Miliband Sets Out Plan For £8 Minimum Wage

Labour leader Ed Miliband has pledged to raise the national minimum wage to at least £8 an hour if he becomes Prime Minister. The minimum wage is due to rise from £6.31 an hour to £6.50 on October 1, but Mr Miliband plans to add £1.50 an hour...

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EE Buys 58 Phones 4U Stores: '360 Jobs Saved'

Mobile phone operator EE said it would buy 58 Phones 4U outlets, saving almost 360 jobs from the collapsed retailer. The £2.5m deal, made through administrator PricewaterhouseCoopers (PwC), comes after Vodafone said on Friday it would buy 140 stores....

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Tesco Suspends Bosses Over £250m Profit Error

Tesco has suspended four senior executives after it revealed an accounting error overstated its first-half profit by £250m. CEO Dave Lewis said that "a number of people" have been suspended while an internal investigation is under way, including the...

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GlaxoSmithKline Fined £297m For China Bribes

A Chinese court has fined GlaxoSmithKline (GSK) £297m - a record in the country - for bribing doctors and hospital officials to use its products. The pharmaceutical firm confirmed the penalty imposed by the Changsha Intermediate People's Court in Hunan...

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Wellcome Trust Toasts £100m Alibaba Profit

By Mark Kleinman, City Editor Britain's biggest medical research charity is toasting a £100m-plus profit from the flotation of Alibaba Group, the Chinese internet giant that on Friday became the biggest technology company listing ever. Sky News...

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Alibaba Bigger Than Facebook On Market Debut

Alibaba Boss Like A Rock Star At 'Epic' IPO Updated: 7:22pm UK, Friday 19 September 2014 By Hannah Thomas-Peter, New York Correspondent As Jack Ma swept past me on the floor of the New York Stock Exchange, I asked him how he was feeling. He smiled...

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Hundreds Of Phones 4U Jobs Saved

Almost 900 jobs at collapsed retail chain Phones 4u have been saved after network operator Vodafone struck a deal to buy 140 stores. However, administrator PwC said it had failed to prevent 628 redundancies among head office and telesales staff at Phones...

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Richard Branson Tops 'Most Admired' Boss Poll

Branson's Virgin To Pilot New Cruises Venture Updated: 1:16pm UK, Friday 28 February 2014 By Mark Kleinman, City Editor Sir Richard Branson is drawing up plans for a secret assault on the international cruises sector which will involve raising...

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Balls: 'We Have Learnt From Our Mistakes'

Ed Balls insisted Labour had learned from its mistakes as he set out plans that would see politicians' pay cut, a bank levy to pay for free childcare and a child-benefit freeze. In an attempt to show the party could be trusted with the economy, the...

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Tesco: Eight Chinks In Supermarket Chain

Tesco Admits £250m Profit Overstatement Updated: 3:00pm UK, Monday 22 September 2014 Tesco has suspended four senior executives after it revealed an accounting error overstated its first-half profit by £250m. CEO Dave Lewis said that "a number of...

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