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• UK government confirms £900m for ‘shovel-ready’ projects

  03-08-2020 23:41
  Stimulus package in wake of pandemic also includes £360m for new homes
  
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• UK confirms £900m for ‘shovel-ready’ projects

  03-08-2020 23:41
  Stimulus package in wake of pandemic includes £360m for new homes
  
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• Up to 45,000 new homes to be green lit ahead of planning shake-up

  03-08-2020 23:30 via uk.finance.yahoo.com
  
  Up to 45,000 new homes to be green lit ahead of planning shake-up. Treasury to allocate £900m to over 300 ‘shovel ready’ schemes and infrastructure projects
  
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• £900m to be invested in more than 300 infrastructure projects

  03-08-2020 23:30 via uk.finance.yahoo.com
  
  Housing Secretary Robert Jenrick said the funding will 'help build the good quality, affordable homes the country needs'.
  
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• Virgin Galactic's Branson to fly into space in early 2021

  03-08-2020 22:49 via uk.finance.yahoo.com
  
  Branson's trip to space hinges on the success of two upcoming test flight programs, Virgin Galactic Holdings Inc said, with the first powered spaceflight scheduled for this fall from Spaceport America.The company competes with billionaire-backed ventures such as Blue Origin that are vying to usher in a new era of space tourism, racing to be the first to offer sub-orbital flights to civilian space travelers.Virgin Galactic offers zero-gravity experiences to customers with its centerpiece SpaceShi
  
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• 'Eat out to help out': Soho diners make cautious return to restaurants

  03-08-2020 22:47 via uk.finance.yahoo.com
  
  'Eat out to help out': Soho diners make cautious return to restaurants. Punters take tentative steps back to favourite eateries for up to £10 off food and non-alcoholic drinks
  
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• 'Eat out to help out': Soho diners embrace discount scheme

  03-08-2020 22:47 via uk.finance.yahoo.com
  
  'Eat out to help out': Soho diners embrace discount scheme. Punters take tentative steps back to favourite eateries for up to £10 off food and non-alcoholic drinks
  
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• 'Eat out to help out': incentive tempts diners out in Soho

  03-08-2020 22:47 via uk.finance.yahoo.com
  
  'Eat out to help out': incentive tempts diners out in Soho. Punters take tentative steps back to favourite eateries for up to £10 off food and non-alcoholic drinks
  
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• 'Eat out to help out': Diners make cautious return to restaurants

  03-08-2020 22:47 via uk.finance.yahoo.com
  
  'Eat out to help out': Diners make cautious return to restaurantsPunters take tentative steps back to favourite eateries for 50% discounts on food and non-alcoholic drinks* Coronavirus – latest updates* See all our coronavirus coverage
  
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• Call for TikTok security check before HQ decision

  03-08-2020 22:46 via bbc.co.uk
  
  The owner of the short-form video app has London on a shortlist of possible locations.
  
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• Government tells pharma firms to stockpile six weeks’ worth of drugs for end of Brexit transition period

  03-08-2020 22:43 via uk.finance.yahoo.com
  
  The Government has told pharmaceutical companies to stockpile six weeks’ worth of drugs in case of disruption at the end of the Brexit transition period.The Department of Health and Social Care (DHSC) has written to medicine suppliers advising them to make boosting their reserves a priority.
  
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• Few workers heed Boris Johnson's plea to get back to offices

  03-08-2020 22:11 via uk.finance.yahoo.com
  
  Few workers heed Boris Johnson's plea to get back to offices. Places in Birmingham and Canary Wharf in London deserted despite call to return after Covid lockdown
  
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• U.S. economy needs more stimulus and more masks, Fed policymakers say

  03-08-2020 22:07 via uk.finance.yahoo.com
  
  The calls for increased government intervention came as U.S. lawmakers and the White House resumed talks on a new government relief package, including a possible extension of unemployment benefits that expired on Friday."Quickly pulling away the support that consumers and businesses are receiving would be a pretty traumatic move for what's happening in the economy."Echoing those sentiments, though in slightly different terms, were Dallas Federal Reserve Bank President Robert Kaplan and St. Louis
  
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• Fed policymakers call for fiscal support to save U.S. economy

  03-08-2020 22:07 via uk.finance.yahoo.com
  
  The calls for increased government intervention came as U.S. lawmakers and the White House resumed talks on a new government relief package, including a possible extension of unemployment benefits that expired on Friday."The ball is in Congress’ court," Chicago Fed President Charles Evans told reporters on a call.
  
