Snapchat reveals plans for US stock market listing

Snap, the owner of messaging app Snapchat, has publicly filed plans to sell its shares on the US stock market. The California-based tech firm, which allows users to send images that vanish within seconds, is set to be the biggest company to list shares in the US in recent years. Based on previous investments, Snap […]

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Bookmakers’ fury at ‘flawed’ gambling report by MPs

The bookmakers’ trade body has reacted angrily to a report by MPs on fixed-odd betting terminals (FOBTs). The Association of British Bookmakers said it was “deeply flawed” and called for an inquiry by the Parliamentary Commissioner for Standards. The MPs are recommending that the maximum stake for gambling on the electronic terminals in a bookmakers […]

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Danish drugs giant makes big UK investment

Denmark’s Novo Nordisk is to invest £115m over 10 years in a new science research centre in Oxford. Eventually employing 100 academics and scientists, the facility will work on new ways of treating type 2 diabetes. The decision to invest in the UK was described by David Gauke, Chief Secretary to the Treasury, as “a […]

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MPs warn HMRC that confidence in tax system is at risk

The taxman’s failure to get tough with the super-rich risks undermining confidence in the whole system, MPs warned in a report on Friday. HM Revenue and Customs must avoid the impression it has “one rule for the rich and another for everyone else,” the Public Accounts Committee said. In a scathing report, PAC chairwoman Meg […]

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Brexit will damage UK and EU, says Pierre Moscovici

Brexit will not be positive for either Britain or the EU, according to Pierre Moscovici, the European Commissioner for Economic and Financial Affairs. He said growth would be lower in the UK as a result of the decision. “You cannot have all the advantages of being a member of the club when you are out […]

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EE mobile firm fined £2.7m for overcharging customers

Mobile operator EE has been fined £2.7m by the telecoms regulator, Ofcom, for overcharging tens of thousands of customers. The watchdog found that the UK’s biggest mobile network broke a billing rule on two occasions. Users who called its 150 customer services number while roaming within the EU were incorrectly charged as if they had […]

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Pound falls ahead of Theresa May Brexit speech

The pound has hit its lowest level for more than three months on reports Britain was set to quit the EU single market as part of its Brexit plans. Sterling fell below the $1.20 level before recovering slightly on Monday. The pound also dropped to a two-month low against the euro, falling more than 1% […]

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Tesco hails ‘strong progress’ as sales rise

Tesco has hailed a “third successful Christmas”, saying food, clothing and toys sales were strong over the festive period. Christmas like-for-like sales, which strip out the impact of new store openings, grew 0.7% in the UK, and were up by 0.3% across the group as a whole. Chief executive Dave Lewis said the supermarket giant […]

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NHS conditions worst ever, say leading nurses

Nurses say conditions in the NHS are the worst they have experienced, the Royal College of Nursing has said. In a separate move, 50 leading doctors have warned the prime minster in a letter that lives are being put at risk due to mounting pressures on the NHS. Charities working with elderly people said long-term […]

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