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New payday loan regulations come into force

New payday loan regulations come into force on Friday, requiring all online lenders to advertise on at least one price comparison website. The new rules are the result of an investigation by the Competition and Markets Authority (CMA), published in February 2015. Lenders are also required to display “prominently” a ...

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Amazon goes shopping offline

Amazon, in its third decade of business, dominates the world of online shopping. But an actual bricks and mortar Amazon store? That’s still as rare as an A-list celebrity sighting. The company opened its seventh US bookshop in New York on Thursday, drawing a steady stream of selfie-snapping gawkers, tourists ...

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Walkers Crisps Gary Lineker campaign suffers Twitter sabotage

Media playback is unsupported on your device You might have thought that big brands would have learned their lesson by now – even the best ideas can get away from you when social media users get their hands on them. And Walkers Crisps’ marketing managers have found that out the ...

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Pension Regulator's website crashes

Thousands of small businesses ordered to register for auto-enrolment pensions face fines after part of the regulator’s website crashed. An online server at the Pensions Regulator has been faulty since Wednesday at least, the BBC understands. Some of the businesses concerned could face fines as a result of missing registration ...

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Ancestry.com denies exploiting users' DNA

A leading genealogy service, Ancestry.com, has denied exploiting users’ DNA following criticism of its terms and conditions. The US company’s DNA testing service has included a right to grant Ancestry a “perpetual” license to use customers’ genetic material. A New York data protection lawyer spotted the clause and published a ...

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Opec extends oil production cuts

Oil producing nations belonging to Opec have agreed to extend production cuts for a further nine months, according to reports. Energy ministers have been meeting in Vienna to discuss extending the cut, which was due to expire next month. Brent crude dipped before regaining some ground to $53.77 a barrel ...

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Fever-Tree founder toasts £73m share sale

One of the co-founders of upmarket mixer drinks maker Fever-Tree has netted £73m after selling a 3.9% stake in the company. Deputy chairman Charles Rolls almost doubled the number of shares he intended to sell following “significant” demand from investors. He sold 4.5 million shares at £16.25 each, but retains ...

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English house-building at highest for a decade

The number of new homes being built in England is at its highest level for ten years, according to government figures. The Department of Communities and Local Government (DCLG) said 162,880 homes were started in 2016/17, with 147,960 completed. Both numbers represent the highest number of new builds since the ...

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Petrofac executive suspended amid fraud probe

Shares in oilfield services firm Petrofac have dived almost 30% after it suspended its chief operating officer Marwan Chedid amid a fraud inquiry. The Serious Fraud Office is probing the firm over allegations of “bribery, corruption and money laundering” relating to oil contractor Unaoil. Petrofac said Mr Chedid had been ...

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Housing market moving sideways, lenders say

The UK housing market appears to be ‘moving sideways’ mortgage lenders have said, as latest figures show a drop in borrowing. The Council of Mortgage Lenders (CML) has reported a sizeable fall in demand for loans during April. Mortgages worth £18.4bn were advanced during the month, an 11% drop on ...

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