Royal Mail To Change Post Box Collection Time

The collection time at almost 50,000 Royal Mail post boxes will be brought forward to earlier in the day under new plans. Staff delivering letters are expected to make the pick-ups as part of their rounds. Some 47,500 post boxes will see collection...

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Malaysia Airlines Launches 'Complete Overhaul'

Malaysian officials have released a share buy-back plan to take Malaysia Airlines off the stock market, as part of a "complete overhaul" of the embattled carrier. State investment firm Khazanah Nasional, which owns 69% of the airline, wants to purchase...

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Canadian Teachers Swoop On Debt Group Lowell

By Mark Kleinman, City Editor A giant Canadian pension fund has swooped to buy a big stake in Lowell Group, one of Britain's biggest consumer debt collection agencies. Sky News understands that Teachers Private Capital (TPC), an investment arm...

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Russia In EU And US Food And 'Flight Ban'

Russian Prime Minister Dmitry Medvedev has said the country is considering a ban on flights from Europe and the US to Asia. Speaking at a government meeting he said the "serious measure" of blocking Russian airspace was a response to sanctions that...

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Malaysia Airlines Launches 'Complete Overhaul'

Malaysian officials have released a share buy-back plan to take Malaysia Airlines off the stock market, as part of a "complete overhaul" of the embattled carrier. State investment firm Khazanah Nasional, which owns 69% of the airline, wants to purchase...

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Co-op Group Reveals Major Restructure

The struggling Co-operative Group has announced plans for reform of its governance structure. It said the executive board would be reduced from the current 18 positions to nine, as soon as new rules are registered. It also said the smaller board would...

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Lloyds Boss Joins Ranks Warning On New Rules

By Mark Kleinman, City Editor The boss of Lloyds Banking Group has become the latest heavyweight figure to raise concerns about the impact of impending industry regulation, warning that a proposal to force bankers to prove they were not liable for...

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Walgreens Confirms Full Takeover of Boots

US pharmacy chain Walgreens has confirmed it is to take full control of Boots. In a deal worth £5.6bn worth of cash and shares, the drugs giant will acquire the remaining 55% of Alliance Boots that it does not already own. But as US markets opened...

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Kellogg Crunches Numbers On £2bn Penguin Deal

By Mark Kleinman, City Editor The American food giant Kellogg is examining a £2bn offer for the owner of McVitie's, Penguin and other famous British biscuit brands. Sky News has learnt that Kellogg has appointed investment bankers at Barclays to...

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Bosses Who Fix Energy Prices Face Prison

Executives who rig wholesale gas and electricity prices face up to two years in jail under Government plans aimed at driving down the cost of household bills. Those who fix prices at an artificial level would be committing a criminal offence if the...

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Walgreens Shuns Inversion In £5bn Boots Deal

By Mark Kleinman, City Editor One of America's biggest corporate names is poised to bow to intense US political pressure by retaining its headquarters in the US even as it secures a full takeover of Boots, Britain's biggest pharmacy chain. Sky...

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L&G Sees Profit Rise On Pension Reforms

Legal & General (L&G) saw its pre-tax profit rise by 7% for the first half of the year. The life insurance and pensions provider reported a profit of £636m, up from £594m for the same period last year. The company credited an increase in demand...

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Ex-William Hill Chief Backs Scottish Yes Vote

By Mark Kleinman, City Editor The former boss of Britain's biggest bookmaker will declare his support on Tuesday for an independent Scotland, arguing that pro-union campaigners have been guilty of "political posturing" whose arguments lack economic...

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Scotland's Future Up For Debate In TV Contest

By James Matthews, Scotland Correspondent The two men leading the fight for Scotland's future will go head to head in a TV debate tonight. First Minister of Scotland Alex Salmond will face Alistair Darling MP, leader of the Better Together campaign,...

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HP Suing Autonomy Bosses Over Alleged Fraud

Hewlett-Packard (HP) is to set to sue the former chief executive of Autonomy. HP has accused Michael Lynch of fraud as an on-going row grows over its troubled purchase of the British software company three years ago. The US technology giant is also...

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Brady And Ex-M&S Boss To Get Tory Peerages

By Mark Kleinman, City Editor David Cameron is to hand peerages to The Apprentice star Karren Brady, the former Marks & Spencer (M&S) boss Sir Stuart Rose and a multimillionaire Conservative donor in a wave of appointments that could revive...

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Campaigners Call For 'Staycation' Tax Cut

By Frazer Maude, Sky News Reporter Campaigners fighting for a reduction in VAT for the tourism industry say it could offer the UK economy a £4bn boost. The popularity of domestic holidays, or 'staycations' has been fuelled by the recession. In...

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HSBC Urges Ring-Fencing Delay Amid CMA Probe

By Mark Kleinman, City Editor One of Britain's biggest banks is urging the Government to delay a deadline for separating lenders' retail and investment banking operations amid fears that billions of pounds could be wasted on the project. Sky News...

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High Street Revival 'Has Shown Little Impact'

By Frazer Maude, Sky News Correspondent The self-titled "Queen of Shops" has come under fire after her Government-backed bid to revive the High Street has shown little impact. Wolverhampton was one of 12 town centres chosen to pilot retail guru...

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Brady And Ex-M&S Boss To Get Tory Peerages

By Mark Kleinman, City Editor David Cameron is to hand peerages to The Apprentice star Karren Brady, the former Marks & Spencer (M&S) boss Sir Stuart Rose and a multimillionaire Conservative donor in a wave of appointments that could revive...

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Campaigners Call For 'Staycation' Tax Cut

By Frazer Maude, Sky News Reporter Campaigners fighting for a reduction in VAT for the tourism industry say it could offer the UK economy a £4bn boost. The popularity of domestic holidays, or 'staycations' has been fuelled by the recession. In...

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