Cable Hits Back At Royal Mail Sale Critics

By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has rebutted claims that he cost taxpayers hundreds of millions of pounds by undervaluing shares in Royal Mail, arguing that the price of the privatisation should be assessed only...

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Energy Bills: Small Firms Challenge 'Big Six'

No10 In 'Wear A Jumper' Row Updated: 1:36am UK, Saturday 19 October 2013 Downing Street has been forced to backtrack after suggesting people struggling to pay their heating bills should put on a jumper. Officials had to issue a clarification after...

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Osborne Signs Nuclear Power Deal With China

By Mark Stone, China Correspondent, Taishan, Southern China Britain's next generation of nuclear power is almost certain to be funded in part by the Chinese following an agreement between governments and operators in the UK and China. The announcement...

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Energy Bills: British Gas Ups Prices By 9.2%

British Gas has become the second major supplier of household energy to announce a rise in its prices - by an average 9.2%. The company said its electricity and gas prices will rise by 10.4% and 8.4% respectively from November 23 - affecting 7.8 million...

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Royal Mail Staff To Strike In November

The first national postal strike in almost four years will be held on November 4, union bosses have confirmed. A 24-hour stoppage is being planned by the Communication Workers Union (CWU) amid a bitter row with Royal Mail over pay and pensions which...

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Shutdown: Congress Passes Bill To Stop Default

America looks set to avoid a financial catastrophe after Congress voted to pass a bipartisan deal to end the fiscal impasse. A last-minute agreement to avert a threatened US default and reopen the Government was reached on Wednesday. After the details...

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Royal Mail CEO Paves Way For Stamp Price Rise

By Mark Kleinman, City Editor The boss of Royal Mail appeared to pave the way for increases to the price of first-class stamps on Tuesday as the newly-privatised company's soaring shares valued it at nearly £5bn. In an interview with Sky News to...

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Royal Mail: Free Shares Worth £489m For Staff

Around 100 million free shares have been allocated for eligible employees of Royal Mail, giving a total initial market value of £489m. Each eligible full-time employee in Royal Mail is entitled to 725 free shares with an initial market value of £3,545.25...

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Grangemouth Refinery To Stop Fuel Production

All fuel production is to be halted at the Grangemouth refinery ahead of a planned strike by staff this weekend that experts warn could cripple fuel supplies in Scotland. The decision was announced as the owners of the site started peace talks in a...

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MPs To Probe 'Underpriced' Royal Mail Sale

By Mark Kleinman, City Editor A panel of MPs is poised to extend a probe into the privatisation of Royal Mail by summoning the City bankers who advised ministers on the sell-off to give evidence. Sky News has learnt that some members of the Business,...

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Buyout Firms Eye Debut On West End Stage

By Mark Kleinman, City Editor Some of the world's biggest private equity firms are mulling takeover bids for the company behind the landmark London theatres that are home to productions including The Lion King and Dirty Dancing. Sky News has learnt...

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UK To Relax Visa Rules For Chinese Nationals

Visa rules for Chinese nationals coming to Britain will be relaxed by the Government in a drive to boost visitor numbers, Chancellor George Osborne has announced. Mr Osborne, who is leading a UK trade delegation to China, said the changes will "streamline...

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London Battles For Slice Of £5bn ISS Float

By Mark Kleinman, City Editor London is facing a battle to secure a slice of one of the biggest stock market listings anticipated next year as its owners step up preparations for a £5bn flotation. Sky News understands that the private equity groups...

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Boris And Osborne Make Chinese Trade Visits

By Mark Stone, China Correspondent in Beijing The Chancellor and the Mayor of London will arrive in Beijing later on separate trade visits to China. Both George Osborne and Boris Johnson will spend a week in the country, promoting British business...

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