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Union blames supermarket price war for Dairy Crest plant closures

Union blames supermarket price war for Dairy Crest plant closures

beggers September 22, 2014 0

The supermarket price war is to blame for Dairy Crest’s plan to close two factories, putting 261 jobs at risk, a union has warned. squeeze” on dairy producers is behind the closures and warned

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Tesco loses £2bn in value as profit overstatement investigation begins

Tesco loses £2bn in value as profit overstatement investigation begins

beggers September 22, 2014 0

Tesco has been plunged deeper into crisis after it was forced to suspend four senior executives and call in investigators following the discovery that its profits had been artificially inflated by £250m. More than

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Manufacturing wages on the rise, says EEF survey

Manufacturing wages on the rise, says EEF survey

beggers August 25, 2014 0

Wages in the manufacturing sector are rising faster than most other parts of the economy, a survey has suggested. Engineering and manufacturing employers’ organisation EEF found that pay rose by 2.6% over the past

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Burger King in takeover talks with Tim Hortons

Burger King in takeover talks with Tim Hortons

beggers August 25, 2014 0

Burger King has said it is in takeover talks with Tim Hortons, the Canadian coffee and doughnut chain. A merger would create the world’s third-largest fast-food combine, one with a stock market value of

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Apple shares hit record high as investors bet on Tim Cook’s strategy

Apple shares hit record high as investors bet on Tim Cook’s strategy

beggers August 21, 2014 0

Apple’s stock has touched a new high, reflecting investors’ renewed faith in CEO Tim Cook’s ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs. The milestone

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UK retail sales rise less than expected in July

UK retail sales rise less than expected in July

beggers August 21, 2014 0

Retail sales rose by 2.6% in July, up just 0.1% from June, figures from the Office for National Statistics (ONS) show. The growth was weaker than many analysts’ estimates that the month-on-month increase would

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Two startup accelerators merge to grow Canada’s entrepreneur ecosystem

Two startup accelerators merge to grow Canada’s entrepreneur ecosystem

beggers August 19, 2014 0

Two of Canada’s top business accelerator programs announced a merger at the Toronto Stock Exchange this morning, introducing what they call the country’s first pan-Canadian startup platform. Vancouver-based GrowLab and Toronto’s Extreme Startups will

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UK inflation fall to 1.6% lessens likelihood of interest rate rise

UK inflation fall to 1.6% lessens likelihood of interest rate rise

beggers August 19, 2014 0

The UK’s annual inflation rate fell more sharply than expected in July, dimming the prospects of an interest rate rise in 2014. The consumer prices index fell to 1.6% from 1.9% in June, marking

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Standard Chartered to pay $300m penalty to NY regulator

Standard Chartered to pay $300m penalty to NY regulator

beggers August 19, 2014 0

Standard Chartered has agreed to pay $300m (£180m) to New York’s top banking regulator for failing to improve money laundering controls. The British bank has also been banned from accepting new dollar clearing accounts

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Coca-Cola Purchases 16.7% stake in Monster Beverage Company

Coca-Cola Purchases 16.7% stake in Monster Beverage Company

beggers August 16, 2014 0

US drinks giant Coca-Cola has bought a 16.7% stake in Monster Beverage in a cash deal, as it looks for growth away from fizzy drinks. In the $2.15bn (£1.3bn) deal, Coca-Cola will transfer its

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