EDF To Raise Gas And Electricity Prices

Energy giant EDF is to increase prices for householders by an average of 10.8%. The rise, gas and electricity, around four times the rate of inflation, is set to be implemented on December 7. EDF, which has 3.1 million customers and 5.5 million accounts...

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Tearful 'Rogue Trader' Tells Of UBS Losses

A trader accused of Britain's biggest fraud was allegedly trying to cover millions of pounds worth of losses incurred during the financial crisis for the bank he called his "family", a court has heard. Kweku Adoboli, 32, is accused of gambling away...

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Ford Confirms 1,400 Job Losses In The UK

Ford confirms it will make 1,400 employees redundant in the UK following the closure of two British factories. The US company's Southampton plant in Swaythling, which has made Transit vans since 1972, will close next summer with a loss of more than...

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Apple And Amazon Earnings Disappoint

US technology and retail giants Apple and Amazon have posted quarterly earnings that were below Wall Street expectations. Apple missed analysts' forecasts for the second straight quarter after sales of iPads disappointed. This was blamed on the weak...

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Petrol Prices Cut By Up To 2p By Supermarkets

Supermarkets across the UK have lowered their petrol prices following a fall in the wholesale cost of fuel. Asda was the first to announce it would cut up to 2p off a litre of petrol, saying customers would pay no more than 133.7p. Rivals Sainsbury's...

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GDP Boosted By Olympics But Outlook Gloomy

How GDP Is Compiled Really Matters Updated: 11:12pm UK, Wednesday 24 October 2012 By Ed Conway, Economics Editor I've covered economics for a decade or so, but I confess that until very recently I didn't really know what GDP really is. I mean,...

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Facebook Revenue Grows By A Third To £790m

Facebook's revenue has grown by almost a third over the last three months to £790m ($1.26bn), according to its latest results. The 32% increase during its third-quarter came as the company reignited advertising growth with the help of larger-than-expected...

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Equal Pay Ruling Could Benefit Thousands

By Adele Robinson, Sky Reporter The Supreme Court is due to make a decision on unequal pay claims that could pave the way for thousands more women across the country to get compensation. Birmingham City Council has appealed against a ruling by...

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Insurance Report: AA Says It's Good And Bad News

Car insurance costs are going down but home insurance premiums are rising, it has been revealed. Taking an average of the cheapest five premiums, the average fully-comprehensive car insurance policy fell 2.9% to £844 in the period July-September 2012...

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Gardeners Blamed For Spreading Potato Blight

By Emma Birchley, East of England Correspondent Allotment holders who fail to deal with blight-ridden potato plants have been blamed for spreading the fungal infection to farmers' fields. If it is not detected, blight can destroy crops and the...

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Anglo American To Discuss Future Of Boss

By Mark Kleinman, City editor The board of Anglo American, the FTSE 100 mining group, will this week discuss demands to replace its chief executive amid growing shareholder concern over her leadership. I have learned that Anglo American directors...

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BP Hones Tie-Up With Russia's Rosneft

By Mark Kleinman, City Editor BP is in talks to secure an indemnity against legal claims from a group of Russian oligarchs as part of a £16bn deal that would cement a partnership between two of the world's biggest oil companies. BP and Rosneft,...

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Gardeners Blamed For Spreading Potato Blight

By Emma Birchley, East of England Correspondent Allotment holders who fail to deal with blight-ridden potato plants have been blamed for spreading the fungal infection to farmers' fields. If it is not detected, blight can destroy crops and the...

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