Fortnum Boss Warns of Scots Vote 'Disaster'

By Mark Kleinman, City Editor, in Dubai The chief executive of Fortnum & Mason, the upmarket London-based grocer has warned that a 'yes' vote in the Scottish independence referendum would be a "disaster" for the country. Speaking exclusively...

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Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. :: Monday March 24 On Monday, the Chancellor's budget "perk" to reduce beer duty by a penny comes into effect.  :: Tuesday March 25 Energy provider, SSE will...

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Hitachi In UK Move To Shunt HS2 Rail Rivals

Japanese engineering giant Hitachi is to move its rail division's decision-making hub to Britain, in an attempt to shunt its European rivals. The shift is also seen as an attempt to lay a track for plans to bid for the High Speed Two (HS2) contracts....

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Russia Hits Back As Obama Targets Oligarchs

US President Barack Obama has announced a series of fresh sanctions against Russia over its actions in Ukraine - prompting an immediate retaliation from Moscow. In a speech on the White House lawn, Mr Obama said 20 individuals linked to the Russian...

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Pension Firms 'Lose Billions' After Speech

Mixed Reaction To Budget Measures Updated: 3:22pm UK, Wednesday 19 March 2014 Reaction to the Budget has been split, with industry praising measures to cut energy costs and unions criticising an "obsession" with austerity. Paul Kenny, general secretary...

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Budget 2014: The Key Points You Need To Know

The Chancellor George Osborne has delivered his fifth budget. Here are the key points. Savings :: Tax-free ISAs to be boosted to £15,000 per year from July. Junior ISAs up to £4,000 a year. :: Stocks and shares ISAs can be tranferred to new single...

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Budget 2014: New £1 Coin Is Blast From The Past

By Jon Craig, Chief Political Correspondent George Osborne will use his Budget to announce a major change for the nation's pockets, with a new pound coin to be introduced in 2017. The new coin, aimed at stamping out forgeries and counterfeits,...

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Treasury Sources Tight-Lipped On Budget

Budget 2014: New £1 Coin Is Blast From The Past Updated: 4:15am UK, Wednesday 19 March 2014 By Jon Craig, Chief Political Correspondent George Osborne will use his Budget to announce a major change for the nation's pockets, with a new pound coin...

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Tax-Free Childcare 'To Help 2 Million Families'

A childcare tax break is to be expanded, with working parents set to receive more money for longer than previously planned. The scheme will be worth up to £2,000 per child per year when it launches in autumn next year - £800 more than the £1,200 originally...

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Bank of England Recruits Habgood As New Chair

By Mark Kleinman, City Editor The Treasury will name Anthony Habgood as the new chairman of the Bank of England's supervisory body on Tuesday, furthering a shake-up of its leadership since the arrival of Mark Carney as its Governor. Sky News has...

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Alibaba: Chinese Web Giant's Massive US IPO

A Chinese e-commerce business is bidding to list itself on one of the US stock exchanges in what could be the biggest IPO of 2014. Alibaba Group is a privately-owned firm which incorporates a search engine, business-to-business web portals, online...

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HS2 Chairman Urges MPs To Speed Up Plans

The chairman of HS2 has called on politicians to accelerate the construction of the high-speed line to reduce the £50bn cost of the project. In a new report, Sir David Higgins has proposed a fast-tracked building timetable for the northern, phase two,...

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Morrisons Suffers Staff Payroll Data Theft

Data from supermarket chain Morrisons' staff payroll system, including bank account details, has been stolen and published on the internet, the company has confirmed. In an email sent to staff and seen by Sky News, the company called it an "illegal...

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RBS Delays AGM Over Dividend Share Talks

By Mark Kleinman, City Editor Royal Bank of Scotland (RBS) is to delay its annual shareholder meeting by several weeks as it seeks to cancel a special Government-owned share that prevents it paying dividends. Sky News has learnt that RBS has decided...

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