Share Markets Rally To New Post-Crisis Highs

Japan's Nikkei share average has ended at a new 53-month high, taking the index to a level not seen since the collapse of Lehman Brothers and helping buoy other markets. The Nikkei climbed 2.6% to 12,283.62, its highest closing level since September...

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Boeing Dreamliner Fire: No Cause Found

Dreamliner: Boeing 'Finds Fix' Updated: 2:29pm UK, Thursday 28 February 2013 Boeing has said it has found a "permanent" solution to fix battery problems on its grounded 787 Dreamliner aircraft. The head of the company's commercial aircraft division...

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Construction Falls Fuelling Triple Dip Fears

By Ed Conway, Economics Editor Output in Britain's construction sector has slumped to the lowest level since the mid-1980s, further raising the prospect of Britain returning to recession. Activity in the sector dropped by 6.3% in January, following...

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Permira's 'Death Bond' Firm To Join IPO Rush

By Mark Kleinman, City Editor The private equity group behind Just Retirement, one of Britain's biggest providers of so-called 'death bond' annuities, is preparing to float the company amid a revival in the market for public share sales. I have...

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Post Office Workers Support Strike Action

Post Office workers have voted in support of strike action in a ballot by the Communication Workers Union (CWU). Almost 90% voted in favour of industrial action over a dispute about pay and job security, the union said. Three-quarters of the union's...

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Investors Put £275m Price Tag On Go Compare

By Mark Kleinman, City Editor Shareholders in Go Compare, the price comparison website, today slapped a minimum £275m price-tag on the company ahead of a sale later this year that insiders believe could value it at close to twice that sum. Documents...

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Cameron's Speech Rebuked By Fiscal Watchdog

David Cameron has been rebuked by the Office for Budget Responsibility about the impact of his Government's austerity measures on economic growth. In a high-profile speech on Thursday, the Prime Minister said the OBR was "absolutely clear that the deficit...

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US Boom: Jobs Jump By 236,000 In February

The number of people hired in the United States by non-farm employers jumped by 236,000 in February, exceeding expectations. The unemployment rate also dropped to 7.7% from 7.9% in January, the lowest level since December 2008. The Obama administration...

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Vince Cable: Tories Waging 'Economic Jihad'

Vince Cable has accused right-wing Conservatives of waging "idealogical jihad" on public spending and warned the Liberal Democrats would block efforts to implement some cuts. Speaking at a fringe event on the eve of the party's spring conference in...

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More Than 400 In Barclays Millionaires' Club

By Mark Kleinman, City Editor More than 400 staff at Barclays earned pay deals worth more than £1m last year, a reduction on 2011 but a substantial number for a year in which the bank's reputation was dragged through the mire. According to Barclays'...

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