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Dixons Carphone warns on profit as mobile sales hit

Image copyright Getty Images The owner of Carphone Warehouse and Dixons has warned that more expensive mobile phone handsets and lower EU roaming charges will hurt its profits. Dixons Carphone said it expected pre-tax profits this year of £360m to £440m, down from £501m last year. The retailer said customers ...

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Lachlan Murdoch clears competition hurdle for Ten bid

Image copyright Getty Images Image caption Mr Murdoch already owns large chunks of Australian media Lachlan Murdoch has moved one step closer to buying television network Channel Ten after Australia’s competition regulator gave the green light to the potential acquisition. The News Corp co-chairman is leading a consortium to buy ...

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UK car production revs up in July

Image copyright Nissan The number of cars built in the UK last month rose by almost 8% compared with July 2016, new figures show. Just over 136,000 vehicles were made in British factories, up 7.8% on July last year, the Society of Motor Manufacturers and Traders (SMMT) said. Many carmakers ...

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Orange boom

Image copyright Orange Fiber Image caption The fibre made from the oranges can be blended with other yarns to make clothing From fashion to energy – the rind and seeds of Sicily’s most famous citrus fruit, the humble orange, are being used in a range of greener, healthier business initiatives. ...

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Travel delays

Image copyright Getty Images Image caption In June, dozens of flights from Phoenix, Arizona, were cancelled during a heat wave As if flying wasn’t already enough of a chore, there’s an increasing number of studies showing climate change might make it worse. Changes to the jet stream could make flights ...

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Food industry warns of Brexit workforce shortage

Image copyright Reuters The UK food industry has warned that a Brexit workforce shortage could leave a third of its businesses unviable. The Food and Drink Federation said: “Our sector faces a rapidly approaching workforce shortage and skills gap.” In its survey of the “farm-to-fork” supply chain, almost half of ...

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Trump luxury hotel given £110,000 Scottish tax rebate

Image copyright Reuters Image caption Donald Trump’s five-star luxury golf course resort in Scotland has received a £110,000 tax rebate US President Donald Trump’s luxury hotel in Scotland has received a £110,000 tax rebate meant to help struggling small businesses. The £11m Trump Turnberry resort in Ayrshire has had its ...

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BHP shake-up suggests activists’ campaign is biting

Image copyright Ken Childress Photography Image caption BHP’s Fayetteville Shale operation, now due for sale A shake-up at mining giant BHP suggests that pressure from activist shareholders is starting to bite. BHP has replaced two directors and said it will sell its shale gas operations, while reporting a surge in ...

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Whole Foods shareholders back Amazon deal

Image copyright Getty Images Image caption Analysts expect Amazon’s acquisition to lead to increased options for online ordering and delivery of food Amazon’s plan to buy Texas grocer Whole Foods for $13.7bn (£10.7bn) cleared an initial hurdle on Wednesday, as shareholders of the supermarket voted in favour of the deal. ...

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ECB chief Draghi: QE has made economies more resilient

Image copyright Reuters European Central Bank President Mario Draghi has said unconventional policies like quantitative easing (QE) have been a success both sides of the Atlantic. QE was introduced as an emergency measure during the financial crisis to pump money directly into the financial system and keep banks lending. A ...

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Walmart and Google to offer voice-enabled shopping

Image copyright Getty Images Corporate giants Walmart and Google are teaming up to enter the voice-shopping market, currently dominated by Amazon. From next month, US consumers will be able to buy Walmart products using the voice-activated Google Assistant platform on phones and home devices. Amazon’s AI virtual assistant Alexa already ...

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WPP cuts growth forecast as second quarter sales slow

Image copyright Getty Images Advertising giant WPP has cut its full-year sales forecast for a second time after revenue slowed this year. The company said that group performance had been “much tougher” for the first seven months of its financial year. It blamed several factors for heightening uncertainty including a ...

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