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Pharma giant Pfizer pulls out of research into Alzheimer's

Image copyright Science Photo Library Image caption Pfizer’s decision will affect research into drugs for Alzheimer’s and Parkinson’s disease Drug company Pfizer has announced it is pulling out of research into drugs to treat Alzheimer’s disease. The US-based pharmaceutical giant said it would be ending its neuroscience discovery programmes following …

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Coconut controversy: Shoppers query use of plastic wrapping

Image copyright Alex Morss Image caption Genuine Coconut – which sell for £3 apiece – says the film is recyclable The sight of hard-shelled coconuts wrapped in a plastic-style film has left shoppers scratching their heads. For some, it is another example of pointless packaging, which is adding to the …

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Greece bailout protesters storm ministry in strike dispute

Image copyright Reuters Image caption The left-wing minister (L) was ambushed in her office by trade unionists Angry trade unionists in Greece stormed the labour ministry and confronted the minister over plans to tighten the rules on strikes. About 500 protesters from Communist-affiliated PAME burst into the ministry after breaking …

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Ofgem boss: I'm sorry for failing vulnerable consumers

Image copyright Getty Images Dermot Nolan, the chief executive of energy regulator Ofgem, has apologised for failing vulnerable consumers. “We could have done better, and should have done better, for vulnerable customers,” he told MPs on the Business and Energy Committee. Asked whether he wished to apologise to them, he …

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UK manufacturing output at its highest for 10 years

Image copyright Getty Images UK manufacturing output has reached its highest level since February 2008 after recording its seventh consecutive month of growth in November. Renewable energy projects, boats, aeroplanes and cars for export helped make output 3.9% higher in the three months to November than in 2016. Official figures …

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Brexit: Financial services pivotal to 'bespoke' deal

Image copyright PA Image caption Mr Davis will insist the UK wants its own model of co-operation – not to replicate an existing arrangement Financial services are pivotal to the “bespoke” Brexit trade deal wanted by the UK, two senior ministers are to tell German business leaders. Chancellor Philip Hammond …

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Lidl reveals record-breaking December

Image copyright PA Lidl supermarket said it had record sales in December, with a rise of 16% on the same period in 2016. Customers bought about 600 tonnes of Brussels sprouts, 17 million mince pies and more than 800,000 litres of champagne and prosecco. The chain opened nine stores during …

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Sainsbury's profits boosted by Christmas trading

Image copyright Getty Images The UK’s second largest supermarket, Sainsbury’s, has raised its profit guidance after “record” sales during Christmas week. Sainsbury’s said it now expected annual profits to be up to £20m better than expected despite supermarkets facing a “challenging” market. The chain sold 1.1% more in the 15 …

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Plastic bag charge: 5p levy to be extended in England

Image copyright Getty Images The 5p charge for plastic bags in large shops in England is set to be extended to cover nearly all carrier bags, as part of new plans for the environment. Environment Secretary Michael Gove told a meeting of the cabinet that he wanted to tackle our …

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Huawei's US smartphone deal collapses

Image copyright Huawei Chinese telecommunications giant Huawei says it has not been able to strike a deal to sell its new smartphone via a US carrier. It was widely reported to have been in talks to release its flagship Mate 10 Pro device with AT&T. But in a letter seen …

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