Energy Bills: Npower Deal Creates 'Big Seven'

A new player in the UK energy market is to be created after npower agreed a deal to offload 770,000 customer accounts. They form part of npower's Electricity Plus and Gas Plus subsidiaries, which were sold today for £218m to Telecom Plus, a supplier...

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Co-Op: Cameron Pledges Flowers Inquiry

David Cameron has said there will be an inquiry into the appointment of the disgraced Methodist minister Paul Flowers as chairman of the Co-operative Bank. The Prime Minister told the House of Commons there were "a lot of questions that have to be answered"...

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Debt Crisis: Poorest Enduring 'Perfect Storm'

A report is warning of the impact of a debt trap on the poorest in society, with unsecured debts nearing £160bn in the UK. The Maxed Out study by the right-leaning think tank the Centre for Social Justice (CSJ) charted a "perfect storm" of rising living...

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Government Spent £410,000 On Green Deal PR

By Sophy Ridge, Political Correspondent The Government has spent more than £410,000 on PR consultants to promote its Green Deal scheme, despite only 219 households having the work completed. The £413,815 marketing spend works out at £1,889 for...

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Poor Language Skills 'Hampering UK Economy'

By James Matthews, Sky News Correspondent Britain's inability to speak "important" foreign languages could jeopardise future prosperity and global standing, according to a new report. The British Council has said the UK has an alarming shortage...

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JPMorgan Agrees $13bn Mortgage Complaint Deal

JPMorgan Chase has agreed to pay $13bn (£8bn) to settle complaints over mortgages and mortgage securities, US officials have said. The deal includes $9bn in payments to authorities and $4bn which will go to people affected by the bank's actions,...

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Kill Switch: US Carriers Resist Security Feature

Mobile phone carriers in the US have been accused of "shaking down" customers for billions of dollars after refusing to install "kill switches" on devices. Lost and stolen mobile devices cost consumers more than $30bn (£18bn) last year, according to...

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Banker Defends £9.5bn Royal Mail Valuation

By Mark Kleinman, City Editor The investment bank which proposed a near-£10bn valuation for Royal Mail defended its approach on Wednesday, saying it had not had access to inside information and had taken a bullish view of the company's prospects....

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Boeing Hails 777X Dubai Air Show Order Spree

Boeing has announced up to $101.5bn (£63bn) in aircraft orders at the Dubai Air Show, driven by 'record demand' for its planned long haul 777X aircraft. The new business took the US aerospace firm's total orders at the show to more than twice that booked...

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Ratings Agency Fitch Bids For Deals Newswire

By Mark Kleinman, City Editor The parent of Fitch, one of the world's biggest credit ratings agencies, has emerged as a surprise bidder for a provider of business intelligence being sold by the owner of the Financial Times. Sky News has learnt...

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