POLITICS

BP eyes Prudhoe restart

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BP told U.S. lawmakers on Thursday that it could restart its giant oil field in Alaska by the end of October after rusty pipelines forced part of the field shut last month

Club Med Q3 Revenues Rise 1.2 Percent

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French holiday resort operator Club Mediterranee reported a 1.2 percent rise in third quarter revenues on Friday, with strong demand from Asia offsetting weak demand in France
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Watchdog takes on current account charges

The Office of Fair Trading will look at bank charges for customers who overdraw their accounts after winding up a months long probe into penalties for the late payment of credit card bills.
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Farmers question value of responsible coffees

Coffee farmers at Guatemala's small Chanmagua cooperative opened their land and growing methods to stiff scrutiny last year, in the hope an environment friendly seal would bring them higher prices.
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Blair says to quit within year

Prime Minister Tony Blair said on Thursday he would quit within a year but refused to give an exact date to placate Labour Party mutineers who want a speedy change of leader to revive their fortunes.
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World Bank sees offgrid energy projects a boon

Investments in offgrid energy generation projects are the quickest way to get electricity to the 1.6 billion people in the world without lights, a World Bank official said on Wednesday.
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Financial impact of Blair woes probably short-lived

The pound has fallen on uncertainty about Tony Blair's remaining tenure as British prime minister but any longer-term impact on UK assets should be short-lived if finance minister Gordon Brown replaces him.
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Carphone fined over insurance

Carphone Warehouse has been fined 245,000 pounds over failings in its sales of mobile insurance over the telephone.
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Price controls on Yell to be eased

The competition watchdog proposed on Thursday to ease price controls on directories firm Yell Group Plc from April 2008, saying it faced increased competition from a new rival and the Internet.
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New IBM supercomputer aiming for petaflop

IBM will build a next-generation supercomputer for the U.S. Energy Department with the potential to achieve a sustained speed of 1,000 trillion calculations per second
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FTSE falls as Tomkins hits construction

The FTSE 100 fell on Thursday, led by a sharp decline in the construction sector and amid lingering fears that the Bank of England may put up interest rates at noon.
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PartyGaming's H1 profit up 47 pct

Online gaming group PartyGaming reported a 47 percent increase in its first half core profit on Thursday and said it was confident for the full year.
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Easyjet predicts profit growth

Low cost airline easyJet reiterated that it still expected to see full year pretax profit growth of 40 to 50 percent while reporting an 8.4 percent rise in August passenger traffic on Thursday.
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New Nissan to be built in Sunderland

Japan's Nissan unveiled the Qashqai small four by four car for Europe on Wednesday, aiming to ride a wave of demand for off road vehicles despite high fuel costs.
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Drax leads FTSE lower

Shares fell on Wednesday, led by Drax Group, amid new fears that the Bank of England may, contrary to expectations, raise interest rates on Thursday after its two day meeting.
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Manufacturing rises for third month

Manufacturing output increased for a third consecutive month in July, official data showed on Wednesday, in a further sign of recovery in the sector.
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Gallaher Says First-Half Profit Up

Gallaher Group PLC, Britain's second largest tobacco company, said first half profit rose 17 percent as the company benefited from rising sales in eastern Europe.
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BP hit by U.S. lawsuit

A new lawsuit lodged against BP claims the oil giant manipulated crude oil prices by refusing to allow traders access to U.S. storage facilities
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Baugur eyes Woolworths -paper

Confectionery to DVDs retailer Woolworths Group Plc could be broken up under a takeover plan devised by Icelandic investor Baugur
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Gallaher weathers tough markets

Tobacco company Gallaher Group Plc posted a 4 percent rise in half year profits on Wednesday and forecast an improving second half
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FTSE eases in sluggish trade

Shares edged down on Wednesday, with electrical goods retailer DSG International among the biggest losers after a muted trading update

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