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Phones 4U to shed almost 1,700 jobs
Almost 1,700 jobs are to go at the failed mobile phone retailer Phones 4U, after the firm's administrators confirmed that 362 stores will close.

Tesco probe into £250m profit error
Tesco has suspended four executives, including its UK managing director, after the supermarket overstated its half-year profit guidance by £250m.

Whistleblower gets biggest US payout
The US Securities and Exchange Commission reveals it has awarded a record $30m payout to an anonymous whistleblower who lives outside the US.

Caution urged over new gold offer
Investment analysts have urged investors to be cautious after the Royal Mint launched a new website selling gold and silver coins.

Alibaba 'breaks share sale record'
Chinese internet giant Alibaba has raised $25bn in its share flotation, according to US media, making it the largest initial public offering in history.

New general secretary for RMT union
Mick Cash is elected general secretary of the Rail, Maritime and Transport Union following the death of previous leader Bob Crow.

Nuclear power plant 'to be approved'
Plans to build a new nuclear power plant at Hinkley Point in Somerset are recommended for approval following a European Commission investigation.

Air France pilots reject offer
Striking Air France pilots have rejected an offer by the airline aimed at resolving the dispute.

eBay criticised as hacks continue
Leading security researchers call on eBay to take immediate action over dangerous listings - as more security problems arise.

Amazon workers in Germany on strike
Workers at four Amazon warehouses in Germany go on strike in a dispute over pay and working conditions.

EE to take over 58 Phones 4U stores
Mobile phone operator EE is to buy 58 stores from Phones 4U, which fell into administration last week.

Balls outlines 'first Budget' agenda
Ed Balls says he will increase the minimum wage, bring in a mansion tax, freeze child benefit and axe the "bedroom tax" in his first Budget if Labour wins power.

Cards declined after Barclays error
Customers of banking giant Barclays had their debit cards refused in stores and at ATMs on Monday after a temporary technical problem.

Aldermore plans London flotation
UK bank Aldermore announces that it intends to float on the London Stock Exchange in October.