Tesla Electric Car Fires Spark Safety Probe

The US government's auto safety watchdog has opened an investigation into battery fires in Tesla Model S electric cars. The National Highway Traffic Administration (NHTA) said blazes broke out in two of the cars in the US after the undercarriage hit...

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Jobs At Risk As Tie Rack Exits High Streets

By Mark Kleinman, City Editor The owners of Tie Rack will on Wednesday begin shutting down the chain's UK shops in a move likely to spell the death of the brand on British high streets. Sky News has learnt that Tie Rack's investors have decided...

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Npower Tops List Of Energy Customer Complaints

Npower has topped a customer complaints list leading an energy watchdog to describe its performance as "unacceptable". Latest research compiled by Consumer Futures, which represents consumers in regulated markets, said npower had 202.5 complaints per...

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G4S In £24m Apology For Overbilling Taxpayers

Security firm G4S has apologised and offered to repay more than £24m after it overcharged taxpayers for the electronic tagging of offenders. The company admitted its part in the scandal - currently being investigated by the Serious Fraud Office - which...

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Oligarch's Fund Swoops For £500m Banknote Firm

By Mark Kleinman, City Editor A fund backed by a billionaire Russian oligarch is closing in on a £500m takeover of one of the companies vying to produce the next generation of plastic currency for the Bank of England. Sky News has learnt that Pamplona...

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US Stock Markets Hit New Highs After Jet Deal

Stock market indexes have hit new milestones on Wall Street, fuelled by a wave of new Boeing plane orders and continued positive investor sentiment for stocks. The Dow Jones industrial average crossed 16,000 points for the first time early Monday and...

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Supermarkets Taken To Task Over Offers

By Poppy Trowbridge, Business And Economics Correspondent Some of Britain's biggest supermarkets have been accused of running so-called special offers that often see customers "paying over the odds". Consumer group Which? analysed more than 70,000...

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OECD Growth Upgrade Is Boost For Chancellor

By Ed Conway, Economics Editor George Osborne has been handed a further fillip as the Organisation for Economic Co-operation and Development upgraded its forecast for UK economic growth by more than any other major economy. The OECD said it expected...

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EasyJet Special Dividend As Profits Rise 51%

EasyJet is planning to return £175m to shareholders in a special dividend after full year profits rose 51% to £478m - a record for the company. The no-frills airline said that in addition to the one-off payment of 44.1p per share - subject to shareholder...

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Flowers Quit Council Over 'Adult' Content

The former chairman of the Co-operative Bank resigned as a councillor in Bradford two years ago after "inappropriate" content was found on his computer, the council has revealed. Reverend Paul Flowers, a Methodist minister who chaired the Co-operative...

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