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Ailing Carillion puts administrator on standby

Carillion has put one of the big four accountancy firms on standby to oversee an administration of the construction giant in a further signal of the precarious state of its finances. Sky News has learnt that EY and PricewaterhouseCoopers were asked to compete for the role as administrator to …

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Could £7bn offer prompt GKN to split in two?

Could one of the oldest names in British industry be poised to break itself in two? It’s looking possible. GKN, the car parts and aero-engineering group, is contemplating the radical move after rejecting a £7bn takeover approach from turnaround specialist Melrose that it has dismissed as “opportunistic”. GKN is …

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CES 2018: Were robots more than a gimmick at the tech show?

Media playback is unsupported on your device If you’ve ever wanted a robot to do the vacuuming, then the CES tech show has something for you.The Aeolus robot is designed to perform a range of household tasks – including mopping floors, rearranging furniture and putting away dishes.However, like many …

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China shuts Marriott's website over Tibet, Taiwan error

China has shut down the Chinese websites of Marriott International for a week, after the firm listed Tibet and others as separate countries. The hotel group has apologised for the error and said it did not support separatist movements in China. Tibet, Taiwan, Hong Kong and Macau were listed …

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HMRC 'hit by Brexit and Paradise Papers'

MPs are “far from confident” that HM Revenue and Customs can deal with the tax avoidance allegations made in the wake of the Paradise Paper leaks.The public accounts committee said the department would also struggle to deal with the pressure of Brexit and its own internal changes.HMRC believes Brexit …

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Facebook plans major changes to news feed

Facebook is to change how its news feed works, making posts from businesses, brands and media less prominent.Instead, content that sparks conversations among family and friends who use the site will be emphasised, explained chief executive Mark Zuckerberg on his page.Organisations on Facebook may see the popularity of their …

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Rail strikes hit Northern, Greater Anglia, South Western and Merseyrail

Fresh strikes are expected to cause more disruption for rail passengers in the latest 24-hour walkout over safety.RMT union members at Northern, South Western Railway, Merseyrail and Great Anglia are taking action for the third time in less than a week.The union says scrapping guards and introducing driver-only operated …

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