The Week's Big Business Stories

Yo! Sushi Exploring Sale Options Updated: 2:25pm UK, Wednesday 07 May 2014 Yo! Sushi's executive chairman Robin Rowland has told Sky News that the restaurant chain has appointed advisors for a sale. From the four restaurants the Japanese chain had...

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Co-op Group Stake In Its Bank 'Falls To 20%'

Charting The Crisis At The Co-op Updated: 11:05am UK, Tuesday 11 March 2014 The Co-operative grew from a small shop in Lancashire in the 19th century to a worldwide movement but the future of the modern day Group began to be threatened by a crisis...

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Free School Cash Checks 'Not Good Enough'

Checks on how taxpayers' cash is spent on the Government's flagship free schools are not good enough, a Commons watchdog has warned. In a damning report, the Public Accounts Committee (PAC) said the system relied too heavily on whistleblowers to expose...

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BA Owner IAG Stems First Quarter Loss

The owner of British Airways and Iberia said it has reduced first quarter losses through improved performance and cost-cutting. International Airlines Group (IAG) said losses before exceptional items stood at €150m (£123m) in the three months to the...

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When Did The Great Recession Really End?

The Great Recession is over. In fact, it probably came to an end last year - possibly even before that. Now, I'll admit that the above isn't yet borne out by the official, or even unofficial, numbers. According to the Office for National Statistics...

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PM Defends Powers To Seize Unpaid Tax

Failing to collect unpaid tax would mean rates having to be hiked, David Cameron has told Sky News as he backed plans for cash to be seized directly from bank accounts. The Prime Minister said non-payment of tax was "unacceptable", and insisted the...

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Amazon Paid £10m Tax On £4.3bn UK Sales

Online retailer Amazon paid a UK corporation tax bill of £10m last year, despite sales in Britain reaching £4.3bn, it has been revealed. Amazon.co.uk saw a 56% rise in profit to £17m during 2013, along with a 13% rise in UK revenue. The company reports...

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Apple 'To Buy Dr Dre's Beats Firm For $3.2bn'

Apple is set to buy headphone maker Beats Electronics for $3.2bn (£1.9bn), it has been reported. The Financial Times says the deal could be announced as early as next week, marking Apple's largest ever acquisition. Founded by rapper and music producer...

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Crunch Time For Fox's As Burton's Eyes Merger

By Mark Kleinman, City Editor Some of Britain's best-known food brands could be heading for common ownership as part of a merger of Burton's and Fox's, two of the country's biggest biscuit producers. Sky News has learnt that Burton's Biscuits has...

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'Zombie Bank Accounts Cost Savers £4bn A Year'

Savers are losing more than £4bn pounds a year by having their money in poor-paying accounts, according to consumer group Which? The group found more than a third of accounts closed to new customers, dubbed 'zombie accounts', paid 0.5% interest or less....

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