Sony Books $1.3bn Loss Despite Strong Sales

Record Playstation and strong smartphone sales were not enough to prevent Sony recording a $1.26bn loss for its last financial year. The Japanese electronics firm blamed costs associated with its restructuring for the performance, reforms which included...

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East European Migrant Influx Fails To Emerge

By Anushka Asthana, Political Correspondent The number of Romanians and Bulgarians working in the UK has fallen by 4,000 since transitional controls on immigration were lifted on January 1. Figures from the Office of National Statistics show 140,000...

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Pfizer Boss: 'Merger Not A Risk To Lives'

Pfizer-AstraZeneca Takeover Explained Updated: 4:04pm UK, Tuesday 13 May 2014 Pfizer has expressed an interest in taking over AstraZeneca but what does that mean for Britain and British jobs, and what can the Government do about it? :: So is there...

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British GSK Executive Accused Of China Bribery

By Mark Stone, China Correspondent, In Beijing The British former head of GlaxoSmithKline's (GSK) China unit has been accused of bribery. Chinese investigators claim Mark Reilly ordered his salespeople to bribe doctors and hospital officials...

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Property Boom Leaves Many Unable To Buy

By Ed Conway, Economics Editor The proportion of English and Welsh homes selling for over £1m has more than doubled during the Great Recession, in the latest evidence of the property market boom. In London a record 7% of all home sales listed by...

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Fans' Anger As Xbox One Drops Kinect Feature

Early adopters of Microsoft's Xbox One have reacted angrily after the firm slashed the price of the console by stripping out a major feature. Sales of the device are flagging in comparison to the PlayStation 4, partly due to the console's higher price...

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Sports Direct To Shed Pounds With LA Fitness

By Mark Kleinman, City Editor It has changed the face - and economics - of high street sports goods retailing. Now Sports Direct International is preparing to take on the health and wellbeing industry by snapping up dozens of gyms from LA Fitness....

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Interest Rate To Remain Low For 'Some Time'

Affordability Gap: Figures In Detail Updated: 11:45pm UK, Tuesday 13 May 2014 The 10 most affordable and least affordable areas to buy a property in England and Wales. They are listed by their affordability gap - the ratio between average house prices...

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Quarterly Jobs Growth Hits 43-Year High

The unemployment rate has hit its lowest level since February 2009, helped by a record number of people finding work over the quarter. The figures - released by the Office for National Statistics (ONS) - showed a record 283,000 people secured a job...

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Banks Warn Regulator On 'Illegal' Bonus Rules

By Mark Kleinman, City Editor New rules that would force bankers to wait more than a decade to get their hands on bonuses would breach "the principle of natural justice" and leave lenders exposed to costly legal challenges, a trade body has warned....

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