Kurt Geiger To Try On Another New Owner

By Mark Kleinman, City Editor The upmarket shoe retailer Kurt Geiger is preparing to try on another new owner less than a year after its last buyout. Sky News understands that the company's management and their backers at Sycamore Partners, an American...

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'Google Tax' In Force To Tackle Avoidance

Multinational companies that shift their profits offshore to avoid tax now face being slapped with a levy. The diverted profits tax (DPT), which has now come into force, aims to crack down on the controversial practice which has sparked criticism...

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Tories Woo New Backers As Boots Boss Says No

By Mark Kleinman, City Editor The Conservatives have embarked on a fresh attempt to court backing from the business community hours after the publication of a letter warning against "a change in (economic) course" pursued by a Labour administration....

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Miliband: Epidemic Of Zero-Hours Contracts

By Jason Farrell, Senior Political Correspondent Workers on zero-hours contracts will be able to demand a regular contract after 12 weeks under proposals announced by Ed Miliband. The Labour leader promised to outlaw the "exploitative" contracts...

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Insurer Hastings Motors Towards £1bn Listing

By Mark Kleinman, City Editor The owners of Hastings, one of the UK's fastest-growing insurers, have appointed investment bankers to steer the company towards a £1bn post-lection flotation. Sky News understands that Hastings has appointed Goldman...

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M&S Reveals Like-For-Like Sales Up 0.7%

Marks & Spencer has revealed like-for-like sales of food and clothing are up 0.7%, the first rise in sales for 14 quarters. The retailer issued a trading statement for the 13 weeks to 28 March, which also revealed that total like-for-like UK were...

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Energy Firm Pays Heavy Price For Overcharging

Energy firm E.ON is to hand £7.75m to Citizens Advice for customers who were overcharged after price rises. The sum is on top of the £400,000 E.ON has already paid back money to others who may have been affected. Regulator Ofgem said the penalty...

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Temasek Snaps Up Stake In UK's Funding Circle

By Mark Kleinman, City Editor A fast-growing peer-to-peer lending platform is to sell a stake in itself to Temasek, the Singaporean sovereign wealth fund, as part of a fundraising that will catapult it into the ranks of Britain's most valuable technology...

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Pru Boss 'Irritated' By Labour Letter Row

By Mark Kleinman, City Editor A row over company bosses' political affiliations ahead of the General Election deepened on Thursday amid allegations that Labour was trying to undermine the leaders of some of the UK's biggest businesses. Friends of...

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Sluggish US Economy Adds Only 126,000 Jobs

By Sky News US Team A slow US economy added a lower-than-expected 126,000 jobs in March, though the unemployment rate held steady, as predicted, at 5.5%. Friday's jobs reports broke a run of 12 consecutive months in which the economy added more than...

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