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Archive for the ‘Business’ Category

Housing group ‘near administration’

Connaught, the property services group that specialises in social housing, is on the brink of going into administration, the BBC learns.

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Scam fear over electricity credit

Criminals have managed to clone prepayment meter keys in order to make money by offering discounted credit to customers.

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Greek PM reshuffles his cabinet

Greek PM George Papandreou reshuffles his cabinet but leaves the key post of finance minister unchanged as his government battles a debt crisis.

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School clothes boost retail sales

Retail sales rose in August, partly thanks to strong sales of children’s clothing ahead of the new school year, figures suggest.

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BA boss reveals takeover ambition

British Airways and Iberia draw up a shortlist of 12 airlines which the firms hope to buy or merge with.

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UK car sales suffer sharp decline

New car sales fell 17.5% in August – the second consecutive month of declines, says the Society of Motor Manufacturers and Traders.

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Demand for Equitable Life payout

Pensioners hit by the Equitable Life scandal are making a final attempt to persuade the government to pay them full compensation.

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Overseas demand ‘boosts UK firms’

Rising overseas demand has created buoyant conditions for manufacturers in the UK, an industry report suggests, though threats remain.

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Need to cut deficit ’supported’

Many people are in favour of reducing the deficit but they are less clear about where cuts should be made, a BBC poll suggests.

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BP well ‘poses no further risk’

The official in charge of cleaning up the Gulf of Mexico oil spill says the well which caused the damage is no longer a risk to the environment.

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