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Disney set to seal $60bn 21st Century Fox takeover

Disney set to seal bn 21st Century Fox takeover Walt Disney is close to confirming a deal to buy 21st Century Fox’s entertainment assets for about $60bn, reports say. The sale would include the 20th Century Fox film studio and the Sky and Star satellite broadcasters in the UK, Europe and Asia. Disney was left as the front runner after Comcast, the NBC owner, dropped out of the race on Monday. The Financial Times said talks about the price were continuing on Tuesday. CNBC reported that Fox and Disney were…

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'I was saved from a £10,000 car scam'

'I was saved from a £10,000 car scam' Seventy-two-year-old Barry Fox is one of hundreds of people saved from scams after bank staff stopped him spending £10,000 on a fictitious Rolls Royce. The retired lorry driver went into his Barclays branch intending to withdraw the cash to pay for the luxury car he saw on an internet auction site. Staff were concerned and used a new system to alert police to the case and, within 30 minutes, officers were there. They made checks and alerted Mr Fox to the fact…

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Ryanair pilots to strike before Christmas

Ryanair pilots to strike before Christmas Ryanair passengers face disruption to their Christmas travel plans after pilots and crew announced industrial action in a bid to win union recognition and better conditions. In Ireland, 79 pilots based in Dublin will strike for one day on 20 December. The airline, which does not recognise unions, said they represented about 28% of its Dublin-based captains. Ryanair pilots and cabin crew in Germany, Italy and Portugal also plan action. Cockpit, the German pilots’ union, said its Ryanair members would strike for better pay…

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Facebook in major tax overhaul

Facebook in major tax overhaul Facebook is to overhaul its tax structure so that it pays tax in the country where profits are earned, instead of using an Irish subsidiary. The online advertising giant is to make the change in every country outside the US where it has an office. In 2016, Facebook said it would stop routing UK sales through Ireland for tax purposes. The change comes after pressure on large firms over their tax affairs from governments and the public. Facebook chief financial officer Dave Wehner said: “We…

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Rail passengers 'misled' over festive tickets

Rail passengers 'misled' over festive tickets Rail firms have been “misleading” customers by selling tickets for services over Christmas despite knowing they will not run, a watchdog says. Other customers were not told their trips would be disrupted by engineering works, Transport Focus added. Six rail companies also failed to release advanced purchase tickets for the festive period 12 weeks ahead. Industry body the Rail Delivery Group said its members would “develop a plan” to address the complaints. Transport Focus found more than 2,600 incorrect journeys – those already cancelled…

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House prices rise fastest in East Midlands

House prices rise fastest in East Midlands House prices in the East Midlands rose at more than three times the pace of London in the past year. Property prices in the region rose by 7% in the year to October – the fastest in the UK, the Office for National Statistics (ONS) said. The slowest house price growth over the same period was a 2.1% rise in London. However, average prices in the capital remain the highest at £481,000, compared with a UK average of £224,000, the ONS figures show….

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Satoru Anzaki: Dying Japanese man throws 'end of life' party

Satoru Anzaki: Dying Japanese man throws 'end of life' party A Japanese businessman diagnosed with terminal cancer has thrown a huge party to say thank you and goodbye. Satoru Anzaki invited about 1,000 guests including friends, former school mates, business partners and employees to Monday’s event. The 80 year-old former president of machinery giant Komatsu was diagnosed with gallbladder cancer in October. “I am satisfied that I could say ‘thank you’ to people I met in life,” he told reporters after the party. “As I want to maximise the quality…

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UK inflation rate rises to 3.1%

UK inflation rate rises to 3.1% UK’s key inflation rate – the consumer prices index – rises to 3.1% in November This breaking news story is being updated and more details will be published shortly. Please refresh the page for the fullest version. You can receive Breaking News on a smartphone or tablet via the BBC News App. You can also follow @BBCBreaking on Twitter to get the latest alerts. Let’s block ads! (Why?) Source: BBC Business

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Carpetright shares hit as profit forecast cut

Carpetright shares hit as profit forecast cut Floor coverings specialist Carpetright has said it expects full-year profits to be at the “bottom end” of expectations amid a “volatile and unpredictable” consumer market. Its comments came as it said profits for the six months to 28 October sank to £0.3m from £4.1m last year. The chain blamed the lack of consumer confidence, increased competition and discounting for the fall. Shares in Carpetright dropped by 7.5% on news of the weaker profit outlook. A softening of the housing market in some areas,…

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Westfield shopping centres bought in $25bn deal

Westfield shopping centres bought in bn deal The owner of Westfield shopping centres is being bought for $24.7bn in a deal which will see the malls launched across Europe. French property group Unibail-Rodamco is offering $7.55 a share for the Australian business. Westfield Corporation has shopping centres in the UK and the US while Unibail-Rodamco has 71 sites in Europe. Unibail-Rodamco said the takeover would result in a “progressive roll-out of the world famous Westfield brand”. The takeover is the second major deal involving shopping centre owners to emerge in…

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