Clothing Website M And M Fashions £80m Sale

By Mark Kleinman, City Editor The online discount clothing website M and M Direct is to change hands for more than £80m amid a frenzy of deals involving some of the UK's best-known retailers. Sky News understands that TA Associates, the private...

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Pension Firms 'Lose Billions' After Speech

Britain's financial service providers have lost billions in value after the Chancellor delivered his Budget for 'savers and pensioners', Sky News has calculated. By mid-afternoon an estimated £4.5bn had been wiped off the value of the top five UK pension...

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Unemployment Drops By 63,000 In Last Quarter

The unemployment figure for the three months to January has dropped by 63,000 to 2.33 million. The Office for National Statistics (ONS) added that the number of people claiming Jobseeker's Allowance last month fell by 34,600 to 1.17 million. Meanwhile,...

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Music Streams Hits $1bn Amid Anti-Piracy Push

Global music sales continue to fall but revenues from streaming and subscription services have topped $1bn (£600m) for the first time. According to the International Federation of the Phonographic Industry (Ifpi), figures for 2013 show digital streams...

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Osborne Close To Landmark China Banking Deal

By Mark Kleinman, City Editor George Osborne is closing in on a landmark deal that would see the City become one of the world's most important offshore centres for trading the Chinese currency. Sky News understands that the Government hopes to...

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Paddy Power Rapped Over Pistorius Advert

The bookmaker has been heavily criticised for an advertising campaign in which it offered "money off if he walks" in connection with South African athlete Oscar Pistorius, who is on trial for the murder of his girlfriend Reeva Steenkamp. The Advertising...

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China's Smog 'Deters Top Foreign Executives'

China's chronic air pollution is now a major reason why foreign executives do not want to work in the country, a survey has found. A boost in car usage is partially behind the smog problem According to the American Chamber of Commerce in Beijing (ACC),...

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New £1 Coin Is 'Most Secure In The World'

The Chancellor has used his Budget to introduce a major change for the nation's pockets - a new pound coin to be introduced in 2017. The high-tech coin will have the same shape as the 12-sided threepenny bit and will be the hardest in the world for...

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Co-op Picks Banks For £600m Pharmacies Sale

By Mark Kleinman, City Editor The troubled Co-operative Group is set to pay millions of pounds in fees to two City advisers as it prepares the sale of its pharmacies division. Sky News understands that the mutual, which is reeling from the loss...

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Budget 2014: The Key Points You Need To Know

The Chancellor George Osborne has delivered his fifth budget. Here are the key points. Savings :: Tax-free ISAs to be boosted to £15,000 per year from July. Junior ISAs up to £4,000 a year. :: Stocks and shares ISAs can be tranferred to new single...

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