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Holiday childcare: Five ways to beat the cost

Holiday childcare: Five ways to beat the cost

Image copyright Ugochukwu Nwamo Image caption Ugochukwu Nwamo has set up a childcare group with friends and family on Telegram The school summer holidays have now officially begun for most children. The kids may well be excited, but for working parents managing the six week period of no school and hence no state childcare, can […]

Landlords in legal challenge to House of Fraser rescue

Landlords in legal challenge to House of Fraser rescue

Image copyright Alamy A group of landlords is going to court over the rescue plan for House of Fraser saying it treated them unfairly. In June, House of Fraser creditors agreed to a company voluntary arrangement (CVA) – a rescue deal under which 31 stores were closed and rents at 10 other stores were slashed […]

Holidaymakers hit as pound falls

Holidaymakers hit as pound falls

Image copyright Getty Images Britons heading abroad at the start of the summer are being hit by the poorest exchange rates for almost nine months. On Friday, the Moneycorp bureau at Stansted airport was offering just €0.89 for each pound on Friday, one of the lowest rates ever seen. Holidaymakers heading to the US were […]

Ryanair pilot strike to continue next week

Ryanair pilot strike to continue next week

Image copyright Reuters Ryanair is to cancel 16 flights to and from the Republic of Ireland on Tuesday, affecting 2,500 passengers, because of a strike by pilots. The action, by Ireland-based pilots. has already led to two 24-hour strikes, with 4,000 passengers being affected by flight cancellations on Friday. The pilots’ union said that talks […]

UK government borrowing at 11-year low

UK government borrowing at 11-year low

Image copyright Getty Images Government borrowing in the April-to-June period fell to its lowest level since 2007, official figures show. Borrowing for the financial year so far has reached £16.8bn, £5.4bn less than in the same period in 2017, the Office for National Statistics said. June’s borrowing figure fell to £5.4bn, which was down from […]

Ryanair flight cancellations to hit UK and Ireland routes

Ryanair flight cancellations to hit UK and Ireland routes

Image copyright Reuters A strike by Ryanair pilots is set to go ahead on Friday resulting in the cancellation of 24 flights between the Republic of Ireland and the UK. It is the second of three 24-hour strikes involving Ireland-based pilots directly employed by Ryanair. The pilots’ union said that talks on Wednesday between the […]

Comcast likely to be new owner of Sky

Comcast likely to be new owner of Sky

Image copyright Getty Images Image caption Rupert Murdoch had been trying to take full control of Sky Comcast is likely to be the new owner of Sky, BBC Business Editor Simon Jack has learned. It means that Rupert Murdoch’s 21st Century Fox has failed in its bid to take full control of Sky. Instead, Disney […]

Poundworld to disappear from the High Street

Poundworld to disappear from the High Street

Poundworld has announced the closure of its remaining 190 stores with the loss of 2,339 jobs. The discount goods retailer, which went into administration in June, said the stores would close by 10 August. In total the collapse of the chain, which had 335 stores, will result in the loss of 5,100 jobs. Administrators, Deloitte, […]

Royal Mail hit by shareholder revolt over bosses’ pay

Royal Mail hit by shareholder revolt over bosses’ pay

Image copyright Getty Images Royal Mail shareholders have rebelled against its pay plans for top executives following a row over a salary rise for its new boss. The directors’ remuneration report was rejected by about 70% of shareholders in a vote, which is non-binding, at Royal Mail’s annual meeting. New chief executive Rico Back is […]

Publishers warn of Brexit threat to record exports

Publishers warn of Brexit threat to record exports

Image copyright Getty Images The UK publishing industry has warned that Brexit could damage its record-breaking export business. The boss of the Publishers Association said any tariffs or other barriers to trade post-Brexit “could be a problem”. His warning came as the industry body reported record sales of £5.7bn in 2017, up 5% on the […]

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