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Sunday, October 2, 2022
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BUSINESS

Lloyds profits rise despite PPI bill

Lloyds Banking Group has added £1.4bn to its bill for compensating customers mis-sold payment protection insurance (PPI). But Lloyds, which is backed by the British...

Shell to cut 6,500 jobs

Oil giant Royal Dutch Shell has said it plans to cut 6,500 jobs this year. The firm said it was taking action amid a slump...

Barclays chief signals more job losses despite profit rise

Barclays boss John McFarlane has signalled more job cuts to come at the bank as he set out plans to ramp up earnings growth...

Twitter revenue grows sharply, but user growth stays low

Twitter has failed to add users at a quick enough pace for investors in the second quarter, even as revenue grew sharply, feeding concerns...

18% rise in Sky profits as customer numbers surge

Sky has posted an 18% rise in profits, and seen the best customer growth in 11 years. The broadcaster made £1.4bn in the year to...

BP announces $4.2bn loss as oil prices continue to fall

Oil giant BP swung to a US$4.2bn loss in the first six months of the year after taking another €9.8bn hit from its Deepwater...

Vodafone revenue up almost 1%

Mobile phone giant Vodafone said its service revenue grew 0.8% in the first quarter of the year to end of June, compared to a...

Fiat Chrysler recalls 1.4m vehicles to prevent hacking

Fiat Chrysler has decided to recall about 1.4 million cars and trucks in the US just days after two hackers detailed how they were...

Fraudsters’ access to Barclays data revealed

Fraudsters had access to the personal details of 30,000 Barclays customers for up to seven years, it has been revealed. Private information on jobs, salaries...

Bookies Ladbrokes and Coral agree £2.3bn merger

Betting firms Ladbrokes and Gala Coral have agreed a merger to create a £2.3bn gambling giant. It is expected to overtake William Hill as the...

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