Housing Market: Rental Costs Near Record

The effect of rising house prices on the rental market is laid bare today as a report suggests private rents are just £1 short of record highs. The lettings network LSL Property Services said rents had reached their second highest level since 2008 -...

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Bra Price-Fixing Probe Launched By Watchdog

The country's biggest department store chains are facing investigation over suggestions they colluded with a bra manufacturer to fix prices. The Office of Fair Trading (OFT) alleged that the manufacturer of the Shock-Absorber range, DB Apparel UK, entered...

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Ryanair Promises To Be Nicer To Passengers

Ryanair's firebrand chief executive Michael O'Leary has promised to transform the carrier's "abrupt culture" as it bids to win customers from rivals. He was speaking at the no-frills airline's AGM in Dublin following complaints from several investors...

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Regulators Poised To Unveil ICAP Libor Deal

By Mark Kleinman, City Editor ICAP, the interdealer broker, is poised to agree a Libor rate-rigging settlement next week that would take the aggregate penalties from the scandal to more than £1.7bn. Sky News understands that ICAP, which is run...

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The Sky News Business Round-Up And Look Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. :: Monday September 23 The markets will react to the results of the German elections on Monday. Also, AG Barr, the soft drinks group which makes Irn-Bru, publishes...

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Foxtons Flotation: Shares Soar On Debut

The resurgent property market is being credited for a "stunning" stock market debut for estate agency chain Foxtons. It priced shares at the top end of estimates at 230p each ahead of its flotation on Friday morning, in a move that valued the London-focused...

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Apple iPhone 5S: 'Shortage' Of New Models

The new iPhone models have gone on sale, with eager shoppers - many of whom had camped out - flooding into Apple's flagship stores. But hundreds of people took to Twitter to say that many stores had ran out of the new devices, while Apple's online store...

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Buying A House 'Cheaper Than Renting'

Home buyers are almost £900 better off a year than those who rent - but an upturn in house prices means the gap has narrowed in recent months, a report has found. Research by Halifax, which based its calculations on its own database as well as official...

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BlackBerry Slashes Jobs In Face Of $1bn Loss

BlackBerry has confirmed it will cut 40% its global workforce as it said it expects to report that it has lost almost $1bn in its second quarter. The smartphone company said it will lay off 4,500 employees as it tries to slash costs by 50% and shift...

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Barclays £1.3m Cyber Raid: Two Men In Court

Two alleged cyber plotters accused of stealing £1.3m from a high street bank by taking control of its computer system have appeared in court. Darius Bolder, 34, and Tony Colston-Hayter, 47, are alleged to have set up a sophisticated system to siphon...

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