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Archive for October, 2016

Mark Carney is ‘right man for the job’, PM believes

October 31, 2016

Prime Minister Theresa May believes Mark Carney is the right person to be Bank of England governor, her official spokeswoman has said. Mrs May is “supportive” of him continuing in his role until 2021. Pressure has been building on Mr Carney to clarify how long he intends to stay in the job. Newspaper reports over […]


Sony cuts annual profit outlook by 10%

Sony has cut its annual profit forecast by 10% due to one-off costs from the sale of its battery business. The Japanese electronics giant will sell the unit to Murata Manufacturing and said it expected to book impairment charges of 33bn yen linked to the sale. The firm now expects operating profits of 270bn yen […]


Ad firm WPP warns of ‘Brexit anxiety’

Advertising giant WPP has said slowing revenue growth in the UK may indicate “the first signs of Brexit anxiety”. Overall, it reported third-quarter revenues of £3.6bn, up 3.2% compared with last year, down slightly from the 3.5% growth rate in the second quarter. But in the UK, revenues grew just 2.1% in the third quarter, […]


New pound coin: Firms told to prepare for redesign

Image copyrightPA Businesses should get ready now for the introduction of the new 12-sided pound coin, the Treasury has said. A new website is urging firms to adapt their equipment and train their staff in preparation for the arrival of the new coin in March 2017. All machines accepting cash, whether it’s in exchange for […]


Apple raises computer prices in UK

October 28, 2016

Apple has increased the prices of its laptop and desktop computers in the UK by hundreds of pounds. On Thursday, the company unveiled new Macbook Pro laptops, with prices similar to the US after currency conversion and addition of UK VAT. But the company also increased the prices of its older computer products, including the […]


Royal Bank of Scotland sees more losses in third quarter

Royal Bank of Scotland has reported a £469m loss for the July-to-September period as “legacy issues” continue to overshadow its performance. The bank received a £45.5bn bailout during the financial crisis and has been tackling a range of problems. But once restructuring costs and provision for litigation were excluded, the bank made an adjusted quarterly […]


Uber drivers win key employment case

Uber drivers have won the right to be classed as workers rather than self-employed. The ruling by a London employment tribunal means drivers for the ride-hailing app will be entitled to holiday pay, paid rest breaks and the national minimum wage. The GMB union described the decision as a “monumental victory” for some 40,000 drivers […]


US economic growth rate fastest for two years

The US economy grew at the fastest pace in two years in the third quarter, initial figures have indicated. The world’s largest economy grew at an annual rate of 2.9% in the three months to September, the Commerce Department said. Analysts had predicted growth of just 2.5%. The stronger-than-forecast rate could increase expectations that the […]


World wildlife ‘falls by 58% in 40 years’

October 27, 2016

Global wildlife populations have fallen by 58% since 1970, a report says. The Living Planet assessment, by the Zoological Society of London (ZSL) and WWF, suggests that if the trend continues that decline could reach two-thirds among vertebrates by 2020. The figures suggest that animals living in lakes, rivers and wetlands are suffering the biggest […]


The Great British Bake Off reaches record audience

The final of The Great British Bake Off gave the show its highest overnight audience ever. An average of 14 million people tuned in to watch the last episode of the show to be broadcast on the BBC. The episode peaked just before 21:00 BST, when Candice Brown was crowned the winner, with 14.8 million […]


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