Singapore Fund Swoops For Royal Mail Stake

By Mark Kleinman, City Editor A Singaporean state-backed fund is poised to become a significant shareholder in Royal Mail amid strong overseas demand for the postal operator's shares. Sky News has learnt that the Government Investment Corporation...

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Mobile Phone Blunders Putting Users At Risk

Almost 75% of people describe themselves as tech literate, despite making daily blunders that leave them open to security risks, according to a study of mobile device users. The research found that fewer than 40% of people have a password lock on their...

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Pensions Auto-Enrolment Hailed As 'Success'

Fewer people than expected have opted out of the auto-enrolment pension scheme since it was launched almost a year ago, according to a report which has identified a new mood of financial stoicism among the public. The study - by pension provider Nest...

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Google Defends Tax Affairs From New Scrutiny

Google's tax arrangements are under further scrutiny after it revealed paying £11.6m in corporation tax last year on UK sales said to be as high as £3.5bn. The US technology firm, which has faced Parliamentary criticism amid suggestions of tax avoidance...

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US Shutdown Looms As Congress Squabbles

The US government is teetering on the brink of a partial shutdown that will curtail all but essential services, with no compromise in sight in a deeply polarised Congress. If the Democrats and Republicans fail to find a solution before the deadline...

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Osborne Plans Fuel Duty Freeze Until 2015

Fuel duty will be frozen until 2015 if the money is available, George Osborne has pledged as he addressed the Tory party conference. The Chancellor's pledge came as he warned the battle to rebuild the UK economy is not over and that the Tories must...

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Aldi Grows UK Supermarket Jobs And Profits

Aldi has looked to build on its growth in the UK by confirming it is planning to create 6,000 jobs this year. The discounter said it was opening 50 new stores as it announced that UK pre-tax profits rose 124% in 2012 to £157.9m. The company said its...

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M&S Removes Asia Boss In New Bolland Shake-Up

By Mark Kleinman, City Editor Marks & Spencer (M&S) has unveiled fresh changes to its senior management ranks as Britain's biggest clothing retailer fights to accelerate a turnaround in its fortunes. Sky News understands that Pascal Martin,...

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Flat-Pack Energy: Ikea Selling Solar Panels

Ikea has begun selling solar panels to customers in the UK - in its trademark flat-pack style. The Swedish firm said it was using Britain to test the ground for its plan to offer renewable energy to the mainstream market worldwide because of the country's...

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Steve Ballmer Cries At Microsoft Goodbye

Video of Microsoft boss Steve Ballmer's tearful farewell speech has emerged, showing the 57-year-old striding off to a song from Dirty Dancing. Mr Ballmer, who recently announced he was stepping down within 12 months, paced around the stage, his voice...

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