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• Donald Trump wants 'substantial money' for US government in TikTok sale to Microsoft

  03-08-2020 21:28 via uk.finance.yahoo.com
  
  Donald Trump has demanded that the US government receive a “substantial” cut of the proposed takeover deal between Microsoft and TikTok owner ByteDance. The president said that he had given Satya Nadella, Microsoft's chief executive, a blessing to buy the controversial video app from its Chinese owner during a conversation on Sunday. However, he insisted that the US Treasury would receive a payment for green-lighting the purchase. "I did say that "If you buy it…a very substant
  
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• Boris Johnson's plea to get back to work falls on deaf ears

  03-08-2020 21:14 via uk.finance.yahoo.com
  
  Boris Johnson's plea to get back to work falls on deaf ears. Offices in Birmingham and Canary Wharf in London deserted despite call to return after Covid lockdown
  
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• Couple speak out after being dragged from dying daughter

  03-08-2020 21:10 via uk.finance.yahoo.com
  
  Dr Aliya and Dr Rashid Abbasi have spoken out about their treatment after they were forcibly taken from their dying daughter's hospital bed by police. The police and hospital concerned dispute the parents' version of events.
  
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• TikTok sale: Trump approves Microsoft’s plan but says US should get a cut of any deal

  03-08-2020 20:58 via uk.finance.yahoo.com
  
  TikTok sale: Trump approves Microsoft’s plan but says US should get a cut of any deal. Acquisition plans confirmed hours after Mike Pompeo says Chinese firms feeding data to Communist party
  
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• U.S. FAA proposes requiring key Boeing 737 MAX design changes

  03-08-2020 20:38 via uk.finance.yahoo.com
  
  The Federal Aviation Administration said on Monday it is proposing requiring four key Boeing 737 MAX design changes to address safety issues seen in two crashes that killed 346 people and led to the plane's grounding in March 2019.The agency is issuing a proposed airworthiness directive to require updated flight-control software, revised display-processing software to generate alerts, revising certain flight-crew operating procedures, and changing the routing of some wiring bundles.The announcem
  
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• U.S. FAA lays plan for Boeing 737 MAX's return; hurdles remain

  03-08-2020 20:38 via uk.finance.yahoo.com
  
  The U.S. Federal Aviation Administration said on Monday it is proposing requiring four key Boeing Co 737 MAX design and operating changes to address safety issues seen in two fatal crashes that led to the plane's grounding in March 2019.The agency is issuing a proposed airworthiness directive to require updated flight-control software, revised display-processing software to generate alerts, a revision of certain flight-crew operating procedures and changes in the routing of some wiring bundles.W
  
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• TikTok ponders HQ in London after Donald Trump’s hostility

  03-08-2020 20:32 via uk.finance.yahoo.com
  
  TikTok ponders HQ in London after Donald Trump’s hostility. Video app’s owner ByteDance already has 800 of its European workforce in UK and Ireland
  
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• ‘Eat Out’ scheme fills tables but operators worry about afters

  03-08-2020 20:23
  Hospitality businesses cheered by positive response to 50% discount initiative
  
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• HSBC is biggest loser in never-ending US-China global power play

  03-08-2020 20:16 via uk.finance.yahoo.com
  
  HSBC is biggest loser in never-ending US-China global power play. Europe’s biggest bank is being buffeted by the pandemic and crossfire between Beijing and Washington
  
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• GM asks judge to reinstate racketeering case against rival Fiat Chrysler

  03-08-2020 20:10 via uk.finance.yahoo.com
  
  In the filing, with U.S. District Judge Paul Borman, GM says the scheme, which it alleges occurred between FCA executives and former United Auto Workers (UAW) leaders, "is much broader and deeper than previously suspected or revealed as it involved FCA Group apparently using various accounts in foreign countries ... to control corrupt individuals by compensating and corrupting those centrally involved in the scheme to harm GM."Last month, Borman threw out the racketeering lawsuit, saying the No.
  
