US to probe Cobalt oil links in Angola

The group said in a regulatory filing that regulators had issued notice of an investigation in November relating to its operations there

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Shell offers £1bn for Cove Energy

The Anglo-Dutch oil group is poised to expand into Mozambique with the proposal to buy Aim-listed Cove Energy for £992m

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Schneider Electric in downbeat forecast

European manufacturer warns of stalled sales this year amid the eurozone crisis as it reveals plans to cut costs by up to €1.1bn by 2014

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France Telecom to cut dividend

Group also puts off a promised share buy-back as it seeks to shore up its balance sheet amid intense competition from rival Free Mobile

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Okada raises the stakes in Wynn battle

The Japanese billionaire is seeking a restraining order against the company’s board to prevent it from redeeming his 20 per cent stake

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Alibaba.com’s parent moves to take it private

Ecommerce company’s move is driven by a shift in strategy aimed at offering higher-quality services instead of increasing customer numbers

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Proglio’s putsch causes ripples at Veolia

Attempted coup against the world’s biggest water utililty by sales offers a window into the inner workings of France’s grandest boardrooms

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FTSE LIVE: Investor mood improves in wake of Greek deal


The FTSE 100 is trading in lacklustre fashion as investor attention switches from Greece to a string of corporate results from the likes of Hays, Logica and housebuilder Galliford Try.

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Mark & Spencer extends 40% sale outlet store prices to online customers with M&S Outlet


The website, which opened yesterday, will offer a selection of more than 1,300 womenswear, menswear and childrenswear products.

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Child Trust Fund v Junior Isa: £34k curse as 6m kids are barred from best savings deals


More than six million children are losing out on a potential nest egg of £34,000 because the Government has imprisoned their savings in defunct child trust funds.

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