British Gas Sees Profit Up 11% To £606m

British Gas has reported a profit increase for the full year of 11% to £606m. The company said it performed well in the 12 months until December 31, despite a weak economy and energy cost increases. It said: "This is having a real impact for both residential...

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UK Economy Grew More Than Thought In 2012

The economy performed better than expected across 2012 despite shrinking in the final quarter, according to new official figures. The Office for National Statistics (ONS), in its second estimate for the fourth quarter, maintained its finding that output...

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Minister Hails 'Historic' EU Fish Agreement

The Government has said an EU agreement to introduce a blanket ban on dumping dead fish back into the sea is an "historic moment". EU ministers have backed an overhaul to the Common Fisheries Policy (CFP) which will see an end to a process called "discards"...

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Apple 'To Pay £66m' Over Kids' App Downloads

Apple is set to pay out around £66m ($100m) to settle a US lawsuit which claims children were improperly charged while playing iPad and iPhone games. It is alleged that poor safeguards meant kids were easily able to buy extra features for the free games...

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Horsemeat: Tesco To Source More Meat From UK

By Poppy Trowbridge, Business and Economics Correspondent Tesco has announced a commitment to source more of its meat from the UK at a farming conference in Birmingham today. The supermarket kingpin has told the National Farmers Union meeting that...

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Ryanair To Fight For Aer Lingus Takeover

Ryanair is to appeal a decision by the European Commission to block its proposed takeover of Aer Lingus over fears of higher fares. The no frills carrier, which already owns almost 30% of the rival Irish airline, claimed it was a purely political move...

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Martha Lane Fox To Join The House Of Lords

The web tycoon Martha Lane Fox is joining the House of Lords, where she will be the youngest woman peer. The co-founder of travel website lastminute.com, who is also David Cameron's "digital champion", will sit on the crossbenches as a non-political...

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Barclays Imposes £450m Libor Bonus Hit

By Mark Kleinman, City Editor Barclays is imposing more than £450m of financial penalties on its employees in relation to the Libor-rigging scandal which last year triggered the departure of its chief executive. I understand that the bank will...

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Global Exchanges Close In On LCH Deal

By Mark Kleinman, City Editor The clearing house responsible for processing billions of UK financial trades will in the coming days unveil a £300m capital-raising that is expected to include an increased shareholding being acquired by the operator...

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Hackers Target Oz Website Over Geert Wilders

A website run by Australian broadcaster ABC has been hacked in apparent retaliation for interviewing controversial Dutch politician Geert Wilders. ABC said the email addresses and some personal information of more than 40,000 people had been compromised....

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