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The Independent (U.K.) 

Why do employers rarely offer explanations to rejected candidates?

Will you tell that guy that you won't grab dinner with him because, to be honest, you found him a bit creepy and plus he's kind of ugly?

For some oligarchs, when the seas are rough, they sail off to Zug

Don’t you just hate it when the paint job on your £200m superyacht doesn’t come up shiny enough?

Like a portent of blackouts to come, our IT systems are creaking and crashing

As someone undergoing the torturous process of switching mortgage provider, I’ve just got over the trauma of calculating my monthly entertainment budget and guessing at what age I might retire.

Is AIG's former boss the $180bn bailout victim?

“Remember the big financial crisis, 2008? Well, when was the last time you got good and angry about it? Want to?”

Market Report: Gatwick is not the new Texas

Oil prospectors were thumped yesterday after learning that Gatwick is not the new Texas.

Tesco’s new chief should listen to the spinners because silence isn’t golden

Last Sunday morning, the cynic in me went on alert. Two media stories about Tesco and the accounts manipulation were so pro-Tesco’s new management, so similar in detail, that I could not help but smell spinners at work.

Spanish accuse Goldman of hiking rent for poor

The London investment arms of Goldman Sachs and Blackstone were accused last night of jacking up the rents of Madrid’s poorest people after they bought thousands of the city’s council flats.

TSB fights claims it’s too small to challenge

TSB’s chief executive, Paul Pester has rejected suggestions by MPs that the newly liberated bank may not be large enough to challenge the “big five”. who are seen to have too much of a stranglehold over competition.

Tough times for hotels and restaurants curb economy

Slower services growth sapped the recovery’s momentum in the third quarter of the year, according to official figures released yesterday.

Tesco: we will foot legal bills for ousted bosses sued over scandal

Tesco could end up footing a huge legal bill for its sacked former executives Philip Clarke and Laurie McIlwee if any action is taken against them as part of a Financial Conduct Authority investigation into a £260m accounting scandal.

Asda faces mass legal action from staff over equal pay

Supermarket giant Asda faces mass legal action from thousands of female employees in a case of gender discrimination.

Russia's Sberbank launches legal challenge against EU over Ukraine sanctions

Sberbank, Russia's largest lender, is taking the European Union to court in an attempt to loosen Western sanctions imposed over the Ukraine crisis.

Tesco in crisis: City cuts supermarket's share price forecasts as stock tumbles to fresh 11-year low

The first public outing by Tesco’s new boss Dave Lewis was given a thumbs down by the City on Friday as eight retail analysts cut forecasts and sent the grocer’s shares to a new 11-year low.

TSB boss Paul Pester hits back at MPs as bank grows customer base

TSB chief executive Paul Pester has rejected accusations by MPs that the newly liberated bank was not big enough to challenge the big five high street banks after it took the lion’s share of new accounts.

Eurozone banks braced for ECB stress test results

While the rest of us enjoy a lazy Sunday, bankers across Europe will be having a nerve-jangling day. At noon in Frankfurt they will receive the results of the European Central Bank’s examination of their financial strength.

UK GDP: Service sector slowdown drags on recovery hopes

Slower growth in the dominant services sector sapped the recovery’s momentum in the latest quarter, according to official figures today.

The City roundup video: UK economy grows 0.7%; Tesco’s woes continue

Don't miss out on the goings on in the business world, with our_ _daily round-up of the biggest news from the City.

European markets lower ahead of ECB stress tests and New York ebola case

European markets edged lower on Friday as traders await the results of the European Central Bank's stress tests on eurozone banks.

Amazon shares plunge on disappointing Christmas sales forecast

Amazon shares fell more than 10 per cent after the company gave a disappointing Christmas sales forecast and posted a wider loss than expected for the third quarter.

Microsoft beats Wall Street expectations as CEO Satya Nadella focuses on cloud computing

Microsoft's quarterly profit and revenue sailed past expectations on Thursday, as CEO Satya Nadella's push to embrace cloud computing and diversify into mobile devices helped lift sales.

Tesco shares crash as new chief keeps his strategy under wraps

Tesco hit rock bottom last night as its shares tumbled to an 11-year low following the refusal of the new chief executive Dave Lewis to reveal his plans for tackling the supermarket’s spectacular decline.

James Moore: This is why the ‘wonks’ should mind the shop

The investment community needs to take a good look at itself over Tesco.

Heat goes out of the recovery with drop in retail sales

Unseasonably warm weather depressed retail sales last month, taking some steam out of the recovery, official figures showed yesterday.

Debenhams set to come in from the cold

Debenhams is on track to avoid a repeat of the miserable Christmas it endured last year despite announcing a 24 per cent fall in profits to £105.8m for the year to the end of August.

Never mind the St Leger, football lifts Ladbrokes

Ladbrokes reported a 94 per cent jump in operating profits for the past three months yesterday, taking some of the pressure off its chief executive Richard Glynn, who has struggled against rival William Hill in recent years.

Grim sales at Unilever highlights slowdown

The sluggish global economy was laid bare by Britain’s biggest consumer brands multinational yesterday as Unilever reported on weak sales in Europe, China, and across most emerging markets.

Bloomsbury suffers as e-books lose their magic

Revenues at the Harry Potter publisher Bloomsbury tumbled in the six months to August amid a lack of new e-book reading devices.

Market report: City cheers GSK’s recovery

The ink is barely dry on the turnaround plan at GlaxoSmithKline but the City is already cheering the drug maker’s recovery.

MoD makes poor case for the defence in raising top pay to bring down costs

Westminster Outlook While there might be a certain, seemingly counter-intuitive, logic to paying higher salaries as a way of cutting costs, I’m not sure the Ministry of Defence (MoD) is providing the best template for the theory.

Handbags and glad rags but Puma is the star turn at Kering

A return to growth at the sportswear brand Puma has helped offset weaker sales of Gucci handbags at the French giant Kering.


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