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Ex-UBS trader Kweku Adoboli has been deported

Image caption Kweku Adoboli has not lived in Ghana since he was four and came to the UK 26 years ago Kweku Adoboli, the former UBS trader convicted of fraud, has been deported to Ghana, despite a long campaign to keep him in Britain. His lawyer confirmed he was flown out of Heathrow Airport this […]

Flybe up for sale weeks after profit warning

Image copyright Getty Images Flybe has put itself up for sale, just weeks after issuing a profit warning. The Exeter-based regional airline’s board confirmed it was “in discussions with a number of strategic operators about a potential sale of the company”. Flybe said it was also reviewing other “strategic options”, including cutting more flights in […]

Berketex Bride collapse: The women without a dress for their wedding

Image copyright Vicky Morgan Image caption Vicky Morgan had paid £1,400 of the £2,000 price tag “Disgusted and desperately disappointed,” is how Vicky Morgan sums up her feelings about bridal chain Berketex Bride’s collapse. Its Leicester shop was the only wedding shop she’d been to after she fell in love with the first dress she […]

German economy contracts in third quarter on weak trade

Image copyright Reuters Germany’s economy contracted in the third quarter of the year, dented by weaker exports, figures have shown. Europe’s largest economy shrank by 0.2% between July and September, as global trade disputes had a knock-on effect for Europe’s largest economy. It was the economy’s first quarter-on-quarter fall since 2015. Compared with the same […]

IMF’s Lagarde says central banks could issue digital money

Image copyright Getty Images International Monetary Fund head Christine Lagarde said central banks around the world should consider issuing digital currency. Speaking in Singapore, Ms Lagarde said this could make digital currency transactions safer. Non-cash payments have increased over the years, raising challenges for governments and central banks. Regulators have voiced concerns with digital currencies […]

Pound surges on hopes of Brexit breakthrough

Image copyright Getty Images The pound has surged against the dollar and the euro amid growing optimism a Brexit deal is close to being agreed. Sterling leapt 1.4% to trade at $1.3036 against the dollar in afternoon trade, whilst against the euro it jumped to a near seven-month high of €1.1542. The move came after […]

Millions ‘misspent on green energy abuse’

Image copyright Getty Images Millions of pounds of public money is being misspent because of “abuse” of green energy schemes, a whistleblower from the energy regulator Ofgem claims. Edd Fyfe, a former counter-fraud officer, alleges big businesses exploited weaknesses in the management of schemes to make huge profits. He claims some firms offered people incentives […]

Berketex Bride in administration

Image copyright Berketex Bride Bridal store Berketex Bride has announced that it has ceased trading and gone into administration. The firm said its 11 outlets in the UK and one in Dublin would be closed from Tuesday and would not reopen. It has been in existence for more than 50 years selling wedding dresses, bridesmaids’ […]

Brexit: Can firms stop stocks running low?

Image copyright Thinkstock Stockpiling is moving up the agenda as Brexit approaches. Concerns about shortages of food, medicines, car parts and much else as the UK adjusts to life outside the EU are growing. Premier Foods, the company behind Bisto and Mr Kipling, is the latest firm to say it will build stocks of raw […]

Spotify launches streaming service in the Middle East

Image copyright Getty Images Music streaming powerhouse Spotify has launched its service across the Middle East, hoping to tap into millions of digitally-connected consumers. Rumours about the service’s launch had been circulating for months. Spotify will face stiff competition from rivals already in operation. Executives from the company hope the service’s launch could cut down […]

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