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BBC News for Business (UK Edition)
The latest stories from the Business section of the BBC News web site.
BBC News - Business
Goldman Sachs fined £20m by FSA last updated on: Wed, 08 Sep 2010 20:24:23 GMT
Wall Street banking giant Goldman Sachs is fined £20m by the UK's financial watchdog, the BBC learns.
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Rig firms hit back at BP report last updated on: Wed, 08 Sep 2010 23:55:33 GMT
Contractors who worked for BP on the ill-fated Deepwater Horizon oil rig criticise the company's report into the Gulf of Mexico oil spill.
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Shoppers turning to card payments last updated on: Wed, 08 Sep 2010 23:01:01 GMT
The number of cash machines in the UK has fallen and withdrawals have dropped as shoppers turn to cards, figures show.
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Empty shops highlighting 'divide' last updated on: Thu, 09 Sep 2010 01:09:44 GMT
The number of shops closing in Britain is slowing but a north-south divide has emerged, a survey by retail analysts the Local Data Company suggests.
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US economic growth 'decelerating' last updated on: Wed, 08 Sep 2010 20:57:12 GMT
US economic growth showed "widespread signs of deceleration" in August, says the Federal Reserve's Beige Book.
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House giant enters administration last updated on: Wed, 08 Sep 2010 16:18:57 GMT
Property giant Connaught formally enters administration, putting thousands of jobs at risk.
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Writing off tax is 'unaffordable' last updated on: Wed, 08 Sep 2010 12:45:37 GMT
The country "cannot afford" to write off underpayments of income tax caused by problems with the calculation system, a minister says.
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Cable worries over 'casino' banks last updated on: Wed, 08 Sep 2010 08:51:19 GMT
Business Secretary Vince Cable expresses "worry" about the combination of High Street banks with investment banking, after Bob Diamond is named as Barclays' new boss.
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Dublin to break up Anglo Irish last updated on: Wed, 08 Sep 2010 14:56:17 GMT
The Irish government says it will break up the nationalised Anglo Irish Bank as part of the failed lender's resolution.
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Google unveils 'instant' searches last updated on: Wed, 08 Sep 2010 21:09:45 GMT
Google speeds up its internet search engine by launching a new product, Google Instant, that displays results as soon as users type in queries.
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UK factory output rises by 0.3% last updated on: Wed, 08 Sep 2010 09:45:22 GMT
UK manufacturing output rises 0.3% in July from the month earlier, thanks to increased output in the machinery sector.
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Canada in third bank rate rise last updated on: Wed, 08 Sep 2010 14:41:26 GMT
Canada now has interest rates of 1%, after raising its key lending benchmark for the third time this year.
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Greece economy contracts by 1.8% last updated on: Wed, 08 Sep 2010 19:03:56 GMT
The debt-laden Greek economy shrank by a surprise 1.8% in the second quarter as households slashed spending.
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Halifax says house prices stable last updated on: Wed, 08 Sep 2010 13:14:10 GMT
UK house prices have stabilised, according to the latest survey from the Halifax.
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Cable's plan to cut science funds last updated on: Wed, 08 Sep 2010 14:04:55 GMT
Business Secretary Vince Cable has unveiled plans for a squeeze on public funding for scientific research.
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Posties back Royal Mail bike cuts last updated on: Wed, 08 Sep 2010 14:59:32 GMT
Union leaders publicly endorse Royal Mail management plans to phase out bikes for postal deliveries.
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EU ruling opens up German gambling market last updated on: Wed, 08 Sep 2010 15:02:05 GMT
German gambling restrictions breach European Union law, the EU's highest court rules
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Lycatel to make adverts clearer last updated on: Wed, 08 Sep 2010 11:58:13 GMT
Phone card firm Lycatel agrees to make its charges much clearer in its adverts for international phone cards
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Workplace accidents 'unreported' last updated on: Tue, 07 Sep 2010 15:01:12 GMT
Union leaders claim some workplace accidents go unreported with 1.2 million people suffering from work-related illnesses.
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Tax error letters start to arrive last updated on: Tue, 07 Sep 2010 11:45:17 GMT
UK tax authorities are bracing themselves for a deluge of complaints and enquiries after sending out fresh tax calculations.
