Oil Find Near Gatwick May Be 'World Class'

The estimated size of an oil find near Gatwick Airport has been upgraded to 100 billion barrels by a company backing exploration of the area. UK Oil & Gas Investments (UKOG) said the Horse Hill-1 well in the Weald Basin was now thought to hold...

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Stallone Thanks UK Piracy Police After Arrest

Sylvester Stallone has thanked British police after a man was arrested on suspicion of leaking top films online, including Expendables 3. The 26-year-old from Halifax was arrested at his workplace in Leeds on Thursday and is being questioned by detectives...

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Gatwick Oil Find: Questions And Answers

An exploration firm has announced the discovery of billions of barrels of oil reserves at a site near Gatwick airport. The announcement by London-listed UK Oil & Gas Investments (UKOG) has raised a number of questions including: 1. How big is...

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Tories To Freeze Train Fares For Five Years

Rail fares will be frozen in real terms for five years if the Tories win the General Election, David Cameron has pledged. The Prime Minister said extending the Retail Price Index inflation cap on regulated ticket prices until 2020 would save the average...

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HSBC Tax Scandal: France Starts Criminal Probe

HSBC has expressed outrage at being placed on €1bn bail amid a criminal investigation in France into historical tax issues. The UK-listed bank said it was informed on Wednesday that French magistrates were examining the "conduct of its Swiss private...

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China Forms TPG Duet In Cirque Du Soleil Bid

By Mark Kleinman, City Editor One of China's biggest conglomerates is backing a bid by the American buyout giant TPG to win control of Cirque du Soleil, the live entertainment company which is one of Canada's most prominent global exports. Sky News...

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Canada Pension Fund Omers Eyes Equiniti Deal

By Mark Kleinman, City Editor One of Canada's biggest pension funds is plotting a takeover of Equiniti, the outsourcing group responsible for administering the pensions of millions of British civil servants. Sky News understands that Omers Private...

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Easyjet 'Rescue' Flights For Kids After Strike

Easyjet is laying on "rescue" flights to bring schoolchildren home after a French air traffic strike saw hundreds of flights axed. The budget carrier is running five special flights: Luton to Paris, Paris to Barcelona, Barcelona to Luton, Gatwick...

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M&S Sourcing Chiefs Set For Lavish Payday

By Mark Kleinman, City Editor Two brothers hired to boost the efficiency of Marks & Spencer's (M&S) clothing business are in line for multimillion pound paydays which could make them the company's best-paid employees over a three-year period....

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US Predator Eyes Bid For £6bn Smurfit Kappa

By Mark Kleinman, City Editor A US paper-manufacturing giant is weighing a £6bn-plus takeover bid for Ireland's Smurfit Kappa as a wave of global deals fuelled by cheap debt continues to gather pace. Sky News has learnt that International Paper Co...

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