Perfumes Leave Bad Smell For Elizabeth Arden

Cosmetic firm Elizabeth Arden has seen its share price drop by 24% after it revealed a plunge in sales of celebrity-linked perfumes. Sales were hit hard by a decline in interest for scents for music stars Justin Bieber and Taylor Swift. The company's...

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Housebuilder Persimmon Profit Jumps 57%

Housebuilder Persimmon has seen its pre-tax profit jump by 57% in the first half of the year. The company said underlying profit reached £212.9m in the six months to the end of June. Revenue in the period was also up 33% to £1.2bn and it said sale...

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Ministers Face New Royal Mail Sell-Off Row

By Mark Kleinman, City Editor Ministers considered selling the Government's entire stake in Royal Mail when the shares were trading close to their post-privatisation peak earlier this year - but decided against doing so because it risked antagonising...

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Oz Tycoon MP Attacks 'Chinese Mongrels'

An Australian mining magnate turned MP has caused outrage by calling the Chinese "mongrels" and "bastards" who shoot their own people. The comments by multimillionaire Clive Palmer have forced both government and opposition members to unite in condemnation,...

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Tom Hanks' Typewriter iPad App Hits Number One

An iPad app created by Hollywood star Tom Hanks has shot to the top of Apple's iTunes Store. Hanx Writer, which emulates an old-fashioned typewriter, was only launched last week but has already become one of the most popular apps. The free download...

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Top Music College Grabs £50m Smash Hit Sale

By Mark Kleinman, City Editor The chain of music colleges which provided a launch-pad for the careers of artists such as The Kooks is closing in on a takeover valuing it at more than £50m. Sky News understands that the owner of the Brighton Institute...

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Inflation Drops More Than Expected In July

The two measures of UK inflation have dropped more than expected in July, prompted by discounting on the high street. According to official data, the Retail Prices Index (RPI) stood at 2.5% and the Consumer Prices Index (CPI) was 1.6%. Economists had...

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Rail Passenger Fares To Rise By 3.5% In 2015

Rail Fare Rises Put Pressure On Chancellor Updated: 1:00pm UK, Tuesday 19 August 2014 By Tadhg Enright, Business Reporter Hundreds of thousands of train commuters are facing ticket price increases of 3.5% from next January - almost three times...

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Watchdog Accuses Govt Of Cover-Up Over Scheme

A spending watchdog has accused the Government of trying to conceal details of a troubled flagship benefit project. The Commons Public Accounts Committee raised concerns that the decision to award the Universal Credit scheme a "reset" rating was "an...

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Greggs 'Scum' Logo On Google Goes Viral

High street bakery Greggs has been embarrassed after a spoof of its logo appeared online - and quickly went viral on social media. An image with the tagline "providing **** to scum for over 70 years" appeared prominently in Google search results for...

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