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Car finance: Barclays becomes first big lender to offer payouts for mis-selling of loans
Amid an ongoing legal battle over an industry-wide compensation scheme for victims of the UK's car finance scandal, Barclays has become the first big UK lender to break cover and begin offering payouts to some customers…
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Cold war: UK food suppliers hit by European cyberattacks
The National Cyber Security Centre ( NCSC) confirmed on Tuesday that vulnerable refrigeration technology had been exploited in a small number of incidents in Britain, after hackers remotely manipulated supermarket fridge…
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Meet the woman trying to fix hospitality’s toxic kitchen culture
But for once, cost pressures weren’t top of the agenda. Instead, chefs and restaurateurs looked at how to raise standards across the workplace, and how to shake hospitality’s very real image problem. The event was put on…
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Virgin Media O2 to cut thousands of jobs as it plans £800m cost savings
The company did not specify how many jobs this will equate to, but it could be as many as 25% of its 16,000 workforce. "While we will give a fuller update on the new strategic plan in the coming months, we are already…
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UK ‘risks losing quantum champions’ without government backing
His warning comes just weeks after Universal Quantum raised $100m in the UK’s largest quantum Series A funding round, with the company securing most of its backing from overseas investors. The company has also unveiled a…
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PwC names new head to lead Business Services practice
The practice advises businesses, including law firms, consultancies, and recruitment agencies, on issues such as retaining talent, adopting technology, and reducing overheads to help firms grow and scale. The move…
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Drivers may get compensation offers before car finance saga ends
Regulator the Financial Conduct Authority (FCA) said it would welcome lenders making settlement offers as long as customers were not given a worse deal than under its proposed central scheme. That scheme is facing a…
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UK’s most polluting power plant could power country’s largest AI datacentre
The power plant's FTSE 250 owner has struck a deal with the infrastructure investor Brookfield and and the AI infrastructure platform Radiant to develop a datacentre with an eventual capacity of more than 1 gigawatt…
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UK-EU draft deal aims to scrap red tape on food exports
The existing Sanitary and Phytosanitary Agreement is being called into question. This deal aims to remove: £200 Export Health Certificate requirements £25 phytosanitary certificates Inspector fees Organic certificates…
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