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Bovis Homes and Galliford Try restart talks to merge housing arms

Bovis said the talks are still at an early stage and stressed there remains ‘significant work to be completed’.

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Alibaba founder Jack Ma steps down as chairman of Chinese e-commerce giant

Mr Ma, a former English teacher, founded Alibaba in 1999 to connect Chinese exporters to American retailers.

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Lloyds increases PPI provisions after surge in claims

The PPI claims deadline saw customer inquiries to banks soar, leading to more money being needed to meet the payouts.

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Saudi Arabia’s oil minister says market must be balanced

Prince Abdulaziz bin Salman was making his debut in the role he was appointed to on Sunday.

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Housebuilder Berkeley positive on demand despite Brexit worries

The London-listed firm saw shares lift higher in early trading on Friday after it said forward sales remained above £1.8 billion.

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William Hill boss heading for exit amid digital push

Philip Bowcock will step down on September 30 after three years as chief executive.

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Mobile sales plunge at Dixons Carphone amid ‘long-term turnaround’

The group reported flat revenues for the quarter to July 17, as growth in electrical sales was offset by the slump in its mobile arm.

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Dunelm profits surge on new strategy but Brexit uncertainty looms

The homewares chain said it is still cautious about the full year.

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RBS warns over PPI hit of up to £900m after late claims surge

The bank said the number of claims last month was ‘significantly higher than expected’ before the August 29 deadline.

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Lloyds to buy Tesco Bank mortgages for around £3.8bn

The deal will see more than 23,000 residential mortgage customers transfer to Lloyds owned business Halifax.

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FTSE 100 closes higher despite oil losses

The pound was down on the US dollar, but up against the euro.

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AstraZeneca shares lift as investors cheer positive drug trials

The drugs firm said it has made progress with two treatments intended to prevent cardiovascular problems such as heart attacks.

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Dunelm predicted to post higher profits after strategic shift

Focusing on its core offer has helped the home retailer.

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Santander extends PPI claims deadline

The deadline for complaining to financial firms was 11.59pm on Thursday but the bank was still accepting claims on Friday morning.

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PZ Cussons offloads brands as part of strategic shift

Greek food-maker Minerva will be sold for £41m.

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