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Carpetright shares floored after profit warning

Carpetright has become the latest UK retailer to issue a post-Christmas profit warning, its second in as many months, blaming a “sharp deterioration” in trade. Shares in the specialist carpet and floor coverings retailer slumped 48% on opening – an hour after the company said it had adjusted its …

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HSBC to pay $101.5m to settle currency probe

HSBC has agreed to pay $101.5m (£73m) to settle a US criminal investigation into the rigging of currency transactions. The case, brought against the UK-based bank by the Department of Justice in New York, centred on the activities of traders accused of using confidential information provided by clients to …

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Carillion hired BHS pension chief ‎before collapse

The pension trustee who oversaw negotiations with Sir Philip Green over BHS’s retirement scheme deficit was parachuted in to advise on the crisis at Carillion days before the construction group collapsed. Sky News has learnt that Independent Trustee Services (ITS), which is run by Chris Martin, was appointed‎ earlier …

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Macron: UK must pay for City deal after Brexit

Emmanuel Macron has warned Theresa May the UK will have to pay into the EU’s coffers in order to secure a Brexit trade deal on financial services. Speaking alongside the Prime Minister during his first visit to Britain since being elected, the French President insisted he was “here neither …

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Ministers set up Carillion collapse task force

Ministers have set up a task force involving businesses and trade unions to support companies and workers affected by the collapse of Carillion. The construction and outsourcing giant, employing 43,000 people including 20,000 in Britain and engaged in a variety of public sector contracts, went into liquidation earlier this …

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Is a split brewing at Costa Coffee owner?

It seems to be quite the season for major companies to contemplate breaking themselves up. On Tuesday, General Electric, one of America’s biggest and longest-established conglomerates, said it was considering a split. On Wednesday, Rolls-Royce, the aircraft engine maker, announced it was prepared to sell its loss-making marine division, …

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