US New Jobs At Lowest Level For Nine Months

US Jobs Figures Are Deeply Worrying Updated: 4:04pm UK, Friday 05 April 2013 By Ed Conway, Economics Editor Americans are dropping out of the jobs market, and fast. That's the depressing takeaway from today's non-farm payroll report. The overall...

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HMV Rescue Saves 141 Stores And 2,500 Jobs

By Mark Kleinman, City Editor HMV's future as a high street retailer has been salvaged in a £50m deal that secures 2,500 jobs on Britain's beleaguered high streets. Hilco, a restructuring firm, confirmed on Friday morning that it had struck an...

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Food Prices Set To Soar After Big Freeze

By Emma Birchley, East of England Correspondent Months of heavy rain followed by extreme cold are set to hit harvests and push the price of the weekly shop up ever higher. More than a quarter of winter wheat could not be planted last autumn because...

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HBOS Bank Bosses Life-Ban Call In Report

Exclusive: Ex-HBOS Banker Gets Ban Updated: 8:00pm UK, Wednesday 12 September 2012 By Mark Kleinman, City Editor One of the former executives who led HBOS to the brink of collapse in 2008 is to be hit with a massive fine and a lifetime ban from...

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HMV Rescue: Hilco Deal To Save Jobs And Shops

By Mark Kleinman, City Editor HMV, Britain's last remaining independent music retail chain, is on the verge of being rescued in a £50m deal that will preserve 2,500 jobs. Hilco, the specialist restructuring firm, is poised to sign a binding agreement...

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Smartphone Sales Boost Samsung's Profit

Samsung has said it expects to report strong results for the first three months of the year - usually a slow time for consumer electronics sales. The South Korean company estimated that its operating profit rose to 8.7trn won (£5.06bn) in the quarter...

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What Car? Reveals Miles Per Gallon 'Myth'

There is a significant difference between official fuel economy information and vehicles' actual performance, according to a study by What Car?. Research by the consumer magazine revealed that 95.5% of cars do not match the Government's economy figures,...

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Boeing's Dreamliner: IAG Orders More Planes

Boeing 787 Dreamliner Timeline Updated: 8:24am UK, Thursday 04 April 2013 The turbulent history of the Boeing 787 Dreamliner: Apr 3, 2013: Company says it has completed more than half of its battery tests Mar 25, 2013: Boeing says its first test...

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PM's Case For Union With Defence Jobs Warning

Salmond Must Set Out Defence Plan Updated: 8:37am UK, Thursday 04 April 2013 By Alistair Bunkall, Defence Correspondent Philip Hammond, in a speech last month, described the SNP's vision of an independent defence force as "insultingly vague" and...

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Welfare Shake-Up 'Could Increase Fraud'

Osborne Defends Benefits Shake-Up Updated: 5:14pm UK, Tuesday 02 April 2013 George Osborne has robustly defended the Government's controversial benefits shake-up - insisting Britain can no longer afford to reward people who do the "wrong thing". Speaking...

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Vodafone Shares Open Down As Deal Denied

Verizon Communications has denied speculation that it was preparing to bid for Vodafone - either alone or with others. It comes after speculation that the US telecommunications company would pair-up with its biggest rival AT&T to buy out the British...

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SSE Fined £10.5m By Ofgem Over Mis-Selling

Energy provider SSE has been fined £10.5m by industry watchdog Ofgem for repeated mis-selling to householders. The regulator said the proposed penalty is the largest it has made against an energy firm. It relates to failures at "every stage" of the...

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Bank Of England Powers Increase Amid Overhaul

The Bank of England is to become one of the world's most powerful central banks as the biggest overhaul of financial regulation for 16 years takes effect. Sweeping changes are undoing the system set up by former Prime Minister Gordon Brown when he was...

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Apple Apologises Over China Customer Service

The chief executive of Apple has announced plans to alter its iPhone warranty policies in China following weeks of criticism by the country's media. Tim Cook apologised for confusion over its after-sales service in China - its second-largest market,...

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PRA Covers Cypriot Deposits In UK Accounts

Britain's new banking watchdog has said that local deposits in an ailing Cypriot bank would be transferred and given protection of up to £85,000. The Bank of England's new Prudential Regulation Authority (PRA) said UK deposits in the Cyprus Popular...

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Cyprus Bank Deposits 'To Lose 60% Of Value'

Savers with more than 100,000 euros in the Bank of Cyprus could lose up to 60% of their deposits, two senior officials have warned. The Central Bank official and the Finance Ministry technocrat said sums held at the country's largest lender will ...

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Cyber Currency Surge Amid Eurozone Crisis

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual...

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George Osborne Banking Shake-Up Takes Effect

The Bank of England is becoming one of the world's most powerful central banks as the biggest overhaul of financial regulation for 16 years takes effect. Sweeping changes are undoing the system set up by former Prime Minister Gordon Brown when he was...

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Post Office Staff On Strike Over Closures

Thousands of staff in the country's biggest post offices are striking in a row over jobs, pay and closures. Members of the Communication Workers Union (CWU) in around 370 so-called Crown offices were mounting picket lines in protest at plans to close...

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Cyprus Bank Deposits 'To Lose 60% Of Value'

Savers with more than 100,000 euros in the Bank of Cyprus could lose up to 60% of their deposits, two senior officials have warned. The Central Bank official and the Finance Ministry technocrat said sums held at the country's largest lender will ...

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Cyber Currency Surge Amid Eurozone Crisis

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual...

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