Ofgem Plan 'Will Cut Energy Bills By £12 A Year'

Energy regulator Ofgem has announced plans to control electricity pricing for the next eight years from April 2015. The watchdog says the move will lead to a £12-a-year reduction in household bills. The proposals, which will be consulted upon for eight...

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Barclays Ups PPI Mis-Sell Provision By £900m

Barclays bank has announced it is making a further £900m provision for mis-selling of payment protection insurance (PPI) to consumers. The announcement comes as the lender released its latest half-year results, which showed a 7% drop in adjusted pre-tax...

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Russia Sanctions 'Will Hit UK Economy'

Economic sanctions targeting Russia in the wake of the downing of flight MH17 will hit the UK economy, Foreign Secretary Philip Hammond has warned. Mr Hammond was speaking to Sky News after Europe and the US agreed new measures against Vladimir Putin following...

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BA To Be Sued Over Pilot Child Abuse Claims

A number of young girls and women are taking British Airways to court over allegations that one of its pilots sexually abused children in African schools and orphanages. First Officer Simon Wood, 54, died last August after being hit by a train near...

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Bank Of England Gets Tough On City Misconduct

By Mark Kleinman, City Editor The Bank of England (BoE) has rewritten the City rulebook, introducing tough new restrictions on bankers' bonuses and the threat of stringent penalties including jail terms for errant executives. Announcing proposals...

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Travis Perkins First-Half Profit Soars By 20%

Travis Perkins saw a surge in the first half of the year as it reported a 19.4% rise in its pre-tax profits. Britain's biggest supplier of building materials said the increase was boosted by improving market conditions and increased customer confidence....

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US Economy Bounces Back After Harsh Winter

The US economy bounced back this spring after enduring a winter of discontent, the latest GDP figures have revealed. In the quarter between April and June, GDP grew at an annual rate of 4% as the economy saw an increase in consumer and business spending....

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Wagging Tails For Pets At Home As Sales Rise

Pets at Home has revealed quarterly revenue growth of more than 10%, amid an ambitious expansion plan. In an interim management statement, the pet food and accessory retailer said total revenue grew by 10.4% to £210.8m in the 16-week period to July...

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Twitter Share Price Soars As Popularity Grows

Twitter shares have soared after the social network reported rapidly rising user numbers. In its quarterly report, it said the number of monthly active users had hit 271 million - up 24% year-on-year. However its quarterly loss widened to $145m (£85.6m)...

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Directors Lobby To Keep Film In Hollywood

Top Hollywood directors are backing a bid to keep celluloid film alive in the movie and television industry. Kodak is aiming to strike a deal with all of the major studios as it faces stiff competition from digital technologies. Christopher Nolan,...

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