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• General Motors asks court to reinstate racketeering case against Fiat Chrysler

  03-08-2020 20:10 via uk.finance.yahoo.com
  
  "These new facts warrant amending the court's prior judgment, so we are respectfully asking the court to reinstate the case," GM said in a statement.Last month, a federal judge threw out a racketeering lawsuit GM had filed against Fiat Chrysler, saying the No. 1 U.S. automaker's alleged injuries were not caused by FCA's alleged violations.
  
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• UK high streets get boost as 'eat out to help out' scheme begins

  03-08-2020 19:47 via uk.finance.yahoo.com
  
  UK high streets get boost as 'eat out to help out' scheme begins. Data shows nearly 30% more people visited high streets compared with same time last week
  
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• Jobs blow as DW Sports and Hays Travel announcements affect 2,600

  03-08-2020 19:41 via uk.finance.yahoo.com
  
  Jobs blow as DW Sports and Hays Travel announcements affect 2,600. Retailer and gym operator collapses and travel agent chain announces redundancies
  
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• Jobs blow as DW Sports and Hays Travel announcements affect 2,500

  03-08-2020 19:23 via uk.finance.yahoo.com
  
  Jobs blow as DW Sports and Hays Travel announcements affect 2,500. Retailer and gym operator collapses and travel agent chain announces redundancies
  
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• More than half of British gilt market in negative-yield territory - Tradeweb

  03-08-2020 19:22 via uk.finance.yahoo.com
  
  More than half of the British government bond market has negative yields, data from bond trading platform Tradeweb showed on Monday.According to Tradeweb, more than half of the British government bonds traded on its platform now carry negative yields.Its data showed that the pile of negative-yielding gilts rose to around 1.33 trillion pounds ($1.74 trillion) as of end-July or just over 53% of a total market worth almost 2.5 trillion pounds.
  
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• Government urges post-Brexit drug stockpiles

  03-08-2020 19:21 via bbc.co.uk
  
  Firms should have six weeks' worth of post-Brexit drug stockpiles by the end of 2020, the government says.
  
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• Chinese artificial intelligence company files $1.4 billion lawsuit against Apple

  03-08-2020 19:06 via uk.finance.yahoo.com
  
  Chinese artificial intelligence company Shanghai Zhizhen Intelligent Network Technology Co Ltd, also known as Xiao-i, has filed a lawsuit against Apple Inc , alleging it has infringed on its patents.The company is calling for 10 billion yuan ($1.4 billion/£1.10 billion) in damages and demands that Apple cease "manufacturing, using, promising to sell, selling, and importing" products that infringe on the patent, it said in a social media post.In the lawsuit filed in a local Chinese court, X
  
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• BP dividend hangs in the balance

  03-08-2020 18:43 via uk.finance.yahoo.com
  
  Oil prices dropped fell below $40 on Monday for the first time in several weeks as mounting concerns about oversupply weighed on energy markets. The slide provides a gloomy backdrop to BP’s second quarter results released on Tuesday morning that are expected to reveal a big loss for the oil titan. Analysts suggest that the market widely expects the London-listed company to follow in the footsteps of rival Shell, which slashed its dividend by two thirds last quarter, in what would be a majo
  
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• DW Sports chain collapse threatens 1,700 jobs

  03-08-2020 18:40 via bbc.co.uk
  
  The firm, founded by former Wigan Athletic owner Dave Whelan, ran 73 gyms and 75 stores across the UK
  
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• London stocks push higher despite second wave fears

  03-08-2020 18:39 via uk.finance.yahoo.com
  
  The FTSE 100 closed 135.09 points lower at 6,032.85p at the end of trading on Monday.
  
