British Gas Customers Hit By Price Hike

Around 8.5 million households are being hit with a 6% rise in their energy bills as British Gas becomes the latest utility giant to hike its tariffs. The move is estimated to add another £80 to the typical annual dual-fuel bill for a British Gas customer,...

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Twinkies Maker Hostess To Close After Strike

The maker of iconic American treats such as Twinkies, Ding Dongs and Wonder Bread is closing its plants and liquidating its 82-year-old business. Hostess Brands announced on Friday it would lay off all of its 18,500 workers after a national strike crippled...

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Ikea 'Regrets' Using Forced Prison Labour

Ikea says it "deeply regrets" the use of forced prison labour by suppliers in communist East Germany more than two decades ago. The Swedish furniture giant apologised after commissioning a report into claims political prisoners worked in factories making...

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Bank Of Ireland And AIB Top Salaries Revealed

The Irish government has revealed that hundreds of executives at its taxpayer-backed banks are on six-figure salaries. Irish finance minister Michael Noonan confirmed that 24 staff at the Bank of Ireland and four from Allied Irish Bank (AIB) have pay...

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BBC Hires Bankers For Teletubbies Sale

By Mark Kleinman, City Editor The BBC's commercial arm is pursuing a sale of its interest in the company behind the global profile of The Teletubbies despite a potential delay to the arrival of its next chief executive. I understand that DC Advisory...

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CBI Boss Calls For Reform Of Offshore Tax

The head of Britain's biggest business body has told Sky News the "time has come" for foreign firms to pay their fair share of UK tax. Confederation of Business Industry (CBI) director general John Cridland was speaking as the issue of corporate offshore...

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RBS And Lloyds TSB 'May Cost Taxpayer £66bn'

More than £66bn of taxpayers' money invested in RBS and Lloyds TSB may never be recovered, MPs have warned. The Commons Public Accounts Committee (PAC), said that lessons needed to be learned from the sale of Northern Rock - and applied to decisions...

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Exclusive: Santander UK Plots Jersey Sale

The British arm of the giant banking group Santander is reviewing the future of its Jersey-based private banking arm days after rival HSBC was accused of using its business there to provide accounts to convicted criminals. I have learned that Santander...

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Comet Closing Down Sales As 41 Stores To Shut

The stricken retail chain Comet will close 41 stores by the end of the month unless a buyer can be found, administrators have confirmed. Redundancies were "inevitable" although administrators Deloitte said they would look to place staff from closing...

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Firms Could Be Forced To Reveal Consumer Data

Businesses are under pressure to join a scheme to give consumers data they gather about them on their shopping habits. Ministers are preparing laws which will force companies to disclose personal information to consumers if they request it. The move,...

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