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  • Festive Decorations Firm Calls In Administrator

    December 20, 2013 9:58 AM 14

    The firm behind Christmas decorations at major shopping malls will call in administrators on Friday, Sky News understands. The company which puts up Christmas decorations in major UK shopping centres including Bluewater and Lakeside will on Friday fall into administration after axing its entire 190-strong workforce. Sky News has learnt that Fuzzwire

  • UK GDP growth revised upwards (From Romsey Advertiser)

    December 20, 2013 9:46 AM 17

    The UK economy grew more strongly than previously thought this year, according to revisions to official figures. Gross domestic product (GDP) rose by 0.5% in the first quarter of 2013, up from a previous estimate of 0.4%, and by 0.8% in the second quarter, up from 0.7%, the Office for National Statistics (ONS) said. The figure of 0.8% for the third quarter

  • UAE pulls out of BAE Eurofighter Typhoon deal

    December 20, 2013 7:03 AM 16

    London: BAE Systems said the UAE had quit talks to buy Eurofighter Typhoon aircraft and it had not yet reached a final agreement with Saudi Arabia over a jet deal. Fighter jet exports to regions such as the Middle East have become increasingly important to defence contractors such as BAE which are facing declining military spending from their biggest

  • S&P cuts EU long-term rating to AA+

    December 20, 2013 6:31 AM 9

    (Reuters) - Standard & Poor's cut its long-term credit rating on the European Union to AA-plus from AAA on Friday, citing rising tensions on budget negotiations. The move follows cuts to the ratings of EU member states in recent months. "In our opinion, the overall creditworthiness of the now 28 European Union (EU) member states has declined," S&P said in a statement

  • Wildlife groups criticise green farm subsidy move

    December 20, 2013 4:43 AM 13

    Wildlife groups have accused the government of caving in to the big farmers over planned changes to farm subsidies in England. The government proposed increasing the proportion of farm payments transferred to protecting wildlife from 9% to 15%. The government said it would be spending a bigger share on the environment despite a smaller overall budget

  • AugustaWestland helicopter deal safeguards jobs

    December 20, 2013 1:29 AM 17

    A £1bn contract has been signed to supply 16 helicopters to the Norwegian government, safeguarding thousands of British jobs. The aircraft will be assembled at AgustaWestland's factory in Yeovil, Somerset, with a 15-year training and support package included in the deal. The firm said its new generation AW101 was a "worthy successor" to its Sea King, which

  • BoE reports sharp drop in those concerned over debt

    December 20, 2013 1:03 AM 10

    There's been a sharp drop in the number of households concerned about their debts, according to a survey done for the Bank of England. The report says that in 2013, 39% of households were worried about debt, compared with 46% last year. However the Bank warned about the impact of future rises in interest rates on borrowers. The number of people worried

  • St Andrews University plans a £25m energy centre

    December 20, 2013 12:22 AM 18

    A university hopes to cut its energy costs by building a £25m "green" centre. Rising bills at St Andrews University represent a "major threat" to investment in teaching and research, the institution said. The renewable energy project at Guardbridge would generate power through wood-fuelled biomass. It would then pump hot water four miles underground

  • Consumer morale slips for third month in December - GfK

    December 20, 2013 12:21 AM 12

    LONDON (Reuters) - British consumer confidence fell for the third straight month in December, its longest decline since 2010, a survey from researchers GfK NOP showed on Friday, signalling concerns about personal finances. The global market research group's headline consumer confidence index fell to -13 from -12 in November, despite an improving economic

  • Soft treatment of "zombie companies" does little harm - central bank

    December 20, 2013 12:13 AM 11

    LONDON (Reuters) - Softer loan terms for the struggling British businesses often dubbed 'zombie companies' are not a major reason for a big shortfall in UK economic productivity, the Bank said on Friday. Japan's 'lost decade' of stagnant economic growth in the 1990s was widely blamed on banks' unwillingness to pull the plug on unviable companies, which