Job Boom Promise On £4bn Kraken Oil Field

The Government has given the green light for oil firm EnQuest to invest £4bn in a North Sea oil field scheme that will support an estimated 20,000 jobs. EnQuest said that it would plough the investment into the Kraken oil field east of the Shetland...

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JPMorgan Agrees $4.5bn Mortgage Payout Deal

US banking giant JPMorgan Chase has reached a deal to pay $4.5bn (£2.79bn) to investors for losses on mortgage securities sold before the financial crisis. A total of 21 institutional investors are to receive the money. JPMorgan said the deal would...

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Crunch Time As Biscuit-Maker Seals £350m Sale

By Mark Kleinman, City Editor The maker of Jammie Dodgers and Wagon Wheels is finalising an agreement to sell itself this weekend to a Canadian pension fund for around £350m. Sky News understands that Burton's Biscuits is expected to announce on...

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.London: Capital To Get Its Own Domain Name

London is to get its own website domain suffix, in what is seen as a major boost for businesses in the capital. A deal was signed this week that will make available internet addresses ending in .london, instead of the usual .com or co.uk, from next...

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China Pledges Economic And Business Reform

China has pledged more reforms to loosen the communist authorities' grip on the world's second-largest economy, raising hopes of greater benefit for its foreign trading partners. The ruling party issued a document detailing economic reforms following...

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Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. :: Monday November 18 BMW will launch its new Mini on Monday. The German manufacturer ploughed £750m into production of the third generation car which is due to go...

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Former RSA Boss Makes Haste For TSB Chair

By Mark Kleinman, City Editor Andy Haste, the former boss of RSA Insurance, is being lined up to take the helm of TSB as it prepares for a rebirth as an independent bank on Britain's high streets. Sky News can reveal that Mr Haste has emerged as...

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£11bn Olympics Benefit Target Met

A four-year target of raising £11bn worth of economic benefit from the London Olympics has been met in 12 months, the Government has said. The country has benefited from new foreign investment, additional sales and firms winning contracts since last...

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EU Tax 'To Have €50bn Impact On Pensions'

By Mark Kleinman, City Editor A proposed European tax on financial transactions would cost pension funds and insurance companies up to €50bn each year, dealing a significant blow to the continent's economic recovery, according to a new report. ...

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Broadband Firms Join Forces For Online Safety

The Prime Minister has welcomed plans by the UK's largest broadband companies to join forces and help families stay safe online, by funding a new multimillion-pound campaign. Sky, BT, TalkTalk and Virgin Media are supporting the drive to raise awareness...

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