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FTSE drifts down, hit by consumer confidence data

Britain's largest shares drifted down on low volumes led by Diageo and with sentiment hit by a survey showing a sharp decline in British consumer confidence and by buoyant sterling following strong house price data.

Unloved bonds make investor comeback - for now

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Signs that the world economy is at a turning point are being reflected by tentative evidence that bonds are moving back into favor after years as an unloved alternative to booming equities.

Permira to buy Unilever frozen food business

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Anglo-Dutch consumer products group Unilever NV/Plc said on Monday it agreed to sell the bulk of its frozen foods business to private equity group Permira Funds for 1.725 billion euros ($2.2 billion).
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UK to get first city with high-speed WiMax coverage

A British city known for its concrete cows is set to become one of the most technologically advanced in Britain after it said it would to be the first UK town to boast a high-speed WiMax wireless broadband network.
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DVD Giveaways Signal Decline of Format

British newspapers are now giving away free as many DVDs as are being purchased in stores, revealing a stealth contributing factor to the decline of Hollywood's cash cow format.
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Microsoft Launches adSense in the U.K

Microsoft is launching its online ad platform dubbed AdCenter in the United Kingdom on Monday to handle all of the paid-search traffic on MSN Search and Windows Live.
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Pensioner becomes surprise YouTube star

YouTube, the popular online home video site, has an unexpected star - a septuagenarian British widower - whose soft-spoken, humble manner has won the hearts of users of the youth dominated Web site.
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Airlines to cut Heathrow flights amid security row

Airlines will cut 20 percent of flights departing London's Heathrow Airport on Monday following a directive by the airport's owner amid a growing dispute over how to handle tougher security measures.
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Bomb plot wake-up call in terror finance fight

The world's top money laundering watchdog on Friday called on countries to intensify measures to combat the financing of terrorism in the wake of the UK bomb plot and called Britain's efforts exemplary.
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Researchers chase goal of non-hijackable plane

Can technology create a non-hijackable plane?By 2008, European researchers aim to bring that vision closer to reality through an ambitious security program to combat on-board threats in an industry left reeling this week by a security scare that raised the specter of September 11.
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BETonSPORTS shutters US business

Internet gaming group BETonSPORTS, which removed its chief executive from his job following his detention in Texas last month on racketeering charges, said on Friday it was closing down the U.S. business, which drives the vast majority of the company's profits.
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Security tech firms may benefit from foiled plot

Makers of security equipment are the most likely to benefit from the heightened alert at airports after British police foiled a plot to blow up planes flying between Britain and the United States.
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Oil Tanker Shares Rise on Alaska BP Shutdown

Shares of oil tanker companies that operate between the U.S. and the Middle East rose sharply on Tuesday after news broke that production out of Alaska's Prudhoe Bay may not normalize until 2007.
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European stocks drop, BP slips on U.S. leak news

European shares sank on Monday, pulled lower by BP which began shutting down the biggest oilfield in the United States, with weaker mining and auto stocks adding to the negative tone and trade remaining cautious ahead of Tuesday's Federal Reserve meeting.
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Absa Group Warns of Reduced Earnings

South Africa's largest money lender, Absa Group Ltd announced on Thursday that full-year earnings might be lower than 2005's performance, in spite of reported strong first half-year earnings.
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FTSE closes higher as miners, Corus gain

Britain's FTSE 100 share index closed higher on Tuesday as a surge in the cost of base metals boosted miners such as Xstrata, while steelmaker Corus rose on bid talk and reassuring results from a rival.
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FTSE soars as oil dips, Vodafone up

UK stocks closed at their highest level in nearly two weeks on Monday as numbers from Vodafone boosted investor confidence at the start of a busy earnings week and concerns over the conflict in Lebanon eased slightly.
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Airbus Aims for Boeing's Airspace

Airbus has just announced a new line of uncompromising A350 jets, but analysts say the Boeing 787 Dreamliner may have the right ticket.
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FTSE gains evaporate by close but Capita higher

Britain's FTSE 100 index closed easier on Thursday, giving up an early advance as buyers paused after Wednesday's steep gains on easing interest rate tensions. However, support services company Capita stood out with a 9.3 percent rise after it posted a forecast-beating 24 percent jump in interim profits.

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