TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. In early afternoon trades...

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TNT Plan 'Cuts £200m From Royal Mail Revenue'

Royal Mail has warned that delivery plans by rival TNT could reduce its revenue by £200m in coming years. It said TNT Post UK's expansion strategy would cost it £200m in the 2017/18 financial year. It told regulator Ofcom that "absent intervention"...

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Cashless High Street Ditches Notes And Coins

By Becky Johnson, North of England Correspondent Shoppers will find their cash is worthless in one Manchester suburb as only cards will be accepted by stores on the high street. As part of a social experiment, shops along fashionable Beech Road...

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Tax Blunder By HMRC Means Millions Owe Money

By Darren McCaffrey, Sky Politics Reporter Millions of people will be forced to hand money to the Government after paying the wrong amount of tax because their bills were miscalculated. The blunder by HM Revenue and Customs (HMRC) relates to the...

16.02 | 0 komentar | Read More

TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. The initial pricing of 260p,...

16.02 | 0 komentar | Read More

Shire Pharmaceuticals Rejects £27bn AbbVie Bid

Management for Shire Pharmaceuticals has unanimously rejected a £27bn ($46bn) informal bid from US drug giant AbbVie. The London-listed drug firm rejected the takeover bid because it undervalued the group. Shire said in a statement: "The board of Shire...

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GM Ignition Fault 'May Have Killed 100 People'

Up to 100 deaths could be linked to a faulty ignition switch in GM cars that the firm failed to rectify for more than a decade, says a US lawmaker. Representative Diana DeGette, a Colorado Democrat, mooted the figure as she grilled GM chief executive...

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Fed Cuts Asset Purchases Amid Inflation Fear

The US Federal Reserve has cut the pace of monthly asset purchases by $10bn (£5.8bn), as it dampens fears of inflation rising. The Fed said its quantitative easing programme would now be set at $35bn (£20.6bn) a month. The US dollar weakened against...

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Home Loan 'Slowdown' As New Rules Take Effect

There has been a "slowdown" in new home loan advances because of increased lender scrutiny, according to the Council of Mortgage Lenders (CML). It said gross mortgage lending held steady in May at an estimated £16.5bn - identical to April's lending...

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Zoopla To Be Valued At £919m On Flotation

Zoopla, the property website, will have a market value of £919m after it set the offer price for its share sale. The firm - majority owned by Daily Mail And General Trust - said shares would be priced at 220p each in the Initial Public Offering...

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Amazon To Reveal '3D Smartphone' Today

Smile! Hundreds Of New Emojis To Be Released Updated: 10:23am UK, Tuesday 17 June 2014 They say a picture paints a thousand words - now there are going to be 250 more to choose from when you send a text. A major release of new Emojis - the symbols...

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MPs Warn Of 'Taxpayer Risks' From Help To Buy

The Government has dismissed a study by MPs which found the first part of its Help to Buy scheme poses a long-term risk to the taxpayer. The Public Accounts Committee (PAC) said the policy - under which Government equity loans finance as much as 20%...

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Maiden Chinese 'Green Bond' To List In London

By Mark Kleinman, City Editor An arm of the World Bank is to list the first 'green bond' denominated in China's currency in London in a move that will be hailed by ministers as a boost for the City's global status. Sky News has learnt that the...

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Chinese Visit To Bring In Deals Worth £17bn

By Mark Stone, China Correspondent, in Beijing A raft of commercial deals between the UK and China totalling more than £17bn will be agreed later in the first visit to Britain by a Chinese leader for over three years. China's Premier Li Keqiang...

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'Supermarket Price War' Helps Inflation Ease

The first annual fall in food prices since 2006 has helped the rate of inflation tumble to a four-and-a-half year low of 1.5%. The Office for National Statistics (ONS) said the dramatic easing in the annual rate of price growth in May, which was not...

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Energy Provider Switching Time Is Cut In Half

The energy regulator has confirmed the amount of time it takes to switch gas and electricity supplier is to be cut by half. Ofgem says it has agreed with the industry that switching times will fall to three days plus a 14-day cooling off period from...

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Hand Over The Dough! Domino's Pizza Hacked

Hackers who cracked the Domino's Pizza database say they have stolen the details of more than 600,000 customers – including their favourite toppings. Later, a hacker known only as Rex Mundi said the full details would be released today unless the firm...

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Russia 'Restricts' Ukraine Gas On Unpaid Bill

Russia has reportedly stopped gas supplies to Ukraine after it missed a deadline imposed by Moscow to pay almost half its $4.5bn (£2.7bn) bill. State-owned Gazprom said Ukraine's Naftogaz had failed to pay $1.9bn of its debt by its 0600 GMT (0700...

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Interest Rate Rise 'Signals End Of Crisis'

George Osborne Acts To Curb Housing Bubble Updated: 1:25am UK, Friday 13 June 2014 By Jon Craig, Chief Political Correspondent Barely a few minutes into his Mansion House speech, George Osborne said: "So while I know this is my fifth speech to...

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Carney Boosts Lloyds Plan For £1.3bn TSB Float

By Mark Kleinman, City Editor The state-backed Lloyds Banking Group is this weekend considering increasing the price at which it sells shares in TSB, its high street subsidiary, amid strong demand from investors. Sky News has learnt that Lloyds...

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Retailers Set Goals On World Cup Success

By Emma Birchley, Sky News Correspondent England fans are not the only ones hoping the players can find the back of the net as their World Cup campaign finally gets under way. Retailers too are banking on success. The Centre for Retail Research...

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