Virgin EMI Record Label Launched by Universal

Rihanna, Justin Bieber, Sir Elton John and Emeli Sande are being brought together on a newly-launched UK record label. Virgin EMI will become the home for artists already signed up to Mercury and Virgin Records. The move was announced by parent company...

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HSBC Faces Fresh Money Laundering Probe

HSBC is facing fresh allegations of money laundering in the wake of its £1.2bn penalty to settle similar claims last year. Argentina's government announced overnight it was also accusing the London-listed bank of facilitating tax evasion through the...

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Energy Costs Push Inflation To 9-Month High

Rising energy and petrol bills combined to push inflation to a nine-month high in February, tightening the household spending squeeze. The Office for National Statistics (ONS) measured the Consumer Prices Index (CPI) at an annual rate of 2.8% in February,...

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Ryanair's Boeing Order 'To Create 3,000 Jobs'

Ryanair has revealed plans to buy around 175 passenger planes from US aircraft manufacturer Boeing. The Dublin-based airline said its purchase of the 737-800 planes would create more than 3,000 new jobs across Europe. Around 75 of the new aircraft...

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Nuisance Phone Calls: Which? Demands Action

Campaigners have demanded tougher regulation to clamp down on companies who plague people with unwanted phone calls and nuisance text messages. Consumer group Which? found seven out of 10 consumers had been cold-called in the last three months, while...

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Budget: Childcare Boost For Working Families

Working families will receive up to £1,200 per child a year under major plans to slash the cost of childcare. More than two million families stand to benefit from the tax-free childcare plans, which have been announced ahead of Wednesday's Budget. ...

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'Horsemeat Free' Sainbury's Sees Sales Boost

Sainsbury's chief executive has reported a rise in sales over recent months - due in part to avoiding the horsemeat scandal. The supermarket - which says no traces of horsemeat have been found in its products - reported a 3.6% rise in like-for-like...

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Budget: Extra £2.5bn Boost For Spending

George Osborne has ordered government departments to slash their budgets by another £2.5bn to fund extra capital spending. The Chancellor and Chief Secretary to the Treasury Danny Alexander told ministers that they can afford to trim another 1% a year...

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Hinkley Point Nuclear Plant Given Go-Ahead

The building of a new nuclear plant at Hinkley Point in Somerset has moved a step closer after Energy Secretary Ed Davey granted the scheme planning permission. The proposed development of Hinkley Point C by French energy company EDF is a boost for...

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Cyprus Bailout: Cash Flown Out To British Troops

A plane has left Britain for Cyprus with one million euros onboard to ensure soldiers have access to cash. Banks in Cyprus have been closed since before the weekend and will not reopen until Thursday in order to prevent a run on the banks as the government...

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