Barcelona sue Neymar over world record transfer to Paris St-Germain

Barcelona are suing former player Neymar for 8.5m euros (£7.8m) over his world record move to Paris St-Germain.The Brazil international made the 222m euro (£200m) move to the French club in August after buying out his contract.Barcelona now want him to return a renewal bonus he was paid when …

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Ford eyes deal with Chinese electric carmaker

Ford has said it is in discussions with a Chinese company to create a new line of electric vehicles for the world’s biggest market.Ford said it was exploring a joint venture with electric car maker Anhui Zotye Automobile Co.The firm is a major manufacturer of small, zero-emissions electric cars.The …

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Dominic Chappell to be prosecuted over BHS collapse

The Pensions Regulator is to prosecute Dominic Chappell, the former boss of retail chain BHS.He is charged with failing to provide information and documents the regulator requested during its investigation into the sale of BHS.Chappell’s Retail Acquisitions (RAL) bought BHS for just £1 in 2015 from billionaire retailer Sir …

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Activists force firm's US shale oil sell-off

Chalk one up to the activists. BHP Billiton, the world’s biggest mining company by stock market value, has said it has decided to offload its US shale oil operations and is “actively” looking at exit options. The announcement represents a victory for Elliott Advisors, the hard-driving activist fund that …

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UK airports warn to brace for Brexit impact

Growing uncertainty about an ‘open skies’ deal between the UK and European Union countries ahead of Brexit risks triggering a catastrophic slump in British air travel, according to the country’s biggest airports. Sky News has obtained a confidential report submitted to Government by Gatwick, Heathrow, London City, Manchester and …

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UK books back in black but debt costs soar

Chancellor Philip Hammond has received a boost from official data showing public finances posted their first July surplus for 15 years. The Government’s revenues outstripped its expenditure by £184m, the Office for National Statistics (ONS) reported. That compared to a deficit of £308m in the same month last year …

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Lidl tops Waitrose to become UK's seventh biggest grocer

Lidl has beaten Waitrose to become the UK’s seventh largest supermarket chain, according to latest grocery market share figures.The German discount food retailer has increased its market share to 5.2%, up by 0.7% year-on-year, Kantar Worldpanel reports.Families are driving its sales as they tend to buy more items in …

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Ex-BHS owner faces prosecution by regulator

The Pensions Regulator has said it will prosecute former BHS owner Dominic Chappell for failing to provide information and documents during its investigation into the collapse of the retailer. Mr Chappell was director and majority shareholder of Retail Acquisitions, the company that bought BHS for £1 from Sir Philip …

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Government runs July budget surplus for first time in 15 years

The government recorded a budget surplus last month for the first time since 2002 as more money came in from self-employed tax receipts.July saw a surplus of £0.2bn, compared with last year’s deficit of £0.3bn.For the four months so far this year, though, public sector net borrowing – which …

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