TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. In early afternoon trades...

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Cashless High Street Ditches Notes And Coins

By Becky Johnson, North of England Correspondent Shoppers will find their cash is worthless in one Manchester suburb as only cards will be accepted by stores on the high street. As part of a social experiment, shops along fashionable Beech Road...

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Home Loan 'Slowdown' As New Rules Take Effect

There has been a "slowdown" in new home loan advances because of increased lender scrutiny, according to the Council of Mortgage Lenders (CML). It said gross mortgage lending held steady in May at an estimated £16.5bn - identical to April's lending...

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Npower Risks Telesales Ban Over Billing Woes

By Poppy Trowbridge, Consumer Affairs Correspondent The energy regulator has given 'big six' supplier nPower until August to remedy "major billing issues" amid a threat of massive penalties over customer service failings. Ofgem said nPower will...

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GM Ignition Fault 'May Have Killed 100 People'

Up to 100 deaths could be linked to a faulty ignition switch in GM cars that the firm failed to rectify for more than a decade, says a US lawmaker. Representative Diana DeGette, a Colorado Democrat, mooted the figure as she grilled GM chief executive...

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Miliband Plans Benefit Cuts for Young Jobless

Unemployed youngsters should have their benefits withdrawn if they refuse to undergo training in vital skills, Ed Miliband will announce. The Labour leader is set to call for 18 to 21 year olds to be given a "youth allowance" instead of out-of-work...

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Morrisons Plans 2,600 Job Cuts In Shake-Up

Morrisons has confirmed plans for 2,600 job cuts as the loss-making supermarket chain battles falling sales and market share. A statement detailing the changes said the losses, representing 2% of its workforce, would result from cutting tiers of in-store...

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'Supermarket Price War' Helps Inflation Ease

The first annual fall in food prices since 2006 has helped the rate of inflation tumble to a four-and-a-half year low of 1.5%. The Office for National Statistics (ONS), which also published figures highlighting further gains for UK house prices, said...

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Maiden Chinese 'Green Bond' To List In London

By Mark Kleinman, City Editor An arm of the World Bank is to list the first 'green bond' denominated in China's currency in London in a move that will be hailed by ministers as a boost for the City's global status. Sky News has learnt that the...

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Chinese Visit To Bring In Deals Worth £17bn

By Mark Stone, China Correspondent, in Beijing A raft of commercial deals between the UK and China totalling more than £17bn will be agreed later in the first visit to Britain by a Chinese leader for over three years. China's Premier Li Keqiang...

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Carney Boosts Lloyds Plan For £1.3bn TSB Float

By Mark Kleinman, City Editor The state-backed Lloyds Banking Group is this weekend considering increasing the price at which it sells shares in TSB, its high street subsidiary, amid strong demand from investors. Sky News has learnt that Lloyds...

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Centrica Chief Laidlaw Rules Out BG Switch

By Mark Kleinman, City Editor Sam Laidlaw, the boss of Centrica, has ruled himself out of the running to take the top job at BG Group, the troubled FTSE 100 energy group. Sky News has learnt that Mr Laidlaw, whose departure from the owner of British...

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Carney Boosts Lloyds Plan For £1.3bn TSB Float

By Mark Kleinman, City Editor The state-backed Lloyds Banking Group is this weekend considering increasing the price at which it sells shares in TSB, its high street subsidiary, amid strong demand from investors. Sky News has learnt that Lloyds...

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Retailers Set Goals On World Cup Success

By Emma Birchley, Sky News Correspondent England fans are not the only ones hoping the players can find the back of the net as their World Cup campaign finally gets under way. Retailers too are banking on success. The Centre for Retail Research...

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