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Thursday newspaper round-up: Capita, Google, Jaguar…

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Capita to close O2 call centres and cut jobs; Google to challenge iPhone; Jaguar Land Rover to invest £2.75bn in the UK.

The Telegraph says that outsourcing group Capita has secretly planned to shut down two O2 call centres and cut up to 1,200 jobs as part of the big deal it signed with the network provider last week.

Financial Times says that Google is to launch a new gadget called the MotoX through its Motorola subsidiary which is part of a campaign to challenge Apple by offering cheaper smartphones.

Jaguar Land Rover is to invest £2.75bn in the UK over the next 12 months as strong demand from China drives record sales and profits, writes The Telegraph.

According to The Times, bond fund Pimco has said that incoming Bank of England Governor Mark Carney may trigger a fresh devaluation of the pound in the face of “soggy growth and a largely depleted policy arsenal”. The paper says that he could devalue sterling by as much as 15% against a basket of others to help British exporters.

The Guardian says that Chinese steelmakers have questioned the reliability of iron ore pricing data from Platts. This follows a raid connected to the alleged manipulation of oil markets.

The Independent reports that Lloyds has sold its international private banking unit with assets under management of £7.2bn to Swiss rival Union Bancaire Privee.

The frontman of railway infrastructure firm Network Rail, Sir David Higgins, is to pocket a £100,000 annual bonus despite the company failing to meet some of its performance targets, according to The Scotsman.

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