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IMF 'overly optimistic' about success of EU bailouts
The International Monetary Fund was 'overly optimistic' about economic growth forecasts for countries that received major bailouts

Lloyds cuts a further 3,000 jobs and doubles branch closure plan
Lloyds Banking Group says it will cut a further 3,000 jobs and close 200 more branches, even as it reports a doubling of pre-tax profits.

Turkish terror attacks weigh on Thomas Cook profits
Thomas Cook expects to miss full-year profit targets after terror attacks in Turkey sent holidaymakers elsewhere.

Ford profits fall as it warns on US economic risks
Carmaker giant Ford has reported weaker-than-expected second quarter profits, in the face of stagnant US sales and a tougher market in China.

British Gas profits fall as it loses 400,000 customers
Profits at British Gas fell by 7% in the first half of the year as the business lost nearly 400,000 customers.

Brexit impact on house prices is uncertain, Nationwide says
The Brexit effect on the housing market may take months to become clear, the Nationwide says as it reports a slight rise in UK house prices in July.

James Bond studio Pinewood to be sold
Pinewood Group is set to sell its film and television studios, including the 007 stage, to a property investor for £323.3m

Oracle buys cloud pioneer NetSuite for $9.3bn
Software giant Oracle announces it is buying NetSuite, a pioneer of the fast-growing world of cloud computing, in a deal worth $9.3bn.

Hinkley Point set to get final investment approval from France's EDF
Investment in the UK's first new nuclear plant in decades is set to get final approval later on Thursday from the company financing most of the project.

Brexit risks for booming car manufacturing, says SMMT
UK car production jumps more than 10% year-on-year but future growth may be hit if unrestricted access to the European Union is not maintained, the industry warns.

Personal insolvencies 'rise by 22%'
The number of people being declared insolvent rises by a fifth on a year ago - but low interest rates mean the total is still comparatively low.

FTSE 100 falls as Lloyds and Shell shares hit
The FTSE 100 drops in early trade, as investors digest a raft of results from some of the UK's biggest companies.

Councils must resume house building role, says LGA
Councils should be given the chance to resume their "historic role" as house builders to ease an affordable housing crisis, their lobby group says.

Samsung profits boosted by smartphone sales
Strong smartphone sales help Samsung Electronics post its best quarterly results in more than two years.