UK Motor Industry Gets £1bn Hi-Tech Boost

Britain's motor industry is to receive more than £1bn in new funding over the next decade to improve its global competitiveness. The joint UK motor industry and Government automotive strategy has agreed to the deal to help secure the growth and development...

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Twitter Takes On Tax Expert To Avoid Woes

By Pete Norman, Sky News Online Twitter is bolstering its international operations ahead of an expected flotation by employing its first full-time tax manager, to ensure complex company structures comply with laws across Europe. Based in its international...

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GlaxoSmithKline Denies China Drug Bribes

Britain's biggest drug maker has told Sky News it rejects claims by Chinese authorities that it offered bribes to doctors and hospitals. GlaxoSmithKline (GSK) had been accused by China's Public Security Bureau (PSB) of offering free travel as "large...

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Phoenix In Talks Over £3bn Swiss Re Merger

By Mark Kleinman, City Editor Phoenix Group, the life assurer backed by one of the entrepreneurs behind the Pizza Express chain, is in talks about a £3bn merger that would transform it into an industry powerhouse. Sky News can exclusively reveal...

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Apple Guilty Of E-Book Price Rise Conspiracy

Apple has been found guilty of conspiring with five publishers to raise electronic book prices. "Overwhelming" evidence showed the company acted knowingly and unlawfully in breaking anti-trust laws, said US judge Denise Cote. The civil case related...

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Royal Mail Sale: Cable Outlines Flotation

Royal Mail staff will get free shares under the Government's plans for the privatisation of the service, despite strong opposition to the sell-off among the workforce. The Business Secretary confirmed in a statement to MPs the intention to float a majority...

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City Watchdog Boss Got £86,000 Bonus In 2012

By Mark Kleinman, City Editor Martin Wheatley, the boss of the new City conduct regulator, received a near six-figure bonus last year despite criticism of its handling of a string of mis-selling scandals. Sky News can reveal that Mr Wheatley, chief...

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Royal Mail Privatisation Plans To Be Unveiled

By Poppy Trowbridge, Business and Economics Correspondent The Business Secretary will announce plans for one of the biggest UK privatisations in decades when he makes a statement on the future of the Royal Mail later. Vince Cable will tell the...

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Fallon To Unveil £2.5bn Royal Mail Flotation

By Mark Kleinman, City Editor The Government will this week fire the formal starting-gun on the most ambitious privatisation in decades by unveiling plans for a £2.5bn autumn stock market listing of Royal Mail. Sky News can exclusively reveal that...

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Bad Bankers Face Criminal Charges And Jail

Reckless bankers could face criminal charges and jail after the Chancellor pledged to implement most of the recommendations produced by the Parliamentary Commission on Banking Standards. George Osborne is also backing calls for tighter control of bonuses...

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Ex-Trade Minister Plots £10bn Raid On Lloyds

Lord Davies, the former trade minister, is masterminding a £10bn raid on Lloyds Banking Group that would allow the Government to offload a big chunk of its shareholding in Britain's biggest high street lender. Sky News can exclusively reveal that Lord...

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Billionaire Backs UK Music Dotcom Shazam

By Mark Kleinman, City Editor Carlos Slim, the Mexican telecoms magnate who has become the world's richest man, is investing tens of millions of pounds in Shazam, the British digital music company. Sky News can reveal that Mr Slim, whose net worth...

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Slump In Pound Signals Gloom For Holidaymakers

The pound has fallen heavily against the dollar for the second time this week after key US jobs figures showed better than expected evidence of an economic recovery. While stock markets rallied, seemingly shrugging off recent fears about US stimulus...

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Ex-Trade Minister Plots £10bn Raid On Lloyds

Lord Davies, the former trade minister, is masterminding a £10bn raid on Lloyds Banking Group that would allow the Government to offload a big chunk of its shareholding in Britain's biggest high street lender. Sky News can exclusively reveal that Lord...

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