GSK Probed By SFO In UK Over Bribe Claims

Britain's Serious Fraud Office (SFO) is investigating drugs giant GlaxoSmithKline (GSK) over alleged bribery, it has been confirmed. The west London-based pharmaceutical firm, the world's sixth largest, said the SFO has opened a "formal criminal investigation"....

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Ex-JP Morgan Banker Hannam Loses FCA Appeal

By Mark Kleinman, City Editor One of the City's top investment bankers has lost an appeal against a ruling that he committed market abuse, leaving him exposed to the prospect of a larger fine than the £450,000 sanction initially imposed on him....

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Google To Build Its Own Self-Driving Cars

Google is building its first prototype self-driving car - with no steering wheel, acceleration pedal, or brake. Until now, Google has focused on adapting existing car models with its self-driving technology, and has driven hundreds of thousands of miles...

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Lloyds Banking Group Confirms Float Of TSB

Lloyds Banking Group has confirmed a decision to sell around 25% of retail lender TSB, enticing investors with the offer of free shares. The flotation is expected next month on the London Stock Exchange, following publication of a prospectus mid-month....

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Detroit: Eliminating Blight 'Would Cost $850m'

Wiping out the abandoned and decrepit buildings that are the hallmark of bankrupt Detroit could cost nearly $850m (£506m), a report has said. The study, prepared by a special task force appointed by President Barack Obama, said nearly one in three structures...

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Nationwide Pre-Tax Profit Up 303% To £677m

The Nationwide building society has reported an annual pre-tax statutory profit of £677m, up more than 300% on the figure last year. It said that total income for the year ended April 4 was up 16%, at £2.9bn. The mutual added that gross mortgage lending...

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Skype To Launch Real-Time Language Translator

Real-time voice translation will be added to Skype by the end of the year, Microsoft has revealed. The firm says it has taken years of research to be in a position to launch the feature, and that it is still "early days" for the technology. Skype vice...

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Serco Wins 15-Year Caledonian Sleeper Deal

Embattled outsource firm Serco has won a 15-year contract to operate the Caledonian sleeper train service between London and Scotland. The company, which was forced to repay the Government £68.5m in December for overcharging for the tagging of criminals,...

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Political Battle Over Who Can Make Scots Richer

Scots Independence: Rest Of UK Firms Want Union Updated: 4:40am UK, Wednesday 07 May 2014 By Niall Paterson, Sky News Correspondent An overwhelming majority of businesses in England, Wales and Northern Ireland say that Scotland should remain part...

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British Gas Chiefs Poised To Quit In Shake-Up

By Mark Kleinman, City Editor The bosses of British Gas and its parent company are close to stepping down as part of a management shake-up at Britain's biggest energy supplier. Sky News can reveal that Chris Weston, who runs Centrica's international...

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