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Heathrows plan for longer third runway chosen by government
Heathrow Airport’s plan for a third runway, which involves moving the M25 motorway, has been chosen by the government. Two plans had been under consideration – one from the airport itself, and another from Arora Group, led by hotel tycoon Surinder Arora. Heathrow had proposed a new runway which would be up to 3.5km (2.2…
Royal Mail fined £21m by Ofcom for missing delivery targets
Emer MoreauBusiness reporter Getty Images A quarter of all first-class post was delivered late last year Royal Mail has been fined £21m after almost a quarter of first-class post arrived late, Ofcom has announced. It is the third-largest fine the communications watchdog has ever issued and follows its investigation after Royal Mail missed its targets…
Ozempic maker Novo Nordisk’s board shaken up as directors quit
The company behind weight-loss jab Wegovy and diabetes drug Ozempic will have a boardroom clear-out, with seven board members including the chairman set to depart. Novo Nordisk on Tuesday said chairman Helge Lund, vice chair Henrik Poulsen and five directors will not stand for re-election at an extraordinary investor meeting in November. The departures came…
Will Trump’s tariff rollback lower food prices?
Natalie Sherman,Business reporter and Danielle Kaye,Business reporter Bloomberg via Getty Images When President Donald Trump last week removed tariffs on more than 200 products, it represented something of a political earthquake, and marked a significant concession on a hallmark White House policy The decision, which critics said was long overdue, came as the president returned…
M&S profits almost wiped out after cyber hack left shelves empty
M&S’s profits were almost wiped out after it was hit by a cyber-attack which left shoppers unable to buy online from the company for months. The hack was “an extraordinary moment in time,” it said, as it revealed statutory profit before tax – a figure that reflects all costs for a period – slumped 99%…
Fuel profit margins still persistently high, says watchdog
Drivers could be paying more than they should for petrol and diesel after the UK’s competition watchdog said fuel profit margins remain at “persistently high levels” despite prices at the pump having fallen. The Competition and Markets Authority (CMA) also challenged retailers’ claims that this was a result of higher operating costs, and said competition…
