B&Q Suffers As Bad Weather Hits Profits

The owner of DIY chain B&Q has reported a sharp fall in profits, partly a result of "record adverse weather" in the UK. Kingfisher, which is Europe's largest home improvements retailer and also owns Screwfix, said profits fell 11.4% in its last...

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Dreamliner Test Flight 'According To Plan'

Boeing 787 Dreamliner Timeline Updated: 10:20am UK, Tuesday 26 March 2013 The turbulent history of the Boeing 787 Dreamliner: Mar 25, 2013: Boeing says its first test flight with the new lithium-ion battery went according to plan. Mar 15, 2013: Boeing...

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Virgin 'To Bid For' East Coast Rail Line

The Department for Transport has invited companies to bid for the East Coast rail franchise, which is expected to be privatised in less than two years. Virgin is expected to be among the parties interested in taking over the key line, which runs between...

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Cyprus Facing 30% Unemployment Amid Crisis

By Tom Parmenter, Sky Correspondent, in Nicosia Cyprus is facing a recession so deep that 30% of people may find themselves unemployed. The EU bailout means massive restructuring of the financial system, the inevitable loss of many investors and...

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Major Emerging Economies 'To Seek Bank Deal'

When British economist Jim O'Neill coined the acronym BRIC in 2001, he can't have imagined it would turn into a genuine multi-nation alliance with an annual summit. BRIC stands for Brazil, Russia, India and China. It now has a fifth member: South Africa....

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Summly: Yahoo! Buys Nick D'Aloisio's App

The teenage founder of news app Summly has said he is "more motivated" to develop other services despite already becoming a millionaire. Nick D'Aloisio, 17, this week sold his app to web giant Yahoo! in a multimillion-pound deal. The exact value has...

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New Bank Start-Ups Given Helping Hand

Regulators have confirmed plans to boost competition in the banking sector, by easing the barriers facing new banks. The Financial Services Authority (FSA) and Bank of England (BoE) want to speed up the timetable for authorising new banks to within...

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BlackBerry Shares Drop Over Z10 Phone Worries

BlackBerry's share price has taken a further hit on the US stock market, falling 4.5% at the close of play on Monday. In total, the company's stock has now lost more than 11% on the Nasdaq since the company's new phone, the Z10, went on sale in the...

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Fifty Shades Sees Publisher In Rude Heath

Random House has said the Fifty Shades trilogy - its fastest-ever selling series - helped boost its revenue by more than 20% last year. The publisher sold more than 70 million copies of EL James' erotic novels in print, audio and e-book format in English,...

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Cyprus Moves To Prevent Run On Banks

Cyprus Facing Jobless Total Of 30% Updated: 10:40am UK, Tuesday 26 March 2013 By Tom Parmenter, Sky Correspondent, in Nicosia Cyprus is facing a recession so deep that 30% of people may find themselves unemployed. The EU bailout means massive...

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