Business Blog

Europe's homeowners hit by Swiss franc move

European homeowners hit by Swiss removal of currency cap

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Oil firm to cut 300 North Sea jobs

Oil company Talisman Sinopec announces plans for 300 job losses from its North Sea operations, from a workforce of about 3,000.

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Smith deal could spark tax contest

Chancellor George Osborne tells MPs that new powers being handed to Scotland could result in a UK-wide competition over tax rates.

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Morgan Stanley sees profit rise

US banking giant Morgan Stanley sees quarterly net income rise as legal fees relating to mortgage-backed securities ease.

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Dungeness B given 10-year reprieve

Dungeness B power station is to stay open beyond its scheduled closing date of 2018, EDF Energy announces.

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Oil producers caught in a perfect storm

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