Accounting watchdog launches enquiries into Man City auditor BDO
In a letter to the government’s business committee, penned by the newly appointed chair, Dame Jayne-Anne Gadhia, the FRC said it is conducting “preliminary enquiries” to determine if there are grounds for a formal…
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Elon Musk confirms he is considering merging Tesla and SpaceX
"Do I think it would be a good idea? Yes," Musk said during a call with financial analysts to discuss SpaceX's latest results on Tuesday. While Musk noted it could not be assumed a merger will go ahead, and it would need…
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What is happening to UK prices?
The rise was slightly higher than economists had predicted, driven by higher petrol and diesel prices. Inflation is widely expected to rise again in the coming months. What is inflation? Inflation is the increase in the…
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UK approves Jackdaw gasfield in North Sea
The companies resubmitted their applications for environmental approval earlier this year. The decision on Jackdaw had been expected last month but was delayed , seemingly to take it beyond the Holborn and St Pancras…
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Aim-listed tech company agrees huge takeover deal
This represents a staggering 80.9 per cent premium on Ashtead’s closing share price of 340p on 22 September. The group’s board considered the acquisition to be “fair and reasonable ” and a “compelling opportunity” for…
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Domino’s Pizza loses pace after World Cup rush
The London-listed firm posted sales growth of 2.3 per cent in the three months to the end of September, slowed from 5.2 and 4.5 per cent in the previous two quarters. Domino’s said it saw “positive benefits” from the…
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UK debt pile exceeds £3 trillion one week before Healey’s Budget
The size of the UK public debt topped £3 trillion in September for the first time in official data released one week before John Healey’s Budget. The major milestone reflects the difficulties facing the Chancellor ahead…
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UK government approves Jackdaw production in North Sea boost
A major gas field in the North Sea has been re-approved by the government following years of legal rows with environment campaigners. The Jackdaw site, a large offshore natural gas field 150 miles east of Aberdeen, has…
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Inflation leaps above expectations to 3.5 per cent
Inflation jumped to 3.5 per cent in the 12 months to September as the UK economy looks set to suffer the damaging effects of energy price increases caused by the Iran war over the coming months. The consumer price index…
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How might Andy Burnham tackle Thames Water debacle?
Here are some ideas the prime minister is being urged to consider. Emergency legislation Burnham must introduce emergency legislation immediately to protect the supply of water for the public, said Richard Murphy, tax…
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