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Three apologises after network problems

Three apologises after network problems

Image copyright Three Mobile phone company Three has apologised after some of its customers were unable to make calls or texts. The company said it had a “temporary network issue” which affected calls and texts during Saturday afternoon and evening. It said calls had since been restored and that it is working to restore full […]

First coal-free day in Britain since Industrial Revolution

First coal-free day in Britain since Industrial Revolution

Britain went a full day without using coal to generate electricity for the first time since the Industrial Revolution, the National Grid says. The energy provider said Friday’s lack of coal usage was a “watershed” moment. Britain’s longest continuous energy period without coal until now was 19 hours – first achieved last May, and again […]

Lloyds: Taxpayers get all their money back after rescue

Image copyright Reuters The £20.3bn spent bailing out Lloyds Banking Group during the financial crash has been re-paid in full, UK chancellor Philip Hammond has said. Nine years after the government bought 43.4% of Lloyds, the taxpayer has now got slightly more – £20.4bn – back. The government began selling off its stake to investors […]

UK set for first full day without coal power

UK set for first full day without coal power

Image copyright Getty Images Image caption Battersea Power Station, a decommissioned coal-fired plant, is being redeveloped into offices and flats. The UK is set to spend its first full day without generating electricity from coal on Friday, the National Grid says. It said the previous longest continuous period without coal-generation was 19 hours, achieved last […]

Barbie out of fashion as Mattel slumps

Barbie out of fashion as Mattel slumps

Image copyright Getty Images Barbie sales fell 13% in the first quarter, adding to a much worse-than-expected slump for Mattel, the world’s largest toy company. It was the second consecutive quarter of falling sales for the doll, which has been a key part of the firm’s product range for almost six decades. Mattel said sales […]

UK’s online shoppers top global spending survey

UK’s online shoppers top global spending survey

Image copyright Science Photo Library Online shoppers in the UK spend more per household than consumers in any other country, a report says, amid a shift from stores to the internet. UK households spent the equivalent of $5,900 (£4,611) using payment cards online in 2015, the UK Cards Association said. This was higher than Norway […]

Car insurance premiums jumped by 8% in past year

Car insurance premiums jumped by 8% in past year

Image copyright Getty Images The average car insurance premium rose by 8% in the past year to £462, says the Association of British Insurers. The ABI said the £34 rise had pushed average premiums to their highest level since its records started in 2012. The main reasons were higher repair bills, increases in insurance premium […]

Tesla recalls 53,000 cars over brake issue

Tesla recalls 53,000 cars over brake issue

Image copyright Getty Images Tesla has issued a voluntary global recall for some of its Model S and Model X cars to fix a problem with the parking brake. The electric car maker said about 2% of the 53,000 vehicles built from February to October 2016 were affected, but all of those cars are being […]

Marks and Spencer to close six stores

Marks and Spencer to close six stores

Image copyright PA Marks and Spencer has named six stores which will close as part of chief executive Steve Rowe’s plans to improve the business. The company said 380 staff would be affected but they would be guaranteed redeployment at a nearby store. M&S will also open 36 new stores over the next six months, […]

Debenhams unveils turnaround strategy

Debenhams unveils turnaround strategy

Image copyright Reuters Department store group Debenhams has announced a turnaround strategy aimed at boosting its appeal as a “destination” shop and improving its online service. The plan means up to 10 of its 176 UK stores may be closed over the next five years. A central distribution warehouse and about 10 smaller warehouses could […]

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