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50,000 jobs lost or threatened on high street this year

Tens of thousands of jobs have been lost on Britain’s high streets during the first half of this year. According to the Press Association, some 50,000 people have been made redundant or have had their jobs threatened, most of them in the big name chains. Retailers have struggled through …

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Minister hints Brexit transition could be extended

The UK could remain in key elements of the EU beyond the end of 2020 through an extension of the planned Brexit transition period, a top minister has suggested. Business Secretary Greg Clark claimed the government would need to be “guided by the evidence” when it comes to determining …

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Stobart backer floats Leighton-led peace deal

A top City fund manager is trying to broker an 11th-hour peace deal at the warring conglomerate Stobart Group that would involve installing the veteran businessman Allan Leighton as the company’s interim chairman. Sky News has learnt that M&G Investments, which is part of the FTSE-100 insurance giant Prudential, …

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Steel deal: Tata and Thyssenkrupp in merger

Tata Steel and German firm Thyssenkrupp have agreed a merger deal that will create the second biggest steelmaker in Europe. Thyssenkrupp’s executive board approved the plans for “a 50-50 joint venture” to combine the European steel businesses of Thyssenkrupp and Tata Steel. Known as Thyssenkrupp Tata Steel, the merged …

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IFA platform Nucleus to launch £150m float

A funds platform which counts hundreds of independent financial advisers among its shareholders will launch a London float next week that could value it at £150m. Sky News has learnt that Nucleus Financial, which is based in Edinburgh and has more than £13.5bn of assets under administration, intends to …

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