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Close Brothers posts record profit

Close Brothers posted a record pre tax profit of 157 million pounds for the 2006 financial year, slightly above consensus estimates, boosted by strength in all its businesses, the UK bank said on Monday.

Aberdeen hit by drop in dollar

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Aberdeen Asset Management's assets under management fell by 3.9 percent over the five months to the end of August, primarily as a result of a fall in the value of the U.S. dollar.

Minerva drops plans for skyscraper

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Property group Minerva has dropped plans to build what would have been the City of London financial district's tallest office block, saying on Monday the project was too big for a company of its size.
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Standard Life finance director steps down

Standard Life Finance Director Alison Reed will step down next month, the insurer said, ending a week of speculation about her future that has prompted concerns over management changes at the former mutual.
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Companies' fuel bills surge

Around four fifths of manufacturers have seen their fuel bills rocket at least 30 percent in the last year
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Branson commits $ 3 billion to fight global warming

Billionaire Virgin Group Chairman Richard Branson on Thursday committed an estimated $ 3 billion over the next 10 years, or all of the profits from his airline and rail businesses, to combating global warming.
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FTSE 100 falls on U.S. growth worries

The FTSE 100 fell on Friday, with Wall Street seen extending losses after a Philadelphia Federal Reserve survey sparked concerns over U.S. growth and corporate profitability
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Web Life: If you don't want to fly, check in here

If the prospect of air travel is no longer alluring for security, environmental or other reasons, check in at www.seat61.com, an online travelogue that has evolved into an information bank on alternatives to air.
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Nike profit beats Street, shares up 6 pct

Nike Inc., the world's No. 1 sport shoe and apparel maker, on Thursday posted quarterly earnings above Wall Street targets, boosting its shares nearly 6 percent and easing some fears that pricey styles bearing its signature swoosh were losing their luster.
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MFI sells loss making retail arm

MFI Furniture Group has agreed to sell its loss making retail operations to private equity group Merchant Equity Partners (MEP) for a nominal 1 pound
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Branson promises $3 bln to fight global warming

Billionaire Richard Branson on Thursday committed to spending all the profits from his airline and rail businesses an estimated $3 billion (1.6 billion pounds) over the next 10 years on combating global warming.
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Merck, Nycomed stoke European drugs merger

Consolidation in Europe's drugs sector gathered steam on Thursday as Germany's Merck unveiled a $13.3-billion deal to buy Europe's top biotech firm Serono, and Denmark's Nycomed won the drugs unit of Altana.
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FTSE 100 Climbs On Strong Results, Oil Caps Gains

Britain's FTSE 100 pushed ahead on Thursday, buoyed by strong results and bullish earnings forecasts, but gains were capped by continued weakness in crude prices, hitting oil heavyweights and utilities.
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Laura Ashley enjoys rosy sales

Laura Ashley , the British retailer famed for its floral fabrics, said on Thursday it returned to profit and enjoyed strong sales in the first half of the year thanks to further cost cuts and strong demand.
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Morrison swings to profit

Wm Morrison Supermarkets posted a return to profit in its first half and said on Thursday the second half had started well, sending its shares up 4.3 percent to a 28 month high.

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