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Primark is ready to shine on its own

It’s the end of an era for Primark’s owner Associated British Foods Plc, as longtime CFO John Bason prepares to retire in April next year. He will be succeeded by Eoin Tonge, the finance director of Marks & Spencer Group Plc. Behind the drama — Tonge was given an enlarged role at M&S only a few weeks ago and was ...

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How UK paid a record price to dodge blackout

  Last week, unbeknown to many outside the power industry, parts of London came remarkably close to a blackout — even as it was recovering from the hottest day in British history. On July 20, surging electricity demand collided with a bottleneck in the grid, leaving the eastern part of the British capital briefly short of power. Only by paying ...

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Will rolling back tariffs help tame inflation?

  President Joe Biden’s administration has been discussing changes to US tariffs on China for weeks. Officials are concerned that high import prices are adding to inflation, and they’re looking for remedies. People familiar with the discussions say a decision will come soon — and that the result will be tweaks to the measures put in place by the Donald ...

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