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Lufthansa to suspend Venezuela flights

Lufthansa to suspend Venezuela flights

Image copyright AFP Image caption Lufthansa says the demand for international flights to Venezuela has dropped The German airline, Lufthansa, has announced that it will suspend flights to Venezuela from 18 June due to economic difficulties in the country. The company also said currency controls in Venezuela made it impossible for airlines to convert their […]

Energy suppliers vent comparison fears

Energy suppliers vent comparison fears

Independent energy companies want consumers to be able to see all available tariffs when using price comparison websites. Six smaller providers fear that only gas and electricity deals from the “Big Six” will show up in searches under proposed new Competition and Markets Authority rules. They fear that such a move would discourage competition. The […]

BHS ‘could have been saved’ – Chappell

BHS ‘could have been saved’ – Chappell

Image copyright Getty Images The man behind the takeover of BHS has said his plan to revitalise the retailer “could have worked”. Dominic Chappell headed up a group called Retail Acquisitions, which bought BHS from Sir Philip Green for a nominal £1 in 2015. He told the BBC’s Newsnight: “We could have saved BHS”. Mr […]

Rental properties flood onto the market

Rental properties flood onto the market

Image copyright Getty Images Landlords who scrambled to buy homes earlier this year are beginning to rent them out, providing tenants with a flood of properties, research suggests. A record number of sales took place in March, as buyers tried to beat last month’s Stamp Duty deadline. That has resulted in an 11.5% rise in […]

Student loan calculator overhauled

Student loan calculator overhauled

Image copyright PA A government loan repayment calculator, used by millions of students, is to be overhauled amid criticism of its sums. The calculator, used to work out university borrowing, was withdrawn a few weeks after a critic said it was operating with flawed assumptions. Female students particularly may have been given an overly optimistic […]

IMF says Brexit ‘bad to very, very bad’

IMF says Brexit ‘bad to very, very bad’

The International Monetary Fund chief has said a vote by the UK to leave the European Union would have “pretty bad, to very, very bad” consequences. Christine Lagarde said she had “not seen anything that’s positive” about Brexit and warned that it could “lead to a technical recession”. She echoed similar comments made on Thursday […]

Banks shut 600 branches in past year

Banks shut 600 branches in past year

Image caption Birchington in Kent has lost all four of its banks over the past year More than 600 bank branches have closed across Britain over the past year, with rural areas worst affected, according to figures obtained by the BBC. Parts of Wales, Scotland and south west England lost the most per population between […]

Manchester United post record revenues

Manchester United post record revenues

Van Gaal’s side can finish fourth but need Man City to lose this weekend Manchester United have posted record third-quarter revenues of £123.4m despite their continued inconsistency on the pitch. The Premier League club reported that total revenue rose by 29.9% in the three months to 31 March. It means they expect to earn between […]

Tesco boss takes home £3m bonus

Tesco boss takes home £3m bonus

Image copyright Reuters Image caption Tesco chief executive Dave Lewis Tesco chief executive Dave Lewis has been paid a bonus of almost £3m for helping return the UK’s biggest supermarket to profit. Mr Lewis, who joined in August 2014 from Unilever, took home a total of £4.63m for 2015/16. He did not receive a bonus […]

Facebook investigates censorship claim

Facebook investigates censorship claim

Image copyright Getty Images Facebook chief executive Mark Zuckerberg has said the company is investigating claims it censored news reports with conservative viewpoints. It follows a week of allegations in the media and discussion in the US Senate. The tech news website Gizmodo had said Facebook staff suppressed articles on conservative topics from the site’s […]