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Thursday, April 18, 2024
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CATEGORY

BUSINESS

Toshiba chief to quits over doctored books

Toshiba’s chief executive is stepping down to take responsibility for doctored books which inflated profits at the Japanese technology manufacturer by 151.8bn yen. Toshiba acknowledged...

Royal Mail letter revenues fall in ‘challenging’ trading

Royal Mail failed to grow sales in the first three months of its financial year as “challenging” trading continued to see letter revenues fall. It...

Financial Times owner Pearson ‘thinking of selling the newspaper’

The owners of the Financial Times are considering selling the newspaper, according to reports. Pearson PLC is said to be looking at possible buyers, with...

Travelodge earnings up almost 20%

Travelodge said its earnings jumped by almost a fifth in the first half of the year as the British budget hotel chain said it...

Rolls-Royce signs $2.2bn aircraft engine deal

Rolls-Royce has announced two new contracts worth a total of $2.2bn two weeks after issuing the latest in a series of profit warnings. Leasing company...

Mitsubishi bosses apologise for using US PoWs as forced labour

Bosses from a major Japanese corporation have issued an unprecedented apology to a 94-year-old US prisoner of war for using American PoWs for forced...

UK supermarket price war ‘hitting suppliers and farmers

Food suppliers and farmers are increasingly being squeezed by the supermarket price war in the UK, according to a new report. The study from Begbies...

One low bid at auction for Spanish ‘ghost airport’

One of Spain’s “ghost airports” – expensive projects that were virtually unused – received just one bid in a bankruptcy auction after costing some...

Mark Carney: Interest rates could rise at end of year

Bank of England governor Mark Carney has suggested that interest rates could begin to rise at the turn of this year. Mr Carney said he...

M&S clothing division boss quits

The head of Marks & Spencer’s beleaguered clothing division has quit after nearly three decades at the retailer. Shares fell today after John Dixon said...

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