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  • UK Could Host Google Driverless Car Trials

    Transport bosses are in "active discussions" with Google about trialling driverless cars in the UK. The technology giant's cars have never been tested extensively outside of the US - but London officials are hoping to bring them to the capital. Deputy mayor for transport Isabel Dedring said her office had spoken to Google …

  • US Jobless Rate Falls But Hiring Slows Down

    The US unemployment rate fell to 4.9% last month but the pace of hiring slowed as the economy added just 151,000 net new jobs.

  • HSBC Agrees $470m US Mortgage Settlement

    HSBC has agreed a $470m (£325m) settlement with US authorities over its mortgage activities ahead of the financial crisis. Kathy Madison, chief executive of HSBC Finance, said: "We are pleased to have reached this settlement and believe it is a positive result that benefits American homeowners and the US housing indus …

  • LinkedIn Shares Plunge 40% On Global Squeeze

    LinkedIn shares plunged by as much as 43% in Friday trading after it reported lower than expected revenue and profit forecasts - blaming the world economic slowdown. Its share price fell more than 25% in unofficial late trading then collapsed when Wall Street opened for business on Friday. Finance director Steve Sordello …

  • Rothesay Serves Up £8bn Aegon Takeover

    A pensions vehicle backed by Goldman Sachs (NYSE: GS-PB - news) is in advanced talks to buy a £8bn annuity book in a deal that would rank among the industry's biggest-ever deals. Sky News has learnt that Rothesay Life entered exclusive discussions in recent days to acquire a major chunk of assets from Aegon UK, the Dutch-owned …

  • Tube Strike Called Off But Others Threatened

    A 48-hour Tube strike due to begin on Saturday night has been called off but a separate dispute still risks disruption in a week's time. Members of the RMT union were due to walk out from 9pm tomorrow in a dispute over station staffing - placing services at risk of disruption into Monday. But the union said: "As a result …

  • Tube Strike Called Off But Others Threatened

    A 48-hour Tube strike due to begin on Saturday night has been called off but a separate dispute still risks disruption in a week's time. Members of the RMT union were due to walk out from 9pm tomorrow in a dispute over station staffing - placing services at risk of disruption into Monday. But the union said: "As a result …

  • Car Giant Toyota Upgrades Profit Forecast

    Toyota, the world's biggest car maker, has upgraded full-year profit expectations after an improved performance from operations in China – despite the slowdown affecting the world's second biggest economy. The Japanese firm also lifted its sales forecast for the North American market, where demand has been booming. Toyota …

  • Just Eat Orders Out For Growth Overseas

    The online takeaway delivery marketplace Just Eat (Other OTC: JSTLF - news) has swallowed up four overseas businesses as it looks to grow share in territories other than its core UK market. Foodpanda's hellofood Brazil and hellofood Mexico were the other two online delivery platforms bought, the company said - adding …

  • Alexa Chung Launches M&S Archive Collection

    TV presenter and model Alexa Chung is teaming up with Marks & Spencer (Other OTC: MAKSF - news) to launch a new collection inspired by its fashion offerings over the years. The 31-piece womenswear collection will be called Archive by Alexa and will launch in selected stores and online in April (LSE: 0N69.L - news) . …

  • Mattel Makes Play For Tommee Tippee Owner

    The owner of Barbie and Fisher-Price has emerged as a surprise potential suitor for Tommee Tippee, one of Britain's most prominent manufacturers of baby products. Sky News understands that Mattel (NasdaqGS: MAT - news) , the New York-listed toy company, has requested financial information about Mayborn Group, which has …

  • Why Low Oil Prices Could Be Bad For You

    The recent oil rout has been championed as good news for the UK economy, but if you care about your retirement you may feel differently. Despite the Bank of England's deputy governor insisting that the fall in oil prices has been a "net good" for the UK economy, there's a chance your pension pot has felt some pain. That …

  • Alexa Chung Launches M&S Archive Collection

    TV presenter Alexa Chung is teaming up with Marks & Spencer (Other OTC: MAKSF - news) to launch a new collection inspired by its fashion offerings over the years. The 31-piece womenswear collection will be called Archive by Alexa and will launch in selected stores and online in April (LSE: 0N69.L - news) . Ms Chung …

  • BG Earnings Fall Sharply On Oil Price Slump

    Oil and gas exploration giant BG has reported a plunge in underlying earnings as it prepares for its £36bn takeover by Royal Dutch Shell (Xetra: R6C1.DE - news) . Earnings fell 58% to $1.7bn (£1.2bn) as the company was weighed down by the slump in world oil and gas prices. But chief executive Helge Lund said the group's …

