Heatwave gives boost to supermarket sales

Demand for ice cream helps heat up supermarket sales Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Demand for ice cream helps heat up supermarket sales Britain’s June heatwave helped grocery sales accelerate but consumers were left feeling the pinch as price rises accelerated. 11:34, UK, Tuesday 27 June 2017 Image: The hot weather has boosted demand for ice cream Twitter Facebook Google+ Whats App Mail By John-Paul Ford Rojas, Business Reporter Sales of ice cream in the hot weather have helped supermarket sales grow at their strongest pace for more than five years, industry figures show. Growth accelerated to 5% in the 12

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Banks ordered to build up billions in reserves

Banks ordered to build up billions in reserves to guard against shock Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Banks ordered to build up billions in reserves to guard against shock The Bank of England’s Financial Policy Committee is reversing a change made last July which eased rules after the Brexit vote. 10:57, UK, Tuesday 27 June 2017 Image: The Bank of England has published its twice-yearly Financial Stability Report Twitter Facebook Google+ Whats App Mail By Adam Parsons, Business Correspondent The Bank of England will tell the UK’s banking sector to store up billions of pounds as a cushion against future shocks

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Google fined £2bn over shopping service

Google fined record £2bn over shopping service Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Google fined record £2bn over shopping service 11:38, UK, Tuesday 27 June 2017 Image: The EC said Google elevated its shopping service Twitter Facebook Google+ Whats App Mail Google has been ordered to pay a record fine of £2.1bn (€2.42bn) for abusing its dominance as a search engine. The European competition watchdog says the search engine, owned by parent company Alphabet, breached anti-trust rules with its online shopping service. It said Google’s search engine had systematically given prominence to its own comparison shopping service, so that it was displayed

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Co-op Bank close to £700m rescue deal

Co-op Bank close to sealing £700m rescue deal with US hedge funds Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Co-op Bank close to sealing £700m rescue deal with US hedge funds The Co-op Bank has confirmed a Sky News report that it is close to finalising a £700m deal to preserve its independence. 09:33, UK, Monday 26 June 2017 Image: The Co-op Bank nearly collapsed in 2013 Twitter Facebook Google+ Whats App Mail By Mark Kleinman, City Editor The beleaguered Co-operative Bank is closing in on a £700m rescue deal with US hedge funds amid ongoing talks about the separation of the vast

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Holland & Barrett gobbled up in £1.8bn deal

Holland & Barrett gobbled up in £1.8bn takeover Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Holland & Barrett gobbled up in £1.8bn takeover L1 Retail is to take control of the 145-year-old Warwickshire-based business, which has more than 1,000 stores worldwide. 09:02, UK, Monday 26 June 2017 Image: Holland and Barrett is being sold by its US private equity owner Twitter Facebook Google+ Whats App Mail By John-Paul Ford Rojas, Business Reporter Health retailer Holland & Barrett is to be gobbled up in a £1.77bn deal by an investment fund backed by Russian billionaire Mikhail Fridman. L1 Retail is buying the chain from

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Exploding airbag maker files for bankruptcy

Exploding airbag maker Takata files for bankruptcy Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Exploding airbag maker Takata files for bankruptcy The Japanese manufacturer has recalled 100 million airbag inflators after they were linked to deaths and injuries worldwide. 10:56, UK, Monday 26 June 2017 Image: Takata airbags have been at the centre of the biggest ever recall in the car industry Twitter Facebook Google+ Whats App Mail By John-Paul Ford Rojas, Business Reporter Faulty airbag maker Takata has filed for the biggest bankruptcy in Japanese manufacturing history as it faces a multibillion bill from nearly a decade of product recalls and lawsuits.

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Pension fund makes Co-op Bank rescue call

Trustees seek US funds guarantee over Co-op Bank pension scheme Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Trustees seek US funds guarantee over Co-op Bank pension scheme Pension trustees table demands as talks continue over the Co-op Bank’s rescue, Sky News learns. 20:23, UK, Saturday 24 June 2017 Image: The Co-op Bank’s roots can be traced back to 1872 Twitter Facebook Google+ Whats App Mail By Mark Kleinman, City Editor Trustees of the Co-op’s giant pension fund are asking US hedge funds to provide a long-term financial guarantee as part of their plan to save one of Britain’s biggest lenders. Sky News has

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Post-Brexit free trade deals for 48 countries

UK to keep duty-free access for developing countries post-Brexit Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather UK to keep duty-free access for developing countries post-Brexit Duty-free access to the UK for imports from the world’s poorest countries will be maintained after Brexit, the Government says. 10:21, UK, Sunday 25 June 2017 Image: Some £20bn a year of goods are shipped to the UK from 48 developing countries Twitter Facebook Google+ Whats App Mail Britain will maintain duty-free access to its markets once it has left the European Union for goods from dozens of developing countries. Forty-eight developing countries – including Bangladesh, Sierra Leone,

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Competition body to end long wait for new CEO

Competition body to end long wait for new CEO Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Competition body to end long wait for new CEO A Whitehall selection panel has recommended that Andrea Coscelli be named as the CMA’s next boss, Sky News learns. 19:45, UK, Friday 23 June 2017 Image: Andrea Coscelli has emerged as preferred CEO of the Competition and Markets Authority Twitter Facebook Google+ Whats App Mail By Mark Kleinman, City Editor The year-long search for a new boss of the UK’s competition regulator is close to concluding with a decision to appoint its acting chief to the role on

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Consumers locked into 'risky' Hinkley plant

Consumers locked into ‘risky’ Hinkley Point nuclear plant, report warns Search Watch Live Home UK Brexit Trump World Business Politics Tech Entertainment Offbeat Weather Consumers locked into ‘risky’ Hinkley Point nuclear plant, report warns Payments set to be added to consumer bills to fund the nuclear plant have soared to £30bn amid delays in its construction. 05:55, UK, Friday 23 June 2017 Image: An estimated £10-£15 would be added to the average bill up to 2030 to pay for the plant Twitter Facebook Google+ Whats App Mail Consumers are locked into a “risky and expensive project” over the Government deal for a new nuclear power plant at Hinkley Point, the

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