Flybe: 300 Jobs Cut Amid Outsource Plan

Regional airline Flybe is to cut 10% of its workforce in an attempt to save £35m and return to profit. The Exeter-based carrier has announced plans to cut 300 jobs from its 3,000-strong UK workforce and is considering outsourcing further support functions,...

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Google Sees Its Annual Revenue Top $50bn

Search giant Google has hit a new annual revenue high and an increase in profit, despite ploughing more money into developing smartphone and tablet technology. "We ended 2012 with a strong quarter," Google co-founder and chief executive Larry Page said....

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TweetDeck: Twitter Bosses Sent Closure Letter

By Pete Norman, Sky News Online Sky News has obtained a letter sent to one of Twitter's UK companies by the business regulator, giving it written warning of impending closure. Cardiff-based Companies House sent the letter to the two American directors...

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Zombie Fund Phoenix Rebuffs £400m Ignis Bids

By Mark Kleinman, City Editor Phoenix Group, the 'zombie' life assurance company, has rebuffed a string of takeover approaches for its fund management arm as it approaches a crucial phase of efforts to replace billions of pounds of debt. I understand...

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Unemployment: UK Jobless Total Down 37,000

Unemployment fell by 37,000 in the three months to the end of November, with the total figure of those out of work standing at 2.49 million. The number of people claiming jobseeker's allowance last month also fell by 12,100 to 1.56 million, the Office...

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JP Morgan Boss Says Sorry For 'London Whale'

The boss of JP Morgan has apologised for the $6bn (£3.8bn) loss caused to the investmet bank by the so-called London Whale trades. JPMorgan Chase & Co chief executive Jamie Dimon said sorry to shareholders, calling it a "terrible mistake," but said...

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Lloyds Confirms 940 More Banking Job Cuts

Lloyds Bank has confirmed it is to axe another 940 jobs, taking job loss announcements at the firm to 1,300 in the past few days. Sky News has confirmed the cuts will occur in the group operations, insurance, retail, wealth and international and commercial...

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UK Economy: IMF Cuts Growth Forecast

By Ed Conway, Economics Editor The International Monetary Fund has cut its forecast for UK growth this year and the next, in the latest economic blow for Chancellor George Osborne. The IMF cut its forecast for Britain's expansion next year by more...

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David Cameron Promises 'In-Out' EU Referendum

Mixed Reaction To Cameron Speech Updated: 2:06pm UK, Wednesday 23 January 2013 David Cameron's key speech on Europe has sparked a predictably mixed reaction from within Britain and beyond. Here are the key quotes. Deputy Prime Minister Nick Clegg...

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Iceland's Leader Slams Gordon Brown Over Crisis

By Ed Conway, Economics Editor, in Davos The President of Iceland has launched an extraordinary verbal attack on Gordon Brown on the fringes of the World Economic Forum in Davos. Olafur Ragnar Grimsson, the country's longest-serving president,...

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