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Sainsbury’s wins battle to buy Argos

Image copyright PA Sainsbury’s has won its four-month battle to buy Argos after its owner after agreed to a £1.4bn takeover. The supermarket said the deal to buy Home Retail Group would create a “multi-product, multi-channel” retailer with about 200 stores. Sainsbury’s will pay a combination of shares and cash, ...

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North-South house price gap at record

Image copyright Thinkstock Image caption House prices in the South have accelerated House prices in northern England are now less than half those in the south of the country, according to the Nationwide – a new record. On average, a house in the North of England is worth nearly £163,000 ...

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FTSE 100 dips as Sainsbury’s falls

Image copyright Getty Images (Open): London’s leading shares fell early on Friday amid thin trading, with Intercontinental Hotels leading the downward trend. The hotel group fell another 2.4%, one day after going ex-dividend. Another big loser was supermarket chain Sainsbury’s, which dropped 1.5% as investors delivered their verdict on its ...

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Huawei’s profits up more than 30%

Image copyright Getty Images Image caption Huawei’s electronic products like mobile devices are allowed into the US market. Its new premium Huawei Mate 8 costs $644 for the base model. China’s tech giant Huawei said profits for the full year to December rose by 33% from a year earlier, boosted ...

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Confidence lower at Japanese factories

Image copyright Getty Images Japan’s stocks opened lower on Friday after a key gauge of business confidence at big manufacturing firms came in weaker than expected. The Bank of Japan’s (BoJ’s) closely watched Tankan report showed business sentiment sitting at plus six for the three months to March. The previous ...

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National Living Wage comes into force

Image copyright PA The new mandatory National Living Wage (NLW) has come into force, requiring employers to pay workers aged 25 and over at least £7.20 an hour. It is expected to give 1.3 million workers an immediate pay rise. The policy was announced in last summer’s Budget by Chancellor ...

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No joke: It’s national ‘price hike’ day

Image copyright Thinkstock While more than a million workers will be celebrating a pay rise as a result of the National Living Wage, 1 April will see a raft of price rises too. Council tax payers in England will see their bills rise by an average of 3.1%, or £46 ...

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Could UK learn from Norway’s tax rules?

Image caption People’s earnings and taxes have been made public in Norway for 200 years Last July at The Times CEO Summit, David Cameron announced plans to make the top 250 companies in the UK publish the gap between average male and female earnings, in order to try to tackle ...

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California on track for $15 minimum wage

Image copyright Getty Images California is set to be the first US state to raise its minimum wage to $15 per hour after a proposal passed both houses of the state legislature. The bill incorporates a deal Governor Jerry Brown reached in the Assembly, and now goes to Mr Brown ...

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Anbang ‘scraps Starwood Hotels bid’

Image copyright Getty Images Image caption Starwood owns several hotel brands, including Sheraton Chinese insurance firm Anbang has abandoned its bid for Starwood Hotels, ending a bidding war with Marriott, media reports say. On Monday Anbang raised its offer for Starwood to almost $14bn (£9.75bn) as it sought to challenge ...

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McDonalds to open 1,250 China outlets

Image copyright Getty Images McDonald’s is to open 1,250 new restaurants in China over the next five years as it focuses on high-growth markets to boost sales. This would make China the fast food chain’s second-largest market after the US. McDonald’s also wants to open 250 outlets in Hong Kong ...

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GE aims to lose ‘too big to fail’ label

Image copyright Getty Images General Electric’s financing arm – GE Capital- has asked regulators to remove it from the list of institutions deemed “too big to fail” after having shrunk the size of its business. GE said it no longer posed “any conceivable threat to US financial stability”. US regulators ...

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