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  • Best Of British Gear Up For China Car Show

    UK brands such as Rolls-Royce, Jaguar and Land Rover are showing their new models at the China Motor Show in Beijing to help boost sales in an intensely competitive market. More than 1,100 vehicles will be on display at the exhibition which will also be attended by General Motors (NYSE: GM - news) , Toyota, Volkswagen …

  • Best Of British Gear Up For China Car Show

    UK brands such as Rolls-Royce, Jaguar and Land Rover are showing their new models at the China Motor Show in Beijing to help boost sales in an intensely competitive market. More than 1,100 vehicles will be on display at the exhibition which will also be attended by General Motors (NYSE: GM - news) , Toyota, Volkswagen …

  • British Gas Bonus Claims To Be Investigated Sky News - Sat, Apr 19, 2014 12:48 BST
    British Gas Bonus Claims To Be Investigated

    Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities, churches and small businesses to its highest-priced tariffs in order …

  • The Week's Big Business Stories Sky News - Fri, Apr 18, 2014 14:24 BST
    The Week's Big Business Stories

    Sky's Naomi Kerbel offers a round-up of what's been and what's coming up in the week's business news. : Monday April 21 It is Easter Monday and a bank holiday in the UK. The financial markets are closed. ...

  • House Price Increases Create 'Generation Rent' Sky News - Fri, Apr 18, 2014 09:31 BST
    House Price Increases Create 'Generation Rent'

    The booming housing market is causing a generation of young people to become increasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent' report found that despite the launch of schemes like Help to Buy to give a boost to people with small deposits, …

  • South West Hoping For Easter Tourism Boost Sky News - Fri, Apr 18, 2014 07:48 BST
    South West Hoping For Easter Tourism Boost

    The tourism industry in the South West of England is hoping a successful Easter weekend will prove a much needed boost. One of the biggest setbacks was the collapse of the main railway line at Dawlish. Helen Scott, from Visit South Devon, said: "Bookings were down from the start of the year, but have picked up well in …

  • Weibo Woes Amid Disappointing Nasdaq Flotation Sky News - Thu, Apr 17, 2014 19:53 BST
    Weibo Woes Amid Disappointing Nasdaq Flotation

    The cloud over tech stocks has dampened expectations for Weibo - China's version of Twitter - which has begun trading on the Nasdaq in New York today. The share flotation was priced at the lower end of ...

  • Co-op Admits 'Disastrous Year' Amid £2.5bn Loss Sky News - Thu, Apr 17, 2014 19:05 BST
    Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

    The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". Interim group chief executive Richard Pennycook said: "2013 was a disastrous year for the Co-operative Group, the worst in our 150-year history.

  • PayPal Warns Users Over Sharing Computers Sky News - Thu, Apr 17, 2014 18:28 BST
    PayPal Warns Users Over Sharing Computers

    Online payment firm PayPal has announced plans to prevent users from sharing their computers, smartphones and tablets with anyone else, even family members. The "Notice of changes to our Legal Agreements" showed policy changes effective June 17, in an email that ran to more than 8,000 words. Two new sub-sections have …

  • Sainsbury's Sultana Recall On Salmonella Fear Sky News - Thu, Apr 17, 2014 17:56 BST
    Sainsbury's Sultana Recall On Salmonella Fear

    Sainsbury (Berlin: SUY1.BE - news) 's is recalling 500g packs of its SO Organic Sultanas as a precuation after salmonella bacteria was detected in routine testing. The announcement was made by the Food Standards Agency (FSA), which advised shoppers who had purchased the packs not to eat the contents but return them to …

  • RBS 'Cleared' Of Ill-Treating Small Firms Sky News - Thu, Apr 17, 2014 17:55 BST
    RBS 'Cleared' Of Ill-Treating Small Firms

    A review ordered by the Royal Bank of Scotland (LSE: RBS.L - news) has cleared the lender of fraud against small and medium-sized business customers. The bank commissioned an independent review by law firm Clifford Chance over claims RBS systematically set out to defraud its business customers. It was launched following …

  • PayPal 'Bans' Users From Sharing Computers Sky News - Thu, Apr 17, 2014 17:48 BST
    PayPal Warns Users Over Sharing Computers

    Online payment firm PayPal has announced plans to effectively ban users from sharing their computers, smartphones and tablets with anyone else, even family members. However, Sky News has learned of the blanket sharing 'ban' under a heading of "Keeping your Payment Instrument Safe", in which changes to security procedures …

  • Barclays Chief Hints At Huge New Job Losses Sky News - Thu, Apr 17, 2014 11:17 BST
    Barclays Chief Hints At Huge New Job Losses

    The chief executive of Barclays (LSE: BARC.L - news) effectively ruled out a full-scale retreat from investment banking on Thursday but warned that a shake-up of the group potentially costing thousands more jobs at the division would be unveiled within weeks. In a memo to staff obtained by Sky News, Mr Jenkins said a review …

  • Weibo Woes Ahead Of Nasdaq Flotation Sky News - Thu, Apr 17, 2014 09:47 BST
    Weibo Woes Amid Disappointing Nasdaq Flotation

    The cloud over tech stocks has dampened expectations for Weibo - China's version of Twitter - which will begin trading on the Nasdaq in New York today. The share flotation was priced at the lower end of ...

