Petrol Prices Drop To A Three-Year Low

Petrol: The Pump Price Conundrum Updated: 10:35pm UK, Wednesday 30 January 2013 By Ursula Errington, Business Correspondent So, the OFT says motorists aren't being ripped off, that the price of petrol on our forecourts is fair and isn't the result...

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Phones4u Owner Nears £300m Cartrawler Deal

By Mark Kleinman, City Editor The owner of the high street chain Phones4u is closing in on a bumper takeover of Cartrawler, the owner of the Holiday Autos car rental brand. Sky News understands that BC Partners, one of the UK's leading private...

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HS2 Tsar Needed For Project, Says Taskforce

A special HS2 minister should be appointed by the Government to oversee the £50bn high-speed rail project, a report from the scheme's growth taskforce has said. The group said the appointment would ensure emphasis remained on growth and regeneration...

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Mt Gox Finds 200,000 'Stolen' Bitcoins

One of the largest bitcoin exchanges says it has found 200,000 bitcoins which were thought to have been stolen by hackers. Tokyo-based Mt Gox, which filed for bankruptcy last month, said in a statement the bitcoins were identified on March 7 after "old...

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Putin Signs Crimea Annexation As Russia Warned

Vladimir Putin has completed legislation for taking control of Crimea, as David Cameron warned Russia it faces international isolation and tighter sanctions over the move. As the Russian President signed the final annexation document in a Kremlin ceremony...

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Fortnum Boss Warns of Scots Vote 'Disaster'

By Mark Kleinman, City Editor, in Dubai The chief executive of Fortnum & Mason, the upmarket London-based grocer has warned that a 'yes' vote in the Scottish independence referendum would be a "disaster" for the country. Speaking exclusively...

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China 'Targets Foreign Firms To Boost Research'

Chinese investors are targeting hi-tech foreign firms to gain vital knowledge on research and development (R&D) techniques. That is the reason behind a sharp rise in foreign investments, according to an article in the English language People's Daily...

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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 March 24 On Monday, the Chancellor's budget "perk" to reduce beer duty by a penny comes into effect.  :: Tuesday March 25 Energy provider, SSE will...

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Leahy Firm Leads Race For £1bn Dubai Group

By Mark Kleinman, City Editor, in Dubai The private equity firm which employs Sir Terry Leahy, the former boss of Tesco, is leading the race to buy a German industrial group which has key operations in northern England. Sky News understands that...

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Auction House Bonhams Eyes Sale Of Its Own

By Mark Kleinman, City Editor, in Dubai It has secured a record bid for a painting in Russia and struck the most valuable purchase of an Old Master at auction. Now Bonhams, the British auctioneer, is considering a deal of a different kind. Sky...

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