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00:00Hello, and welcome to the latest Business Bulletin on Wednesday the 2nd of April.
00:05Sakhir Starmer and Rachel Reeves are being questioned by MPs today.
00:09It comes as Donald Trump prepares to announce new tariffs that could derail their economic
00:13plans.
00:14The US President's expected to unveil sweeping tariffs at the White House at around 9pm UK
00:19time.
00:20It's a move he's dubbed Liberation Day.
00:23More than 25,000 UK car manufacturing jobs could be at risk, with Jaguar, Land Rover
00:28and MINI employees among the most exposed.
00:31The UK government is still trying to negotiate a trade deal.
00:35Supermarket sandwich maker Greencore has agreed a possible £1.2 billion takeover deal for
00:40rival Bakavour.
00:42The pair have an agreement in principle on a potential cash and shares offer from Greencore
00:46for Bakavour worth 200p a share.
00:49The deal would create a combined food group of about £4 billion.
00:54Topps Tiles has revealed an increase in sales for the past six months.
00:57It benefited from strong trading in March.
01:00The retail group said homeowner sales remained subdued, but trade sales were strong over
01:04the period, with digital growth also on the charge.
01:08Hooters, the US restaurant group known for its skimpy staff uniforms, has filed for bankruptcy.
01:14Parent firm Hooters of America filed for bankruptcy protection.
01:17It's looking to strike a deal to sell its company-owned restaurants back to a group,
01:21including its founders.
01:24And Rebel Energy, which supplies around 80,000 domestic customers, has ceased trading.
01:28Ofgem's told households supplied by Rebel, as well as its 10,000 non-domestic customers,
01:34that they won't experience any disruption to their supply.