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Bank of England urged to share Brexit plan details

ByNathan BissittJuly 31, 2017

The Bank of England has been urged to share details of how prepared banks and insurance firms are for Brexit.Newly-appointed Treasury select committee chairwoman Nicky Morgan demanded the information, in one of her first moves since taking on the role.In a letter to

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Ex-M&S and Unilever chiefs eye £6bn Flora bid

ByNathan BissittJuly 31, 2017

A former boss of Marks & Spencer (M&S) and an ex-Unilever chief operating officer are being lined up to play key roles in the £6bn auction of Flora and I Can’t Believe It’s Not Butter. Sky News has learnt that Blackstone and CVC Capital Partners,

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Bank of England strike to go ahead

ByNathan BissittJuly 31, 2017

A three-day strike by Bank of England support staff will go ahead from Tuesday after talks at the conciliation service Acas ended without agreement, the Unite union said.Employees are unhappy about a below inflation pay rise of 1%. Protestors are planning to gather

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Household debt warning as borrowing levels soar

ByNathan BissittJuly 31, 2017

A credit rating agency has warned about soaring levels of household debt as Bank of England figures show unsecured borrowing is back above £200bn. The report by Moody’s said lower-income families were “most exposed” to an economic downturn amid clear

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Qatar 'files complaint' with World Trade Organization

ByNathan BissittJuly 31, 2017

Qatar is reported to have filed an official complaint with the World Trade Organization (WTO), aimed at challenging an ongoing trade boycott by Saudi Arabia, Bahrain and United Arab Emirates.The formal step would mark the first step in the WTO’s dispute process.

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Bitcoin rebels risk 'currency trading chaos'

ByNathan BissittJuly 31, 2017

A split in the Bitcoin community is set to create a new incompatible version of the cryptocurrency on Tuesday.A group of insiders is unhappy with existing plans to speed up transaction times.They plan to offer existing investors a matching amount of a new virtual

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Arsenal owner Kroenke's hunting TV app sparks protests

ByNathan BissittJuly 31, 2017

It’s a typical example of the kind of footage that has prompted furious reactions from animal lovers.As two Americans shouldering their guns make their way through the African bush, the emphasis is on relishing the risk and talking up the

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Discovery to buy Scripps in $14.6bn deal

ByNathan BissittJuly 31, 2017

Discovery Communications, owner of the Discovery Channel and Animal Planet, is buying Scripps Networks for $14.6bn (£11.1bn) in a deal that combines two major US television companies. Scripps’ channels include the Food Network and Travel Channel. The two

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Pound at 10-month high on dollar Trump slump

ByNathan BissittJuly 31, 2017

Sterling has been trading against the dollar at levels not seen since September last year – hitting $1.32 at the close of trading in London. Market analysts cited two major factors for Monday’s rally; the sustained weakening of the dollar and the closure

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Kids Company ex-directors facing bans

ByNathan BissittJuly 31, 2017

Business Secretary Greg Clark is to bring proceedings against former directors of the collapsed charity Kids Company charity to have them banned from company directorships.The Insolvency Service names former chief executive Camila Batmanghelidjh, Alan Yentob and seven