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  • Chief who made Google £550bn firm stands down after 17 years

    December 22, 2017 9:51 PM 23

    Eric Schmidt is stepping down as the top boss of Google’s parent company after 17 years at the helm. The 62-year-old helped take Google from a start-up of about 200 people to a technology giant worth £550billion and employing 72,000. He oversaw its reorganisation into the Alphabet group two years ago, which separated the internet-related business from the other

  • UK household savings at 'historically low' levels as disposable incomes are squeezed

    December 22, 2017 1:17 PM 22

    Households are saving less, taking on more debt and reining in spending as a mix of Brexit-induced higher inflation, falling real wages and austerity measures weigh on family budgets. Official data out today paints the picture of a country where the recent growth in spending is becoming increasingly unsustainable as it has outstripped disposable incomes

  • 'Waitrose of the north' sinks to £15m loss after storm Desmond damages stores and sales fall

    December 21, 2017 10:06 PM 28

    Posh northern supermarket Booths has been plunged further into the red after poor sales figures saw its losses more than double. The results will ramp up concerns over Booths’ finances, with the Lancashire-based supermarket reportedly looking for a buyer after being operated as a family business for five generations. Dubbed the ‘Waitrose of the North’

  • Dyson payout as legal dispute with ex-chief executive is settled

    December 21, 2017 11:49 AM 25

    The engineering firm confirms its legal dispute with Max Conze, who left the business in October, has been settled out of court. It is understood former chief executive Max Conze was handed the money as part of a deal to bring an end to all claims between the sides. Just last month the engineering group announced plans to bring a High Court case against

  • British iPhone chip supplier set to get a boost from Trump's US corporation tax cut

    December 20, 2017 9:50 PM 18

    A British iPhone chip supplier is set to get a boost from major US tax reforms pushed through by President Donald Trump. London-listed IQE said a corporation tax cut from 35 per cent to 21 per cent would help its American arm. The company makes chip technology used by the iPhone X's facial recognition system. But IQE group said that in the short term the changes

  • British households and businesses to get the LEGAL RIGHT to fast broadband by 2020 amid government crackdown

    December 20, 2017 1:22 PM 27

    Homes and businesses will have the legal right to demand high-speed broadband by 2020, the government has said. From 2020, broadband providers will be subject to a legal obligation to provide broadband users with speeds of at least 10Mbps. In confirming the new legal rule, the government's Department for Digital, Culture, Media & Sport, rejected BT's proposal

  • Tesco's £3.7bn takeover of Booker is cleared by competition watchdog

    December 20, 2017 7:18 AM 29

    The Competition and Markets Authority's (CMA's) decision means the proposed tie-up, first announced in January, is now able to proceed to shareholder votes. Tesco is the UK's largest grocery retailer while Booker is the largest wholesaler - supplying many of Tesco's competitors. Following a consultation on its provisional findings last month, the CMA declared

  • 'Fox and mouse have stitched us up': Sky shareholders claim broadcaster has been undervalued in Disney deal

    December 18, 2017 9:51 PM 26

    The battle to control Sky intensified last night as shareholders claimed attempts to buy the company would leave them short-changed. The British broadcaster has agreed to an £18.5billion takeover by Rupert Murdoch’s 21st Century Fox in a deal that is being scrutinised by regulators in the UK. But 21st Century Fox is being bought by American film and television

  • My 89-year-old widowed mother is in the British Steel pension scheme

    December 18, 2017 9:44 AM 15

    My enquiry is on behalf of my mother who is 89 years of age, who has been in receipt of a spouse’s pension from British Steel since 1985. As my mother is currently unwell, hence my enquiry on her behalf with regard to the decision that she needs to make and inform British Steel of by 22 December 2017. I am unclear from ALL that I have read, which of the two options

  • One of Britain's biggest toy chains is staying SHUT on Christmas Eve

    December 18, 2017 9:03 AM 61

    One of Britain's biggest toyshop chains is staying SHUT on Christmas Eve - missing out on the chance to bring in millions through the tills. Gary Grant, whose chain The Entertainer has 149 branches, will give his 1,700 staff the day off, even though it means missing out on an estimated £2.3m. Mr Grant told The Mirror that his Christian faith means he will never