BP Gas Site: Brits Caught Up In Hostage Drama

"Several" British nationals are caught up in a terrorist attack at a gas field in Algeria where workers have been taken hostage. An Islamist militant group has claimed to have kidnapped up to 41 foreign nationals - including seven Americans and an Irishman...

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Boeing Dreamliners Grounded By Japan Airlines

Boeing 787 Dreamliner Timeline Updated: 4:05am UK, Wednesday 16 January 2013 The turbulent history of the Boeing 787 Dreamliner: Jan 16, 2013: Japan Air Lines Co Ltd (JAL) follows suit and suspends Dreamliner flights from Japan over safety concerns...

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Horsemeat In Burgers: Tesco Removes Product

Tesco, along with a number of other supermarkets, has removed certain brands of frozen beefburgers from its shelves in the UK and Ireland after they were found to contain horsemeat. A study examining the authenticity of a number of beefburger, beef...

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HMV Collapse: Early Interest In Retailer

The administrator for collapsed HMV has already had "very positive" expressions of interest in the entertainment retailer. Deloitte, which was formally appointed on Tuesday evening, told Sky News a few parties had made contact in the wake of the chain's...

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Car Crisis: Demand Crashes Across Europe

European car registrations fell by over 8% in 2012 according to official figures, as the crisis for carmakers shows no sign of slowing. Over the last year, demand for new vehicles reached its lowest level recorded since 1995, with sales falling in most...

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Smartphones Could Become UK's New Credit Cards

Most Britons will be able to pay for items using their mobile phone next year. Banks and financial institutions representing 90% of current accounts have agreed to launch the UK's first industry-wide mobile payment service in spring 2014. Using a process...

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Duke Street Plots Original Factory Shop Sale

By Mark Kleinman, City Editor The Original Factory Shop, one of Britain's largest discount retailers, is being groomed for a sale as the beleaguered sector braces for another year of prominent high street bankruptcies. I have learned that Duke...

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Brent Pipeline Shut After North Sea Oil Leak

The Brent pipeline network in the North Sea, which services up to 27 oil fields, has been closed temporarily. The shutdown followed the detection of a leak on the Cormorant Alpha platform off Shetland, which handles around 90,000 barrels per day of...

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City Grandees Join Forces For New Firm

By Mark Kleinman, City Editor Two of the City's most prominent corporate advisers are joining forces in a move that highlights the growing number of senior bankers choosing to ply their trade outside the world's biggest banks. I understand that...

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Blockbuster Collapses: 4,200 Jobs At Risk

By Mark Kleinman, City Editor The crisis on Britain's high streets is continuing after Blockbuster UK, the DVD rental chain, called in administrators in a move which puts more than 4,000 jobs at risk. Blockbuster UK has appointed the accountancy...

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