FirstGroup Hit By West Coast Rail Shambles

The flawed bid process at the Department for Transport (DfT) which cost FirstGroup (FG) the West Coast Mainline rail franchise will also hit the company's shareholders. In its first half results announcement FG confirmed it was holding dividend payments...

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Burberry's Profit Falls After Perfume Hit

Burberry reports a fall of almost 30% in profit in the first half of this year, but its revenue beat expectations despite a slowdown in demand from Asia. It said pre-tax profit over the six months to the end September was £112m - which includes one-off...

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Riot Police On Alert Ahead Of Austerity Vote

By Anthee Carassava in Athens With the US presidential elections concluded, markets have shifted attention to Europe's deepening debt crisis, as Greece - the epicentre of the continent's financial woes - prepared to vote for another round of austerity...

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Microsoft Ditches Chat Tool After Skype Deal

Microsoft has announced that its instant message chat tool is to be "retired" in favour of Skype's messaging service. The software giant, which bought Skype for $8.5bn (£5.3bn) in May 2011, said Windows Live Messenger (WLM) would be turned off by March...

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Dixons 'May Hire Comet Staff This Christmas'

Dixons has postponed hiring temporary staff for over the festive period, to enable those employed by embattled rival Comet to apply. Comet went into administration last week, raising questions about the future of its 6,000 jobs across 236 stores. As...

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Bus And Tube Fares To Rise Above Inflation

London mayor Boris Johnson was today accused of trying to bury bad news as he confirmed above-inflation increases in tube and bus fares. He announced a 4.2% average increase from January 2 2013 - and said the figure would have been higher had he not...

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EU Budget: PM Defiant Over Planned Increase

David Cameron has attacked a "ludicrous" rise in the European Union budget ahead of showdown talks with Angela Merkel. The Prime Minister will meet the German Chancellor at Downing Street - less than three weeks before a crunch summit to determine the...

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Taylor Wimpey Assembles Offer For Rival

Taylor Wimpey, one of Britain's biggest housebuilders, is poised to wade into the auction of Cala Homes, a Scottish rival, amid a revival of the sector's fortunes and a renewed appetite for consolidation. I understand that Taylor Wimpey, which unveiled...

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Pay Gap In Reverse As Women Work 'For Free'

The gender pay gap is so large at almost 15% that women will effectively work the rest of the year for free, it is claimed. A study by the campaign group Fawcett Society suggests that, rather than improving, the pay and jobs prospects of women...

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World Stock Markets Fall After Obama Victory

World stock markets fell sharply on Wednesday afternoon amid concerns for the US and eurozone economies. The Dow Jones in New York dropped 1.3% on opening - and fell over 2.4% in morning trading - in its first trading session since the re-election...

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