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BY Rebecca | 13 May, 2014 | no comments

The Bank of England is failing to disclose the expenses, gifts and diaries of the governor and other senior staff in a “timely manner”. The central bank published the information six months late ten days ago, records show, and has conceded that it is “running behind” on releasing the latest details. MPs on the Treasury select committee raised concerns about…

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BY Rebecca | 3 May, 2014 | no comments

The founder of AO World has said that he “doesn’t look at the share price” of the household appliances retailer, which has plunged by more than 30 per cent since it floated seven months ago. John Roberts said in an interview with Retail Week: “I don’t look at the share price [of AO.com]. We’ve done everything or more that we…

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BY Rebecca | 3 May, 2014 | no comments

A rescue of Monarch Airlines has a “50-50” chance of emerging in the coming week, a source close to negotiations with potential buyers said last night. He was responding to reports that Greybull Capital, a secretive investment fund for the Meyohas family and others, was in pole position to enter exclusive talks to buy Monarch, probably for a nominal sum,…

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BY Rebecca | 21 April, 2014 | no comments

Lloyds Banking Group has refused to comment on reports that the bank might leave Scotland and domicile in the City, despite the “no” vote in the Scottish referendum. On Friday Royal Bank of Scotland, like Lloyds majority-owned by the UK government, said that it would retain its headquarters in Edinburgh. It was one of several financial institutions that had threatened…

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BY Rebecca | 11 April, 2014 | no comments

A small business owner has given up what should have been a lucrative deal with Tesco in protest at the supermarket group’s payment practices. Moo Free Chocolates said that it had to threaten the world’s third largest retailer with a winding up petition — which can force a business into liquidation if it refuses to settle a debt — in…

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BY Rebecca | 1 April, 2014 | no comments

Britain’s oldest bicycle maker is enjoying a renaissance thanks to booming sales in China. Pashley Cycles is finding that its commitment to domestic manufacturing is being rewarded by growing demand from China, which boasts an estimated 500 million bikes. The company, founded in 1928 and based in Stratford-upon-Avon, is expanding into a second base in the town to serve new…

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