Sean Quinn Jailed For Contempt Of Court

Sean Quinn Senior has been jailed for failing to comply with a court order to overturn a multimillion-euro asset-stripping plot. A judge at Dublin's High Court said she had no choice but to sentence the former-tycoon to nine weeks in prison. This summer,...

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Car Insurance Cost Fall 'Will Not Last'

Car insurance premiums are said to have gone into reverse gear by £360 (13.6%) for young drivers - but there are concerns costs could rise dramatically after next month's EU gender ruling. Insurance comparison site Confused.com has advised 17 to 20-year-old...

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Pension Forecasts To Be Slashed By FSA

People are to get more realistic estimates of the value of their retirement pension pots under plans announced by the City watchdog. The Financial Services Authority (FSA) said it will reduce the standard projection rates used to show possible future...

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Summly: iPhone App Delivers Bite-Sized News

A news summary app has been launched this week on the back a $1m investment from Horizons Ventures and celebrities like Stephen Fry and Yoko Ono. Summly, created by the London-born, 17-year-old Nick D'Aloisio, pulls in articles from online sources and...

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RBS Confirms £1.2bn Loss After PPI Hit

RBS has confirmed it made a loss before tax of £1.2bn in the third quarter, compared with a profit of £2bn for the same period last year. As revealed by Sky's City Editor, the bank has set aside a further £400m for the mis-selling of payment protection...

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Waitrose Reveals 'Unglamorous' Christmas Ads

Waitrose opts for an "unglamorous" advertising campaign this Christmas, as it plans to donate £1m to good causes. The high-end supermarket, which operates in a partnership with its employees, said it was "breaking with convention" by restricting its...

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Japan Tech Firms Need Revamp To Topple Korea

Japan's top electronic firms have been told to change their business model, amid plunging share prices and booming competition from South Korea. Shares in Sharp fell on Friday as worries about the TV and display maker's future deepened, a day after...

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Polly Peck Tycoon Nadir Ordered To Pay £5m

Disgraced tycoon Asil Nadir has been ordered to pay £5m compensation to Polly Peck International administrators or face a further six years in prison. In August, Nadir was jailed for 10 years for stealing £28.6m pounds from his business empire and its...

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America Sees Huge Spike In Number Of New Jobs

The United States economy has added 171,000 net new jobs in October - a figure much higher than expected by analysts. Simultaneously, the unemployment rate inched up to 7.9% from 7.8% in September due to the increased size of the work force. The new...

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Comet Collapse: Gift Vouchers Suspended

Gift vouchers for stricken electrical retailer Comet have been suspended, the chain's administrator has confirmed. Deloitte, which was appointed on Friday, has launched an "urgent" search for a buyer to protect some 6,600 jobs at the 236-outlet chain....

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