Regional Home Price Disparity Widens In April

Help To Buy: 80% Go To First Time Buyers Updated: 3:26pm UK, Thursday 29 May 2014 Some 80% of the Help To Buy loans granted in the mortgage scheme's first six months were given to first time buyers, the Treasury has said. A total of 7,313 loans were...

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Retailers' Credit Union To Defy Payday Lenders

By Mark Kleinman, City Editor Some of Britain's biggest high street names, including New Look and Next, are forming a credit union that will offer staff an alternative to the sky-high interest rates charged by payday lenders. Sky News has learnt...

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Drugs And Prostitution Worth £10bn Annually

Illegal drugs and prostitution contribute more to the UK economy than housebuilding, according to newly-released official data. The Office for National Statistics (ONS) said the two "illegal activities" had a combined impact of £10bn on gross domestic...

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Insurers Expose £1.3bn In Fraudulent Claims

A record £1.3bn worth of fraudulent insurance claims were uncovered last year as the industry continues to crack down on cheats. The Association of British Insurers (ABI) said some £3.5m worth of dishonest claims are uncovered every day. The figures...

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British Gas Chiefs Poised To Quit In Shake-Up

By Mark Kleinman, City Editor The bosses of British Gas and its parent company are close to stepping down as part of a management shake-up at Britain's biggest energy supplier. Sky News can reveal that Chris Weston, who runs Centrica's international...

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Lloyds Steps Towards Female Executive Target

By Mark Kleinman, City Editor The state-backed Lloyds Banking Group has taken a step towards meeting a self-imposed gender target for senior managers with the appointment of another top female executive. Sky News understands that Lloyds issued...

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Lloyds Banking Group Confirms Float Of TSB

Lloyds Banking Group has confirmed a decision to sell around 25% of retail lender TSB, enticing investors with the offer of free shares. The flotation is expected next month on the London Stock Exchange, following publication of a prospectus mid-month....

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Nationwide Big Winner From Seven-Day Switch

By Mark Kleinman, City Editor Britain's biggest building society will emerge on Wednesday as one of the principal winners from a new system designed to encourage customer mobility when it discloses that it opened more than 420,000 current accounts...

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Pfizer Walks Away From £69bn AstraZeneca Deal

US firm Pfizer has confirmed it will not make another offer for British pharmaceuticals group AstraZeneca as a deadline expired for it to lodge a formal bid. Last weekend, Pfizer offered £55-a-share for AstraZeneca, valuing it at £69bn, which was rejected...

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Taxman Investigations Rake In Record £24bn

A record £23.9bn has been collected through investigations by taxmen over the last year, official figures have revealed. The total was an increase of £3.2bn on the previous 12-month period and £9bn on three years ago. HM Revenue and Customs said it...

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InterContinental Rebuffs Secret £6bn US Bid

By Mark Kleinman, City Editor The FTSE-100 hospitality provider InterContinental Hotels Group (IHG) has rejected a secret takeover bid from the US which valued the company at about £6bn. Sky News has learnt that IHG's board met a few weeks ago...

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AstraZeneca 'Must Link Pay To New Targets'

By Mark Kleinman, City Editor AstraZeneca should link future executive pay to the price that its board signalled it would be willing to sell the company for, a leading shareholder has told it in a move which intensifies the pressure on it to justify...

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Blackstone In Joint Bid For Friends' Tax Arm

By Mark Kleinman, City Editor The private equity giant Blackstone has joined forces with a US-based specialist insurer to table a bid for the tax planning arm of Friends Life, the FTSE-100 financial services group. Sky News understands that Blackstone...

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InterContinental Rebuffs Secret £6bn US Bid

By Mark Kleinman, City Editor The FTSE-100 hospitality provider InterContinental Hotels Group (IHG) has rejected a secret takeover bid from the US which valued the company at about £6bn. Sky News has learnt that IHG's board met a few weeks ago...

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