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Taxpayer-Backed Lloyds To Axe 1,000 Jobs Lloyds Banking Group is to axe almost 1,000 jobs and close four of its offices, the partially state-owned bank has announced.

BP 'Willing to Settle' Ahead Of Oil Spill Trial
BP boss Bob Dudley has told Sky News that he is "willing to settle" the outstanding compensation claims arising from the Gulf of Mexico oil spill in 2010 before they go to court.


Drugs Maker GlaxoSmithKline Returns To Profit Britain's biggest drugs maker GlaxoSmithKline (GSK) returned to profit in the fourth quarter of 2011 following vigorous restructuring and cost-cutting.

Labour Calls For Banks To Cut Bonuses
Labour has called for all British banks to cut bonuses after public pressure led Royal Bank of Scotland chief executive Stephen Hester to waive his near £1m payout.


Electrical Firms Pledge To Improve Warranties Three major UK retailers - Dixons, Comet and Argos - have pledged to improve warranties on their electrical goods following an investigation by the consumer watchdog.