Broadband customers to get automatic compensation

Image copyright Getty Images Many customers who experience fixed broadband or landline loss will soon automatically receive compensation. The £8-per-day deal follows a new agreement between Openreach and five of the UK’s internet service providers. It will apply only when the fault takes longer than two days to fix. If an engineer does not arrive […]

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Carpetright losses widen as sales fall

Image copyright Reuters Struggling floor covering retailer Carpetright said half-year losses widened sharply to £11.7m from £0.6m last time. Same store sales fell by 12.7% over the six-month period but the company said there was a “marked sequential improvement” between the quarters. The company also said net debt had dropped from £53m to £12.4m. Earlier […]

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Interserve rescue plan prompts share collapse

Image copyright Creative CommonsImage caption Interserve holds the contract for cleaning Network Rail stations Shares in Interserve – one of the UK’s largest providers of public services – have collapsed after it revealed it is seeking a rescue deal. The firm, which works in prisons, schools, hospitals and on the roads, has £500m of debts […]

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Elon Musk has ‘no respect’ for US regulator

Image copyright Getty Images Elon Musk says he has “no respect” for the Securities and Exchanges Commission (SEC) financial regulator. He made the comment in an interview with news channel CBS, in which he also talked about his controversial behaviour on Twitter. In September, the SEC decided to sue him for alleged securities fraud. This […]

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UK economy slows as car sales fall

Image copyright Getty Images Growth in the UK’s economy has slowed as car sales fell and the manufacturing sector stalled, the Office for National Statistics (ONS) has said. The economy grew by 0.4% in the three months to October, slower than the 0.6% in the three months to September. The UK’s trade deficit also widened […]

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Wall Street ends lower after a down week

Image copyright Reuters US share indexes fell by more than 2% on Friday, as uncertainty continued to roil financial markets. The declines extended losses from earlier in the week and hit nearly every sector, led by technology firms. The Dow Jones index and S&P 500 both tumbled about 2.3%, while the Nasdaq fell more than […]

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