Sofa Giant DFS Gets Comfortable With £1bn IPO

By Mark Kleinman, City Editor The furniture retailer DFS has drafted in bankers to prepare for a £1bn stock market listing later this year, Sky News has learnt. Advent International, the private equity firm which owns DFS, has appointed UBS to...

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Lloyds Sets Target For Women Executives

By Mark Kleinman, City Editor Lloyds Banking Group is to break new ground in the debate about gender diversity in British business by pledging that 40% of its top 5,000 jobs will be occupied by women within six years. Sky News can reveal this weekend...

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Product Growth Helps BSkyB Beat Forecasts

Strong growth in on-demand and home communication products helped BSkyB beat City forecasts despite growing competition for pay-television viewers, the company said. Reporting results for the six months to the end of December, BSkyB said that adjusted...

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US Growth Hits 3.2% In Last Quarter Of 2013

America's economy grew at a annual rate of 3.2% in the last three months of 2013, according to official figures. The healthy growth was recorded despite the October government shutdown, the Commerce Department said. Gross domestic product (GDP) was...

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Sainsbury's Shares Drop As Justin King Quits

What Has Justin King Done As CEO? Updated: 11:17am UK, Wednesday 29 January 2014 The outgoing chief executive of Sainsbury's, Justin King, has been credited with turning the retailer around during the last 10 years, with an impressive list of achievements...

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Google Sells Motorola To Lenovo For $2.9bn

Google has announced it is selling its Motorola Mobility smartphone business to Lenovo in a $2.9bn (£1.75bn) deal. The technology firm bought the company less than two years ago for $12.5bn (£7.54bn) as a way of boosting its Android operating system....

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Lloyds Cuts 1,390 Jobs Amid Strategic Review

Lloyds Banking Group is cutting 1,080 jobs and outsourcing another 310 roles, the company has confirmed. It said the losses are part of the strategic review, previously announced in 2011. The cuts affect the retail, risk, operations and commercial...

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Economy Grows At Fastest Rate Since Crash

The British gross domestic product (GDP) figure for the fourth quarter of 2013 stood at 0.7%, with growth for the full year reaching 1.9%. Output for 2013 reached its fastest annual rate of growth for six years, according to the Office for National...

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'Red Knight' Shorts Manchester United Shares

By Mark Kleinman, City Editor A hedge fund headed by one of the financiers who failed to buy Manchester United four years ago is betting against the club's New York-listed shares. Sky News can exclusively reveal that Marshall Wace, one of the world's...

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GDP Figures Expected To Show Strong UK Growth

Official figures are expected to show the best pace of growth since before the global financial crisis - indicating that Britain's economic fightback is continuing. Economists predict that data from the Office for National Statistics will show a fourth...

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Virgin Money Spears New Director Before Float

By Mark Kleinman, City Editor Sir Richard Branson's banking arm is appointing a former Deutsche Bank executive as part of a move to strengthen its board ahead of a medium-term stock market listing. Sky News understands that Virgin Money will this...

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Lloyds And TSB Hit By Card And ATM Problems

Lloyds Banking Group has apologised after customers were unable to withdraw money from cashpoints or pay for goods with their debit cards. The group - made up of Lloyds, Halifax, Bank of Scotland and TSB - has 30 million UK account holders, and...

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Nestlé Chair Warns Over UK Exit From Europe

By Mark Kleinman, City Editor, in Davos The consumer goods giant Nestle would be forced to re-evaluate the extent of its presence in the UK if Britain decided to leave the European Union, its chairman has told Sky News. In an interview during the...

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AT&T Courts Europe Over £60bn Vodafone Bid

By Mark Kleinman, City Editor, in Davos US telecoms giant AT&T is courting European regulators as it accelerates work on a possible £60bn takeover bid for Vodafone. Sky News has learnt that Randall Stephenson, AT&T's chairman and chief...

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