Business news 2018

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  • Businesses in the news
    • January 2018
      • British regulators have put the breaks on Rupert Murdoch's £11.7bn takeover of Sky
        • The Competition and Markets Authority advised blocking the takeover, ruling that it is not in the public interest
    • February 2018
      • Lloyds Banking Group has become the first FTSE 100 company to set an ethnic diversity target
        • They are aiming to increase the percentage of its senior management who are black, Asian or minority ethnic backgrounds from 5.6% to 8% by 2020
    • March 2018
      • New Look is planning to close 60 stores, putting 980 jobs at risk
        • They have been struggling as customer confidence languishes at low levels
    • April 2018
      • Costa Coffee has pledged to recycle half a billion coffee cups each year by 2020
        • Costa is going to pay a supplement to waste companies to incentivise them collect the cups and send them to specialist recycling plants.
    • June 2018
      • The collapse of Carillion will cost UK taxpayers at least £145m
    • July 2018
      • British Airways has apologised to passengers after an IT issue saw dozens of flights in and out of Heathrow Airport cancelled.
        • Airline blamed a 'system issue' for the distruption
    • August 2018
      • Brexit leaves British companies short on workers
        • British companies are struggling to fill vacant positions as EU workers avoid coming to the UK
    • May 2018
      • Volkswagen group has admitted to a potentially lethal fault in two of its top-selling cars.
        • They were forced to call back 28,000 vehicles

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