HS2: Five companies on shortlist to build the trains

The Department for Transport has shortlisted five companies to build trains for the new HS2 rail network.Alstom Transport, Bombardier Transportation UK, Hitachi Rail Europe, Patentes Talgo and Siemens are vying for the £2.75bn contract. The winner will design, build and maintain some 54 new high-speed trains. The vehicles, which …

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BT profits dented by sports rights investment

Profits at BT dipped in the second quarter partly due to higher payments for sports rights and a slowdown in its global corporate services division. The company said other factors holding back profits included investment in customer service, and higher pension costs and business rates.Pre-tax profits for the three …

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Donald Trump expected to pick Jerome Powell as Fed chair

President Donald Trump is planning to name Jerome Powell as his choice to lead the US central bank, according to US media reports.Mr Powell, a Republican and multi-millionaire, is already a member of the bank’s board.The president is set to announce his nominee for Federal Reserve chair later on …

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Morrisons notches up more sales growth

Morrisons, the UK’s fourth-biggest supermarket chain, has reported a 2.5% rise in sales for the third quarter.The rise in like-for-like sales, which measures activity in stores that have been open for more than a year, shows the retailer’s recovery is continuing.Sales at the supermarket have now grown for eight …

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Tesla delays Model 3 production in its worst quarter

Electric carmaker Tesla pushed back targets for its new Model 3 car, admitting it’s months behind schedule.Tesla said it would now produce 5,000 of the cars each week by early 2018, instead of December.The new target emerged as Tesla posted its biggest quarterly loss ever, sending its shares down …

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Members only

A new breed of fashionable private members clubs are growing in popularity around the world, promising to be more inclusive and diverse than their stuffy older counterparts.Yet while the newer venues certainly have a far more youthful membership, and you certainly don’t need to have gone to a posh …

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