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  • Care home operator Four Seasons faces administration as its main lender and private equity owner clash

    November 19, 2017 10:24 PM 5

    Care home operator Four Seasons is facing administration as its main lender and private equity owner clash in a £136million tug of war. The legal row centres on whether 24 care homes are part of Four Seasons. US hedge fund H2 Capital, which owns most of Four Seasons’ £525million bond debt, claimed it had control of the assets, which were bought by Terra

  • Dutch in tax war to lure Unilever away from UK as Marmite-maker could drop London listing

    November 18, 2017 10:30 PM 9

    The Dutch government has been accused of waging ‘war’ on the UK and using Brexit to lure Marmite-maker Unilever away from London. Unilever, which also owns Dove, Persil and Magnum ice creams, is understood to be close to a decision that could see it quit the City. It currently reports to both the London and Amsterdam stock exchanges but is considering

  • Brompton bike boss claims the Brexit 'momentum of fear' is damaging the economy

    November 16, 2017 9:52 PM 7

    The boss of Britain's biggest bicycle-maker has warned the anti-Brexit campaign is causing small businesses to panic and damaging the economy. Brompton Bicycle's managing director Will Butler-Adams claimed firms would be able to cope if Britain left the European Union without a trade deal, which would see exports to the Continent face tariffs of 10 per cent under

  • BT sells broadband to pensioner who doesn't have a computer or use the internet, more than doubling his monthly bills

    November 15, 2017 10:39 AM 9

    BT flogged a broadband deal to a pensioner who does not own a computer or use the internet, more than doubling his monthly phone bill. Richard Hood, 79, from Chingford, North East London, says he was called out of the blue by BT and told he could get a new phone deal that would save him money. But after he switched, Richard, who has never used a computer

  • Premium Bond holders have a better chance of wining as odds are shortened to 24,500 to 1

    November 15, 2017 8:50 AM 6

    About 21 million Premium Bond holders have the chance to earn more prizes from next month’s draw with shorter odds. The amount paid out yearly from the £71 billion held in Premium Bonds at National Savings & Investments (NS&I) will rise to 1.4 per cent from 1.15 per cent from next month. It is the highest rate since the Premium Bond prize fund was cut from 1.5 per cent in August

  • Bank of England reveals last day to use old £10 notes

    November 14, 2017 3:06 AM 17

    We've lost the old pound coins and the £5 notes, it's the £10 note next, as the Bank of England reveals its 'use by date'. The notes, featuring Charles Darwin, were introduced on 7 November 2000 but have now been replaced by a polymer version - which gives pride of place to author Jane Austen. Around 55% of the £10 notes currently in circulation are the new version

  • Tesco is being sued by ex-boss it sacked over accounts scandal

    November 12, 2017 2:45 AM 17

    Former Tesco commercial director Kevin Grace, sacked over a £246 million accounting scandal, is suing the firm for more than £600,000. He lost his job after it emerged that Tesco had misreported profits in 2014. The dismissal letter accused him of ‘serious negligence’ and ‘gross misconduct’. Grace has always insisted he was not responsible for the debacle

  • Manchester Airports Group raises £300m on bond market

    November 10, 2017 1:00 PM 35

    MAG will use the proceeds of the bond to fund its transformational capital investment programmes at Manchester and London Stansted Airports. The group issued the 22-year bond which was three times oversubscribed at around £1bn. MAG will use the proceeds of the bond to fund the transformational capital investment programmes that is taking place at both Manchester

  • Shoppers turned away by consumer ombudsman because stores are refusing to participate

    November 8, 2017 2:20 PM 7

    Most shoppers who try to complain to the Consumer Ombudsman are turned away as most shops and restaurants refuse to participate in the scheme. The ombudsman is supposed to help customers settle disputes with businesses, such as fashion chains, supermarkets, DIY stores, builders, cafes and second-hand car dealers. Such firms have to direct people to an ombudsman

  • BT slams customers with price hikes ranging from 4% to 33% on broadband, calls and BT Sport as it cuts landline costs

    November 7, 2017 4:24 PM 10

    BT broadband and Sport customers will be hit with price hikes of up to £36 a year from January 2018 and higher costs for some calls. The price increases, which will take place from 7 January, range from a 4.6 per cent increase for its fibre broadband to a 33 per cent rise for some BT Sports customers. However, the price hikes come as BT announced it will slash