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Ocado shares rise after M&S deal report

Image copyright Getty Images Ocado shares rose as much as 6.7% after a report suggested it may agree a deal with Marks and Spencer to deliver its food and drink.M&S could buy distribution centres and vans from Ocado, the Mail on Sunday reported. It has been exploring options for food delivery online in a bid…
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Tesco's unions seek talks amid fears of 15,000 job cuts

Image copyright Getty Images Unions are calling for urgent talks with Tesco amid fears that the supermarket could cut 15,000 jobs.Unite's national officer for retail distribution, Adrian Jones, said this was a "worrying time" for members, while Usdaw said it was "distressing".Tesco has told staff in an internal memo that restructuring was "still being finalised"…
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Sir Philip Green drops 'gagging' legal action

Image copyright PA Sir Philip Green has dropped legal action against the Daily Telegraph, which prevented the newspaper publishing details of allegations of sexual harassment and racist behaviour.Last October, the Telegraph published a story saying a prominent businessman had been accused of harassment.The Topshop boss was later named as the businessman in the House of…
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Pension savers 'cash in, but lose out'

Image copyright Getty Images Savers focused on cashing-in some of their pension pot are "sleepwalking" into poor financial decisions, experts have warned.The City regulator, the Financial Conduct Authority (FCA), has confirmed plans to make choices clearer to those approaching retirement.Savers can cash in their pension from the age of 55.The FCA wants savers to be…
victims-lose-1m-in-pension-scams

Victims lose £1m in pension scams

Image copyright Getty Images Image caption Pensions have been stolen or put into high-risk schemes Two victims of elaborate pension scams lost more than £1m each to fraudsters, new figures have revealed.The two individuals, whose identities are being protected by the authorities, lost their savings over the two years to June 2018.The data, from police…
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Vale halts bonuses and dividend after dam deaths

Image copyright Getty Images Mining giant Vale says it will curb dividends for shareholders and halt bonuses for managers.Its statement comes as it starts to investigate the dam breach in Brazil which killed 58 people. It is also setting up a committee to offer help to the victims.Rescue teams searching for 300 missing people after…