Billionaire Backs UK Music Dotcom Shazam

By Mark Kleinman, City Editor Carlos Slim, the Mexican telecoms magnate who has become the world's richest man, is investing tens of millions of pounds in Shazam, the British digital music company. Sky News can reveal that Mr Slim, whose net worth...

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Retailers Agree Bangladesh Factory Inspections

Leading names in European retail have backed plans for co-ordinated inspections of factories in Bangladesh, in an attempt to prevent a repeat of the building collapse that killed 1,129 people in April. The collapse of Rana Plaza, a factory built on...

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Center Parcs Begins 1,500 Recruitment Drive

Center Parcs has begun a drive to recruit 1,500 staff for its new £250m holiday village, a decade after it first identified the Bedfordshire site for the project. The posts at the Woburn Forest resort - which is due to open next spring following a protracted...

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TPG Swoops For Teachers' Bible In £400m Deal

By Mark Kleinman, City Editor The publisher of the Times Educational Supplement is to be sold to an American buyout firm in a deal valuing the teachers' bible at around £400m. Sky News has learnt that TPG Capital, one of the world's biggest private...

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Jobs Market 'Soaring' In UK, Report Says

Recruitment firms say they are placing the highest number of people into permanent jobs for two years, amid strong evidence of rising wages. The report by the Recruitment and Employment Confederation (REC) and professional services group KPMG found...

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Lloyd's Of London HQ Sold To Chinese

The landmark City headquarters of the Lloyd's of London insurance market has been sold to a Chinese insurance company in a £260m deal. The famous glass-and-steel construction - designed by Richard Rogers and opened in 1986 - had been owned by the German...

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Fallon To Unveil £2.5bn Royal Mail Flotation

By Mark Kleinman, City Editor The Government will this week fire the formal starting-gun on the most ambitious privatisation in decades by unveiling plans for a £2.5bn autumn stock market listing of Royal Mail. Sky News can exclusively reveal that...

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Beazley Chair Holt Leads Race For TSB Post

By Mark Kleinman, City Editor A former Lloyds TSB executive is a frontrunner to take the helm of one of Britain's biggest retail banks when it lists on the stock market in 2014. Sky News understands that Dennis Holt, who was on the main board of...

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Bad Bankers Face Criminal Charges And Jail

Reckless bankers could face criminal charges and jail after the Chancellor pledged to implement most of the recommendations produced by the Parliamentary Commission on Banking Standards. George Osborne is also backing calls for tighter control of bonuses...

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Teresa Heinz Kerry's Condition Upgraded

Teresa Heinz Kerry, the wife of US Secretary of State John Kerry and heiress to the ketchup company fortune, has been upgraded to fair condition but remains in a Boston hospital. The 74-year-old was flown to Massachusetts General Hospital on Sunday...

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