King Warned Of Political Push For Co-op Deal

By Mark Kleinman, City Editor The Governor of the Bank of England warned one of the bidders for more than 630 Lloyds Banking Group branches that its offer would fail because of "a political desire" to see a rival proposal from the Co-operative Group...

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Energy Bills: Ofgem Targets Power Operators

The energy regulator has moved to help cut household energy bills in future by rejecting business plans from five of the six companies that own and operate Britain's local electricity network. The five firms, whose activities form below 20% of an annual...

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Former Co-op Chairman Released On Police Bail

Chancellor George Osborne has announced plans for an independent inquiry into the Co-operative Bank's near collapse, as its former chairman was released by police. The review uses new powers under the Financial Services Act and follows calls from Prime...

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Samsung Told To Pay Apple $290M In Damages

A US jury awarded Apple Inc about $290m in a damages retrial against Samsung Electronics Co Ltd, restoring a large chunk of a historic verdict the iPhone maker won last year. After a week-long trial, the jury deliberated for nearly two days before reaching...

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Energy Bills: Ofgem Targets Power Operators

The energy regulator has moved to help cut household energy bills in future by rejecting business plans from five of the six companies that own and operate Britain's local electricity network. The five firms, whose activities form below 20% of an annual...

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Ex Co-op Bank Chairman Paul Flowers Arrested

Former Co-op bank chairman Paul Flowers has been arrested in connection with a drugs supply investigation, police have said. West Yorkshire Police said officers detained the 63-year-old in the Merseyside area on Thursday night and he is being questioned...

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Barclays Boss To Head Major Business Charity

By Mark Kleinman, City Editor The chief executive of Barclays is being lined up take the helm of the charity Business in the Community (BitC), less than 18 months after the bank became embroiled in a series of reputational crises. Sky News understands...

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Stocks Stumble On Fed Stimulus Slowdown Plan

Stock markets retreated after confirmation from the US Federal Reserve that it is actively considering a slowdown of its massive bond purchase programme. Members of the US central bank, according to minutes of their last meeting, agreed that they would...

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Co-Op: Flowers In £75k Charity Expenses 'Scam'

Disgraced former Co-Op bank boss, Paul Flowers, claimed £75,000 in false expenses from a drugs charity, it has been claimed. Mr Flowers, a former Labour councillor, clocked up the claims over five years during his time as the chairman of the trustees...

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Poor Language Skills 'Hampering UK Economy'

By James Matthews, Sky News Correspondent Britain's inability to speak "important" foreign languages could jeopardise future prosperity and global standing, according to a new report. The British Council has said the UK has an alarming shortage...

16.02 | 0 komentar | Read More

JPMorgan Agrees $13bn Mortgage Complaint Deal

JPMorgan Chase has agreed to pay $13bn (£8bn) to settle complaints over mortgages and mortgage securities, US officials have said. The deal includes $9bn in payments to authorities and $4bn which will go to people affected by the bank's actions,...

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Debt Crisis: Poorest Enduring 'Perfect Storm'

A report is warning of the impact of a debt trap on the poorest in society, with unsecured debts nearing £160bn in the UK. The Maxed Out study by the right-leaning think tank the Centre for Social Justice (CSJ) charted a 'perfect storm' of rising living...

16.02 | 0 komentar | Read More

Npower Tops List Of Energy Customer Complaints

Npower has topped a customer complaints list leading an energy watchdog to describe its performance as "unacceptable". Latest research compiled by Consumer Futures, which represents consumers in regulated markets, said npower had 202.5 complaints per...

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Supermarkets Taken To Task Over Offers

By Poppy Trowbridge, Business And Economics Correspondent Some of Britain's biggest supermarkets have been accused of running so-called special offers that often see customers "paying over the odds". Consumer group Which? analysed more than 70,000...

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easyJet Special Dividend As Profits Rise 51%

easyJet is planning to return £175m to shareholders in a special dividend after full year profits rose 51% to £478m - a record for the company. The no-frills airline said in addition to the one-off payment of 44.1p per share - subject to shareholder...

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Banks Urged To End Expensive Phone Charges

High street banks, credit card companies and insurers are being urged to cut high-rate customer lines after a study found almost three quarters are costly 084 or 087 numbers. Which? found that 177 out of 242 customer or complaints lines for financial...

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Thomas Cook Offloads Foreign Exchange Unit

By Mark Kleinman, City Editor The chief executive of Thomas Cook will on Monday continue her reshaping of the revitalised tour operator by unveiling the sale of its foreign currency division. Sky News has learnt that Harriet Green struck a deal...

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Top Directors' Pay Up 14% In Past Year

Pay packets for directors at Britain's biggest listed companies have grown 14% in the past year - more than six times the increase in overall average earnings. The disparity has been driven by a huge rise in share-based long-term incentive payments,...

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JPMorgan Agrees $4.5bn Mortgage Payout Deal

US banking giant JPMorgan Chase has reached a deal to pay $4.5bn (£2.79bn) to investors for losses on mortgage securities sold before the financial crisis. A total of 21 institutional investors are to receive the money. JPMorgan said the deal would...

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Crunch Time As Biscuit-Maker Seals £350m Sale

By Mark Kleinman, City Editor The maker of Jammie Dodgers and Wagon Wheels is finalising an agreement to sell itself this weekend to a Canadian pension fund for around £350m. Sky News understands that Burton's Biscuits is expected to announce on...

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Clegg Calls For New Tax Cut To Help Millions

Deputy Prime Minister Nick Clegg is calling on his coalition partners to raise the income tax threshold for a fifth time so the Government can "reward" voters for years of austerity. The Liberal Democrat leader wants Chancellor George Osborne to take...

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