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The latest news

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Consumer news…

1.6k Tesco managers get demoted with up to £5k pay chop


The supermarket is scrapping the deputy manager role at its Express outlets across the UK.

CEO of BAE Systems cashes in on £794k of shares


Ian King, who retires in June, sold 130,026 shares at 611p each on Thursday, making £794,458.86 .

Primark woos shoppers with cut-price beauty products


The Dublin-headquartered budget fashion retailer said customers were drawn to its skincare products and make-up accessories which helped create a buzz across its stores.

DAILY BRIEFING: Mining company strikes jackpot


The company announced an ‘inferred mineral resource’ – when mineral content is estimated from geological evidence but not yet fully verified – at its project in the Liranda Corridor.

Even bakeries get hit by hackers, top insurer warns


Hiscox boss Bronek Masojada said small businesses faced just as much risk as large ones from cyber crime - but many did not have the resources to combat it.

CITY DIARY: Lord Mandelson lands a lofty-sounding post


Serpentine ex-business secretary Lord Mandelson is named president of the German-British Forum, an elite networking organisation for pro-EU business types.

Tech tycoon predicts robots with IQs of 10,000


Masayoshi Son, founder of Japanese tech giant Softbank which owns Britain’s ARM Holdings, predicts a future where the intelligence of robots will surpass the human brain – reaching an IQ of 10,000.

Tributes pour in for titan who built the Shard


The property tycoon Irvine Sellar, who once founded a famous sixties fashion store and later developed the Shard skyscraper in London, has died at the age of 82 after a short illness.

ALEX BRUMMER: Even expensive deals, can go horribly wrong


The possibility that Britain would vote to leave the European Union always meant Frankfurt would be very unhappy the headquarters of the enlarged exchange would be in London.

Injury payouts increase sinks car insurer shares


Yesterday, changes were announced to an interest rate used to decide how much compensation should be awarded to victims of serious accidents.

Budget store bosses pay themselves through tax havens


Bosses of Britain’s fastest-growing discount chain have funnelled more than £150 million through tax havens in Luxembourg and the Cayman Islands.

Housebuilder Persimmon to return £2.8bn to shareholders


Persimmon vowed to return more money to shareholders after profits jumped 23 per cent.

Barclays picks new chief with past at failed lender


Debenhams chairman Sir Ian Cheshire has been picked by Barclays to chair its UK consumer bank - despite concerns over his role in the financial crisis.

Sports Direct founder bids £27m for Agent Provocateur 


The founder of Sports Direct has made a £27.5 million bid for the London-headquartered lingerie retailer, according to reports.

Bank of England make it EASIER to borrow more on mortgage


The rule change applies immediately and effectively loosens the cap placed on the amount of high loan-to-income mortgage lending banks and building societies are allowed to do.

Former B&B director to chair Barclays ring-fenced bank


Barclays has appointed Debenhams chairman and former Bradford & Bingley director Sir Ian Cheshire as chairman designate of its ring-fenced bank, Barclays UK.

Fraudsters hack email accounts of home movers for cash


Fraudsters are hacking the email accounts of people moving home to steal their cash. The crooks are targeting property owners and tenants who are owed money from a sale or returned deposit.

Got a pension through work? Take cover now


This year Budget Day is Wednesday, March 8, and we will have a new Chancellor posing before Number 11 Downing Street before trotting off to the House of Commons to deliver it.

17 pension issues SMEs need to be aware of in 2017


Now January is out of the way and the dust has settled after Christmas and New Year, it is a good time to take a look at what is happening during 2017 - and the impact it could have on small businesses.

Warren Buffett attacks fees and says buy an index fund


Warren Buffett has attacked hedge funds, arguing that their highly paid managers cannot beat the stock market.