  • BG Earnings Fall Sharply On Oil Price Slump

    Oil and gas exploration giant BG has reported a plunge in underlying earnings as it prepares for its £36bn takeover by Royal Dutch Shell (Xetra: R6C1.DE - news) . Earnings fell 39% to $5.6bn (£3.9bn) as the company was weighed down by the slump in world oil and gas prices. But chief executive Helge Lund said the group's …

  • Smirking 'Pharma Bro' Upbraided By Congressman

    Pharmaceuticals investor Martin Shkreli - who raised the price of a life-saving drug by 5,000% - has been berated by a US lawmaker for smirking as he appeared before Congress. Representative Elijah Cummings was lecturing the 32-year-old, telling him that profits made from price-hiked drugs were "blood money". At Thursday's …

  • Steel Giant ArcelorMittal Reports £5.4bn Loss

    ArcelorMittal (Other OTC: AMSYF - news) , the world's biggest steel and mining company, has posted a $7.9bn (£5.4bn) annual loss for 2015 amid the global slump in commodity prices. More than half the loss came from a write-down in the value of its mining operations to reflect the collapse in the value of its iron ore …

  • LinkedIn Shares Plunge 40% On Global Squeeze

    LinkedIn felt the squeeze from the global economic downturn after lower than expected revenue and profit forecasts for the first quarter saw shares slump by 28% in after-hours trading.

  • Obama Seeks Oil Tax To Fund Clean Transport Sky News - Thu, Feb 4, 2016 21:14 GMT
    Obama Seeks Oil Tax To Fund Clean Transport

    US President Barack Obama is to propose a new $10 a barrel fee on oil in his final budget plan next week. The proposal is part of the administration's plan to boost the nation's investments in clean transportation, the White House says. His aides told Politico the revenue would help pump more than $300bn over the next …

  • National Grid's Holliday To Join DEFRA Board Sky News - Thu, Feb 4, 2016 17:51 GMT
    National Grid's Holliday To Join DEFRA Board

    The boss of National Grid (LSE: NG.L - news) will join the ranks of business leaders recruited to Whitehall boards when he is named as the new lead director of the Department of the Environment, Food and Rural Affairs (DEFRA). Sky News understands that Steve Holliday, who will step down this year as chief executive of …

  • Aston Villa Sign King As League Drop Beckons Sky News - Thu, Feb 4, 2016 17:34 GMT
    Aston Villa Sign King As League Drop Beckons

    Aston Villa has announced the signing of a former governor of the Bank of England as it battles to avoid relegation from the Premier League. Just a few days after the transfer window closed, the loss-making club owned by American sports tycoon Randy Lerner confirmed Lord King of Lothbury would take a seat on its board …

  • CBI Boss: Brexit Would Damage UK-China Trade Sky News - Thu, Feb 4, 2016 15:48 GMT
    CBI Boss: Brexit Would Damage UK-China Trade

    Quitting the European Union (EU) would damage the UK's ability to trade with China, the head of Britain's biggest employers' group will warn on Thursday. Paul Drechsler, the CBI president, is expected to say that a bilateral Sino (Dusseldorf: 1205802.DU - news) -British trade agreement would not be "up to scratch" by …

  • Bank Could Cut Rates Amid UK Growth Fears Sky News - Thu, Feb 4, 2016 14:38 GMT
    Bank Could Cut Rates Amid UK Growth Fears

    The Bank of England has cut its forecasts for UK economic growth to the weakest level in three years and said that it stands ready to cut interest rates if there is another slump. In a sign of growing concern about the recovery, the Bank voted unanimously to leave the official borrowing rate on hold at 0.5%, with one Monetary …

  • Governor's Forecasts Prove Wide Of The Mark Sky News - Thu, Feb 4, 2016 13:34 GMT
    Governor's Forecasts Prove Wide Of The Mark

    Mr Carney's problem is that every time he makes a big forecast he seems to get it wrong. He promised, based on the Bank's forecasts, that he and the Monetary Policy Committee would start to consider lifting them only when unemployment dropped beneath 7%. Not to be deterred, Mr Carney started to drop hints about when the …

  • Government To Complete Royal Mail Sell-Off Sky News - Thu, Feb 4, 2016 13:33 GMT
    Government To Complete Royal Mail Sell-Off

    The Government will unveil the privatisation of its final stake in Royal Mail (LSE: RMG.L - news) on Thursday, bringing the curtain down on five centuries of state ownership. Sky News has learnt that a written ministerial statement will be laid in Parliament later to confirm the gifting of the remaining 1% of Royal Mail …

