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Retail woes force hundreds of store closures

Retail woes force hundreds of store closures

Image caption Almost one in five shops in Doncaster is empty Nearly 650 shops and restaurants, run by a handful of major chains, have shut since the start of 2018 or are at risk of closure. Maplin and Toys R Us sites account for half that total, according to analysis by BBC 5 Live’s Wake […]

Google owner Alphabet sees profits soar

Google owner Alphabet sees profits soar

Image copyright Getty Images Profits at Google-owner Alphabet jumped almost 73% in the first three months of the year, as revenues from internet advertising soared. The strong results came despite fears that rising costs and regulation could undermine the search giant’s performance. First-quarter net income rose to $9.4bn (£6.7bn) from $5.4bn a year earlier, beating […]

Government could probe Star and Express newspaper takeover

Government could probe Star and Express newspaper takeover

Image copyright Getty Images Trinity Mirror’s £127m deal to buy the Star and Express newspapers could face a government investigation, the Culture Secretary has said. Matt Hancock said he was “minded” to intervene on public interest grounds, including the need to ensure a “plurality of views” in the media. The Competition and Markets Authority (CMA) […]

Apple’s Shazam deal faces European probe

Apple’s Shazam deal faces European probe

Image copyright Reuters European regulators will launch an in-depth investigation of Apple’s planned $400m purchase of Shazam, the music recognition app developed in the UK. The European Commission said an initial probe found Apple may encourage Shazam users to switch to its own music streaming service following a takeover. Apple Music has about half as […]

Could the royal baby boost the economy?

Could the royal baby boost the economy?

Image copyright AFP Image caption The event proved a cheering one for these royal watchers Spring is here, the sun is shining and a royal baby has arrived making some of us (see photos) feel a bit happier. It seems overdue. Consumer confidence has been dented in recent years as wages have failed to keep […]

Capita to raise £700m as losses deepen

Capita to raise £700m as losses deepen

Image copyright Getty Images Capita has reported a £513.1m annual loss as the outsourcing firm set out plans to revive its indebted business. Capita’s profit was wiped out by £850.7m of one-off costs, mainly from writing down the value of acquisitions made under its previous management. The company said it would raise £701m through a […]

‘TSB gave me access to someone’s £35,000’

‘TSB gave me access to someone’s £35,000’

Image copyright Matthew Neal Image caption Matthew Neal got a shock when he logged onto his TSB account A TSB customer was given access to someone else’s £35,000 savings account, £11,000 Isa, and a business account when he logged onto his account last night. Matthew Neal had simply wanted to check how much he’d spent […]

Vaping firm Supreme to join London stock market

Vaping firm Supreme to join London stock market

Image copyright Getty Images Manchester-based Supreme is set to become the first vaping company to list its shares on the London stock market. The company, which makes vaping liquid for e-cigarettes, plans to list its shares on AIM, a junior market on the London Stock Exchange. Surpreme, which also sells batteries and lighting products, hopes […]

Paradise Papers: Ukraine crime gang hid proceeds in luxury London flats

Paradise Papers: Ukraine crime gang hid proceeds in luxury London flats

Image caption Four apartments in 199 Knightsbridge have been linked to the gang A Ukrainian crime gang used offshore firms in British tax havens to secretly invest millions of pounds in the UK, a BBC Panorama investigation has found. The gangsters, and in some cases family members, bought luxurious property in prime London locations, including […]

Interest rates to rise twice this year, says EY Item Club

Interest rates to rise twice this year, says EY Item Club

Image copyright PA The Bank of England is likely to raise interest rates twice this year and twice in 2019, despite a sluggish economy, says a forecasting body. Bank governor Mark Carney has said a rate rise is “likely” this year, but any increases will be gradual. However, the EY Item Club said a tight […]

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