Troubled Co-op Group can take many years to stabilise

Beleaguered Co-op Group's members recently unanimously endorsed Paul Myners' proposed reforms, but the group's interim chief executive Richard Pennycook has warned that that it could take as many as five years to stabilise the mutual.

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Retailers in Northern Ireland enjoy nearly 13% rise in footfall

High street stores and shopping centres in the Northern Ireland enjoyed their highest footfall levels in the month of April since 2012, just released fresh data showed.

According to the Northern Ireland Retail Consortium/Springboard Footfall data, Northern Ireland's retailers enjoyed an impressive year-on-year increase of 12.8 per cent in the number of people passing through stores in April.

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Govt. may pare back “Help to Buy” housing scheme

The "Help to Buy" scheme that helps people buy their first home could be rolled back to addresses overheating housing market, Deputy Prime Minister Nick Clegg has indicated.

Mr. Clegg said that the government could pare back the mortgage help scheme in case the Bank of England (BoE) determines that the country's housing market is overheating.

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AT&T to acquire DirecTV for $48.5 billion

Telecom giant AT&T has agreed to acquire satellite TV firm DirecTV in a stock-&-cash deal worth around $48.5 billion, or $95 per share.

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Abbott agrees to acquire Latin America’s CFR Pharmaceuticals for $2.9bn

American pharmaceuticals & health care products firm Abbott Laboratories on Friday confirmed that it would acquire Chile-based CFR Pharmaceuticals SA in a $2.9 billion (£1.72 billion) deal.

Abbott will acquire nearly 73 per cent of CFR's publicly traded shares from founder Weinstein family-led holding company, while a tender offer will be issued for buying the remaining shares.

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