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Satellite firm Avanti plots $550m debt deal

The London-listed satellite company Avanti Communications will take a big step towards shrinking its mammoth debts on Wednesday when it unveils plans to hand bondholders a $550m equity stake. Sky News has learnt that Avanti, which is one of a number of stock market-quoted businesses wrestling with a glut …

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Deliveroo and UberEats restaurant clients face new rules

Westminster City Council is to force restaurants to seek planning permission if they heavily use food delivery apps. Businesses will face formal enforcement if their deliveries reach too high a volume and disturb local residents.Local cabinet member Daniel Astaire said the services will lead to “traffic chaos” in London …

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Investigation ordered into 'misleading' festive tickets

Transport Secretary Chris Grayling has ordered an investigation after reports rail firms “misled” customers.The watchdog Transport Focus said companies were selling tickets for services over Christmas, despite knowing they will not run.Mr Grayling said was “unacceptable” for passengers to have to pay higher “walk-up” fares at Christmas. Industry body …

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Carpetright shares hit as profit forecast cut

Floor coverings specialist Carpetright has said it expects full-year profits to be at the “bottom end” of expectations amid a “volatile and unpredictable” consumer market. Its comments came as it said profits for the six months to 28 October sank to £0.3m from £4.1m last year.The chain blamed the …

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Ryanair pilots to strike before Christmas

Ryanair passengers face disruption to their Christmas travel plans after pilots and crew announced industrial action in a bid to win union recognition and better conditions. In Ireland, 79 pilots based in Dublin will strike for one day on 20 December.The airline, which does not recognise unions, said they …

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Forties pipeline shutdown 'worth £20m a day'

The shutdown of one of the UK’s most important oil pipelines is worth about £20m a day, the industry body has said.The Forties pipeline carries crude North Sea oil across land for processing at Grangemouth.The crack was discovered last week near Netherley in Aberdeenshire and a 300m safety cordon …

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MoneyTaker hackers reportedly steal £7.5m from ATMs

Russian-speaking hackers are suspected of stealing nearly $10m (£7.5m) from 20 companies in Russia, the UK and US.The MoneyTaker group removed overdraft limits on debit cards and took money from cash machines, according to a report by cybersecurity firm Group-IB.It also stole documentation for technology used by more than …

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Pharma sector could face 'dire situation'

The leading voice in Britain’s pharmaceutical industry has warned the sector is at a “critical juncture” as it hopes for a Brexit deal that can unify regulations between the UK and Europe. Lisa Anson, president of the Association of the British Pharmaceutical Industry (ABPI), told Sky News that firms …

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