Supermarket Wars: Tesco Bolsters UK Fightback

Tesco has announced plans to restore customer trust in prices and accelerate its UK turnaround amid the deepening industry battle for shoppers both in-store and online. In a statement published ahead of an investor and analyst seminar, the country's...

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Flood-Hit Farms To Get Share Of £10m Fund

Flood-hit farmers are to share £10m of Government cash from a fund to help them get back into production. Farming minister George Eustice revealed details of the fund in a speech to the National Farmers' Union (NFU) Conference in Birmingham. "We have...

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Hennessey Venom GT Sets New Speed Record

A supercar has become the world's fastest production model after hitting 270.49mph on Nasa's space shuttle landing runway. The Hennessey Venom GT's run at Kennedy Space Center in Florida just pipped the previous two-seat sports car record of 269.86mph,...

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Names Emerge For RBS Job As Revamp Looms

By Mark Kleinman, City Editor A former boss of the insurer Standard Life and an ex-KPMG executive are emerging as early contenders to become the next chairman of Royal Bank of Scotland (RBS). Sky News understands that Sir Sandy Crombie and...

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Samsung Offers 'Pay By Finger' With Galaxy S5

The latest version of Samsung's flagship mobile phone will allow users to shop online using only their fingerprint to pay. The Galaxy S5, unveiled at the Mobile World Congress in Barcelona, Spain, features a fingerprint scanner among a number of new...

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Bank Levy Damaging City, BBA Warns Osborne

By Mark Kleinman, City Editor The UK Government's bank levy undermines both its own desire for a stable tax regime and the City's status as a leading financial centre, the industry's main lobbying group has warned George Osborne. In its submission...

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Ladbrokes Blames Online Upgrade For Profits Dive

Ladbrokes has reported a 66% slump in annual profits as it invests heavily on improving its online business. Britain's second biggest bookmaker admitted its brand had "underperformed" for a couple of years, with profits for 2013 coming in at £67.6m....

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Boohoo Lures Ex-Asos Director For £500m IPO

By Mark Kleinman, City Editor A former director of the online fashion retailer Asos is to become chairman of rival Boohoo.com as it finalises plans for a stock market flotation valuing it at £500m. Sky News has learnt that Peter Williams, a retail...

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Bitcoin Turmoil After Mt Gox Exchange 'Theft'

The Bitcoin exchange industry has moved to reassure holders of the virtual currency amid reports 6% of Bitcoins in circulation, worth roughly $375m (£225m), have been stolen. The once-mighty Mt Gox exchange reportedly lost them in a cyber...

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Travelex Courts Buyers As It Pursues Listing

By Mark Kleinman, City Editor Travelex, the foreign exchange provider, is reaching out to potential buyers even as it pursues a stock market listing likely to value it at more than £1bn. Sky News has learnt that Goldman Sachs has in recent weeks...

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