  • Energy Firm's Payments To Charity Investigated Sky News - Thu, Feb 4, 2016 13:16 GMT

    Energy Secretary Amber Rudd has asked watchdog OFGEM to look into the allegations in The Sun that E.ON paid Age UK £6m for helping it sell its power. The Sun says that Age UK was paid £41 for every person who signed up to a special E.ON tariff that cost people £245 more than it would if they were on the firm's cheapest …

  • Rate Rise On Hold Amid UK Growth Fears Sky News - Thu, Feb 4, 2016 12:41 GMT
    Bank Could Cut Rates Amid UK Growth Fears

    The Bank of England has cut its forecasts for UK economic growth to the weakest level in three years and said that it stands ready to cut interest rates if there is another slump. In a sign of growing concern about the recovery, the Bank voted unanimously to leave the official borrowing rate on hold at 0.5%, with one Monetary …

  • Bank Ready To Cut Rates Amid UK Growth Fears Sky News - Thu, Feb 4, 2016 12:34 GMT
    Bank Could Cut Rates Amid UK Growth Fears

    The Bank of England has cut its forecasts for UK economic growth to the weakest level in three years and said that it stands ready to cut interest rates if there is another slump. In a sign of growing concern about the recovery, the Bank voted unanimously to leave the official borrowing rate on hold at 0.5%, with one Monetary …

  • Rates On Hold As Bank Cuts Growth Forecast Sky News - Thu, Feb 4, 2016 12:18 GMT
    Bank Could Cut Rates Amid UK Growth Fears

    The Bank of England has cut its forecasts for UK economic growth to the weakest level in three years and said that it stands ready to cut interest rates if there is another slump. In a sign of growing concern about the recovery, the Bank voted unanimously to leave the official borrowing rate on hold at 0.5%, with one Monetary …

  • Rates On Hold As Bank Cuts UK Growth Forecast Sky News - Thu, Feb 4, 2016 12:08 GMT
    Bank Could Cut Rates Amid UK Growth Fears

    The Bank of England has cut its forecasts for UK economic growth to the weakest level in three years and said that it stands ready to cut interest rates if there is another slump. In a sign of growing concern about the recovery, the Bank voted unanimously to leave the official borrowing rate on hold at 0.5%, with one Monetary …

  • Poland Scraps £2bn Airbus Helicopter Deal Sky News - Thu, Feb 4, 2016 11:56 GMT
    Poland Scraps £2bn Airbus Helicopter Deal

    Poland has scrapped a $3bn (£2bn) deal to buy 50 Airbus helicopters and will instead purchase just a handful of aircraft from the European company, it has been reported. The decision, reported by Poland's Rzeczpospolita newspaper, could strain relations with France, where the aircraft are made and the performance of the …

  • 12 Pacific Nations Sign Major Trade Deal Sky News - Thu, Feb 4, 2016 10:42 GMT
    12 Pacific Nations Sign Major Trade Deal

    Twelve Pacific nations including the US, Australia and Japan have signed a major free trade pact as the US executes a "pivot" towards Asia to counter the growing power of China. The Trans-Pacific Partnership (TPP) is the biggest deal of its kind in history and aims to remove tariffs and other barriers to free trade between …

  • Oil Price Collapse Takes Its Toll On Iraq Sky News - Thu, Feb 4, 2016 10:24 GMT
    Oil Price Collapse Takes Its Toll On Iraq

    Iraq's finance minister has told Sky News the OPEC cartel of oil-producing nations is "trying, really" to cut output and raise prices as his country suffers the effects of the weakness. Hoshyar Zebari said the country's revenues had fallen "dramatically" as a result of the market turmoil - at a time the government is trying …

  • Mobile Giant Pledges O2-Three Price Freeze Sky News - Thu, Feb 4, 2016 09:55 GMT
    Mobile Giant Pledges O2-Three Price Freeze

    Tens of millions of mobile phone customers will see a five-year price freeze following the expected £10bn merger between operators O2 and Three, according to the Hong Kong firm behind the deal. The takeover, which will see Three owner CK Hutchison swallow up O2 to create the UK's largest operator, is under investigation …

  • Shell Profits Plunge By 80% Amid Oil Slump Sky News - Thu, Feb 4, 2016 08:24 GMT
    Shell Profits Plunge By 80% Amid Oil Slump

    Royal Dutch Shell (Xetra: R6C1.DE - news) has reported an 80% plunge in profits and warned a prolonged drop in oil prices could see more cutbacks in the group, which has already slashed thousands of jobs. The company cut back on investments in 2015 and is this year pulling out of a project in Abu Dhabi as well as postponing …

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