Old Fashioned Con Artistry Makes A Comeback

Traditional con artistry is making a comeback with cheque and procurement fraud as well as Ponzi scams on the rise. While the spotlight has been on rogue traders and 'super' fraud cases in recent years, KPMG has found a surge in the number of individuals...

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Mackerel Removed From 'Sustainable List'

Mackerel has been taken off a list of sustainable fish to eat regularly, amid a fear of overfishing. The Marine Conservation Society (MCS) said it downgraded mackerel and the fish, renowned for its omega 3 content, should only be eaten occasionally....

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FSA Arrests Five People Over Insider Dealing

Regulators and police have arrested two men and three women as part of an investigation into insider dealing and market abuse. The Financial Services Authority (FSA) said the men, aged 37 and 62, and women, aged 39, 51 and 63, were in custody and awaiting...

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Oleg Deripaska: Oligarch Says Listen To Bankers

One of the world's richest men has told Sky News that the British economy is "lagging" the rest of the world and that "the UK Government should listen more to City bankers". In an exclusive interview with Oleg Deripaska, the Russian oligarch tells Sky...

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Olympic Park To Host Summer Music Festivals

London's Olympic Park will partly reopen to the public this year for a series of summer rock concerts. The London Legacy Development Corporation says the east London park will host the Hard Rock Calling and Wireless festivals in July under a deal with...

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Raising Debt Ceiling Is Obama's New Term Priority

After a day of Inaugural high ceremony, US politicians are turning their attention to the urgent need to reach a deal on raising the government's debt ceiling and thereby avoid the risk of a disastrous default. Congress must agree by the end of February...

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HMV: Hilco Throws Lifeline To Retail Chain

Retail restructuring group Hilco UK has acquired the debt of HMV, effectively giving it control of the administrator-managed entertainment chain. The debt purchase has been taken from the books of the struggling retail chain's lenders, Royal Bank of...

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Public Sector Net Borrowing Up By £600m

Public sector net borrowing rose to £15.4bn in December - £600m higher than in the same month in 2011. The Office for National Statistics (ONS) data, which excludes financial interventions like bank bailouts, were slightly higher than the £15.2bn expected...

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TweetDeck: Twitter Bosses Sent Closure Letter

By Pete Norman, Sky News Online Sky News has obtained a letter sent to one of Twitter's UK companies by the business regulator, giving it written warning of impending closure. Cardiff-based Companies House sent the letter to the two American directors...

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Barclays Wields Jobs Axe At UK Investment Bank

By Mark Kleinman, City Editor London-based employees at Barclays' investment banking arm have been put on notice that their jobs are at risk as the bank launched a process to slash a "substantial" number of roles. I understand that staff were emailed...

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