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Christmas 2017: Baubles come top of the festive glitterati at John Lewis | City & Business | Finance

After bubbling under for a while, the bauble has broken through with sales up 114 per cent compared to 2013.  Simple crystal elegance, ornate patterns and quirky takes on Highland folklore are among the favourite festive style themes, says the department stores group which has constructed its own wonder wall …

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Pound V euro: GBP exchange rate retreats as DUP derails Brexit talks | City & Business | Finance

GBP/EUR is currently at around €1.132, down from yesterday’s high of €1.141. After initially rising on Monday as the UK and EU looked close to finalising an exit agreement, Sterling was forced to retreat yesterday afternoon after the DUP’s Arlene Foster rejected proposals which would see Northern Ireland remain in …

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Children going cashless: Parents give pocket money via bank transfers | City & Business | Finance

The firm, which is part of MasterCard, said that 49 per cent of parents are interested in paying their children’s pocket money using mobile apps, online bank transfers and other digital systems. It also found that 16 per cent of parents nationally are already giving their children pocket money using …

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Failing banks and weak economies could wreck Eurozone recovery | City & Business | Finance

The ECB published its latest edition of its twice yearly Financial Stability Review which showed banks’ solvency and profitability had improved but still showed a “wide gap” with global peers.  It also warned that banks were taking on more financial risk especially in the bond markets arena. Vitor Constancio, ECB …

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British business can adapt to anything – they NEED Brexit certainty | City & Business | Finance

When London First released their most recent report on what British businesses felt about Brexit and a potential transition period, the results revealed many businesses are positive about the exit.  40 per cent of UK businesses surveyed believe there is a fix and that a transition period would have a …

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Budget 2017: What does the Budget mean for Businesses? | City & Business | Finance

That’s the general verdict from business groups as they broadly welcomed measures announced by the Chancellor in his Autumn Budget today.   The decision to switch the calculation of business rate increases from the higher Retail Prices Index inflation measure to the lower Consumer Prices Index in April, 2018  “was a …

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Pound and Euro exchange rate: German coalition talks halt growth | City & Business | Finance

The exchange rate achieved highs of €1.126 this morning, up from last week’s lows of €1.109. Last week Sterling clawed back losses against the euro after the UK’s retail sales figures came in slightly better-than-forecast, improving the consumer spending outlook for the fourth quarter. The pound has since been able …

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