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Shares in Grenfell cladding maker sink

Image copyright Arconic Shares in the company that made the cladding used on Grenfell Tower have fallen sharply in New York. Arconic, formerly known as Alcoa, fell more than 7% to $23.76 after the firm said it would stop selling Reynobond PE cladding for use in high-rises. A fire on 14 June killed dozens of […]

Holland & Barrett sold for £1.8bn to Russian billionaire

Image copyright H&B Holland & Barrett, the UK’s biggest health food retailer, is being bought by a Russian billionaire for £1.8bn. L1 Retail, a fund controlled by Mikhail Fridman, is buying the 1,150-store chain from Carlyle, the US private equity firm, the Financial Times reported. Carlyle acquired Holland & Barrett as part of its $3.8bn […]

Takata: Airbag-maker files for bankruptcy

Image copyright Reuters Image caption The faulty devices have been linked to at least 17 deaths globally Japanese car parts maker Takata has filed for bankruptcy protection in the US and Japan. It is facing billions of dollars in liabilities over its defective airbags, which have been linked to at least 17 deaths worldwide. Some […]

Italy forced to bail out two more banks for 5.2bn euros

Image copyright Getty Images Image caption Intesa Sanpaolo will take on the two failing banks’ good assets Italy’s government is bailing out two banks in the Venice region at a cost of 5.2bn euros (£4.6bn; $5.8bn). The move comes two days after the European Central Bank warned that Banca Popolare di Vicenza and Veneto Banca […]

Business confidence on the up, Lloyds survey finds

Image copyright Getty Images Business confidence has jumped to an 18-month high, but companies are having trouble recruiting skilled workers, according to a new survey. The Lloyds Bank Business in Britain report’s confidence index rose to 24% – double the level immediately following the EU referendum last year. The index is a measure of expected […]

Free trade deals for ‘poorest countries’ to be maintained post-Brexit

Image copyright AFP/Getty Images Free trade deals with developing countries will continue post-Brexit, the government has said. The UK will maintain an EU deal, which provides 48 countries with duty-free access to Britain for imports. It means British firms do not pay import tariffs on goods bought from countries such as Bangladesh and Haiti. International […]

Building society’s account deadline axed

Image copyright YBS A deadline for the closure of current accounts with the Norwich and Peterborough (N&P) has been cancelled, with 30% of customers still to receive letters explaining the move. It was announced in January that the building society’s brand is to be abolished, some branches closed, and current accounts shut down. The plan […]

Building society’s account deadline axed

Image copyright YBS A deadline for the closure of current accounts with the Norwich and Peterborough (N&P) has been cancelled, with 30% of customers still to receive letters explaining the move. It was announced in January that the building society’s brand is to be abolished, some branches closed, and current accounts shut down. The plan […]

Building society’s account deadline axed

Image copyright YBS A deadline for the closure of current accounts with the Norwich and Peterborough (N&P) has been cancelled, with 30% of customers still to receive letters explaining the move. It was announced in January that the building society’s brand is to be abolished, some branches closed, and current accounts shut down. The plan […]

Tesco is raising store staff pay by 10.5% over two years

Image copyright Getty Images Hourly pay rates for Tesco store staff will rise by 10.5% over the next two years, the supermarket has said. But pay remains lower than at Aldi and Lidl and overtime pay on Sundays and Bank Holidays is being cut. Currently Tesco workers are paid £7.62 an hour, which will rise […]

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