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British Energy shares drop on auction hopes
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Reuters - Fri 09 May, 11:03 AM
Shares in nuclear power generator British Energy fell over 3 percent on Friday on fading hopes that a bidding war would push up the price for the stake being sold by the government.
Glum financials pull FTSE down 1.4 percent
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Reuters - Fri 09 May, 12:03 PM
Leading shares shed 1.4 percent by mid-session on Friday, as financials reeled after U.S. insurance giant AIG <AIG.N> posted a $7.8 billion (4 billion pound) quarterly loss and soaring oil prices exerted pressure on global markets.
Home repossession orders surge
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Reuters - Fri 09 May, 01:40 PM
More people in England and Wales are just one step away from losing their homes than at any time since the early 1990s as the credit crunch bites, figures showed on Friday, and experts say things can only get worse.
Sources say Citigroup to unveil $400 billion asset sales
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Reuters - Fri 09 May, 01:08 PM
Citigroup <C.N>, hit hard by the global crunch, will announce plans to sell roughly $400 billion (205 billion pounds) of non-core assets when it meets investors and analysts on Friday, people familiar with the situation said.
Sorrell says it's a shame Microsoft-Yahoo talks failed
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Reuters - Fri 09 May, 02:20 PM
The advertising industry lost a potential balancing influence in the Web search market when deal talks between Microsoft <MSFT.O> and Yahoo <YHOO.O> broke down, the chief of ad services group WPP <WPP.L> said on Friday.
BG says talks with Origin inconclusive but ongoing
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Reuters - Fri 09 May, 08:17 AM
BG Group <BG.L> on Friday said discussions over its $12 billion (6.2 billion pound) bid approach to Australia's Origin <ORG.AX> are ongoing but so far inconclusive.
HMV sees year profits toward upper end of range
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Reuters - Fri 09 May, 07:38 AM
HMV Group said it was confident full-year pretax profit before one-off items would be towards the upper end of market expectations.
Diageo to build new Irish Guinness brewery
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Reuters - Fri 09 May, 01:14 PM
Drinks maker Diageo will spend millions on a new brewery near Dublin, but Guinness fans in Britain and Ireland will still get their dark beer from the historic brewery in the heart of the Irish capital.
Blinkx flies on Google and Newscorp bid talk
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Reuters - Fri 09 May, 11:56 AM
Shares of video search engine firm Blinkx surged 50 percent to a seven-month high on Friday, on talk that Internet giant Google and media conglomerate NewsCorp may bid for the firm.
Oil powers above $125 as funds pile in
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Reuters - Fri 09 May, 12:49 PM
Oil raced to a new record high above $125 a barrel on Friday, as a strong performance over the last week and a surge in heating oil futures saw investment funds trooping into the market.
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