City Investors Vow Fight Over RBS Break-Up

By Mark Kleinman, City Editor Some of the City's most prominent institutional investors are vowing to oppose any attempt to break up Royal Bank of Scotland (RBS), claiming it would undermine attempts to recover the taxpayer's £45.5bn of rescue funding....

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Young 'Face Decades Of Saving To Buy Homes'

Average First-Time Buyer Deposits Updated: 1:24am UK, Wednesday 19 June 2013 A regional breakdown of how long it would take average first-time buyers to save for a deposit in their local area: NORTH EAST :: Average first-time buyer house price: £74,981...

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Major UK Supermarkets Launch New Food Labels

By Lisa Dowd, Sky News Correspondent Major supermarkets and food manufacturers are introducing a new traffic light labelling system to help people make healthier choices. Until now, businesses had different labels on the front of their products...

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NSA Chief: Spying 'Foiled 50 Terror Plots'

The US government's sweeping surveillance programmes have foiled some 50 terrorist plots worldwide, the director of the National Security Agency has said. They included a plan to bomb the New York Stock Exchange and another aimed at a Danish newspaper...

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Cable Presses For RBS Bonus Link To Lending

By Mark Kleinman, City Editor Vince Cable is to push for the new boss of Royal Bank of Scotland (RBS) to have his pay more closely-tied to its small business lending amid intensifying debate about its future. Speaking to Sky News, the Business...

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Bankers Should Face Jail Terms, Report Says

By Mark Kleinman, City Editor A new criminal offence punishing bankers for "reckless misconduct" while running their institutions is the centrepiece of proposals unveiled by a group of MPs and peers aimed at reforming the industry. The Parliamentary...

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Dreamliner Diverted In Latest Boeing Setback

A Boeing 787 Dreamliner has landed safely after being diverted when pilots were made aware of a potential oil filter problem. In the latest of a series of setbacks for the new model, United Airlines said a Dreamliner on its way to Tokyo from Denver...

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Auditor Agrees 'Fine And Ban' In New York

A US division of British-based auditor Deloiitte has been fined $10m by New York state for its actions in advising Standard Chartered Bank over money laundering. In addition to the fine, the equivalent of £6.4m, Deloitte's Financial Advisory Services...

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Chancellor Orders RBS To Accelerate US Sale

By Mark Kleinman, City Editor George Osborne is putting pressure on Royal Bank of Scotland (RBS) to accelerate its exit from the US retail banking market, Sky News understands. People familiar with discussions between the RBS board and the Chancellor...

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Chinese Go On UK Luxury Spending Spree

A Chinese conglomerate is to spend £1bn to buy British yacht maker Sunseeker and develop an upmarket London hotel on the major Nine Elms regeneration site. Dalian Wanda Group is taking a 91.8% stake in Sunseeker for £320m. The yacht builder, which...

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