Official figures show that the number of young people neither working nor learning has jumped beyond one million for the first time since 2013.

It followed reports the Weston family is also holding discussions over a possible £7.5 billion deal.

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BP said it will be reorganised into two business divisions – upstream and downstream – from the start of July.

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The high street chain said it has been buoyed by new openings, with the group expanding into more transport hubs and roadside locations.

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The Confederation of British Industry warned that around 200,000 more Britons were on track to become unemployed.

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The Middle East conflict is a key factor in the negative forecast

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It comes after the financial regulator provisionally fined Mr Woodford and banned him as a fund manager last year.

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Last week, ministers laid out details for proposals which could ensure guaranteed hours for workers.

The board of Tate & Lyle have backed the move by a US competitor to take it into private hands.

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