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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Man Utd shares fall on Sir Alex news

Category : Business, World News

Manchester United shares fall in New York amid concerns over the impact Sir Alex Ferguson’s retirement will have.

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G4S shares tumble as European business disappoints

Category : Business

World’s largest security company loses 11% as it warns on profit margins

Shares in G4S, the company that bungled the security of last year’s Olympics, slumped 11% on Tuesday morning, after it said profit margins would be lower than expected in 2013 because of a difficult first quarter in Europe.

The news will pile further pressure on the firm’s chief executive, Nick Buckles, who was forced to appear before MPs last summer to admit the operation for the 2012 Games was a “humiliating shambles”.

The world’s largest security company, which provides services ranging from manned security guards, to cash transportation and running prisons, pulled forward its trading update to say that group margins would be down 0.6% in the three months to the end of March, and would probably stay lower all year.

G4S is still struggling to recover from 2012 when profits collapsed by a third after the security contractor was forced to pay out £88m over its failure to supply enough guards for the London 2012 Olympics.

The company blamed the drop in margins on challenging conditions in continental Europe. It said prices in its cash solutions arm, which transports and stores money for businesses in the UK and Ireland, were under pressure. G4S was also hit by a £6m charge in Africa after some clients did not pay their bills. It said the proposed closure of 30 prisons in the Netherlands would also have an impact on the business.

“For all of these reasons, and despite ongoing business improvement plans, the first quarter margin trends are expected to continue for the full year,” the company said in a statement.

Overall, revenues grew by 7.5% at constant exchange rates in the first quarter. Organic growth, which strips out the impact of acquisitions, rose by 6% in the group as a whole and by 12% in developing markets.

Caroline de La Soujeole of Cantor Research retained a buy recommendation on the stock, despite the “disappointing” news, citing G4S’s attractive operational and geographical profile. The shares tumbled 32.5p to 273p.

Media Advisory: OFL President Sid Ryan Available for Comment Following Release of Ontario Budget

Category : World News

TORONTO, ONTARIO–(Marketwired – May 2, 2013) - Sid Ryan, President of the Ontario Federation of Labour (OFL), will be available for comment immediately following the release of the 2013 Ontario Budget to discuss its impact on working people across the province.

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VIDEO: Australian films hit by rising costs

Category : Business

A strong currency and rising energy and labour costs are making Australia increasingly expensive – and the Australian film industry is one of the sectors feeling the impact.

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Few planning to migrate to UK – poll

Category : Business

The coming end of EU work restrictions for people from Romania and Bulgaria is having little impact on their plans to move, BBC surveys suggest.

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Starbucks introduces reusable cups

Category : Business

Coffee chain says £1 cups will encourage customers to cut waste and save them money on every order

The coffee chain Starbucks is introducing a reusable cup which UK customers can keep, in a move designed to encourage them to be more environmentally conscious while saving money.

The reusable cup is based on the design of the brand’s distinctive white and green paper cups and will cost £1.

Customers who use their reusable cup will receive a 25p discount off their Starbucks drink every time they use it. The cup is made of a high-quality material which is lighter than the Starbucks ceramic tumblers, which will still be available.

The reusable cups will be available in selected stores nationwide from today but will be rolled out gradually elsewhere.

The US coffee giant has pledged to press ahead with a major expansion plan in the UK – aiming to open 300 new stores and create 5,000 extra jobs by 2016 – amid ongoing controversy over its failure to pay UK corporation tax over the past three years.

Ian Cranna, vice-president of UK marketing for Starbucks, said: “We know that our customers really care about saving money and doing their bit for the environment; between 2008 and 2012 the number of people using a Starbucks reusable tumbler increased by 235% and our new reusable cup is a low-cost, high-impact way to help make a difference on reducing waste.”

Globally the chain is aiming for 5% of drinks made in its stores to be served in reusable cups by 2015 and the company says its move in the UK is a key step towards reaching this goal.

India car sales hit as economy slows

Category : Business

Annual car sales in India have fallen for the first time in a decade, underlining the impact a slowdown in its economy is having on key sectors.

Excerpt from: India car sales hit as economy slows

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MPs to examine whiplash claim levels

Category : World News

The Commons Transport Committee is to examine the impact that claims for whiplash injuries are having on the cost of car insurance.

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Watchdog contradicts PM on growth

Category : World News

David Cameron is involved in a dispute with the Office for Budget Responsibility about the impact of austerity measures on economic growth.

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Now’s the Time to Give Your Mirror a Makeover, Says Mr Mirror

Category : Stocks, World News

Mr Mirror explains how mirrors can be used as a decorative piece to add impact to a room

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