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Apple blames chip shortages and slow supply chain for disappointing quarter

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Apple shares slid slightly on Thursday after the company announced lower than expected revenue in the fourth quarter of 2021. The company posted a quarterly revenue of $83.4bn, up 29% year over year but still short of...

Birmingham cultural gem at risk as developers eye jewellery quarter

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In the dusty workshop basement of luxury jeweller Deakin & Francis, grooves have been worn into the wood of workbenches used by generations of skilled hands to create pieces for over 200 anni. It’s England’s olde...

Pandemic profits: top US health insurers make billions in second quarter

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Five of America’s largest health insurers reported more than $11bn in profits in the second quarter – a decline from the same period last year when the Covid-19 pandemic helped drive sky-high profits. The rise in prof...

Amazon sales top $100bn for third quarter running as profits hit $7.8bn

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Amazon’s sales topped $100bn for the third quarter in a row as its profits for the three months surged to $7.8bn. The Seattle-based tech and online retail giant reported sales of $113bn for the three months between Ap...

Labour could cut up to a quarter of its staff in cost-saving push

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Labour’s ruling national executive committee is set to discuss plans for large-scale redundancies among staff, with up to 90 jobs at risk, as Keir Starmer seeks to repair the party’s shattered finances. The Guardian u...

Quarter of a million children in England missed school last week due to Covid

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A quarter of a million children in England missed school last week because of Covid infections, self-isolation or school closures, making it the most disrupted week since schools fully reopened in March and prompting ...

British food and drink exports to EU fall by £2bn in first quarter of 2021

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British food and drink exports to the EU fell by £2bn in the first three months of 2021, with sales of dairy products plummeting by 90%, according to an analysis of HMRC data. Brexit checks, stockpiling and Covid have...

Quarter of UK pupils attend schools where air pollution is over WHO limit

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Millions of British children attend schools where air pollution is worse than the World Health Organization limit, campaigners have said. An analysis found that more than a quarter of schools, from nurseries to sixth-...

WeWork’s losses quadruple to $2.1bn in first quarter of 2021

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WeWork’s losses quadrupled to $2.1bn (£1.47bn) in the first quarter as the pandemic-driven move to flexible working drove a 30% plunge in customers at the troubled office-sharing company. L'azienda, which made a los...

More than a quarter of UK music festivals cancelled over insurance fears

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More than a quarter of music festivals due to take place in the UK this year have been cancelled as a result of government inaction on event insurance, la ricerca ha trovato. According to the Association of Independent F...

NatWest nearly doubles profits in first quarter

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NatWest Group nearly doubled profits in the first quarter, as it credited government support programmes for preventing a wave of customer defaults during the Covid crisis. The bank said there were now “reasons for opt...

Facebook first quarter earnings up despite threat from Apple update

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Facebook earnings beat analyst expectations Wednesday, but the company warned growth later this year could “significantly” decline as new Apple privacy policies will make it more difficult for the social media giant t...

Facebook beats expectations to post positive first quarter earnings

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Facebook earnings beat analyst expectations Wednesday, bolstered by pandemic-driven traffic and ad sales. The positive earnings report for Facebook comes despite a number of roadblocks for the company in previous mont...

London Stock Exchange has best first quarter for IPOs since 2007

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The London Stock Exchange registered its best start to the year for company floats in more than a decade, despite a limp debut for Deliveroo. High-profile IPO listings from the takeaway food firm, consumer reviews sit...