5 Things You Need To Know, Today, on Tuesday 10th September 2019
Justin Waite
5 Things You Need To Know
05:27, 10th September 2019

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5 Things You Need To Know, Today, on Tuesday 10th September 2019

5. Alibaba chairman Jack Ma is due to step down from the e-commerce giant today, marking the end of an era for the firm.

The former English teacher co-founded Alibaba in 1999 and it has become one of the world's biggest internet firms.

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4. Workers at the Mini plant in Oxford could see their shifts cut in the event of a no-deal Brexit, BMW's finance chief, Nicolas Peter has said.

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3. Lloyds and Barclays said a surge in late claims could see them pay out around £3 billion more to settle the mis-selling of payment protection insurance (PPI).

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2. France will likely win Britain’s financial services crown in the European Union after Brexit, which leaves the bloc’s economy more reliant on struggling euro zone banks, New Financial think tank said today.

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1. The UK's economy grew by 0.3% in July, helped by the dominant services sector, easing fears that it could fall into recession.

Growth was flat over the three months to July, but this was an improvement on the 0.2% contraction seen in the April-to-June quarter.

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The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.

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