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Ansell offloads condom division for $600m

A Chinese consortium has paid $600m (£462m) for the world’s second-largest condom maker. Australia’s Ansell is selling its condom division to Humanwell Healthcare Group and CITIC Capital China Partners in an all-cash deal. Global sales of its brands, which include Mates, Skyn and Jissbon, lag behind Reckitt Benckiser’s Durex. The ...

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Apple's Jonathan Ive says immigration vital for UK firms

The UK must keep its doors open to top talent from around the world if its technology firms are to thrive, Apple’s chief designer has told the BBC. Sir Jonathan Ive, who has just been appointed Chancellor of the Royal College of Art, also said that technology hubs like Silicon ...

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Net migration to the UK falls to 248,000 in 2016

Net migration to the UK was estimated to be 248,000 in 2016 – a fall of 84,000 from 2015, figures show. The Office for National Statistics said the change was driven by “a statistically significant” increase of 40,000 people leaving the country. These were mostly EU citizens – 117,000 emigrated, ...

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UK growth estimate revised down

The UK’s economy grew more slowly than first estimated in the first three months of the year, according to official figures. The Office for National Statistics (ONS) now says the economy expanded by 0.2% in the quarter – slower than its original estimate of 0.3%. It said the change was ...

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FTSE firm as Wizz Air takes off

London’s stock market edged higher in early trade as it remained close to record highs. The benchmark FTSE 100 index rose 3 points to 7,517.90, not far from its record closing high of 7,522.03. However, one of the more eye-catching performances came in the FTSE 250 from budget airline Wizz ...

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Halfords profits hit by weak pound

Annual profits at Halfords have been hit by the weak pound despite a strong rise in sales. The car parts, bikes and camping retailer said pre-tax profits fell 10.5% to £71.4m for the year to March. Revenue was up 7.2% to nearly £1.1bn, boosted by the acquisition of upmarket bike ...

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UK car production fall blamed on late Easter

The number of cars made in the UK fell by almost a fifth in April, with the later Easter break blamed for the drop. The Society of Motor Manufacturers and Traders said 122,116 cars were built in April, an 18% fall compared with the same month last year. It said ...

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Mongolia gets financial aid totalling $5.5bn from IMF

Mongolia has received a $5.5bn (£4.2bn) aid package to stabilise its economy and push through much-needed reforms. In return, Mongolia agreed to cut spending and raise taxes as well as build a stronger network for its financial services. The resource-rich nation suffered a slowdown after commodity prices collapsed, and demand ...

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Dollar slips after cautious Fed minutes

US central bank policymakers want to see proof the country’s economic slowdown is temporary before they raise interest rates, according to minutes of their latest meeting. They said it would be “prudent to await additional evidence… that a recent slowdown in the pace of economic activity had been transitory”. Markets ...

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Aston Martin roars back into profit

Aston Martin has posted a first-quarter profit for the first time in a decade, the sports car maker said. The company made a pre-tax profit of £5.9m for the three months to March following strong sales of its new DB11 model launched late last year. Revenues more than doubled to ...

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