Energy: Big Six Profit From Switching Failure

A competition inquiry into the energy market has found suppliers routinely charging loyal customers up to £234 more per year. The Competition and Markets Authority's (CMA) update on its continuing probe into the sector also contained criticism of...

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Messaging App Snapchat Says It Is Worth $19bn

Snapchat - the app which lets you send and receive self-destructing photographs and videos - says it is worth $19bn (£12.4bn). The company is looking to raise up to $500m (£325m) in a new funding round, according to a company source cited by Bloomberg....

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Greek Insider Likens 'Arrogant' Germany To Nazis

By Robert Nisbet, Europe Correspondent Germany's government has been "overtaken by arrogance" in its approach to debt negotiations, a Greek government source has told Sky News. The senior Syriza politician said Athens would call for an emergency...

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Tesco Appoints New Chairman 'At Critical Moment'

Troubled supermarket Tesco has appointed John Allan as its new chairman, replacing Sir Richard Broadbent. Mr Allan, who takes up his role on 1 March, is currently on the boards of electrical retailer Dixons Carphone and Royal Mail but will step down...

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Inflation At Record Low Of 0.3% In January

The annual rate of inflation has eased to a record low of 0.3% and is on course to fall further, boosting consumer spending power after years of weak wage growth. The Office for National Statistics estimated the CPI measure of inflation was at its...

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Rolls-Royce To Develop Sports Utility Vehicle

The luxury carmaker Rolls-Royce has announced it will develop its first sports utility vehicle (SUV) designed to "cross any terrain". The announcement was made via an open letter from Rolls-Royce chairman Peter Schwarzenbauer. The company has revealed...

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Could You Save By Switching Energy Suppliers?

Households across the country could save hundreds on bills by spending just 10 minutes to compare energy suppliers, experts say. With a Competition and Markets Authority report indicating many customers are paying a high price for failing to make...

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Wages Rise 2.4% As Inflation Eases Further

The latest official figures on wages show annual increases of 2.4% as the rate of inflation eases to 0.3%. Details released by the Office for National Statistics (ONS) highlight the improvement in pay versus rising prices - boosting the spending power...

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Raid On HSBC's Private Bank In Switzerland

Prosecutors in Switzerland have launched an investigation into allegations of money laundering at HSBC's Swiss private banking arm. It follows a report that the bank turned a blind eye to illegal activities of arms dealers and traders in blood diamonds...

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Lloyds And RBS Face Repeat Of Cash Bonus Cap

By Mark Kleinman, City Editor Cash bonuses at the UK's state-backed banking giants are to be restricted to £2000 for a sixth consecutive year as ministers seek to avert a public row over pay less than three months before the General Election. Sky...

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