Exclusive: G4S Talks Stall Over Olympics Deal

By Mark Kleinman, City Editor The Home Secretary could be asked to intervene in the row over G4S's failure to provide thousands of security staff at last summer's London Olympics amid faltering negotiations over a financial settlement. I have learned...

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GDP Unrevised At 1% In Third Quarter

Britain's gross domestic product for the third quarter has been unrevised by the Office for National Statistics, with growth confirmed at 1%. The ONS confirmed the strongest rise in household spending in more than two years helped drive the UK's dramatic...

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Eurozone And IMF Reach Greece Debt Deal

Eurozone finance ministers and the International Monetary Fund have reached an agreement on Greek debt, which paves the way for the release of much-needed loans. After nearly 10 hours of talks, it was agreed that the country's public debt should fall...

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Nationwide Profit Slumps After PPI Charge

Nationwide, Britain's biggest customer-owned financial services group, has reported a drop in half-year profits despite seeing a sharp increase in new customers. The bank said its pre-tax profit fell by almost 50% to £124m for the six months to the...

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Lloyd's Of London In Global Insurance Warning

The world's biggest insurance market has warned that more than a dozen emerging economies are at risk of major rebuilding costs due to minimal insurance cover for natural disasters. Lloyd's of London said there is a global insurance deficit of $168m...

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Afghan War Supplier Issues Major Warning

The British firm that supplies Nato forces with safety devices has revealed major woes ahead of an Afghanistan troop drawdown. Apache helicopters have been fitted wiith decoys made by Chemring Chemring issued a trading warning, saying its year-end...

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Facebook: False Copyright Warning Goes Viral

Facebook has insisted that its users keep full copyright of their photos and videos after a hoax warning went viral. Tens of thousands of people are now thought to have copy-and-pasted a statement onto their timeline, asserting full copyright over their...

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Boris Tells Indian Firms To 'Come To London'

Boris Johnson has caused a row with the French by urging Indian firms to set up in London, telling business leaders to "join the business capital of the world". The Mayor of London angered the French government when he told an audience of businessmen...

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Welfare-to-Work Scheme Misses Its Target

The Government has defended its flagship employment scheme after new figures showed the programme has missed its target. Only 3.5% of the long-term unemployed helped by the scheme were still employed six months later, according to data published by...

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Ex-Network Rail Boss To Head National Express

By Mark Kleinman, City Editor The former head of Network Rail, Sir John Armitt, is to become the new chairman of National Express, the bus and rail operator. I have learned that Sir John's appointment is to be announced by National Express later...

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