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Record UK profits are nothing to sing about

The sight of J Sainsbury Plc CEO Mike Coupe singing ‘we’re in the money’ neatly sums up the dichotomy between those feeling the pinch from Brexit and those who aren’t. UK corporations have rarely been this flush. They reported record pretax profits in the first quarter, according to the Share Centre, a broker. Average revenue growth for members of the ...

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California puts solar on the roof and up for grabs

If we could somehow capture all the energy expended on Twitter when California approved new rooftop solar standards, we’d solve our climate problems immediately. The perpetual emotion machine has cranked up in response to the California Energy Commission passing a new building code that will, among other things, require most low-rise residential buildings constructed after 2019 to have built-in solar-power ...

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German postman delivers $3 trillion debt reminder

Perhaps Germany’s reputation for penny-pinching is undeserved after all. Net debt at Deutsche Post AG, the mail and logistics operator, swelled by a whopping 10 billion euros ($12 billion) in the first three months of 2018. The bulk of that change of it relates to new accounting rules, rather than new borrowing. But that’s what makes it interesting (bear with ...

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