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BUSINESS

Starbucks scales backs European presence but consolidates in London

Starbucks is restructuring its European operations after several years of slowing sales and will close its Amsterdam office to the benefit of London. The Seattle-based...

US confirms talks on trade deal with Britain to begin immediately after Brexit

The US administration has formally confirmed it intends to pursue a trade deal with the UK “as soon as it is ready” after leaving...

Hard Brexit a significant threat to UK motor industry, warns Ford chief

A senior official at car giant Ford has warned that a hard Brexit could be a “significant threat” to the UK’s automotive industry. Steven Armstrong,...

Patisserie Valerie chairman pledges multimillion-pound rescue loan

Patisserie Valerie’s chairman has swooped in with a rescue loan package after a black hole in the company’s accounts led to its finance chief...

Facebook says hackers accessed data from 29 million accounts

Facebook says hackers accessed data from 29 million accounts as part of the security breach disclosed two weeks ago. The exact number had not been...

Almost 100 jobs at risk as Coast stores enter liquidation

A provisional liquidator has been appointed to the fashion and accessories chain Coast. There are five stand-alone stores and 10 concession stands in the country. Coast...

Rangers and Sports Direct back at High Court over merchandise deal

Bosses at Rangers Football Club are embroiled in a fresh merchandise deal row with Sports Direct and Newcastle United owner Mike Ashley, less than...

Whitbread shareholders vote through Costa Coffee takeover by Coca-Cola

Whitbread shareholders have given their blessing to the £3.9bn (€4.46bn) sale of the Costa Coffee chain to Coca-Cola. The Press Association understands that a provisional...

Brexit poses risk to global financial stability, says IMF

The International Monetary Fund (IMF) has included Brexit among key risks to the stability of the global economy in a new report. The organisation has...

Comcast takes majority control of broadcaster Sky

Sky chairman James Murdoch has resigned from the broadcaster as US cable giant Comcast took control of the British firm. Comcast said on Tuesday that...

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