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Santander boss named in GRG scandal

Image caption Nathan Bostock, pictured here in 2012, is now head of Santander The boss of one of the UK’s biggest banks has been named in Parliament as being responsible for RBS’s scandal-hit Global Restructuring Group (GRG). Nathan Bostock, who is now head of Santander UK, was named by the ...

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Task force to support Carillion-hit firms

Image copyright Reuters The government is setting up a task force aimed at supporting small businesses and workers affected by the collapse of construction conglomerate, Carillion. Business minister Greg Clark will chair its first meeting later today. The task force will include representatives from business, trade unions, construction trade associations ...

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Amazon shortlists 20 metropolitan areas for new headquarters

Image copyright Getty Images Amazon has released a shortlist of the 20 North American urban areas to be chosen to become the retailer’s second North American headquarters. The proposed site is expected to cost more than $5bn (£3.6bn) and create 50,000 jobs. Cities across the US have placed bids for ...

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How did households budget in 1957?

Image caption Expenditure on smoking has plummeted since the 1950s The Office for National Statistics is marking the 60th anniversary of its regular Family Spending Survey by looking at how our habits and commitments have changed. It returns us to 1957 – the year when John Lennon met Paul McCartney. ...

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Nationwide takes Carillion contract staff

Image copyright Nationwide Building Society Nationwide has said it will take in-house jobs which were performed by staff of the failed outsourcing company Carillion. From next Monday 250 staff, mainly cleaners and maintenance workers, who were on the Carillion payroll will be be employed directly by Nationwide. The lender will ...

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Emirates to buy more A380s in $16bn deal

Image copyright PA The Emirates airline has announced an order for up to 36 Airbus A380s. The $16bn (£11.5bn) deal amounts to a reprieve for the A380 after Airbus threatened to stop making the jet if it could not come to a deal with Emirates. Emirates is the only airline ...

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Costa Coffee’s High Street sales fall

Image copyright WHITBREAD Costa Coffee has reported a fall in sales at its cafes as a result of fewer people visiting UK High Streets. Like-for-like sales, which strips recently opened stores, fell 0.1%, in the three months to 30 November. Costa’s owner Whitbread also warned that sales were expected to ...

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China’s economy grows by 6.9% in 2017

Image copyright AFP/Getty Images Image caption China’s efforts to reduce coal burning in and around Beijing impacted growth in the fourth quarter China’s economy grew by 6.9% in 2017 according to official data – the fastest pace in two years. The figure comfortably beats Beijing’s official growth target of about ...

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Financial secrets

Image copyright Getty Images Your financial information, such as what you spend and where, and how often you go into debt is private. It is information only available to you and your bank. It has been like that for years, but all that is to change. Customers of nine of ...

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Homes plan back-firing, say councils

Image copyright Getty Images Image caption The government wants to develop more offices into homes The scheme to tackle the housing crisis by converting offices to homes is back-firing and should be scrapped, local councils say. A change in the law in 2013 allows developers to convert offices to flats ...

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Modern day slaves

Image caption Peter now works re-stocking shelves in a Co-op store, having escaped from his captors There are at least 13,000 victims of modern slavery living in Britain’s towns and cities, it is estimated. But many argue that the number is probably much higher. Those who escape or are discovered ...

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Ukraine’s secret

Image copyright Getty Images Image caption More than 10,000 people have been killed in the continuing conflict in east Ukraine As war raged in eastern Ukraine in 2014, Yevhen Vovchuk told his bosses at the IT firm where he worked in Kyiv that he was going on vacation. Some probably ...

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