US Sees Weak New Job Gains In December

The US economy added 74,000 new jobs in December, a level far below analysts' expections. The figure takes unemployment to a five-year low, but industry experts had expected the US economy to add 197,000 new jobs last month. The job creation figure,...

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Wall Street Giants To Aid £1bn Travelex Sale

By Mark Kleinman, City Editor The foreign currency provider Travelex has enlisted a pair of Wall Street titans to aid a plan that will involve a £1bn sale or flotation during 2014. Sky News understands that Travelex has drafted in Goldman Sachs...

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Rolls-Royce Considers Producing Its First 4x4

Luxury car maker Rolls-Royce is considering producing its first four-wheel drive vehicle as it reports its fourth year in a row of record sales. Chief executive Torsten Mueller-Oetvoes told Sky's Jeff Randall Live programme that if they decide to go...

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Record Online Xmas Sales Boost Festive Figures

Increasing use of tablets and smartphones and speedy delivery times are the major factors behing a sharp rise in online shopping before Christmas. Web sales growth accelerated to 19.2% compared with the same month in 2012 - the fastest rate for more...

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Energy Consumers 'Worse Off' After Bill Cuts

A consumer group claims households will remain worse off after the last of the major energy firms confirmed reductions to bills after the Government's green levy shake-up. npower said dual fuel households would receive a £38 discount, expected...

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'Project Cook' Signals Huge RBS Cost Cuts

By Mark Kleinman, City Editor The new head of Royal Bank of Scotland (RBS) is preparing to take another axe to the lender's cost-base in a move which could herald thousands more job cuts. Sky News has learnt that Ross McEwan is working on the plans,...

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Co-Op: Regulator Stands By Flowers Decision

A senior City regulator has told MPs he stands by his decision to approve the appointment of disgraced former Co-op Bank chairman Paul Flowers, arguing it was "correct at the time". Clive Adamson, director of supervision at the Financial Conduct Authority...

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Treasury Takes Step Towards £19bn Lloyds Sale

By Mark Kleinman, City Editor The agency which manages taxpayers' £19bn stake in Lloyds Banking Group has asked Britain's biggest high street lender to work on plans for a share sale to the general public. Sky News has learnt that UK Financial...

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Bank Regulators Kick Off Formal Co-Op Probes

By Mark Kleinman, City Editor Banking watchdogs are poised to kick off formal probes into last year's crisis at the Co-operative Bank in a move which could lead to significant fines or bans for former directors of the lender. Sky News understands...

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Janet Yellen: Federal Reserve Boss Is Revealed

Federal Reserve vice chair Janet Yellen will be the new head of the world's most powerful central bank - the first woman to hold the position. The 67-year-old was Barack Obama's choice and she earned cross-party support in the bitterly divided chamber....

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House Prices 'Jumped 1.4% In December'

House prices in the UK rose by the biggest amount in more than four years in December, according to mortgage lender Nationwide. It measured a 1.4% increase in the month - its best performance since August 2009 - leaving annual growth in the year to...

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Osborne: More Cuts Are Needed In 2014

George Osborne will paint 2014 as "the year of hard truths" by warning voters that only more austerity measures can pay for tax cuts and better job prospects. In a speech setting out his priorities for the next 12 months, the Chancellor is to warn that...

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House Prices 'Jumped 1.4% In December'

House prices in the UK rose by the biggest amount in more than four years in December, according to mortgage lender Nationwide. It measured a 1.4% increase in the month - its best performance since August 2009 - leaving annual growth in the year to...

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Cameron's Pledge To Guarantee State Pensions

Voters 'Won't Back Tories' In 2015 Updated: 1:13am UK, Sunday 05 January 2014 More than a third of people who voted Conservative in the last general election say they would not vote for the party in the next election, according to a poll carried out...

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