Lloyds Stake Sale Raises £3.2bn For Taxpayer

The initial sale of taxpayer-owned shares in Lloyds Banking Group has raised £3.21bn for the Treasury - representing a small profit. UK Financial Investments (UKFI), the body which oversees the public's stakes in Lloyds and RBS following their bailouts,...

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Barclays Battles Watchdog Over £50m Deal Fine

By Mark Kleinman, City Editor Barclays has confirmed that it is facing a £50m fine from the City watchdog over the £11.8bn capital-raisings that allowed it to remain out of Government ownership five years ago. The bank confirmed a Sky News report...

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Ryanair: Stansted Deal 'To Create 7,000 Jobs'

Ryanair says a ten-year deal with the owners of Stansted Airport may result in up to 7,000 new jobs being created. The no-frills carrier said the agreement, which will see Ryanair grow its traffic at Stansted by over 50% from 13.2 million passengers...

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Barclays To Pay Out £100m Over Loan Error

Barclays could have to pay out up to £100m to around 300,000 of its personal loan customers after making mistakes on their paperwork. The customers could be in line for a few hundred pounds each from the issue, which dates back to October 2008. A spokesman...

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Iran Restores Block On Facebook And Twitter

Iran has restored blocks on Facebook and Twitter after a "technical glitch" briefly removed filters from the social networks overnight. Iranians gained direct access to the sites for the first time in four years because of a fault, an official said,...

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Record Property Prices Fuel Bubble Debate

An annual surge of almost 10% in London's house prices has cast more fears about a bubble and highlighted a growing divide in the UK market. The Office for National Statistics recorded a 9.7% increase in the capital over the year to July, helping to...

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Inflation 'Ruining Power Of Savings Accounts'

A report highlighting deteriorating consumer saving power claims £10,000 invested five years ago in the average savings account would only be worth £8,844 today. The website moneyfacts.co.uk issued the findings - charting the effects of taxes and inflation...

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London's 'Gotham City' Goes To Planners

The ever-changing skyline of London's Square Mile is set to be further transformed if plans to build a £390m collection of skyscrapers are approved. Designs for the new 910,000sq ft development on Leadenhall Street - nicknamed 'Gotham City' - were unveiled...

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Grand Theft Auto V Launch: 'Sickies' Expected

Grand Theft Auto 'Cut Above Rest' Updated: 8:42am UK, Tuesday 17 September 2013 By Niall Paterson, Media and Technology Correspondent First things first, this is just a video game - even if it is a particularly violent one. So set aside the inevitable...

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F1 Owner Courts Gulf Funds For $2bn IMG Bid

By Mark Kleinman, City Editor The biggest investor in Formula One (F1) motor racing is teaming up with one of the biggest shareholders in the McLaren sports car group to form a $2bn offer for IMG, the sports rights agency. Sky News has learnt that...

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