Wet February Wipes £270m From Building Sector

Woolly weather in February caused a sharp decline in UK construction, wiping more than a quarter of a billion pounds from the sector. The Office for National Statistics (ONS) said output fell to £5.8bn, down 2.8% from January. Output is defined as...

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Co-op Bank In Record £1.3bn Annual Loss

The struggling Co-operative Bank has reported a pre-tax annual loss of £1.3bn and said it would not return to profit for at least two years. The bank also confirmed it would not make £4.97m deferred annual bonuses to its former bosses. Chief executive...

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House Prices To Soar Amid Property Shortage

Housing sales have reached their highest level for six year, fuelling fears that many buyers will be priced out of the market. Surveyors sold an average of 23 homes during the three months to March - the highest number since February 2008, according...

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Push To Boost Number Of Women In Boardrooms

By Anushka Asthana, Sky Political Correspondent Ministers have started a process they hope will pave the way for all-women short lists in business for the first time. Sky News has seen a letter sent to the Government's equality body asking it to...

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IMF Warns Investors Over 'Rock-Bottom Rates'

By Ed Conway, Economics Editor, in Washington DC Investors are becoming dangerously reliant on rock-bottom interest rates, with many becoming so indebted they will face serious problems when borrowing costs rise, the International Monetary Fund...

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Half A Billion Pounds 'Wasted' On Anti-Flu Drugs

Half a billion pounds has been wasted stockpiling two ineffective anti-flu drugs, according to researchers. A study claims there is "no good evidence" Tamiflu and Relenza stop the spread of the infection or prevent the complications of influenza. Researchers,...

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Asda Plans 12,000 New Jobs Over Five Years

By George! Why Asda Jobs Fit UK Recovery Updated: 3:34pm UK, Monday 07 April 2014 By Poppy Trowbridge, Consumer Affairs Correspondent It is not every day a company, albeit a major employer, confirms plans to create 12,000 jobs in the UK. That's...

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Top Locations Named But How Does London Fare?

Paris, New York and Prague are among the glamour capitals pipped to the post by London as a favourite traveller destination. The UK capital is placed third in the global rankings compiled by TripAdvisor from millions of reviews, with only Istanbul and...

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Benefit At Risk Unless Jobseekers Make Effort

By Siobhan Robbins, News Correspondent Jobseekers will soon have to prove they are taking steps to make themselves more employable or face losing some of their benefits. From April 28, those looking for work will be expected to have written a CV,...

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Energy Complaints Soar By Staggering 224%

Complaints about energy companies have trebled in the first quarter of this year, according to the energy sector's ombudsman who is calling for "increased transparency". The record figures showing a 224% rise in the first three months of this year come...

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House Of Fraser Bought By Chinese Tycoon

A Chinese tycoon has bought British high street chain the House of Fraser, according to sources. Reuters said a 89% stake was bought by Sanpower, a Nanjing-based conglomerate controlled by Yafei Yuan. Sources have told Sky News an announcement is expected...

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Food Waste 'Is Morally Repugnant', Say Lords

The scale of food waste, which sees 15 million tonnes of food dumped each year in the UK and at least 90 million tonnes across the EU, has been branded "morally repugnant" by a House of Lords committee. The Lords EU Committee said supermarkets should...

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