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Latest News

Repossession orders climb by 17%
Fri, 09 May 2008 13:18:20 GMT
The number of people under threat of losing their homes has risen sharply in England and Wales, figures show.

French swoop for British Energy
Fri, 09 May 2008 15:31:13 GMT
French utility EDF makes an offer for British Energy, although the price has not been disclosed.

Microsoft contests $1.4bn EU fine
Fri, 09 May 2008 15:59:29 GMT
Microsoft appeals against a $1.4bn fine given for defying sanctions imposed on it for anti-competitive behaviour.

Centrica wind farm cost warning
Thu, 08 May 2008 23:12:03 GMT
Centrica warns that the prospect of making money from wind farms is looking "marginal" due to high costs.

BAA's shareholders agree funding
Fri, 09 May 2008 14:50:23 GMT
BAA shareholders have agreed to stump up £400m ($779m) as the firm struggles to refinance its debt.

BA confirms June move for flights
Fri, 09 May 2008 11:06:05 GMT
British Airways will begin to move its long-haul flights to Heathrow's Terminal 5 from June, the firm confirms.

Citigroup to shed $400bn assets
Fri, 09 May 2008 15:48:36 GMT
US bank giant Citigroup aims to sell $400bn of assets over the next three years to bolster its financial position.

Weak dollar shrinks US trade gap
Fri, 09 May 2008 13:19:29 GMT
The US trade deficit shrinks by more than expected as the weak dollar leads to a surge in exports, figures show.

Alliance and Leicester's rates up
Fri, 09 May 2008 13:11:16 GMT
Alliance and Leicester joins other lenders in charging new customers with smaller deposits higher rates.

Burma cyclone raises rice prices
Fri, 09 May 2008 12:22:11 GMT
Rice prices rise for a sixth straight day as supplies continue to be stretched after cyclone damage in Burma.

Supply worries send oil near $126
Fri, 09 May 2008 12:20:41 GMT
Crude oil has hit yet another all-time high in Friday trading, as strong demand and supply fears continue.

Strong games demand helps HMV
Fri, 09 May 2008 08:46:20 GMT
HMV shares rise 4% after the retailer says it is confident that profits will be at the top end of expectations.