General Motors Fined $35m For Recall Delay

The US government has fined General Motors the maximum $35m (£21m) for delayed recalls of vehicles with faulty ignition switches. Thirteen people died in crashes linked to the problem, the company says, but lawsuits put the actual death toll at...

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Rothschild Gears Up For £150m Autodata Deal

By Mark Kleinman, City Editor A division of the Rothschild banking dynasty is preparing a swoop on one of the world's biggest suppliers of automotive data in a deal worth close to £150m. Sky News understands that Five Arrows Principal Investments,...

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Co-Op Vote On 'Slimmed-Down' Restructure

The future of the struggling Co-op group is to be decided today as radical reforms are voted on at its annual general meeting. Former City minister Lord Myners has proposed a major shake-up of the 150-year-old business which reported losses of...

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Dixons Carphone Merger Is Boardroom Challenge

Dixons Carphone Eyes The World Of Future Tech Updated: 11:53am UK, Thursday 15 May 2014 By Tom Cheshire, Technology Correspondent It all sounds pretty retro. The new company to be formed by the merger of Dixons and Carphone Warehouse will be...

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Dixons And Carphone Warehouse Merger Agreed

Dixons Carphone Eyes The World Of Future Tech Updated: 11:53am UK, Thursday 15 May 2014 By Tom Cheshire, Technology Correspondent It all sounds pretty retro. The new company to be formed by the merger of Dixons and Carphone Warehouse will be...

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E.ON To Pay Customers £12m Over Mis-Selling

Energy Complaints Soar By Staggering 224% Updated: 1:53am UK, Monday 07 April 2014 Complaints about energy companies have trebled in the first quarter of this year, according to the energy sector's ombudsman who is calling for "increased transparency"....

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Interest Rate To Remain Low For 'Some Time'

Affordability Gap: Figures In Detail Updated: 11:45pm UK, Tuesday 13 May 2014 The 10 most affordable and least affordable areas to buy a property in England and Wales. They are listed by their affordability gap - the ratio between average house prices...

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Japanese Rush To Beat Sales Tax Increase

Japan's economy grew at its fastest rate for almost three years in the first quarter as firms and consumers rushed to beat the implementation of a sales tax rise. Official figures showed GDP growth at an annualised rate of 5.9% - or 1.5% on the previous...

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Dixons And Carphone Warehouse Merger Agreed

The owner of Currys/PC World, Dixons Retail, and Carphone Warehouse have confirmed an all-share 'merger of equals' to capitalise on the growing digital market. While the combined entity, to be known as Dixons Carphone, will continue to sell traditional...

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City Star Woodford To Meet Pfizer Boss Read

By Mark Kleinman, City Editor The City's most prominent fund manager will meet the boss of Pfizer this week for talks about the US pharmaceuticals giant's proposed £63bn takeover of AstraZeneca. Sky News has learnt that Neil Woodford, an influential...

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Pfizer Chief To Face MPs Over AstraZeneca Jobs

Pfizer's chief executive is to be questioned by MPs later about the US drugs company's commitments to UK jobs as part of its £63bn takeover plan for AstraZeneca. Ian Read has questioned the British drugmaker's ability to stand alone for much longer...

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Npower Tops Citizens Advice Complaints Table

Energy giant Npower topped a 'big six' complaints list, at the same time it announced inflation-busting price hikes. The Citizens Advice Bureau (CAB) said that between October and December, it received 10 times as many complaints as the best performing...

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'Zombie Bank Accounts Cost Savers £4bn A Year'

Savers are losing more than £4bn a year by having their money in poor-paying accounts, according to consumer group Which? The group found more than a third of accounts closed to new customers, dubbed 'zombie accounts', paid 0.5% interest or less. This...

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Billionaire Britain: New Nation Of Super-Rich

Top 25 Billionaires In Britain Updated: 12:54am UK, Sunday 11 May 2014 The top 25 names on the 2014 Sunday Times Rich List, including their total fortune and the change from last year. 1. Sri and Gopi Hinduja, £11.9bn, up £1.3bn 2. Alisher Usmanov,...

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CBI Says Home Loans To Rise In Early 2015

Homeowners are to come under more pressure early next year amid a prediction of interest rates rising. According to the Confederation of British Industry (CBI), the UK base rate will jump from the current historic low of 0.5% to 0.75% in the first quarter....

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'Zombie Bank Accounts Cost Savers £4bn A Year'

Savers are losing more than £4bn pounds a year by having their money in poor-paying accounts, according to consumer group Which? The group found more than a third of accounts closed to new customers, dubbed 'zombie accounts', paid 0.5% interest or less....

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Amazon Paid £10m Tax On £4.3bn UK Sales

Online retailer Amazon paid a UK corporation tax bill of £10m last year, despite sales in Britain reaching £4.3bn, it has been revealed. Amazon.co.uk saw a 56% rise in profit to £17m during 2013, along with a 13% rise in UK revenue. The company reports...

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Billionaire Britain: New Nation Of Super-Rich

Top 25 Billionaires In Britain Updated: 12:54am UK, Sunday 11 May 2014 The top 25 names on the 2014 Sunday Times Rich List, including their total fortune and the change from last year. 1. Sri and Gopi Hinduja, £11.9bn, up £1.3bn 2. Alisher Usmanov,...

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