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    Gordon Ramsay's former right-hand man plans to open a rival restaurant business

    Stuart Gillies ran Ramsay’s restaurant group until he left in January after more than 15 years with the companyGordon Ramsay's former right-hand man is planning to open a rival restaurant business just months after quitting the celebrity chef’s empire amid speculation of a rift.Stuart Gillies ran Ramsay’s restaurant group until he left in January after more than 15 years with the company.Documents filed at Companies House show that Gillies, a former chef, is sole director of a new restaurant business called Alfa-Zero Limited. A trademark filing made by Gillies last month suggests his new venture could be called Wood & Wood.While ...

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    Backers of new venture still in the dark over Martin Sorrell’s WPP exit

    The backers of Sir Martin Sorrell's new venture have ploughed in millions of pounds without seeking or receiving reasons from the adman for his mysterious exit from WPP.The City has been awash with speculation as to why Sorrell was ousted from the firm he founded in the 1980s. But investors in his new vehicle, S4 Capital, went ahead without knowing details of his alleged misconduct, because it involved sums of money that they were told were 'immaterial', according to sources.Those putting up funds for S4 Capital, which will be used as a vehicle for buying communications companies, include Lord Rothschild's ...

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    Why I HAD to fight the case that rocked the City: Nathalie Dauriac says she won the explosive court case against phone tycoon John Caudwell

    Nathalie Dauriac has emerged bruised but unbowed from an explosive court case against phone tycoon John Caudwell that has appalled, fascinated and divided the City.In an exclusive interview with The Mail on Sunday, she says that, contrary to his claims, she has emerged the winner, but that her case should be seen as an example of the sexist treatment meted out to professional women.She claims she and other women in the Caudwell business empire were subjected to poor treatment and described in abusive and sexist language. Nathalie Dauriac claims she and other women in the Caudwell business empire were subjected to poor ...

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    Britain's funeral sector to be investigated by competition watchdog as average prices rise to nearly £4k

    Britain's funeral market is to be investigated by the Competition and Markets Authority amid rising costs for cremations and funerals.As part of its investigation, the CMA will examine whether consumers are able to access 'clear enough' pricing information and get a 'fair deal'.Since the CMA's announcement, shares in UK based Dignity, which is one of the biggest funeral providers in the country, have slumped by 14 per cent to 1,054p. Rising costs: Britain's funeral market is to be investigated by the Competition and Markets Authority amid rising costs for cremations and funeralsLast year, the average cost of a funeral rose to ...

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    Break-up on the cards for bus and train operator First Group, as boss Tim O'Toole is ousted following £326m in losses

    Bus and train operator First Group has dumped its boss Tim O’Toole after crashing into the redBus and train operator First Group has dumped its boss Tim O’Toole after crashing into the red.On another bruising day for investors, the 62-year-old stepped down as Great Western Railway owner First reported annual losses of £326million having made a profit of £152million the previous year.It also signalled a break-up is on the cards – with its Greyhound bus service in North America now up for sale.Shares fell 19pc, taking losses since O’Toole became boss in 2010 to 73per cent.The American, who has earned ...

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    'We could blow £56bn budget' warns HS2 boss with critics urging a pause on work to stop costs spiralling out of control

    The boss of HS2 has fuelled concerns that it will blow its £56billion budget after admitting his team needs to get a better grip on costs.The first phase of Britain’s most expensive infrastructure project will build a rail line between London and Birmingham.A budget of £24.3billion has been set – with taxpayers footing the bill.  The boss of HS2 has fuelled concerns that it will blow its £56billion budget after admitting his team needs to get a better grip on costsAt a conference in London, the project chief executive Mark Thurston indicated doubts remain over the budget. He said: ‘The ...

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    Carluccio's gets the green light for restructuring programme with 500 jobs at risk

    Carluccio's has been given approval for a restructuring programme that could see it close dozens of restaurants, putting 500 jobs in doubt.The Italian food business, founded by the late Antonio Carluccio in 1999, is embarking on a company voluntary agreement (CVA), which allows it to cut rents while it enters negotiations with landlords.However, it is thought about 30 branches could close. Carluccio's has been given approval for a restructuring programme that could see it close dozens of restaurants, putting 500 jobs in doubtCarluccio’s said that it was moving staff to remaining outlets where possible and it would try to keep ...

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    Pensions watchdog steps down at 57 to 'pursue a more relaxed lifestyle' after being slammed for failing to protect Carillion and BHS workers

    Lesley Titcomb will stand down as head of The Pensions Regulator (TPR) next FebruaryThe boss of the pensions watchdog is leaving to spend more time with family, amid a collapse in early retirement for ordinary workers.Lesley Titcomb, 56, will stand down as head of The Pensions Regulator (TPR) next February to pursue a more relaxed lifestyle.Titcomb, married to Tory MP Mark Prisk, came in for heavy criticism for failing to protect workers at collapsed firms such as BHS and Carillion.She was not in the pension scheme at TPR, where she was paid up to £225,000, but is thought to have ...

