Oil Find Near Gatwick 'Clarified' By Owner

The company which reported a massive upgrade to an oil find near Gatwick Airport has conceded it was not in a position to properly size it up. Last week's announcement that up to 100 billion barrels, a potentially "world-class" discovery, had been...

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EU Charges Google With Abusing Market Position

The EU has formally charged Google with abusing its search market position in Europe, leaving it open to a fine of more than $6bn (£4bn). The European Commission has been examining whether Google, which holds about 90% of the search market in Europe,...

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Lib Dems: We'll Protect No 10 From 'Extremes'

Nick Clegg has warned against a coalition that would see Nigel Farage or Alex Salmond walk through the doors of Number 10 as he launched his party's manifesto. The Liberal Democrat leader said that come 8 May either David Cameron or Ed Miliband...

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Nokia To Buy Alcatel-Lucent In €16.5bn Deal

Nokia is to buy Alcatel-Lucent in a €16.5bn deal in an apparent bid to take on Ericsson and become the world's leading telecoms equipment firm. The all-share transaction, which has the support of the French government, will create a combined company...

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Shawbrook Banks On Cornish As New Chairman

By Mark Kleinman, City Editor One of the independent scrutineers of banking regulators' inquiry into the collapse of HBOS is to be named as the new chairman of Shawbrook, one of the start-up lenders spawned by the 2008 financial crisis. Sky News...

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China Figures Suggest Tough Landing Ahead

China's Statistics Bureau has published the country's GDP figure for the first quarter of 2015 - a growth rate of 7%. For most Western markets that's an enviable figure. For China though, it represents the slowest growth for six years. Yet the Chinese...

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Windsor Castle Staff Back Industrial Action

Staff described by their union as the "public face" of Windsor Castle have voted to take industrial action in a pay dispute. The 76 wardens, all members of the Public and Commercial Services (PCS) union, voted by 84% in favour of action short of a...

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