Equitable takes Â£75m hit as it makes progress on compensation
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TROUBLED UK life assurer Equitable Life yesterday said it had taken a Â£75 million hit as it moved in line with the rest of the sector and set aside more reserves to address the fact that people are living longer.
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About a fifth of compensation claims made by 7/7 London bombing victims remain unresolved.
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A controversial special damages claim that threatened to cripple the Financial Times (FT) has been struck out by the High Court. Mr Justice Tugendhat ruled that a record Â£230.
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Edward D. Jones &amp; Co. agreed Monday to pay a record $75 million and take corrective measures to avoid criminal charges for taking payments from mutual fund companies it recommended to individual investors.
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Postal workers are on course for an Â£800 bonus after the Royal Mail today reported a huge improvement in its finances and more reliable deliveries.
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Kingfisher will reinvest Â£75m gleaned from shaking up its supply chain in lower prices this year, the do-it-yourself retailer said yesterday as it reported a sharp rise in interim profits.
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(Corrects deal value throughout to 6.2 billion pounds (and $12 billion) from 5.75 billion pounds (and $11.3 billion) to reflect Corusâ fully diluted shares outstanding)
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The median compensation for a top executive at the largest firms rose by 30 percent this year to almost three million pounds, a survey has shown.
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Some residents in Iowa are angry over a $75 million payout that will go to the lawyers who sued Microsoft over antitrust claims in the state.
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Business & money: Â· Luke Johnson pays initial Â£10m for 70 shopsÂ· Staff to get private-equity style bonus scheme
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Â· Rose also promised Â£4.5m in shares if targets are met  Â· Shopworkers in line for payouts of Â£500 each
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Bank's main rate up to 5.75%, highest in six years.
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Retailer agrees to pay compensation to customers in move to end long-running price-fixing saga
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The government spent 1.75 billion pounds last year to hire outside consultants, some of who were paid roughly 10 times that of a civil servant doing same job.
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Intercontinental Hotels plans to shed properties worth Â£750m (Â£1.3bn) to help it recover from three years of falling hotel bookings.
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Workers could be offered pay settlements lasting up to three years
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The Bank of England also left its benchmark rate unchanged at 5.75 percent.