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UK-based chemicals multinational INEOS announced an investment of $1.3bn (£1bn) into the UK energy industry, including £500m into offshore operations in the North Sea.

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UK retail boss and Sports Direct CEO Mike Ashley has served a notice to UK department store chain Debenhams, in a boardroom coup, for the removal of all its current board members.

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UK department store chain Debenhams has fallen into administration after it rejected UK sportswear retailer Sports Direct's proposal to underwrite a £150m equity issuance by Debenhams to its existing shareholders.

UK supermarket chain Tesco has announced plans to cut 4,500 jobs at 153 Tesco Metro supermarkets in the UK. The company also plans to support affected employees by helping them find alternative roles within Tesco.

British retailer Marks & Spencer (M&S) has unveiled plans to launch an instalment payments facility online for its UK customers. On M&S.com, customers will now be able to pay interest-free within six weeks of purchasing M&S clothing and home products.

Business advisory firm Quantuma has filed proposals for a Company Voluntary Arrangement (CVA) to rescue Genus UK Ltd, known as UK fashion retailer Select.

UK pregnancy and child product retailer Mothercare has reported its UK sales have fallen 11.8% to £336.6m in its financial year (FY2018/19) figures for the 53 weeks to 30 March 2019.

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A self-made success in a number of diverse fields, Glasgow-born Azeem Ibrahim has been described by his peers as a brilliant young scholar, financial wizard and last of the true remaining polymaths. In 2007, Azeem became the youngest person on Carter Anderson's UK Power 100 list, which described him as one of the most influential and highest-achieving people in Britain. The same year Azeem was included in the Observer Courvoisier Future 500 - a definitive list of the nation's most forward-thinking and brightest young innovators.