Centrica Slashes Top Executives' Pay To £6.6m

By Mark Kleinman, City Editor The owner of British Gas will reveal this week that it slashed executive pay awards last year after a share price decline triggered partly by the intensifying political row over energy prices. Sky News has learnt that...

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Ukraine: Obama Talks Of Russia's Weakness

President Barack Obama has labelled Russia a "regional power" that is threatening its neighbours out of weakness, not strength - but admitted further encroachment into Ukraine was an increasing concern. Speaking at a summit of the G7 industrial leaders...

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Falling Fuel Costs Help Inflation Dip To 1.7%

The biggest monthly fall in petrol prices since September 2009 helped the annual rate of inflation ease to 1.7% in February - a level not seen for more than four years. The Office for National Statistics (ONS) said the Consumer Prices Index (CPI) measure...

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Royal Mail Confirms Plans To Axe 1,300 Jobs

A union has raised the threat of industrial action after Royal Mail confirmed it was consulting on plans to cut 1,300 jobs, mainly managerial staff. Unite, which represents 7,000 managers at the firm, described the proposals as "ruthless". Royal Mail,...

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Wind Turbine Plants To Create 1,000 UK Jobs

A £310m investment in the country's offshore wind industry is set to deliver 1,000 new skilled jobs. German manufacturer Siemens is putting up £160m of the money, covering two sites on the banks of the Humber estuary. The investment comprises additional...

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Honda Swindon Plant Job Threat Over Shift Cut

More than 300 jobs are under threat at Honda's plant in Swindon as the car manufacturer cuts production. The Japanese firm wants to reduce workflow from three daily shifts to two - blaming poor sales growth outside the UK. Its review would also result...

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Kim Dotcom: Mega Listing For Cyber Fugitive

A new company founded by one of the world's most wanted cyber fugitives is to be listed on the New Zealand stock exchange with an estimated value of more than £100m. Internet file storage company Mega Ltd announced its planned listing just over a year...

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B&Q Owner To Reward Investors As Profits Rise

The owner of the B&Q DIY chain and Screwfix brand has announced its first return of cash to investors in its 32-year history. Kingfisher confirmed group pre-tax profits of £759m - a rise of 9.8% on its previous year - and said it would...

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TV Licence Dodgers May Not Face Jail Threat

Proposals allowing ministers to lift the threat of jail and a criminal record for TV licence dodgers have taken a step forward. MPs on a Commons committee gave the go-ahead for a review of TV licence sanctions, including allowing the Government to make...

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Govt To Sell Off £4.2bn In Lloyds Bank Shares

Taxpayers are to be left with a 25% stake in Lloyds Banking Group as the Government announces plans to sell £4.2bn in shares. The taxpayer currently owns 33% of Lloyds but the government is continuing with plans to fully return the lender to the private...

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