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HS2 redundancy pay ‘shocking waste’ of taxpayer cash

Image copyright Other Image caption A computer generated image of an HS2 train on the Birmingham and Fazeley viaduct Unauthorised redundancy payments made by the state-owned company managing the HS2 rail project were a “shocking waste of taxpayers’ money”, MPs have said. The Public Accounts Committee said the firm overseeing construction of a high-speed rail […]

Ryanair in union offer to avoid Christmas strikes

Media captionRyanair tells Today the airline is moving to recognise unions as it’s “time for change” Ryanair has said it is prepared to recognise pilot unions as it seeks to avoid strike disruption over the Christmas period. Earlier this week, 79 Dublin-based Ryanair pilots had said they would strike for one day on 20 December. […]

Sky and BT sign channel sharing deal

Image copyright PA Image caption The rising cost of sports rights is behind the agreement, analysts say Sky and BT have have signed a deal to sell their channels on each other’s platforms. Under the deal, BT will now supply its sports channels – which show UEFA Champions League and Premier League football – to […]

Airbus chief Tom Enders to leave after power struggle

Image copyright Reuters Image caption Plans to find an successor to Tom Enders are underway, Airbus says European planemaker Airbus has unveiled a shake-up of its top management team. Chief executive Tom Enders will not seek re-election when his term expires in 2019, the company said. Meanwhile, Fabrice Bregier, chief operating officer and head of […]

Minimum price ‘would increase cost of 70% of alcohol’

Image copyright Science Photo Library Introducing a minimum price per unit of alcohol would push up the cost to consumers of most alcohol, not just the cheapest strong drinks, according to researchers. The Institute for Fiscal Studies (IFS) said a floor of 50p per unit would raise the cost of 70% of alcohol bought in […]

HS2 redundancy pay ‘shocking waste’ of taxpayer cash

Image copyright Other Image caption A computer generated image of an HS2 train on the Birmingham and Fazeley viaduct Unauthorised redundancy payments made by the state-owned company managing the HS2 rail project were a “shocking waste of taxpayers’ money”, MPs have said. The Public Accounts Committee said the firm overseeing construction of a high-speed rail […]

Walt Disney buys Murdoch’s Fox for $52bn

Media captionAndrew Neil tells us five things the $52.4bn (£39bn) tie-up could mean. Walt Disney has agreed to buy the bulk of 21st Century Fox’s business for $52.4bn (£39bn), in a deal both companies said position them to compete in the rapidly changing media industry. The purchase includes Fox’s film and television studios, as well […]

UK interest rates kept on hold at 0.5%

UK interest rates kept on hold at 0.5%

The Bank of England has kept interest rates on hold in its first meeting since last month’s decision to raise rates for the first time in 10 years. Members of the Monetary Policy Committee (MPC) voted unanimously to keep interest rates at 0.5%. At its November meeting the MPC raised rates from the record low […]

Black Friday lifts UK retail sales in November

Image copyright Getty Images Black Friday helped to propel retail sales 1.6% higher in November from a year earlier, official figures suggest. The Office for National Statistics (ONS) said that retailers had reported a particular uplift in sales of electrical household appliances. ONS statistician Rhian Murphy said underlying growth remained “reasonably strong”. However, analysts said […]

Stamp duty tax debate ‘welcome’

Image copyright PA The abolition of stamp duty for many first-time buyers should spark a wider debate over the taxation of property, surveyors say. New buyers purchasing a home of up to £300,000 no longer have to pay stamp duty owing to changes made in last month’s Budget. The Royal Institution of Chartered Surveyors (RICS) […]