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Australia’s richest woman Gina Rinehart to buy Kidman estate

Australia’s richest woman Gina Rinehart to buy Kidman estate

Image copyright Getty Images Image caption Australia’s richest woman Gina Rinehart is worth an estimated $12.4bn Australia has given approval for the sale of the country’s largest private landholding, the Kidman estate. It will go to Australia’s richest woman, Gina Rinehart, and her business partner, Chinese developer Shanghai CRED. The largest Kidman station, Anna Creek, […]

McDonald’s to move non-US tax base to UK

McDonald’s to move non-US tax base to UK

Image copyright Getty Images McDonald’s is to move its non-US tax base from Luxembourg to the UK, the company has said. The new holding company will pay UK tax on the royalties the firm receives outside the US. McDonald’s said it had chosen the UK due to the “significant number of staff” it has in […]

Sports Direct sees sharp fall in profits

Sports Direct sees sharp fall in profits

Image copyright PA Sports Direct has reported a big drop in half-year profits after being hit by the fall in the pound. The retailer, which has been heavily criticised for the treatment of some of its workers, said reported pre-tax profits fell 25% to £140.2m. Chief executive Mike Ashley said the past six months had […]

Tata Steel makes commitment to secure Port Talbot future

Media captionCommunity union president, Alan Coombs, chairman of the multi-union group at Port Talbot, said it was “good news” A commitment to secure jobs and production at Port Talbot and other steelworks across the UK has been announced by Tata Steel. It could bring an end to eight months of uncertainty for thousands of workers […]

Football tax review called for by HMRC chief

Football tax review called for by HMRC chief

Image copyright Getty Images Image caption Jose Mourinho and Cristiano Ronaldo during their time together at Real Madrid The chief executive of HM Revenue and Customs, Jon Thompson, has told MPs he would like to see a review of the way footballers can reduce their tax bills. He said payments to them for their image […]

TalkTalk’s wi-fi hack advice is ‘astonishing’

TalkTalk’s wi-fi hack advice is ‘astonishing’

Image copyright Getty Images Image caption TalkTalk was fined in October for its handling of an earlier security breach TalkTalk’s handling of a wi-fi password breach is being criticised by several cyber-security experts. The BBC has presented the company with evidence that many of its customers’ router credentials have been hacked, putting them at risk […]

Shoppers ‘drowning in a sea of loyalty cards’

Shoppers ‘drowning in a sea of loyalty cards’

British shoppers are happy to sign up for retail reward cards, but show little loyalty when it comes to actually using them. That’s according to a survey of 63 countries by market researchers Nielsen, which found 89% of British consumers belong to a loyalty scheme. Only Finland has a higher membership rate. Britons belong to […]

Fitbit confirms Pebble takeover deal

Fitbit confirms Pebble takeover deal

Image copyright Pebble Image caption Pebble raised millions of dollars for its products on Kickstarter but struggled financially Fitbit, the world’s bestselling wearable tech-maker, has confirmed it is buying the inventions that power Pebble’s smartwatches. However, the deal does not include any of Pebble’s products, and work on several crowdfunded devices that have yet to […]

Housing crisis ‘creates in-work poverty’

Housing crisis ‘creates in-work poverty’

Image copyright Getty Images Poverty among people who are working has risen despite a recovery in the UK economy, a study has suggested. High rental housing costs mean an estimated 3.8 million workers – one in eight – are in poverty, according to the Joseph Rowntree Foundation (JRF). It said in-work poverty was up by […]

Pfizer fined record £84.2m for overcharging NHS

Pfizer fined record £84.2m for overcharging NHS

Image copyright Getty Images Drugs giant Pfizer has been fined a record £84.2m by the UK’s competition watchdog for overcharging the NHS for an anti-epilepsy drug. The Competition and Markets Authority (CMA) also fined distributor Flynn Pharma £5.2m for the 2,600% price increase for the drug in 2012. NHS spending on the capsules rose from […]