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GSK may sell Horlicks to fund Novartis deal

Image copyright Getty Images Pharmaceuticals giant GSK is to take full control of a joint venture which owns Sensodyne toothpaste, Panadol headache tablets and Nicotinell patches. GSK will pay Novartis £9.2bn for its 36.5% stake in the Consumer Healthcare Business which was formed in 2015. To fund the acquisition GSK …

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Firm seeks £157m to fund Aberdeen bypass

Image copyright Sepa Aberdeen bypass partner Galliford Try is bidding to raise more than £150m to help cover costs for the project that had involved collapsed Carillion. Galliford Try and Balfour Beatty are now covering the costs after former bypass partner Carillion went into liquidation in January. The Aberdeen bypass …

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Energy firm banned from taking on new customers

Image copyright PA Energy firm Iresa has been banned from accepting new customers until it starts to clear a backlog of complaints. The Nottinghamshire-based firm is among scores of smaller suppliers taking on the big six energy firms. It regularly appears on price comparison tables. Issues such as a 40-minute …

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Gambling watchdog considers credit card ban

Image copyright PA The Gambling Commission is considering banning the use of credit cards in online betting. The regulator’s report into how to make online gambling safer said consumers “should not gamble with money that they do not have”. Betting operators have suggested credit cards are used for between 10% …

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Superdry co-founder gives £1m to charity

Image copyright Reuters One of the co-founders of sports fashion business Superdry is leaving the company, partly to spend more time on charity work. Julian Dunkerton has also pledged to give more than £1m of Superdry shares to conservation charity, Blue Marine. Mr Dunkerton founded the business with Ian Hibbs …

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Brexit: UK firms 'fearful' for future migration system

Image copyright Getty Images UK employers are “fearful” about what a future migration system will be like after Britain leaves the European Union, according to a new report. The Migration Advisory Committee (MAC) said businesses are concerned about their ability to recruit workers from the EU after Britain leaves the …

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Data row: Facebook's Zuckerberg will not appear before MPs

Image copyright Getty Images Image caption Mark Zuckerberg apologised for a “breach of trust” Facebook boss Mark Zuckerberg’s decision not to appear before MPs is “astonishing”, said the committee chairman who invited him to attend. Damian Collins, the head a parliamentary inquiry into fake news, urged Mr Zuckerberg to “think …

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Government wades into GKN takeover battle

Image copyright GKN Image caption GKN employs about 59,000 people globally, with 6,000 in the UK Business Secretary Greg Clark has written to Melrose demanding “binding” commitments from the turnaround specialist over its £8.1bn bid for GKN. He sought “extensive and clear” measures over GKN’s workforce, research and development, and …

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Huawei P20 Pro smartphone 'can see in the dark'

Media playback is unsupported on your device Media captionWATCH: Huawei’s P20 Pro has three rear cameras Huawei’s latest smartphone can take photos in near-dark conditions without using its flash or a tripod. The P20 Pro takes exposures lasting up to six seconds to get enough light. It then uses artificial …

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Ex-BHS boss Dominic Chappell faces directorship ban

Image copyright Getty Images The Insolvency Service says it will take steps to have former BHS owner Dominic Chappell banned from holding directorships for up to 15 years. Three other former Bhs directors also face a ban, but the Insolvency Service added it would not seek to have Sir Philip …

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