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Tesco delays Clubcard changes after outcry

Tesco is delaying changes to its Clubcard rewards scheme after an outcry from customers over how it would reduce the value of some of its popular voucher offers. Britain’s biggest supermarket said on Monday that it had “simplified” the scheme, which offered shoppers the chance to redeem vouchers at …

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Wagamama and Pret seek to reduce plastic straw usage

Pret a Manger and Wagamama have become the latest companies to announce an end to automatically providing plastic straws.Customers will be offered a paper alternative, and plastic straws will be available only on request.The firms’ decision comes after Theresa May called plastic waste one of the “environmental scourges of …

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New nuclear plant at Sizewell '20% cheaper than Hinkley'

EDF Energy has said it could build a new nuclear power station in Suffolk for significantly less than the near £20bn Hinkley Point C site.Chief executive Simone Rossi said there could be a capital cost reduction of 20% for a proposed new plant at Sizewell, Suffolk.Work has started on …

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Tesco delays Clubcard rewards cut after backlash

Tesco is delaying a cut to its biggest Clubcard rewards after it faced a backlash from customers.The supermarket announced on Monday that the value of its reward vouchers was changing immediately, provoking an angry response on social media.It has now pushed back a drop in the most generous rewards …

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Carillion directors' bonus payments stopped

Bosses at collapsed construction firm Carillion have had their bonus payments halted amid growing anger at bumper payouts. The Insolvency Service revealed payments had stopped when the major public service provider plunged into liquidation on Monday with debts of £1.3bn and a £600m pensions deficit. A spokesman said: “Any …

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Bitcoin dips below $10,000 for first time since December

Bitcoin has traded below $10,000 for the first time since early December.The value of one bitcoin fell to $9,958 (£7,222) before making a slight recovery, according to a price index run by the news site Coindesk.However, it later fell again dipping just below $9,200. That represents a drop of …

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GKN rejects £7.4bn hostile takeover bid

Engineering giant GKN has rejected a £7.4bn hostile takeover bid from Melrose Industries.Turnaround specialist Melrose said it believed it could “deliver significantly greater benefits” to GKN’s shareholders than GKN could on its own.Last week, GKN rebuffed an initial £7bn bid from Melrose because it “fundamentally undervalued” it.It said the …

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