UK interest rates increase expected after services sector activity accelerates
Officials at the Bank have become concerned about inflation after the consumer prices index (CPI) rose from 3.1% in August to 3.5% in September . While the nine-member monetary policy committee (MPC), which sets interest…
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City of London defends Hampstead ponds trans policy in court
The charity Sex Matters is challenging the Square Mile authority’s rules the grant access to facilities at the North London swimming ponds in court on gender identity rather than sex in the High Court. In June, the…
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Government intervenes in Sky’s £1.6bn ITV takeover
Nandy confirmed on Wednesday that she had issued a Public Interest Intervention Notice (PIIN), instructing the Competition and Markets Authority (CMA) and media regulator Ofcom to look into the proposed deal. Both…
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Nationwide launches top-rate fixed-rate savings account – but is your money better off in an ISA?
The building society’s new 30-month Member Exclusive Bond is available to existing Nationwide and Virgin Money customers. You need to have had a personal current account, mortgage, savings account or business savings…
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M&S boss bemoans last week’s budget as ‘whole lot of nothing’
He said the chancellor's "real terms" freeze on business rates, for example, would lead to an additional £10m on M&S's existing £170m rates bill. Machin also criticised plans for the "most ridiculous" deposit return…
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Rafael Nadal joins Real Madrid board of directors
The 22-time Grand Slam-winning Spaniard already serves as an honorary member of the club and his new position on the board has been described as a “great source of pride” for Real Madrid. “His figure represents much more…
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T100 Triathlon finale still set for Qatar despite Saudi race postponement
Conflict in the Middle East has plunged numerous sports events into uncertainty and this week caused organisers to shelve plans for the Saudi T100 in Jeddah on 27 and 28 November. Scheduled races in Dubai on 14 November…
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BMW warns on profits as it counts cost of plan for 8,000 job cuts
The company is the latest to issue a profit downgrade in the German car sector, after Mercedes-Benz last week cut its profit outlook. Western automakers have struggled to keep pace with lower-cost Chinese rivals, which…
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The parliamentary bill that could speed up the FCA
And remember the outcry when some were accused of jumping the queue to see Queen Elizabeth II lying in state? Queuing isn’t just a tradition but says something about our sense of fairness. But we have all been in a…
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Canva announces sweeping job cuts after ‘hardest year yet’
The shake-up will affect 1,271 employees, equivalent to 22 per cent of its workforce, through redundancies, relocations and changes to existing roles. Co-founder and chief executive Melanie Perkins described the decision…
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