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Carillion's woes

Image copyright Carillion Image caption Carillion specialises in construction, as well as facilities management and maintenance UK construction firm Carillion is in huge financial trouble. The UK’s second-largest construction is shouldering a whopping £1.5bn debt pile and some fear it could collapse into administration. The big concern is over the …

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Pound hits highest level since Brexit vote

Image copyright Getty Images Sterling has jumped to its highest level against the US dollar since the Brexit vote. The surge to almost $1.37 came after Bloomberg reported that the Spanish and Dutch finance ministers had agreed to seek a Brexit deal that kept the UK as close to the …

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Accountancy firm Price Waterhouse banned from India

Image copyright Getty Images Image caption There were protests against PricewaterhouseCoopers when the Satyam scam came to light in 2009 PwC’s Indian unit has been banned from auditing listed companies for two years, over one of the country’s biggest corporate scandals. Price Waterhouse was auditor for Satyam computers when company …

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Discount chain B&M's expansion pays off

Image copyright B&M Discount retailer B&M’s rapid expansion in the UK appears to have paid off after it revealed strong sales figures for the past three months. In contrast to many of its rivals which are closing shops, B&M opened 19 new shops in the 13 weeks to 23 December. …

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Rail strikes hit Northern, Greater Anglia, South Western and Merseyrail

Image copyright Neil Hall Image caption Greater Anglia, Merseyrail, Northern and South Western Railway services are set to be affected Fresh strikes are expected to cause more disruption for rail passengers in the latest 24-hour walkout over safety. RMT union members at Northern, South Western Railway, Merseyrail and Great Anglia …

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GKN rejects £7bn takeover bid from Melrose

Image copyright GKN Shares in GKN, one of the UK’s biggest engineering firms, have soared after it rejected a bid that values the company at £7bn. Melrose Industries made the unsolicited offer of 405p a share on 8 January. Shares in GKN – which employs 56,000 people globally and had …

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Facebook plans major changes to news feed

Image copyright Getty Images Image caption The changes have been described as “significant” by industry watchers Facebook is to change how its news feed works, making posts from businesses, brands and media less prominent. Instead, content that sparks conversations among family and friends who use the site will be emphasised, …

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CES 2018: Were robots more than a gimmick at the tech show?

Media playback is unsupported on your device Media captionWATCH: Would you let this robot read bedtime stories to your children? If you’ve ever wanted a robot to do the vacuuming, then the CES tech show has something for you. The Aeolus robot is designed to perform a range of household …

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HMRC 'hit by Brexit and Paradise Papers'

Image copyright PA MPs are “far from confident” that HM Revenue and Customs can deal with the tax avoidance allegations made in the wake of the Paradise Paper leaks. The public accounts committee said the department would also struggle to deal with the pressure of Brexit and its own internal …

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China shuts Marriott's website over Tibet, Taiwan error

Image copyright Getty Images China has shut down the websites of Marriot International for a week, after the firm listed Tibet and others as separate countries. The hotel group has apologised for the error and said it did not support separatist movements in China. Tibet, Taiwan, Hong Kong and Macau …

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