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• Beyond TikTok: Who else might President Trump ban?

  03-08-2020 18:28 via bbc.co.uk
  
  Other Chinese-owned software could face difficulties in the US, if TikTok ban goes ahead.
  
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• Google unveils first 5G phones, cuts price on base Pixel model

  03-08-2020 18:22 via uk.finance.yahoo.com
  
  The company also cut the starting price for its smartphone lineup with a non-5G version of 4a priced at $349, looking to broaden its appeal among budget-conscious customers.Like Apple Inc , which launched a smaller iPhone priced at $399 this April, Google's budget-priced smartphone reflects reaching out to consumers who have been hit by the coronavirus-led economic downturn.Google's lower-priced devices have been top sellers, but are far from being major profit drivers.
  
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• U.S. auto sales pandemic recovery continues as Toyota decline slows

  03-08-2020 18:08 via uk.finance.yahoo.com
  
  U.S. new vehicle sales in July continued to show signs of recovery from the coronavirus pandemic, as Toyota Motor Corpon Monday posted its lowest sales decline since the COVID-19 outbreak slammed the sector in mid-March.The rebound in U.S. auto sales since hitting a bottom in April has seen major automakers scramble to ramp up production and boost weak inventories at dealerships, especially in states where they remained open throughout the shutdowns.The rebound in sales, though, could be threate
  
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• Virgin Galactic signs deal with Rolls-Royce to develop supersonic aircraft

  03-08-2020 18:01 via uk.finance.yahoo.com
  
  Sir Richard Branson’s company is collaborating with Rolls-Royce on a commercial supersonic aircraft.
  
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• Natixis replaces CEO after second quarterly loss in a row

  03-08-2020 17:56 via uk.finance.yahoo.com
  
  French investment bank Natixisannounced on Monday it was replacing its CEO with the finance chief of its parent company in order to prepare a new strategy after it reported its second straight quarterly loss.Natixis shares have almost halved this year, prompting reports its parent company BCPE was considering taking it private - a prospect the group denied.Natixis said the board of directors had appointed Nicolas Namias, head of group finance and strategy at BPCE, as the bank's new CEO with effe
  
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• Natixis appoints new CEO after second quarterly loss in a row

  03-08-2020 17:56 via uk.finance.yahoo.com
  
  French investment bank Natixisreported its second quarterly loss in a row on Monday and announced the departure of Chief Executive Francois Riahi.Natixis said the board of directors had appointed Nicolas Namias, head of group finance and strategy at parent company BPCE, as the bank's new CEO with effect from Aug. 4.Natixis lost 57 million euros (51.38 million pounds) in the second quarter as its equity trading suffered and the bank increased provisions for potential bad loans due to the COVID-19
  
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• Hays Travel tells Boris to ‘save summer’ as it cuts 900 jobs

  03-08-2020 17:55 via uk.finance.yahoo.com
  
  The bosses of Britain’s biggest independent travel agent have called on Boris Johnson to "save summer" by restarting flights to the Spanish islands, as they cut up to a fifth of their 4,500-strong workforce. Hays Travel owners John and Irene Hays said some of the 878 jobs at risk could be saved if the Government introduces “regional travel corridors” to the Spanish islands. Ms Hays told The Telegraph: "We believe that it is retrievable. We also believe that the evidence that we
  
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• Jaguar Land Rover loses legal battle to trademark Defender design

  03-08-2020 17:54 via uk.finance.yahoo.com
  
  Jaguar Land Rover has lost a legal battle to trademark the shape of its Defender 4x4 – clearing the way for billionaire Sir Jim Ratcliffe to build his “spiritual successor” to the famed off-roader. A High Court judge dismissed an appeal by JLR after the UK Intellectual Property Office (IPO) refused to issue a trademark for the model. The decision allows chemicals tycoon Sir Jim to forge ahead with his own version of the original Defender as he seeks to plug a gap in the market
  
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• Is the Barclays share price now too cheap to ignore?

