Energy Firm SSE To Freeze Household Bills

'Big Six' energy firm SSE is to freeeze household bills until January 2016, it has been confirmed. The announcement comes amid the ongoing controversy over energy bill price hikes for consumers and businesses. SSE chief executive Alistair Phillips-Davies...

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Lloyds Bank Shares Worth £4.2bn Sold

Taxpayers have been left with a 25% stake in Lloyds Banking Group after the Government sold shares valued at £4.2bn. The taxpayer owned 33% of Lloyds but the Treasury has continued with plans to fully return the lender to the private sector. Some 5.6bn...

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Royal Mail Confirms Plans To Axe 1,300 Jobs

A union has raised the threat of industrial action after Royal Mail confirmed it was consulting on plans to cut 1,300 jobs, mainly managerial staff. Unite, which represents 7,000 managers at the firm, described the proposals as "ruthless". Royal Mail,...

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Wind Turbine Plants To Create 1,000 UK Jobs

A £310m investment in the country's offshore wind industry is set to deliver 1,000 new skilled jobs. German manufacturer Siemens is putting up £160m of the money, covering two sites on the banks of the Humber estuary. The investment comprises additional...

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Honda Swindon Plant Job Threat Over Shift Cut

More than 300 jobs are under threat at Honda's plant in Swindon as the car manufacturer cuts production. The Japanese firm wants to reduce workflow from three daily shifts to two - blaming poor sales growth outside the UK. Its review would also result...

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Centrica Slashes Top Executives' Pay To £6.6m

By Mark Kleinman, City Editor The owner of British Gas will reveal this week that it slashed executive pay awards last year after a share price decline triggered partly by the intensifying political row over energy prices. Sky News has learnt that...

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Falling Fuel Costs Help Inflation Dip To 1.7%

The biggest monthly fall in petrol prices since September 2009 helped the annual rate of inflation ease to 1.7% in February - a level not seen for more than four years. The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) measure...

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Santander Fined £12m Over Poor Advice Service

Santander UK has been fined £12.4m by the City regulator over poor advice given to its customers. Details of the penalty were first revealed by Sky News City Editor Mark Kleinman on the Jeff Randall Live programme on Tuesday night. He revealed that...

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Facebook In $2bn Oculus Virtual Reality Deal

What Facebook Plans For Oculus Takeover Updated: 1:26pm UK, Wednesday 26 March 2014 By Tom Cheshire, Technology Correspondent Happy days: now you can actually strap Facebook to your face. The social networking giant has bought virtual reality...

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Candy Crush Firm Loses $850m On Market Debut

The makers of Candy Crush Saga have seen nearly $1bn wiped from the company's value after shares started trading on the New York Stock Exchange. The stock price for King Digital Entertainment plc dropped more than 12% within minutes, dropping its value...

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