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  • Business Breakfast RECAP: Ryanair warns Brexit could ground UK flights

    July 24, 2017 8:55 AM 14

    The Journal Business team's live blog bringing you the morning's most important business and financial news Virgin Money boss Jayne-Anne Gadhia has blamed an “alpha male” culture at Royal Bank of Scotland and Fred Goodwin’s obsessive drive for growth for contributing to the lender’s near collapse during the financial crisis. Mrs Gadhia - who served as managing

  • IMF downgrades UK and US growth forecasts

    July 24, 2017 8:27 AM 24

    The UK and US economies will expand more slowly in 2017 than previously predicted, according to the International Monetary Fund (IMF). It said "weaker-than-expected activity" in the first three months of the year meant the UK would grow by 1.7%, compared with an earlier 2% forecast. However, its overall global economic predictions - of 3.5% growth in 2017 and 3.6% in 2018 - remain

  • South West Trains warns of London Waterloo disruption

    July 24, 2017 7:32 AM 16

    South West Trains is warning of severe disruption across the whole network for the rest of the day. The train company said delays were still ongoing on journeys towards London Waterloo after a loss of all signalling in the Earlsfield area of south-west London. It said trains could be cancelled, delayed by up to 90 minutes or revised until the end of service

  • Japan manufacturing growth dips to eight-month low as export orders stall: flash PMI

    July 24, 2017 1:18 AM 8

    TOKYO (Reuters) - Growth in Japan's manufacturing activity slowed for the second straight month in July, a preliminary private survey showed on Monday, as export demand stagnated. The Markit/Nikkei Japan Flash Manufacturing Purchasing Managers Index (PMI) fell to 52.2 in July on a seasonally adjusted basis from a final 52.4 in June. The reading was an eight-month

  • Private equity firm backed by China reportedly planning to bid for Imagination Technologies, the former iPhone chip maker ditched by Apple

    July 23, 2017 8:50 PM 8

    A private equity firm backed by the Chinese state is reportedly planning to make a bid for Imagination Technologies, the former iPhone chip maker ditched by Apple. Canyon Bridge Capital Partners has held talks about a potential bid for the whole of Imagination or parts of its business. It is reportedly one of several Chinese firms looking at a bid. Imagination

  • Tapped! Cash boost for drink from birch trees as start-up raises £240k through crowdfunder Seedrs

    July 22, 2017 7:27 PM 7

    Tapped, a start-up firm selling birch water, has raised £240,000 through crowdfunder Seedrs. Charlie Hoare and Paul Lederer harvest sap in Finland for the drink, which contains four kilocalories per 100ml. With a sugar tax on its way, sales of plant-based water drinks, such as coconut water, passed £2.1 billion last year. Tapped’s three lines – pure, apple

  • FLIGHT WARNING: Air passengers could see 50 TIMES more delays, says industry leader

    July 22, 2017 12:25 PM 7

    BRITISH airspace is in desperate need of modernisation and failure to do so could result in 50 times more flight delays as well as 8,000 cancelled UK flights every year, according to an aviation industry leader. As the UK’s air traffic controllers prepare for what is expected to be their busiest summer ever with more than 770,000 flights in UK airspace

  • Now airlines charge you to bring on HAND LUGGAGE: Passengers are told they must pay to 'guarantee' that their bag is in the cabin

    July 21, 2017 11:33 PM 8

    Airlines have started charging passengers to ensure they can keep hand luggage with them in the cabin. Jet2 has brought in a fee to ‘guarantee’ that cabin baggage does not get put in the hold. Prices start at £2.59 per person per bag each way, meaning a couple going away for the weekend would add at least another £10 to their fare. And, though Ryanair

  • World’s largest high-end chocolate maker Barry Callebaut branching out into biscuits and meringues

    July 20, 2017 9:50 PM 11

    The world’s largest high-end chocolate maker Barry Callebaut is branching out into biscuits and meringues. The Swiss firm has bought Italian family-owned D’Orsogna Dolciaria for an undisclosed sum. Though largely unheard of in the UK, Barry Callebaut’s products are in about 25 per cent of all chocolate made around the world. It is responsible for growing

  • Asda owner Walmart is biggest company in world by revenues

    July 20, 2017 9:16 PM 11

    Asda owner Walmart is the biggest company in the world by revenues after leaving growing Chinese powerhouses and technology giants such as Apple in its wake. The US chain, which has nearly 12,000 stores in 28 countries and has 2.3m employees, raked in £374bn of turnover last year. That put it top of the Fortune Global 500 list, which ranks companies