EE fined £2.7m for overcharging customers

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Mobile operator EE has been fined £2.7m by the telecoms regulator, Ofcom, for overcharging tens of thousands of customers. The watchdog found that the UK’s biggest mobile network broke a billing rule on two occasions. Users who called its 150 customer services number while roaming within the EU were incorrectly … Read More

Pound falls ahead of May Brexit speech

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The pound has hit its lowest level for more than three months on reports Britain was set to quit the EU single market as part of its Brexit plans. Sterling fell below the $1.20 level before recovering slightly on Monday. The pound also dropped to a two-month low against the … Read More

Pound falls on May’s Brexit comments

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The value of the pound has fallen to a two-month low against major currencies after Prime Minister Theresa May signalled the UK would pursue a so-called “hard Brexit” from the EU. Sterling fell about 1% across the board. The only currency against which it gained ground was the Turkish lira. … Read More

Train fares rise by an average of 2.3%

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Rail passengers are facing higher fares across the UK as average price increases of 2.3% are introduced on the first weekday of the new year. The increase covers regulated fares, including season tickets, and unregulated, such as off-peak tickets. Campaigners said the rise was a “kick in the teeth” for … Read More

Co-op creating 1,500 jobs in 100 new food stores

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Co-op will create 1,500 jobs in 100 new food stores in 2017. Focus will initially be on London and the South East, with five new Co-op sites in the capital by March. New stores will also appear in Swansea, Kings Bromley in Staffordshire, Beverley in East Yorkshire, Northfields in East … Read More

RBS settles three claims over 2008 fund raising

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Royal Bank of Scotland has reached a deal with three of the five shareholder groups who allege they were misled over the bank’s £12bn fund raising in 2008. RBS said it had reached a “full and final settlement” with the three, and would now seek to agree terms with the … Read More

Dunelm buys Kiddicare in online push

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Furnishings retailer Dunelm has agreed to buy baby goods specialist Kiddicare in a push to boost its online offering. Dunelm will acquire the baby goods retailer as part of an £8.5m deal for online shopping group Worldstores. It is the latest twist for Kiddicare, which was bought by supermarket chain … Read More

Ryanair raises passenger growth forecast despite Brexit

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Ryanair has raised its long-term traffic forecast by 10% and predicts it will be carrying more than 200 million passengers a year by March 2024. The airline said it believed it could deliver profitable growth across Europe “despite the uncertainty of Brexit”. However, the UK’s vote to leave the EU … Read More