  03-08-2020 17:51 via uk.finance.yahoo.com
  
  This is what I’d do about the Barclays share price as City analysts forecast a robust earnings recovery and the net asset value sits around 0.3.The post Is the Barclays share price now too cheap to ignore? appeared first on The Motley Fool UK.
  
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• Reverse growth and share better

  03-08-2020 17:48 via uk.finance.yahoo.com
  
  Reverse growth and share better. To achieve greater happiness we need to see ways in which society’s product is distributed more equally, writes Jeremy Cushing
  
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• Ex-Arm co-founder warns sale to Nvidia would be a disaster

  03-08-2020 17:48 via uk.finance.yahoo.com
  
  The sale of Arm to US chip designer Nvidia would be a disaster, a co-founder of the British microchip firm has warned. Hermann Hauser, a pioneer of the Cambridge tech scene and venture capitalist who helped spin the former FTSE-100 company out of its parent company, Acorn, told the BBC that “decisions will be made in America” and “no longer in Cambridge” if Arm was sold to the US technology giant. The Cambridge-based chip designer, which was bought for £24.3bn ($32b
  
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• Stock market crash: FTSE 100 has fallen 23% in 2020. I’d invest £5,000 in cheap UK shares like these now

  03-08-2020 17:40 via uk.finance.yahoo.com
  
  The stock market crash’s effect on the FTSE 100 index is still visible. But, it has also given opportunities to buy quality shares at low prices. The post Stock market crash: FTSE 100 has fallen 23% in 2020. I’d invest £5,000 in cheap UK shares like these now appeared first on The Motley Fool UK.
  
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• Poland fines Gazprom $57 million over Nord Stream 2

  03-08-2020 17:39 via uk.finance.yahoo.com
  
  Poland's anti-monopoly watchdog UOKiK said on Monday it had fined Gazprom 213 million zloty ($57 million/£43.44 million)over a lack of cooperation in its proceedings with regard to the Nord Stream 2 pipeline project.Poland sees Nord Stream 2, which would double Russia's gas export capacity via the Baltic Sea, as a threat to Europe's energy security, saying it will strengthen Gazprom's market dominance.UOKiK has been examining the project for years.
  
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• Market report: Rolls-Royce shares dive to 16-year low

  03-08-2020 17:39 via uk.finance.yahoo.com
  
  Shares in Rolls-Royce touched a 16-year low on Monday as speculation that the group will launch an equity raise continued. The FTSE 100 engineer – which has seen its price battered as a result of Covid-19 – dipped as much as 8pc during the session, touching its lowest level since 2004. However, news of the group’s plans to work with Virgin Galactic to develop engine propulsion technology for high-speed commercial aircraft helped it pull out of its nosedive, to close down 1.2p a
  
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• Market report: Rolls-Royce shares dive to 12-year low

  03-08-2020 17:39 via uk.finance.yahoo.com
  
  Shares in Rolls-Royce touched a 12-year low on Monday as speculation that the group will launch an equity raise continued. The FTSE 100 engineer – which has seen its price battered as a result of Covid-19 – dipped as much as 8pc during the session, touching its lowest level since 2008. However, news of the group’s plans to work with Virgin Galactic to develop engine propulsion technology for high-speed commercial aircraft helped it pull out of its nosedive, to close down 1.2p a
  
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• Siemens Healthineers plans two-step 7.5 billion euro capital hike for Varian acquisition - sources

  03-08-2020 17:30 via uk.finance.yahoo.com
  
  Siemens Healthineersplans a two-step capital increase to raise 7.5 billion euros (6.76 billion pounds) via share placements to help finance its acquisition of Varian Medical Systems , sources close to the matter said on Monday.The German health group said on Sunday it was buying U.S. peer Varian in a $16.4 billion deal that seeks to create the global leader in cancer care solutions.Varian shares rose 22% in early trading on Monday, while Healthineers' shares were down 6.7% at 41.00 euros each on
  
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