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More than 2,500 products 'have shrunk'

As many as 2,529 products have shrunk in size over the past five years, but are being sold for the same price, official figures show. The Office for National Statistics (ONS) said it was not just chocolate bars that have been subject to so-called “shrinkflation”. It said toilet rolls, coffee ...

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FTSE 100 lower as airline shares fall

Shares in airlines opened lower after comments from Ryanair raised fears of a price war in the sector. Ryanair said it could cut fares by as much as 9% on some routes in the next few months as competition intensified. Its comments overshadowed news of a 55% rise in first-quarter ...

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Ryanair warns of airline fares war this summer

Ryanair says it could cut fares by as much as 9% on some routes as competition in the airline industry intensifies in the next few months. The warning from Europe’s largest carrier by passenger numbers follows similar comments about price pressures from Ryanair’s rivals in recent weeks. Competition was growing ...

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Uber rival Grab to raise $2.5bn in fresh investments

Southeast Asian ride-hailing firm Grab has raised $2.5bn (£1.9bn) in fresh funds, in what it says is the region’s biggest ever round of investment. Didi Chuxing, which effectively ended Uber’s ambitions in China, is one of the key backers. Along with Japan’s Softbank, Didi will invest up to $2bn. The ...

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Takata scandal: Faulty airbags still used in refits

Faulty Takata airbags, which have been linked to deaths around the world, are being replaced by new faulty airbags, Australian consumer group Choice says. The organisation said five carmakers had admitted swopping airbags for identical devices in Australia as a temporary fix. Toyota said the replacements would be safe for ...

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Quorn booms as 'flexitarians' increase

Meat substitute company Quorn Foods says it has seen “unprecedented” global growth in the first half of this year, with sales up 19% worldwide. The firm says it is benefiting from the rise of the “flexitarian” diet. This means more people have been reducing meat consumption in favour of more ...

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Electricity revolution could save consumers up to £40bn

Consumers could save billions of pounds thanks to a revolution in the way electricity is made, used and stored, the government has claimed. New rules will make it easier for people to generate their own power with solar panels, store it in car batteries and sell it to the National ...

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UK and US to start talks on post-Brexit trade deal

The UK is to hold its first talks with the US to try to sketch out the details of a potential post-Brexit trade deal. International Trade Secretary Liam Fox will spend two days in Washington with US counterpart Robert Lighthizer. EU rules mean the UK cannot sign a trade deal ...

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World's first floating wind farm emerges off coast of Scotland

The world’s first full-scale floating wind farm has started to take shape off the north-east coast of Scotland. The revolutionary technology will allow wind power to be harvested in waters too deep for the current conventional bottom-standing turbines used. The Peterhead wind farm, known as Hywind, is a trial which ...

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VW denies £2.5m London congestion charge bill

Car firm Volkswagen (VW) has said it will not pay the £2.5m the mayor of London claims it owes in missed congestion charge payments, following the 2015 emissions-rigging scandal. Sadiq Khan said 80,000 VW engines fitted with “defeat devices” were registered in London. The devices, which detected when an engine ...

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