The pound’s fall to a two-year low against the dollar could be the start of a no-deal Brexit inspired wave of selling that would push sterling towards a one-for-one exchange rate against the US currency, investment bank Morgan Stanley has warned.
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Drug giant AstraZeneca has agreed to earmark millions of pounds to cover severance pay after the new owners of a plant it once owned closed the facility.
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Netflix’s share price fell 10% yesterday after it added fewer paid subscribers than expected in the last three months- 2.7 million new customers worldwide in the April-June period- with the streaming service blaming price rises.
