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20 Business Blogs That Will Blow Your Mind
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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%…
Gold surges past record $4,000 an ounce as uncertainty fuels rally
The price of gold has hit a record high of more than $4,000 (£2,985) an ounce as investors look for safe places to put their money over concerns about economic and political uncertainty around the world. Gold has seen its biggest rally since the 1970s, rising by around a third since April when US President…
WrapUp London: How unwanted coats are changing lives this winter
BBC The table full of coats and outerwear for babies and toddlers was popular It is a simple mission: ensure everyone in London is wrapped up warm for winter. This year, WrapUp London will collect and distribute about 20,000 unwanted or outgrown coats and gift them to homeless charities, women’s refuges and family centres. A…
Cheaper theme park tickets and childrens meals as VAT to be cut for some attractions this summer
However, Mel Stride, Conservative shadow chancellor, responded to Reeves’s statement saying if she “serious about the challenges we face, she would commit to getting spending down, tackling the benefits bill, getting taxes down to strenghen our economy”.
UK economy growth forecasts lowered from next year
The UK economy is now predicted to grow at a slower rate than previously expected from next year, the government’s official forecaster has said. The Office for Budget Responsibility (OBR), which maps out how the economy is set to perform based on the government’s tax and spending policies, increased its growth expectations for this year,…
