Friday, 20 October 2017

Business

UK consumer confidence rises in January 2017

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LONDON: Consumer confidence in the UK saw a slight uptick in this month, according to an index compiled on behalf of the European Commission. The Consumer Confidence Barometer, conducted by market research company GfK, showed that confidence rose 2 points in January to reach a score of -5. But the ...

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Vodafone’s Indian unit in merger talks

LONDON: Vodafone has said its Indian business is holding talks about a major merger which would create the country’s largest telecoms firm. It said Vodafone India, the country’s second biggest mobile operator, was in negotiations with Idea Cellular, India’s third largest network. There was “no certainty” a deal would be ...

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Danish drugs giant makes big UK investment

Denmark’s Novo Nordisk is to invest £115m over ten years in a new science research centre in Oxford. Eventually employing 100 academics and scientists, the facility will work on new ways of treating type 2 diabetes. The decision to invest in the UK was described by David Gauke, chief secretary ...

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Starbucks CEO Schultz plans to hire 10,000 refugees after Trump ban

Starbucks Corp (SBUX.O) Chief Executive Officer Howard Schultz said on Sunday that the company planned to hire 10,000 refugees over five years in 75 countries, two days after Trump’s executive order banning refugees from certain countries. Trump on Friday put a four-month hold on allowing refugees into the United States ...

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UK car manufacturing hits 17-year high

UK car production rose to a 17-year high in 2016, according to the latest figures published by the Society of Motor Manufacturers and Traders (SMMT). Some 1,722,698 vehicles rolled off production lines last year from some 15 manufacturers, an 8.5% increase on total production in 2015 – and the highest ...

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British Airways: cabin crew launch fresh strikes

LONDON: Members of the union Unite will walk out from February 5-7, and again for three days from February 9. The union is in dispute over members of BA’s so-called mixed fleet, who joined the airline after 2010 and are on worse pay rates than other staff, Unite says. The crew ...

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Tesco to merge with food wholesaler Booker in £3.7bn deal

THE grocery giant said the tie-up will create “the UK’s leading food business” and deliver significant cost savings for the combined group. Booker is the country’s largest wholesaler and owns the Londis and Budgens convenience store brands. The companies said the deal would bring “benefits for consumers, independent retailers, caterers, ...

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UK economy grows by 0.6% in fourth quarter

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LONDON: Strong consumer spending helped the UK’s economy to grow faster than expected at the end of last year. The economy grew by 0.6% in the October-to-December period, the same rate as in the previous two quarters, according to an initial estimate from the Office for National Statistics. The figure ...

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iPhone allows users to send offline messages on Whatsapp

LONDON: WhatsApp has recently added new features in the latest update for iOS that makes a host of new changes on how the app functions. However, WhatsApp has finally rolled out an update that brings iPhone users on par with Android users as you can finally queue up messages when ...

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KFC fined nearly £1m after workers scalded in Teesside

LONDON: A fast food restaurant has been fined nearly £1m after a catalogue of errors left two workers with agonising burns from boiling hot gravy. Kentucky Fried Chicken (KFC) worker Joshua Arnold was scalded across his arms when a boiling tub of gravy tilted and spilled as he took it ...

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