Osborne Urged To Begin Lloyds Share Sale

By Mark Kleinman, City Editor The agency which manages taxpayers' stake in Lloyds Banking Group has told George Osborne that the sale of the Government's shareholding can begin imminently, paving the way for a disposal to take place within days....

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Apple Offers Charger Trade-In Over Safety Fears

Apple has unveiled a worldwide programme to replace third-party and counterfeit USB power adaptors at a cheaper price. The decision comes after a Chinese woman was reportedly electrocuted while answering her phone as it was being charged with a non-Apple...

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Fair Trade Warning To Quick Home Sale Sector

The trading watchdog is urging almost 120 firms operating across the "quick house sale" sector to make sure their business practices are up to scratch. The warning comes after an investigation found some hard-pressed customers end up handing over their...

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US Sues Bank Of America Over Investor Losses

The US government is suing the country's second-largest bank over investor losses on $850m (£550m) of mortgage bonds sold ahead of the financial crisis. Separate filings by the Justice Department and Securities and Exchange Commission (SEC) were launched...

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China Fines Formula Milk Firms For 'Fixing'

China has fined six companies a total of $110m (£71m) following an investigation into price fixing and anti-competitive practices by foreign baby formula makers. They are accused of cashing-in on strong demand for foreign infant formula in the wake...

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Financial Predators Stalk Co-op Funerals Arm

By Mark Kleinman, City Editor The Co-operative Group has rebuffed a string of takeover approaches for its funerals arm amid a controversial restructuring of its troubled banking division. Sky News has learnt that buyout firms including CVC Capital...

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Vodafone To Launch 4G On Same Day As Rival

The roll-out of high speed 4G services is gathering pace as Vodafone confirms it will launch its offering on the same day as rival O2 - August 29. The companies are following in the footsteps of EE, which stole a march on them with a 4G offering last...

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The Lone Ranger To Make Disney Huge Losses

Disney has confirmed that it expects to lose up to $190m (£123m) on the new Johnny Depp western, The Lone Ranger. The adventure movie, directed by Gore Verbinski and produced by Jerry Bruckheimer, has made just $86m (£55m) at the US box office...

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Borrowers Boost: Interest Rates Tied To Jobs

The Bank of England plans to keep the base rate of interest at its record low level until unemployment falls to 7% - unlikely for another three years. The announcement was made by new governor, Mark Carney, at his first Inflation Report news conference...

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Emerging Markets Chief Quits In Blow To Amec

By Mark Kleinman, City Editor The executive responsible for emerging markets at the FTSE-100 engineering services group Amec has quit, dealing a blow to the company the day before it announces half-year results to the City. Sky News understands...

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