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Live news: Oil production cut not about ‘jacking up prices’, Saudi energy minister says

UK car dealer Pendragon is selling its auto retail business to US firm Lithia for £280m ($388m) as it shifts focus to software. The deal requires approval from the majority of Pendragon shareholders, a hurdle less likely to be cleared by its biggest investor, Sweden’s Hedin.

Source: www.ft.com –

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