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Job market growth slows in August last updated on: Tue, 07 Sep 2010 23:57:57 GMT
Job appointments grew at their slowest rate in 10 months in August, raising questions about the strength of the UK job market, a survey suggests.
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Japan may intervene to curb yen last updated on: Wed, 08 Sep 2010 06:16:48 GMT
The Japanese finance minister says there could be market intervention as the yen hits a new 15-year high.
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Huge growth at largest wind farm last updated on: Tue, 07 Sep 2010 17:30:47 GMT
A massive expansion is to take place at Europe's largest onshore wind farm in East Renfrewshire.
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BP spreads blame over oil spill last updated on: Wed, 08 Sep 2010 22:48:33 GMT
A BP report says "a series of failures" by BP and its contractors were to blame for the massive Gulf of Mexico oil spill.
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Vodafone to pay India $2.6bn tax last updated on: Wed, 08 Sep 2010 10:59:42 GMT
An Indian court tells Vodafone it has to pay $2.6bn in tax for its takeover of Hutchison Telecom's Indian phone assets.
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Dana says Korean bid 18% too low last updated on: Wed, 08 Sep 2010 09:32:44 GMT
Dana Petroleum tells shareholders independent valuers found Korean oil's bid is too low and should be rejected.
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Nigeria arrests ex-football heads last updated on: Tue, 07 Sep 2010 11:38:38 GMT
Four Nigerian former football officials are arrested amid accusations that some $8m (£5m) went missing during the World Cup finals in South Africa.
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Twitter rant costs Rice sponsor last updated on: Tue, 07 Sep 2010 10:20:59 GMT
Triple Olympic gold medal-winning swimmer Stephanie Rice loses a sponsorship deal with Jaguar after making a homophobic remark on Twitter.
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Wednesday ward off administration last updated on: Tue, 07 Sep 2010 18:41:55 GMT
Sheffield Wednesday are saved from administration after reaching an agreement with their bank over an unpaid tax bill, BBC Radio Sheffield understands.
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Maurice Saatchi: No Mad Man last updated on: Wed, 08 Sep 2010 08:37:03 GMT
Maurice Saatchi: "We had a romantic belief that it was possible for individuals to change the world by an act of will - a flat refusal to accept the status quo."
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Cable concerned over stability of banks last updated on: Wed, 08 Sep 2010 08:38:03 GMT
The Business Secretary, Vince Cable, has expressed concern about the appointment of the investment banker, Bob Diamond, as the new chief executive of Barclays.
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Google revamps search system last updated on: Wed, 08 Sep 2010 22:55:08 GMT
The search giant launches a system with web links appearing as soon as characters are typed into the query box.
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Dublin to break up Anglo Irish last updated on: Wed, 08 Sep 2010 20:39:30 GMT
The Irish government has said it will break up the nationalised Anglo Irish Bank.
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Basketball targets emerging markets last updated on: Tue, 07 Sep 2010 21:43:39 GMT
The National Basketball Association wants to expand the game and are looking at emerging markets such as India and China to push their products.
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Obama backs company tax breaks last updated on: Wed, 08 Sep 2010 10:57:42 GMT
President Barack Obama is backing new company tax breaks in an attempt to regain the initiative as mid-term polls loom
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Connaught workers on the future last updated on: Tue, 07 Sep 2010 14:10:56 GMT
Pete Key and Marc Woodcock work for Connaught on a Hull City Council contract, carrying out conversions for tenants with disabilities.
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Cable: Setting the bar on science funding last updated on: Wed, 08 Sep 2010 07:13:22 GMT
Business Secretary Vince Cable says "the bar will have to be raised" on science funding
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Big money last updated on: Wed, 08 Sep 2010 23:04:00 GMT
Russia is home to the wealthiest expats
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Deep pockets last updated on: Tue, 07 Sep 2010 23:18:54 GMT
Finding investors to delve beneath the ocean waves
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Shale gas revolution last updated on: Wed, 08 Sep 2010 14:41:30 GMT
Could this rock be a new major energy source?
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China calling last updated on: Tue, 07 Sep 2010 21:20:35 GMT
Can trade with China help the UK economy?
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Winding up last updated on: Wed, 08 Sep 2010 08:48:30 GMT
Regional Development Agency on its way out
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Q&A: Income tax last updated on: Tue, 07 Sep 2010 05:56:41 GMT
What should you do if the tax blunder affects you?
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