brought against banking executives for their actions during the financial crisis.
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8 Oct 2019, 10:31am UK farmers 'betrayed' by government's Brexit tariff plans that risk flooding UK with lower-quality imported food
The Independent
British goods face tariffs of up to 60% while many imports won't be charged any under latest Tory plans
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8 Oct 2019, 10:00am Nations must unite to halt global economic slowdown, says new IMF head
The Guardian
In her first speech, Kristalina Georgieva says looming crisis requires coordinated response The new head of the International Monetary Fund has told squabbling nations to forget their differences and prepare a united response to the most serious threat to the global economy since the
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8 Oct 2019, 9:51am Barclays blow to Post Office banking
BBC
The decision not to let its customers withdraw money from Post Office counters is described as "shocking".
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8 Oct 2019, 9:28am Essex gets a link to India
The Independent
Air India announces new route from Stansted to Amritsar
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8 Oct 2019, 8:10am Business news live: Pound plunges amid Brexit turmoil as Boris Johnson admits EU deal in tatters
The Independent
Follow latest updates as government tries to mitigate risk of recession after no-deal
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8 Oct 2019, 8:02am UK productivity falls at fastest pace in five years as Brexit dents investment
The Guardian
Boris Johnson claims issue is a priority but Labour says figures are a ‘damning indictment’ The productivity of British workers fell at the fastest pace for five years in the second quarter of 2019, amid mounting concerns over the impact of Brexit uncertainty on the economy. The
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8 Oct 2019, 8:01am Updated No-deal Brexit would push UK debt to 50-year high, says think tank
BBC
Government borrowing would reach its highest level in more than half a century, a think tank warns.
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One Savings and Charter Savings merge but keep double FSCS protection  8 Oct 2019, 7:10am Updated One Savings and Charter Savings merge but keep double FSCS protection 
BBC
Savers who hold money with both Charter Savings and One Savings, under the Kent Reliance brand, will retain the maximum cash protection limits for both - up to a total of £170,000.
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8 Oct 2019, 7:00am Updated Business news live: Brexit uncertainty pushes pound to three-week low, as Honda Logistics UK plant set to close
The Independent
Follow latest updates as government tries to mitigate risk of recession after no-deal
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8 Oct 2019, 6:44am UK productivity posts sharpest fall in five years, boding ill for pay rises
The Independent
Bank of England attributes recent weakness in productivity mainly to Brexit
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8 Oct 2019, 5:55am Barclays halts bank branch closures in remote areas and launches new cashback scheme
The Independent
'Pop-up' banking facilities to help communities will also appear at 300 locations by the end of 2021
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Samsung and Bulb Energy team up to announce new energy control service 8 Oct 2019, 5:47am Samsung and Bulb Energy team up to announce new energy control service
The Independent
It tells users exactly how much they have spent in a day on energy, at what time of the day they have used the most energy as well as seeing how much energy each device has used.
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8 Oct 2019, 5:43am Chinese TV scraps plans to show NBA exhibition games
BBC
The row over a tweet from Houston Rockets boss Daryl Morley supporting Hong Kong protesters intensifies.
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8 Oct 2019, 5:33am Updated London Stock Exchange sees off takeover bid as Hong Kong rival abandons £32billion approach
BBC
HKEX said it will not be making a firm offer after failing to win over the LSE board during initial talks.The decision to walk away comes less than a month after the surprise move.
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8 Oct 2019, 5:15am Hong Kong drops £32bn bid for London Stock Exchange
The Guardian
Bidder says it has been ‘unable to engage’ with the LSE management on the deal The Hong Kong stock exchange has abandoned its £32bn takeover offer for the London Stock Exchange after being “unable to engage” with management on the deal. The announcement by Hong Kong Exchanges and Clearing (HKEX) came nearly four weeks after the
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8 Oct 2019, 5:12am Updated Lorry import tariffs to be cut in no-deal Brexit
BBC
The move comes after the Road Haulage Association pushed the government to axe the tariff altogether.
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8 Oct 2019, 4:40am Business news live: Brexit uncertainty pushes pound to three-week low, as Boris Johnson unveils low-tariff plans for no-deal
The Independent
Follow latest updates as government tries to mitigate risk of recession after no-deal
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8 Oct 2019, 4:38am Updated Hong Kong drops £32bn bid for London Stock Exchange
BBC
The London Stock Exchange Group had rejected the bid, which it said fell short of a fair valuation.
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8 Oct 2019, 4:12am EasyJet says BA and Ryanair strikes have boosted its profits
The Guardian
Airline says headline pretax profits will be £420m to £430m, down on last year’s £578m EasyJet has been given a lift by recent strikes at rivals British Airways and Ryanair, which boosted its revenues and profits. The budget airline expects to make headline pretax profits of £420m to £430m for the year to 30 September. This is at the top end of City forecasts but will still be below last year’s profits of £578m.
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8 Oct 2019, 3:16am Honda Logistics UK to close in 2021, putting hundreds of jobs at risk
The Independent
Announcement comes months after Honda said it will shut down Swindon car plant, main customer of Honda Logistics UK
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8 Oct 2019, 3:10am Recruitment firms issue profit warnings as Brexit and Hong Kong protests bite - business live
The Guardian
Rolling coverage of the latest economic and financial news, as PageGroup and Robert Walters both suffer falling UK profits
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8 Oct 2019, 2:40am Five-year buy-to-let mortgage means landlords qualify with lower rent
The Guardian
Previously landlords have had to choose between committing to a mortgage deal for at least five years or facing stringent affordability rules which can limit how much they can borrow.
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8 Oct 2019, 2:00am Why can’t HSBC help me unlock my John Lewis credit card account?
The Guardian
I’ve phoned the bank three times, but I haven’t been able to geet in since a security update
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8 Oct 2019, 12:38am Government debt set to rocket to levels not seen since the 1960s in event of a no-deal Brexit, Institute for Fiscal Studies warns
The Independent
'The government is now adrift without any effective fiscal anchor,' says director Paul Johnson
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7 Oct 2019, 8:09pm US blacklists 28 Chinese companies and government agencies over Uighur repression
The Guardian
Xinjiang Police College and video surveillance company Hikvision among those blacklisted for implications in human rights violations The US Commerce Department said on Monday it was putting 28 Chinese public security bureaus and companies – including video surveillance company Hikvision – on a US trade blacklist over Beijing’s treatment of Uighur Muslims and other predominantly Muslim ethnic minorities. Those added to the so-called “Entity List” include the Xinjiang Uighur Autonomous Region People’s Government Public Security Bureau, 19 subordinate government agencies and eight commercial firms, according to a Commerce Department filing. The companies include Zhejiang Dahua Technology, IFLYTEK Co, Xiamen Meiya Pico Information Co and Yixin Science and Technology Co.
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7 Oct 2019, 7:12pm Can UK bookseller James Daunt revive Barnes & Noble?
BBC
Waterstones boss James Daunt has taken charge of America's biggest bookseller, the ailing Barnes & Noble.
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7 Oct 2019, 7:05pm IFS: No-deal Brexit would push UK debt to 50-year high
BBC
Government borrowing would reach its highest level in over half a century, the think tank warns.
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