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BUSINESS

Bank’s finger on QE trigger as High Street pain worsens

The Bank of England today gave its biggest signal yet that it is preparing to inject more money into the struggling economy as Britain’s High Street woes deepened.

Rise in Nationwide lending gives small business a boost

Graham Beale

Nationwide Building Society showed the banks a clean pair of heels today, reporting it is sharply increasing mortgage lending and offering hope to small businesses that are starved of credit.

Watchdog eases up on BSkyB as film rivals claim territory

The arrival of Lovefilm and Netflix in Britain has weakened the grip of BSkyB in the pay-TV movie market, the Competition Commission said today, making it less likely that the regulator will intervene in the sector.

New eurozone warning for Greeks ahead of summit clash

Greece was given a fresh warning over sticking to the terms of its €130 billion (£104 billion) bailout today, as Germany and France geared up for a fresh row over a solution to Europe’s debt crisis.

FirstGroup’s buses dive but trains on the right lines

First Great Western train

Britain’s north-south divide is worsening: those in the north can’t afford a bus ticket and operator FirstGroup is selling off routes that bring in £100 million of revenues as a result.

Cove leaps as bidders begin battle

Oil rig

Shares in Mozambique explorer Cove Energy shot up 10% today as Thailand’s PTT Exploration and Production made a £1.22 billion offer, exceeding an earlier bid from Shell.

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Burberry plots more shops as profits continue to rise

Burberry is ramping up expansion plans after earmarking £200 million to spend on new stores this year as global demand for its luxury goods defies a consumer downturn in the UK.

House of Fraser blames its warehouse double act for fall
House of Fraser shoppers

House of Fraser has blamed the warm weather, the consumer downturn and costs associated with opening a new distribution centre for a sharp fall in its profits last year.

GPE and Shaftesbury buck trend as West End thrives
Carnaby Street

Two of London’s biggest landlords defied turmoil gripping the eurozone and a double-dip recession today amid booming demand for space in London’s West End.

Market Round Up: LSE left shattered as both its major Italian investors slope off
London Stock Exchange

To lose one investor may be regarded as a misfortune; to lose two looks like carelessness.

Ask James Caan: Start networking if you want your first steps to succeed

Small business agony uncle James Caan on freelancing.

Bubble trouble: Facebook's shares tumble

Facebook has just won the monicker Fadebook.

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Ocado starts to deliver but still has a long way to go
Ocado

Online grocer Ocado gave its bruised shareholders cause for hope today as it delivered improved sales growth, putting behind it last year’s “capacity constraint” problems at its warehouse in Hertfordshire.

Paragon profits jumping as buy-to-lets back in fashion
houses for sale

Buying to let might sound like a boom-era activity that should have died along with Lehman Brothers.

Pinewood tumbles but Bond’s on hand to let it thrive another day
Skyfall

Pinewood Shepperton tumbled to a loss after a turbulent year that ended in the film studios being taken over, but it still has James Bond for company.

BAE wins £1.6bn Saudi jets deal

A deal has been signed to bring Hawk trainer jets to Saudi Arabia.

Ford gets credit rating upgrade and reclaims insignia
Ford Fiesta

Ford Motor Company received its second "investment grade" credit rating last night, allowing the second-largest US car maker to reclaim its Blue Oval insignia and other assets it mortgaged in 2006 to fund its turnaround plan.

Facebook forecasts were cut by Morgan Stanley just before IPO

In the run-up to Facebook's $16 billion IPO, Morgan Stanley, the lead underwriter on the deal, unexpectedly delivered some negative news to major clients: The bank's consumer Internet analyst, Scott Devitt, was reducing his revenue forecasts for the company.

M&S slashes growth targets as profits fall for first time in three years
Marks and Spencer

Marks & Spencer admitted today that full-year profits have fallen for the first time in three years.

Pole position: Race for Formula 1’s great prize

Formula One’s share flotation rolled onto the starting grid today as venture capitalist CVC sold a $1.6 billion (£1 billion) stake in the business to three investment groups including BlackRock.

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