Aberdeen Shares Soar On Scottish Widows Deal

Aberdeen Asset Management shares have surged by nearly a sixth after it agreed a deal to buy its rival Scottish Widows Investment Partnership (SWIP) from the taxpayer-backed Lloyds Banking Group. In midday trades Aberdeen shares were up 15% at 491p....

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Tycoon To Bankroll UKIP Election Campaign

One of Britain's wealthiest men has vowed to do "whatever it takes" to bring UKIP European election victory next year in a blow to the Conservative Party. Paul Sykes, a Eurosceptic tycoon who has been estimated to be worth £650m, was formerly a Tory...

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PlayStation 4 Sells A Million On Launch Day

The PlayStation 4 console sold more than a million units on its first day, according to Sony. The new machine went on sale in the US and Canada on Friday, and is being  released in Europe and Latin America on November 29. Andrew House, head of...

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Emirates Airlines In Boeing And Airbus Spree

Emirates Airlines has gone on a 200-plane spending spree, as its home base of Dubai reiterates plans to become the world's biggest aircraft hub. The airline has agreed to buy 150 Boeing 777 mini jumbos and confirmed purchase of 50 Airbus A380 superjumbos....

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Bidders Eye Lloyds-Owned Housebuilder Avant

By Mark Kleinman, City Editor A group of private equity firms are circling a major housebuilding firm owned by Lloyds Banking Group, as investors seek to exploit the benefits of the Government's Help to Buy scheme and the wider availability of mortgage...

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Burton's Biscuits Bought By Canadian Fund

The Ontario Teachers' Pension Plan has agreed to buy the British maker of Wagon Wheels and Jammie Dodgers. Burton's Biscuits is the UK's second-largest biscuits manufacturer, employing 2,000 people around the UK with annual sales of £340m. The deal...

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Prosecco Makes Majestic Wine's Profit Fizz

Wine warehouse chain Majestic Wine has seen a 39% surge in prosecco sales, prompting a 4.2% rise in first half profit. The company said rocketing sales of the Italian sparkling wine, along with new store opening, saw revenue rise 3.3% to £130.2m until...

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Top Directors' Pay Up 14% In Past Year

Pay packets for directors at Britain's biggest listed companies have grown 14% in the past year - more than six times the increase in overall average earnings. The disparity has been driven by a huge rise in share-based long-term incentive payments,...

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Housing Bubble Fears Raised In BoE Survey

The biggest fear of British high street lenders is a housing bubble burst, according to a survey published by the Bank of England. The fears were voiced in the latest BoE twice-yearly survey of economic threats seen by banks, building societies, insurers...

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US Stock Markets Hit New Highs After Jet Deal

Stock market indexes are hitting new milestones on Wall Street, fuelled by a wave of new Boeing plane orders and continued positive investor sentiment for stocks. The Dow Jones industrial average crossed 16,000 points for the first time early Monday...

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