Latest GDP Drop Puts Pressure On Osborne

A lot of people suspected the news would not be good. It turns out it was even worse than expected. Britain's economy is shrinking once again - and far deeper into negative territory than was anticipated. That 0.3% decline in the fourth quarter of...

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Apple Overtaken By Exxon As Most Valuable Firm

Apple has been overtaken as the most valuable company in the world - by its old rival Exxon Mobil - after the iPhone and iPad maker saw its stock price fall. Exxon Mobil is now the largest US publicly-traded company by market value - roughly a year...

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UK GDP Falls By 0.3% In Last Quarter

How GDP Is Compiled Really Matters Updated: 10:21am UK, Tuesday 27 November 2012 By Ed Conway, Economics Editor I've covered economics for a decade or so, but I confess that until very recently I didn't really know what GDP really is. I mean,...

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Petrol Price Rise On Way As 'Floodgates Open'

Petrol prices are set to rise by up to four pence a litre in the next few days, retailers have predicted. The rise was forecast by the Petrol Retailers Association (PRA), and would add around £2 to the cost of filling a typical family car. It comes...

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Microsoft Reveals Year-On-Year Profit Dip

Windows 8 has helped Microsoft to post record revenues in the past quarter, but its profits are down slightly from the same period a year ago. Profits dipped 3.7% from 12 months ago to $6.38bn (£4.04bn), which was better than many had forecast. Revenues...

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Nick Clegg Suggests Coalition Cut Too Deeply

Deputy Prime Minister Nick Clegg has appeared to admit that the coalition cut spending too deeply when it took power. Speaking ahead of the release of figures that are expected to show a fresh contraction in the UK economy, he said ministers had "comforted"...

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Apple Reports Quarterly Revenue Of $54.5bn

Apple sold 47.8 million iPhones in the last quarter of 2012 and its revenues rose to $54.5bn (£34.4bn) - but the numbers fell short of its targets. Revenue for the first fiscal quarter of 2013 - the key Christmas shopping period from October 1 to December...

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Cameron To Target Tax Avoidance In Davos Speech

David Cameron will call for greater international cooperation to crack down on tax avoidance in a speech to the World Economic Forum later. The Prime Minister will urge world leaders to work together to tackle problems with evasion and avoidance which...

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easyJet Sees Revenue Up 9% In Last Quarter

Low cost air carrier easyJet has seen total revenue for the last three months of 2012 rise by 9.2%, up to £833m. Total revenue for its first quarter reporting period, ending December 31, was £833m. The airline also reported that passenger numbers were...

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Rolls-Royce Job Cuts: Union Says 400 Face Axe

Aerospace firm Rolls-Royce has confirmed it is in consultation over job cuts at one of its plants, after a union said nearly 400 workers are at risk. Rolls-Royce sent an internal memo to its staff to detail its proposals, according to the Unite union....

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David Cameron To Pledge 'In-Out' EU Referendum

Cameron And The EU: A Q&A Updated: 3:46pm UK, Tuesday 22 January 2013 By Nicola Boden, Sky News Online David Cameron's speech on Britain's position in Europe is significant for his party and for the country. Here is an explainer. Why is Cameron...

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Google Sees Its Annual Revenue Top $50bn

Search giant Google has hit a new annual revenue high and an increase in profit, despite ploughing more money into developing smartphone and tablet technology. "We ended 2012 with a strong quarter," Google co-founder and chief executive Larry Page said....

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Old Fashioned Con Artistry Makes A Comeback

Traditional con artistry is making a comeback with cheque and procurement fraud as well as Ponzi scams on the rise. While the spotlight has been on rogue traders and 'super' fraud cases in recent years, KPMG has found a surge in the number of individuals...

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Rose Replaces Grade As Ocado Chairman

By Mark Kleinman, City Editor Sir Stuart Rose is to stage a dramatic stock market comeback after he was appointed today as the new chairman of Ocado, the online grocer. I exclusively revealed that Ocado would announce Sir Stuart's appointment as...

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Defence Cuts: 5,000 Soldiers Set To Be Axed

By Alistair Bunkall, Defence Correspondent Around 5,000 soldiers will be made redundant in the latest round of job cuts, the Government will announce today. The Army will bear the heaviest burden in this third tranche of redundancies, the Navy...

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Prince Charles In British Industry Warning

Prince Charles is to warn that Britain is in danger of losing its reputation as the "standard bearer of quality manufacturing and engineering" if more young people are not attracted into the industries. The Prince of Wales will deliver his speech during...

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Dreamliner Probe Widened Beyond Batteries

Boeing 787 Dreamliner Timeline Updated: 1:50am UK, Saturday 19 January 2013 The turbulent history of the Boeing 787 Dreamliner: Jan 19, 2013: Boeing says it is stopping deliveries of the Dreamliner to airlines. Jan 18, 2013: US Federal Aviation Administration...

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Tax Office Moves To Wind-Up Late Pay Firms

HM Revenue and Customs attempts to shut down companies late to pay tax have jumped by 57% in a year, according to a new survey. Business advisory firm Wilkins Kennedy said HMRC presented 5,302 petitions to wind up companies in the year ending March...

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Boeing Dreamliner Deliveries Halted

Boeing 787 Dreamliner Timeline Updated: 1:50am UK, Saturday 19 January 2013 The turbulent history of the Boeing 787 Dreamliner: Jan 19, 2013: Boeing says it is stopping deliveries of the Dreamliner to airlines. Jan 18, 2013: US Federal Aviation Administration...

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Investment Bank Chief To Quit RBS In Shake-Up

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is to embark on a further restructuring of its investment banking arm in a move that will pave the way for the departure of the unit's chief executive. I have learned that RBS executives...

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Blockbuster Shuts 129 Shops And Slashes Staff

The collapsed DVD and games rental firm Blockbuster is to close 129 of its 528 shops and axe 760 workers in the coming weeks. Some 31 branches have already been put on notice of closure, according to the company's administrators Deloitte. The move...

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