Spain Slashes Economic Growth Forecasts

The Spanish government has forecast that the economy will contract by more than expected in 2013, but will return to growth next near. The country's deputy prime minister said its gross domestic product (GDP) would shrink by 1.3% in 2013 - down from...

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US Economy Misses Forecasts In Last Quarter

The US economy has expanded at a rate below that forecast by economists, the latest official figures have shown. Although economic growth regained speed in the first quarter, it was not as much as expected, heightening fears the already weakening economy...

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Govt Courts Buyout Firms Over Royal Mail Deal

By Mark Kleinman, City Editor The Government is courting some of the world's biggest private equity groups about a potentially controversial plan to acquire a major stake in Royal Mail. I have learnt that advisers to the Coalition have in recent...

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Boeing Profit Soars Despite Dreamliner Issue

Boeing 787 Dreamliner Timeline Updated: 12:07pm UK, Monday 22 April 2013 The turbulent history of the Boeing 787 Dreamliner: Apr 22, 2013: The batteries in five All Nippon Airways Dreamliners and two Japan Airlines jets are replaced Apr 19, 2013:...

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Investors Deliver New Barclays Pay Warning

By Mark Kleinman, City Editor Leading shareholders in Barclays have delivered a warning that its new management team must accelerate reform of the bank's lavish pay practices or risk a fresh public revolt on the issue. I have learnt that Aviva...

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Apple Profits Fall For First Time In 10 Years

Apple has reported its first fall in profits for nearly 10 years - a move that could further threaten its market value. Analysts expected a tumble of up to 18% in earnings when the company delivered its second quarter trading statement on Tuesday. ...

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Bosses Demand A Better Deal With The EU

Hundreds of British business leaders have called on the coalition to negotiate a better deal for Britain with the European Union. David Cameron has vowed to claw back powers and then offer voters a choice of staying in the EU in a referendum by the...

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Dreamliner: Boeing Installs New Batteries

Boeing 787 Dreamliner Timeline Updated: 12:07pm UK, Monday 22 April 2013 The turbulent history of the Boeing 787 Dreamliner: Apr 22, 2013: The batteries in five All Nippon Airways Dreamliners and two Japan Airlines jets are replaced Apr 19, 2013:...

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Ofgem Changes: Warning Over New Energy Tariffs

More than three million households could be paying more than they need to under new energy tariffs proposed by Ofgem, according to new research. The consumer group Which? estimates energy customers could face bills of an extra £55m in total.  Ofgem's...

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Pub Industry Gets New Code Of Conduct

By Gerard Tubb, Sky News Correspondent Plans to save more pubs from closing as a result of high rents will be published by the Government today. A new code of practice will be brought in to protect licensees in tied pubs that are owned by the six...

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Fitch Strips UK Of AAA Rating On Debt Outlook

Ratings agency Fitch has stripped the UK of its AAA rating, citing a "weaker economic and fiscal outlook". The agency placed the UK on an AA+ rating, following Moody's downgrade of UK debt in February. A Fitch statement said: "The downgrade of the...

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George Osborne Urged To Rethink Economic Plan

Lagarde's Support For Osborne Updated: 4:29pm UK, Saturday 20 April 2013 By Ed Conway, Economics Editor A few weeks ago, eagle-eyed Twitter users would have noticed a rather unusual tweet from one household name to another. "Welcome to Twitter...

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