RBS Confirms £8.2bn Loss And New Revival Plan

Royal Bank of Scotland (RBS) has reported a loss of £8.2bn - its biggest since the year it was bailed out by the taxpayer - and announced plans to help restore customer trust. The loss for 2013 included its previously-announced provisions for mistakes...

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Qantas To Axe 5,000 Jobs After £126m Loss

Australian airline Qantas has announced it will cut 5,000 jobs after posting a first-half net loss of £126m. The airline, which is battling record fuel costs and fierce competition from subsidised rivals, is working to slash costs by £1.08bn over three...

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Standard Life May Quit Independent Scotland

By James Matthews, Scotland Correspondent The financial giant Standard Life is making contingency plans to pull out of Scotland in the event of a vote for independence. Just hours after the Edinburgh-based company intervened in the debate on Scotland's...

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Energy Bills: New Rules To Boost Competition

The energy regulator has announced new rules to try to boost competition between household suppliers and provide greater clarity for bills. Ofgem has confirmed that new regulations due to be implemented at the end of next month will force the so-called...

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Co-op Hits 6,500 Staff With Job Uncertainty

The Co-operative Group has confirmed it may sell its pharmacy business, employing 6,500 staff, as part of its strategic review. It is also looking to offload 15 farms it owns, which have an estimated land value of £49m. The review - ordered in the...

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Cameron Criticised On Flood Defence Spending

The boss of the country's biggest insurance firm, Legal & General, has told Sky News he is concerned about a lack of spending on flood defences. As the industry faces Government pressure to pay out quickly on the costs of the winter storms, Nigel Wilson...

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Demand For Real Butter Is Spreading

By Vicki Hawthorne, Sky News Ireland Correspondent The demand for real butter is increasing according to the latest sales figures for the product. In the last five years sales of butter have risen 7% in the UK, while margarine sales have dropped...

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Sofa Giant DFS Gets Comfortable With £1bn IPO

By Mark Kleinman, City Editor The furniture retailer DFS has drafted in bankers to prepare for a £1bn stock market listing later this year, Sky News has learnt. Advent International, the private equity firm which owns DFS, has appointed UBS to...

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Lloyds Sets Target For Women Executives

By Mark Kleinman, City Editor Lloyds Banking Group is to break new ground in the debate about gender diversity in British business by pledging that 40% of its top 5,000 jobs will be occupied by women within six years. Sky News can reveal this weekend...

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