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Drugmaker Valeant cuts profit forecast

Valeant reports loss and cuts profit forecast 7 June 2016 From the section Business Image copyright AP Embattled drugmaker Valeant has reported a first-quarter loss and cut its full-year profit forecast. Shares in the Canadian firm, which has been investigated over its business and accounting practices, sank 14% in pre-market ...

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Alliance Trust 'takeover talks' off

Alliance Trust ‘takeover talks’ called off By Douglas Fraser Business/economy editor, Scotland 7 June 2016 From the section Tayside and Central Scotland Image caption Alliance Trust invests nearly £3bn worth of shareholder assets Talks about a possible takeover of Alliance Trust in Dundee by the asset fund linked to the ...

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Eurozone growth revised back up to 0.6%

Eurozone economic growth revised back up to 0.6% 7 June 2016 From the section Business Image copyright Getty Images The rate of eurozone economic growth for the first quarter of 2016 has been revised back up to 0.6%, raising hopes of recovery in the 19-nation bloc. The Eurostat statistics agency ...

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Shell cost-cutting drive to continue

Royal Dutch Shell cost-cutting drive to continue 7 June 2016 From the section Business Image copyright AP Royal Dutch Shell plans more asset sales and cost-cutting over the next few years as the energy giant adjusts to prolonged low oil and gas prices. Announcing a new mid-term strategy to transform ...

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Insurer considers Gocompare demerger

Gocompare demerger considered by insurer Esure 7 June 2016 From the section Business Image copyright Esure Image caption Will Gocompare go it alone? Insurance group Esure has said it is considering options for its Gocompare price comparison website, including a possible demerger. Esure said it had “reinvigorated” the marketing strategy ...

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House price growth 'to slow further'

House price slowdown to continue, Halifax says By Brian Milligan Personal Finance reporter 7 June 2016 From the section Business Growth in house prices is likely to slow over the rest of this year, the UK’s largest mortgage lender has said. The Halifax said house price inflation in the year ...

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FTSE rises as commodity rally continues

FTSE 100 rises as commodity rally continues 7 June 2016 From the section Business Image copyright Getty Images (Open): London’s benchmark share index opened higher as the recovery in commodity-related stocks continued. The FTSE 100 index rose 44.48 points, or 0.7%, to 6,317.88. Mining and oil stocks dominated the risers ...

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T-Mobile US customers to get free shares

T-Mobile US customers offered free shares 7 June 2016 From the section Business Image copyright AP Image caption John Legere has said T-Mobile US wants to be a company that “takes you to dinner and a movie” T-Mobile US is to offer about 10 million of its customers free shares ...

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Teesside can be 'bustling powerhouse'

Heseltine: Teesside can become ‘bustling powerhouse’ 7 June 2016 From the section UK Image copyright Getty Images The Tees Valley, where thousands of jobs were lost when a steelworks closed, can become a “bustling powerhouse of economic activity”, an independent report will say. The report by Lord Heseltine is looking ...

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Middle-class 'face savings squeeze'

Middle-class ‘face savings squeeze’ 7 June 2016 From the section Business Image copyright PA A third of middle-class families would need to borrow to pay an unexpected bill of £500, according to a new survey. The YouGov poll for the Times found 31% of ABC1 workers, which includes junior managers ...

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