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  • ITV in preliminary talks with Sky to sell £1.6bn broadcasting arm

  • IAG reiterates guidance as Q3 revenue remains flat

  • BT cuts 5,000 jobs as broadband customer numbers tumble

  • Diageo lowers sales expectations in Q1 results

  • Sainsbury’s sales up as supermarket raises profit guidance

  • CMA accepts remedies in Greencore/Bakkavor merger

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