GSK Sacks Workers Over China Bribe Probe

British pharmaceutical giant GlaxoSmithKline has sacked staff in China amid an investigation into allegations of corruption. A small number of staff has been affected, after an investigation was launched into expense payments. The company employs around...

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Lloyds Seeks Approval To Boost Pay Of Top 400

By Mark Kleinman, City Editor Lloyds Banking Group is to seek approval to boost the pay packets of up to 400 of its most senior staff in a move which could stoke political tensions over bankers' remuneration. Sky News has learnt that the taxpayer-backed...

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High Streets Show 'Resilience' After Crash

Around 80% of high street stores left vacant after the collapse of successive retail chains have now been filled, new research suggests. Accountancy giant Deloitte said Britain's high streets were recovering at a greater pace than rival locations such...

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New Car Sales Accelerate By 18% In March

New car registrations were up almost 18% in March compared to the same period last year. A total of 464,824 cars were registered in the month, the highest level for a decade - nearly 15,000 a day. Last month's figure and the previous high, recorded...

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Google Fined £825k Over Street View Cars

Google has paid a €1m (£825,000) fine over the use of its Street View camera cars in Italy. The Italian Data Protection Authority (DPA) hit the California-based company with the penalty after complaints were made about its vehicles. The fine relates...

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City Questions Future Of UKLA Chief Teasdale

By Mark Kleinman, City Editor Fund managers have begun questioning the future of the executive in charge of London's market disclosure regime following the insurance sector debacle which wiped billions of pounds off share prices last week. Senior...

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Japanese Giant Rakuten In £120m McLaren Talks

By Mark Kleinman, City Editor The Japanese owner of Play.com is in talks to take over the title sponsorship of the McLaren Formula One (F1) team, one of the most prestigious naming rights deals in global sport. Sky News has learnt that Rakuten,...

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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 April 7 Results from the Co-Operative Bank are expected no later than Tuesday. In late March, the bank said it expected to report a full-year pre-tax loss...

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House Of Fraser Bought By Chinese Tycoon

A Chinese tycoon has bought British high street chain the House of Fraser, according to sources. Reuters said a 89% stake was bought by Sanpower, a Nanjing-based conglomerate controlled by Yafei Yuan. Sources have told Sky News an announcement is expected...

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Microsoft XP And Office 2003 Security Warning

Britain's data protection watchdog has warned owners of Microsoft's Windows XP and Office 2003 products of future potential security flaws. The warning from the Information Commissioner's Office (ICO) comes as the software giant is set to end official...

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