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UK to build new nuclear power station at Hinkley Point
The UK has signed a deal with French-owned EDF to build a nuclear power plant at Hinkley Point, Somerset. The energy secretary, Ed Davey, claimed the deal would result in in energy bills falling by more than £75 by 2030.
He added: “If we don’t make these essential investments … we’re going to see the lights going out.”
Wonga buys Germany’s second-biggest online payment firm
Controversial payday lender Wonga has bought Germany’s second-biggest online payment firm, BillPay. BillPay has two million customers and works with more than 3500 online shops.
Wonga hasn’t revealed how much it is paying for the firm.
Merlin Entertainment set to raise £200m from London float
Merlin Entertainment, the company behind London Eye, Madame Tussauds and Alton Towers, is expected to raise £200m with a stock market float in London.
Merlin, which is believed to be worth £3bn, operates 99 attractions in 22 countries and received more than 54 million visitors last year.
Starbucks takes on 350 apprentice baristas
Starbucks has started training 350 apprentice baristas in the UK. Back in July, the coffee chain stumped up £5m of UK tax for the first time in five years.
Shopper numbers decline in September
Footfall was 2.4% lower last month than in September last year, figures by the British Retail Consortium (BRC) have shown.
Helen Dickson of the BRC commented: “We’re comparing against a very strong September in 2012, when the post-Olympic period coupled with a cold snap unleashed pent-up demand for shopping trips to stock up on warmer clothing and back-to-school items.”