  • Co-op Sees Annual Loss Confirmed At £2.5bn Sky News - Thu, Apr 17, 2014 09:43 BST
    Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

    The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". Interim group chief executive Richard Pennycook said: "2013 was a disastrous year for the Co-operative Group, the worst in our 150-year history.

  • First Heartbleed 'Hacker' Arrested And Charged Sky News - Thu, Apr 17, 2014 09:06 BST
    First Heartbleed 'Hacker' Arrested And Charged

    Stephen Arthuro Solis-Reyes, 19, is the first person to be charged in connection with the major internet security flaw. Federal police in Canada say they arrested Solis-Reyes at his home in London, Ontario. He has been charged with mischief and the unauthorised use of a computer to steal data from the Canada Revenue Agency's …

  • Mulberry's Profit To Get A Handbagging Sky News - Thu, Apr 17, 2014 09:05 BST
    Mulberry's Profit To Get A Handbagging

    Luxury fashion brand Mulberry has warned its full-year profit will be below expectations. The company said: "Since the appointment three weeks ago of Godfrey Davis as interim executive chairman, a review of operations and strategy has been undertaken with the management team. Mulberry also confirmed its new UK factory …

  • Co-op To Unveil £2.5bn Losses As Crisis Deepens Sky News - Thu, Apr 17, 2014 07:42 BST
    Co-op To Unveil £2.5bn Losses As Crisis Deepens

    The Co-operative Group is set to announce losses of up to £2.5bn after a series of "catastrophically inept decisions". One Co-operative insider told Sky News he was in doubt where responsibility lay for the group's latest ills. Jim Lee, an active member for 25 years, said:  "The blame lies ultimately with the board.  …

  • Tesco Full-Year Profit Slumps 6% To £3.3bn Sky News - Wed, Apr 16, 2014 19:48 BST
    Tesco Full-Year Profit Slumps 6% To £3.3bn

    Tesco (Xetra: TCO.DE - news) has reported a 6% fall in full-year group trading profit of £3.3bn. The results do not include figures for Tesco Bank, which reports separately. Tesco's market share hit a 10-year low of 28.6% - its lowest since 2004 - in the 12 weeks to March 30 compared with the same period the year before, …

  • How Far Are We In The 'Decade Of Lost Wages'? Sky News - Wed, Apr 16, 2014 18:53 BST
    How Far Are We In The 'Decade Of Lost Wages'?

    The figures most people are focusing on today are those for consumer prices index (CPI (Other OTC: CPICQ - news) ) inflation and average earnings including bonuses. Meanwhile, in the year to March, CPI inflation (itself also an annual figure) was 1.6%. Then again, the employment numbers are a three-month average: pick out …

  • Official: Average Earnings Outpace Inflation Sky News - Wed, Apr 16, 2014 18:32 BST
    Official: Average Earnings Outpace Inflation

    Average UK earnings increased by 1.7% in the year to February, above the inflation rate of 1.6%, according to official figures. The Office for National Statistics (ONS) said it was the first time since spring 2010 that the consumer price index for inflation had not exceeded pay increases. It said pay increases averaged …

  • West Ham Among First To Net .London Domain Sky News - Wed, Apr 16, 2014 15:53 BST
    West Ham Among First To Net .London Domain

    Premier League football club West Ham has become one of the first businesses to sign up for a .london domain name. Department store Selfridges, the London Eye, the Meantime brewery and the London School of Economics have also signed up for the localised extension. While several major cities will have their own domain …

  • West Ham Nets First .London Domain Name Sky News - Wed, Apr 16, 2014 15:51 BST
    West Ham Among First To Net .London Domain

    Premier League football club West Ham has become one of the first businesses to sign up for a .london domain name. Department store Selfridges, the London Eye, the Meantime brewery and the London School of Economics have also signed up for the localised extension. While several major cities will have their own domain …

  • Drug Charges For Former Co-op Boss Flowers Sky News - Wed, Apr 16, 2014 15:43 BST
    Drug Charges For Former Co-op Boss Flowers

    Former Co-op Bank boss Paul Flowers has been charged with two counts of possession of a class A drug and one of a class C drug. The former Methodist minister was arrested in Liverpool by West Yorkshire Police officers last year. A police spokesman said: "Paul Flowers, 63, of Hollingwood Drive, Bradford, has been charged …

  • Mt Gox Bitcoin Exchange Heads For Liquidation Sky News - Wed, Apr 16, 2014 15:00 BST
    Mt Gox Bitcoin Exchange Heads For Liquidation

