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Apple’s Jonathan Ive says immigration vital for UK firms

Image copyright Getty Images Image caption Apple chief design officer Sir Jonathan Ive (left) reports to chief executive Tim Cook The UK must keep its doors open to top talent from around the world if its technology firms are to thrive, Apple’s chief designer has told the BBC. Sir Jonathan ...

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UK growth estimate revised down

Image copyright PA The UK’s economy grew more slowly than first estimated in the first three months of the year, according to official figures. The Office for National Statistics (ONS) now says the economy expanded by 0.2% in the quarter – slower than its original estimate of 0.3%. It said ...

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FTSE firm as Wizz Air takes off

Image copyright Getty Images London’s stock market edged higher in early trade as it remained close to record highs. The benchmark FTSE 100 index rose 3 points to 7,517.90, not far from its record closing high of 7,522.03. However, one of the more eye-catching performances came in the FTSE 250 ...

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Halfords profits hit by weak pound

Image copyright PA Annual profits at Halfords have been hit by the weak pound despite a strong rise in sales. The car parts, bikes and camping retailer said pre-tax profits fell 10.5% to £71.4m for the year to March. Revenue was up 7.2% to nearly £1.1bn, boosted by the acquisition ...

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UK car production fall blamed on late Easter

Image copyright PA The number of cars made in the UK fell by almost a fifth in April, with the later Easter break blamed for the drop. The Society of Motor Manufacturers and Traders said 122,116 cars were built in April, an 18% fall compared with the same month last ...

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Mongolia gets financial aid totalling $5.5bn from IMF

Image copyright Getty Images Mongolia has received a $5.5bn (£4.2bn) aid package to stabilise its economy and push through much-needed reforms. In return, Mongolia agreed to cut spending and raise taxes as well as build a stronger network for its financial services. The resource-rich nation suffered a slowdown after commodity ...

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Bad sex scenes

Image copyright Klein Borrill Image caption Jamie Morton (centre) and friends Alice Levine and James Cooper When Jamie Morton started making his own podcast, he certainly picked an eyebrow-raising topic – reading out his dad’s attempts at erotic fiction. Jamie’s father had sent him the first few chapters of the ...

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Dollar slips after cautious Fed minutes

Image copyright Chip Somodevilla/Getty Image caption Janet Yellen heads the Federal Reserve US central bank policymakers want to see proof the country’s economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. They said it would be “prudent to await additional evidence… that a ...

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Aston Martin roars back into profit for the first quarter

Image copyright Reuters Aston Martin has posted a first-quarter profit for the first time in a decade, the sports car maker said. The company made a pre-tax profit of £5.9m for the three months to March following strong sales of its new DB11 model launched late last year. Revenues more ...

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Tiffany & Co suffers fall in US sales

Image copyright Reuters Tiffany & Co revealed a surprise sales slump in the Americas, its largest market, in its quarterly figures. The exclusive jewellery shop sold fewer products than expected in the quarter ending 30 April and also suffered a drop of 4% in comparable sales. The company has struggled ...

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Sean FitzPatrick cleared as Anglo Irish trial collapses

Image copyright PA Image caption Former Anglo Irish Bank chairman Sean FitzPatrick had pleaded not guilty The longest criminal trial in the history of the Irish state has collapsed after a judge ordered the acquittal of former Anglo Irish Bank chairman Sean FitzPatrick. Mr FitzPatrick was accused of misleading the ...

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Ineos to buy Dong Energy’s oil and gas arm in £1bn deal

Image copyright Thinkstock British petrochemicals group Ineos is set to become a major North Sea player after acquiring Danish firm Dong Energy’s entire oil and gas business in a deal worth up to $1.3bn (£1bn). The transaction includes production, development and exploration sites off Denmark, Norway and west of Shetland. ...

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