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Thousands leave SSE and Scottish Power after price rises

A third of a million customers have deserted the two big energy suppliers based in Scotland following recent price rises. About 230,000 households switched away from SSE in the three months to the end of June. The supplier raised its dual-fuel prices by 6.9% on 28 April. Separately, Scottish Power ...

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Rail electrification plans scrapped by Government

The government has scrapped the planned electrification of railway lines in Wales, the Midlands and the North. Transport Secretary Chris Grayling said the government will instead introduce faster trains with more seats and better on-board facilities. He said: “We are making the biggest investment in the railways since the Victorian ...

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Eurozone interest rates kept unchanged

Eurozone interest rates have been kept unchanged by the European Central Bank (ECB), as expected, with the benchmark rate remaining at 0%. Attention now switches to ECB president Mario Draghi’s news conference, at which he will explain the decision. Markets will be scrutinising his comments for any signs as to ...

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Sky deal: Murdoch faces further delay over Fox bid

Rupert Murdoch will have to wait a few more weeks to find out whether his bid for control of Sky will be the subject of an in-depth competition probe. Culture Secretary Karen Bradley said she was “still minded” to refer the bid by Murdoch-controlled 21st Century Fox to the Competition ...

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Gas man late? You could be entitled to £30 compensation

It’s the bugbear that troubles millions of householders – the boiler engineer who doesn’t turn up when promised. But under little-known rules that came in last year, customers are entitled to claim £30 whenever an engineer misses his or her four-hour time slot. Furthermore, if they aren’t given the money ...

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FTSE 100 rallies but EasyJet shares slip

The UK market opened higher but shares in EasyJet fell more than 5% despite the airline raising its estimate for full-year profits. The carrier said it now expected to report profits of between £380m and £420m, although that is still below last year’s figure of £495m. Analysts at Liberum said ...

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Warm weather boosts UK retail sales

UK retail sales rose by more than expected in June, rebounding from May’s decline, according to the Office for National Statistics (ONS). The quantity of goods bought rose by 0.9% in June from May, which was stronger growth than economists had been expecting. The risen was driven by strong sales ...

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Laptop ban: US lifts restrictions on Saudi Arabian flights

The ban on laptops in cabins of direct flights from Saudi Arabia to the United States has been lifted according to Saudi Arabian Airlines. It says two hub airports which serve the US have received clearance from the US Department of Homeland Security. Riyadh’s King Khalid airport is the last ...

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Dalian Wanda $9.3bn deal in 'crazy' restructuring

One of China’s biggest ever property deals is being restructured, less than a week after it was announced. Dalian Wanda had said it was selling 13 tourism projects – including three theme parks – and 77 hotels to developer Sunac for $9.3bn (£7.1bn). But now the deal is being split, ...

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Singapore Airlines reviews nut policy after toddler scare

An allergy scare involving a three-year-old toddler has prompted Singapore Airlines to review the serving of nuts on board its flights. Marcus Daley suffers from anaphylaxis, a potentially life-threatening condition which can be triggered by food including peanuts and shellfish. He was travelling with his parents to Melbourne after a ...

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