Author: Nathan Bissitt

House of Fraser (HoF) is aiming to cut around 6,000 jobs and more than half its stores under a plan to save the chain amid the crisis facing the high street The company, whose roots can be traced back to 1849, warned it did “not have a viable future”

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A watchdog says Thames Water customers are to share £120m because of the company’s continuing failure to get a grip on leaks. Ofwat said the company had agreed to repay £65m on top of £55m already incurred for missing commitments it had made to customers to fix

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The cost of Carillion’s collapse to the public purse has been estimated at £148m – and could come in much higher. That is according to a report examining the government’s handling of the stricken construction and outsourcing specialist, which found

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A flying car project has unveiled a model that can be taken for test flights by potential buyers. Kitty Hawk, a start-up company funded by Google co-founder Larry Page, says it is “an exciting first step to sharing the freedom of flight”. The company says

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Stobart Group, the infrastructure conglomerate, will seek to restore order to its warring boardroom by announcing the appointment of a new City broker amid an attempt to oust its chairman. Sky News has learnt that the company, which has been hit by a rebellion led by

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Paul Dacre is stepping down as editor of the Daily Mail newspaper after 26 years in the role. In a statement, Dacre said he had decided to “step back from the responsibilities of day-to-day editing” by his 70th birthday in November. He will become chairman

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TSB chief executive Paul Pester has admitted the bank has lost around 12,500 customers since its IT systems crashed in April. Speaking in front of the Treasury select committee of MPs, Dr Pester also revealed that up to 1,300 TSB customers suffered financial loss due

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The EU says it expects to retaliate next month after the US imposed tariffs on the bloc’s steel and aluminium products, sparking fears of a global trade war. There was shock when the world’s largest economy confirmed it was imposing the duties on the EU,

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The leading contender to take control of Poundworld has ended talks about a rescue deal, casting fresh doubt over the future of the struggling high street retailer and its 5,300-strong workforce. Sky News has learnt that Alteri Investors, which specialises in backing

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Heinz says it is considering changing the name of Salad Cream for the first time in 104 years… to Sandwich Cream. The food giant proposed the rebrand after research found that only 14% of consumers actually use it on salads. Its survey suggested that the

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