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    Asda's profits take a tumble as supermarket giant forks out £120m on slashing food prices

    Asda's profits tumbled sharply last year as it forked out £120million on slashing prices across hundreds of products Asda's profits tumbled sharply last year as it forked out £120million on slashing prices across hundreds of products.As it prepares to join forces with Sainsbury’s in a £14.1billion merger, Asda revealed profits fell 13per cent to £735million in the year to December 31.The UK’s third-biggest supermarket, spent £120million on reducing prices on items like gin, houmous, baked beans and mayonnaise.But sales at stores which have been open for more than a year edged up 0.5per cent, compared to a fall of 5.7per ...

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    Deutsche shares slide once again by 6.5% after it's revealed the ailing bank has been put on a list of high-risk lenders

    Shares in ailing Deutsche Bank have tumbled once againShares in ailing Deutsche Bank have tumbled once again after it was revealed to have been put on a list of high-risk lenders.The stock fell 6.5per cent in Frankfurt as sources revealed that Deutsche’s American arm had been added to a ‘problem bank’ register by the US Federal Deposit Insurance Corporation watchdog.This includes lenders with financial, management or operational issues that are so severe, the authorities believe they could collapse.Deutsche insisted it is stable and not in any danger but this failed to stop a sharp sell-off. Shares are now valued at ...

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    Deloitte faces £10m fine for 'failing to spot a string of misleading practices' at tech firm Autonomy before it was sold to HP for £7.4bn

    One of the Big Four accountants has been dragged into the massive scandal surrounding the former British tech pioneer Autonomy.Deloitte is accused by regulators of failing to spot a string of misleading practices at the software company before it was sold to Hewlett Packard (HP) for £7.4billion seven years ago.After the deal, HP wrote off three-quarters of Autonomy’s value and said executives, including former boss Mike Lynch, cooked the books to make it look more valuable than it was. Deloitte is accused by regulators of failing to spot a string of misleading practices at the software company before it was ...

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    The Vatican is thrown into the heart of HP's bitter court row with tech firm Autonomy over inflated prices

    Tech tycoon Mike Lynch’s desperate attempts to boost sales at Autonomy took him to the heart of the Vatican, court documents revealTech tycoon Mike Lynch’s desperate attempts to boost sales at Autonomy took him to the heart of the Vatican, court documents reveal.He took control of efforts to win a prestigious contract to digitise the Vatican Library.Lynch (pictured), his finance chief Sushovan Hussain and their wives were even given a tour of the library by prefect Monsignor Cesare Pasini on a visit to Rome for an office Christmas party in 2010.The 15th century library is one of the grandest ...

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    Departing finance chief at bailed-out RBS is 'tapped up' by HSBC for a similar job role

    The departing finance chief at RBS, Ewen StevensonThe departing finance chief at bailed-out Royal Bank of Scotland has been in talks over a possible move to rival HSBC.Ewen Stevenson, 52, is understood to have been tapped up to replace HSBC’s chief financial officer Iain Mackay, and to have been interviewed for the job.Stevenson is leaving Natwest owner RBS for a new role elsewhere but refused to say what it is. He will remain at RBS until a replacement has been found.It is thought that he was approached by HSBC as a shortlist was being drawn up to replace Mackay, who ...

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    General Motors posts biggest one-day gain since bankruptcy as it reveals £1.7bn investment into driverless cars

    General Motors posted their largest one-day gain since bankruptcyShares in General Motors posted their largest one-day gain since the company’s rebirth from bankruptcy eight years ago, after Japan’s Softbank decided to pump £1.7billion into its autonomous car unit.The deal is the largest yet between a technology investment firm and a car maker.The investment gives Softbank a 20per cent stake in GM Cruise, the company’s San Francisco-based autonomous vehicle unit.GM said yesterday that it will add £830million to Softbank’s investment to speed large-scale deployment of self-driving robo-taxis next year. GM has announced plans to carry passengers in self-driving cars that won’t ...

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    Consumer confidence improves but Britons' overall view of the UK economy remains 'downbeat'

    Confidence among British consumers rose this month thanks to a better outlook on personal finances, but perceptions over the state of the UK economy remained 'resolutely downbeat', new figures show.GfK’s UK consumer confidence barometer rose two points as Britons seemed to be more upbeat about their own financial situation – although it still remains in negative territory at -7.What weighs most on the overall figure is Britons’ view of the general economic situation of the country, as this measure continues to remain ‘resolutely downbeat’ at -24. While this marks an improvement from last month, it is still worse than last ...

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