Poundland To Spend £55m On 99p Stores Buyout

Poundland has agreed a £55m takeover of discount rival 99p Stores, subject to clearance by competition authorities. Poundland, which has previously expressed an ambition to double its UK and Ireland network of more than 500 stores, said the deal comprised...

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Jamie Oliver To Sell Another Kind Of Stake

By Mark Kleinman, City Editor He has grown accustomed to telling amateur cooks how to prepare steaks, but the celebrity chef Jamie Oliver now has a very different kind of stake in mind. Sky News can reveal that Mr Oliver, the self-styled Naked Chef,...

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BT To Buy Mobile Firm EE For £12.5bn

BT has agreed to buy mobile operator EE in a cash and shares deal worth £12.5bn, the company has revealed. The group announced in December it was in talks to buy Britain's largest mobile operator and the deal, which will be partly financed with a...

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ECB Pulls Plug On Greek Government Bonds

Greece's access to vital loans has been squeezed after the European Central Bank (ECB) stopped accepting the government's bonds as collateral. The ECB had been accepting the junk-rated bonds, but in a statement said it was changing its mind because...

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Greece's Tsipras 'Optimistic' After EU Talks

Greece's prime minister, Alexis Tsipras, has said he is "very optimistic" of finding agreement over easing his country's debt burden after meeting EU chiefs in Brussels. Mr Tsipras met European Commission President Jean-Claude Juncker as he attempts...

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SFO Head Warns Over Risk To Blue-Chip Probes

By Mark Kleinman, City Editor Proposals favoured by the Home Secretary to fold the Serious Fraud Office (SFO) into a wider crime-fighting agency could jeopardise high-profile inquiries into companies such as Barclays and Tesco, its head has warned....

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BBA To Osborne: City Traders 'Need Licence'

By Mark Kleinman, City Editor All traders in Britain's financial markets should be forced to seek professional qualifications before they can operate, the banking industry's main lobbying group is to tell George Osborne. Sky News has learnt that...

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New Co-Op Chairman To Donate Pay To Charity

By Mark Kleinman, City Editor The businessman being lined up as the Co-operative Group's first independent chairman is to donate his six-figure pay package to charitable causes linked to the mutual. Sky News has learnt that Allan Leighton is expected...

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SUBC: Miliband Attacks Boots Boss Over Tax

Labour leader Ed Miliband has hit out at Boots chairman Stefano Pessina, saying British voters should not be "told how to vote by someone who avoids paying his taxes". The attack comes after the Monaco-based Mr Pessina said Mr Miliband's plans for...

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Leighton In Talks To Become Co-op Chairman

By Mark Kleinman, City Editor Allan Leighton is in talks to become the first independent chairman of the Co-operative Group in a move that would herald a crucial stage in the mutual's efforts to reinvent itself after two years of crisis. Sky News...

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Merkel Rules Out Debt Writedown For Greece

German Chancellor Angela Merkel has ruled out a writedown of Greece's massive debt, as EU officials threatened a funding cut-off to Greek banks. Mrs Merkel and European Central Bank (ECB) policymakers have hardened their stance on the weekend over...

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Sovereign Funds Dial Up £3bn O2 Mobile Stake

By Mark Kleinman, City Editor A pack of the world's biggest sovereign wealth funds are pursuing a stake in the company that is poised to become the UK's largest mobile phone operator. Sky News has learnt that state-backed investors from China, Singapore...

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