Republic Close To Collapse: Sky Sources

Republic is expected to call in administrators on Wednesday putting 1,000 jobs at risk, according to Sky sources. The youth fashion chain will become the latest casualty of the high street in the year to date, following the collapse of HMV, Jessops...

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Heathrow Investment 'To Raise Ticket Prices'

Officials at Heathrow Airport have announced £3bn of investment in a move that is likely to leave passengers paying higher prices. The proposals include the opening of the new Terminal 2 next year, improved check-in and baggage facilities, and more...

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G4S Takes £70m Hit After Olympics Fiasco

Security company G4S has said its loss on the London Olympic security contract would stretch to £70m after finally agreeing a settlement with Games organisers. The world's biggest security firm's reputation was badly tarnished when it admitted just...

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IT Staff Shortages Raise Cyber Crime Risk

The lack of skilled workers is hampering Britain's ability to protect itself from costly internet attacks, according to spending watchdog the National Audit Office. The number of IT and cyber security professionals in the UK has not increased in line...

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Hermes Reports Strong Sales As Demand Rockets

The Christmas shopping rush has helped Hermes report a 16.4% hike in sales at constant exchange rates. The French luxury brand, known for its silk scarves and high-end handbags, said revenues hit 3.48bn euros (£2.98bn) in 2012. "Sales exceeded...

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Vertu Launches The £7,000 Smartphone

A luxury hand-made smartphone, worth a whopping £7000, has been launched by a British firm. Vertu, which is based and employs 1,000 people in Hampshire, has released the "Ti" following three years of sales growth and global expansion. Its hefty price-tag...

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Ryanair: EU 'Will Block' Aer Lingus Merger

Ryanair has said the European Commission (EC) intends to prohibit its proposed merger with smaller Irish rival Aer Lingus. The budget airline said the decision is a political one that is not based on competition law. The company said: "Ryanair ......

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Barclays Cuts 3,700 Jobs In Bank Shake-Up

Barclays has announced 3,700 job cuts amid plans to cut £1.7bn in costs and improve standards. Of these job losses, 1,800 will be in its corporate and investment bank and 1,900 will be in European retail and business banking. Some 1,600 jobs have already...

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Horsemeat Crisis To Widen, Findus Backer Says

By Mark Kleinman, City Editor The management of Findus UK has been slow to react to the scandal over contaminated ready-meals and has dealt incompetently with the public relations aspects of the crisis, according to one of the company's main shareholders....

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Sony In Talks Over Now! Music Stake

By Mark Kleinman, City Editor The music major Sony is edging towards a deal to snap up a stake in the Now! compilation series as Universal Music Group continues to shed assets as part of its takeover of EMI, the rival label. I have learned that...

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