    Troubled bitcoin exchange Mt Gox is due to be liquidated after a Japanese court rejected a bailout plan. A court-appointed administrator confirmed the rejection and said CEO Mark Karpeles is also likely to be investigated for liability in the collapse of the Tokyo-based firm. In a letter posted on the company's website, …

  • Starbucks Moves EU HQ To London After Tax Row Sky News - Wed, Apr 16, 2014 14:57 BST
    Starbucks Moves EU HQ To London After Tax Row

    Starbucks (Berlin: SRB.BE - news) is to base its European headquarters in Britain, amid the ongoing row over multinationals' corporate tax structures. The UK is its largest European market, accounting for more than half its stores and employing around 7,500 staff. Starbucks wants to move towards greater franchise participation, …

  • Starbucks Moves EU HQ To London Amid Tax Row Sky News - Wed, Apr 16, 2014 14:26 BST
    Starbucks Moves EU HQ To London After Tax Row

    Starbucks (Berlin: SRB.BE - news) is to base its European headquarters in Britain, amid the ongoing row over multinationals' corporate tax structures. The coffee company is to shift its base from Amsterdam to London before the end of 2014. The UK is its largest European market, accounting for more than half its stores …

  • Former Co-Op Boss Flowers Charged Over Drugs Sky News - Wed, Apr 16, 2014 11:09 BST
    Former Co-Op Boss Flowers Charged Over Drugs

    Former Co-Op Bank boss Paul Flowers has been charged with two counts of possession of a class A drug and one of a class C drug. The former Methodist minister was arrested in Liverpool by West Yorkshire Police officers last year. A police spokesman said: "Paul Flowers, 63, of Hollingwood Drive, Bradford, has been charged …

  • Scotland Split Would Risk Jobs, Warns Hammond Sky News - Tue, Apr 15, 2014 20:17 BST
    Scotland Split Would Risk Jobs, Warns Hammond

    Defence Secretary Philip Hammond has warned thousands of jobs will be threatened if Scotland decides to break away from the UK. He told staff at a Glasgow-based defence firm the future of the business and their livelihoods would be put at risk by a 'yes' vote in this September's referendum on independence. Mr Hammond …

  • Google Buys Drone Maker Titan Aerospace Sky News - Tue, Apr 15, 2014 19:43 BST
    Google Buys Drone Maker Titan Aerospace

    Google (NasdaqGS: GOOG - news) has purchased high-altitude solar-powered drone builder Titan Aerospace as part of the search engine giant's efforts to bring internet access to remote areas of the world. Google snapped up the New Mexico company for an undisclosed fee, reportedly fending off rival Facebook (NasdaqGS: FB …

  • House Price Concern As Wider Inflation Eases Sky News - Tue, Apr 15, 2014 19:13 BST
    House Price Concern As Wider Inflation Eases

    There has been more good news for household budgets with confirmation that price growth eased further in March though property costs accelerated. The Office for National Statistics (ONS) charted a fall ...

  • Google New Terms Clarify All Emails Are Scanned Sky News - Tue, Apr 15, 2014 18:46 BST
    Google New Terms Clarify All Emails Are Scanned

    Google (NasdaqGS: GOOG - news) has updated its terms of service to make clear it automatically scans all users' emails to create targeted ads. The internet giant amended its service terms to clarify all emails stored on Google's servers are analysed, as well as all incoming and outgoing emails, to provide users with "personally …

  • US Airways Apologises Over Pornographic Tweet Sky News - Tue, Apr 15, 2014 18:01 BST
    US Airways Apologises Over Pornographic Tweet

    US Airways has been forced to issue an apology after accidentially tweeting an obscene image in response to a customer complaint. It remained on the airline's Twitter (NYSE: TWTR - news) feed for around an hour before it was removed, allowing enough time for the image to go viral. In a statement the airline said an investigation …

  • Albemarle & Bond Rescued From Administration Sky News - Tue, Apr 15, 2014 14:26 BST
    Albemarle & Bond Rescued From Administration

    More than 600 jobs have been saved after the majority of the Albemarle & Bond (Other OTC: ABMLF - news) pawnbroking business was bought out of administration. Promethean Investments - led by former Bank of Scotland boss Sir Peter Burt - is to take 128 of the 187 branches available in a move that secures 628 jobs but leaves …

  • Imperial Tobacco To Close Nottingham Factory Sky News - Tue, Apr 15, 2014 13:39 BST
    Imperial Tobacco To Close Nottingham Factory

    Up to 900 jobs are to be lost under plans by Imperial Tobacco (LSE: IMT.L - news) to close factories in Nottingham and Nantes in France. The company said it wanted to shut both its production plant and distribution centre in Nottingham, which together employ around 540 people - almost a third of its UK workforce. Imperial, …

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