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World Bank sees offgrid energy projects a boon

Investments in offgrid energy generation projects are the quickest way to get electricity to the 1.6 billion people in the world without lights, a World Bank official said on Wednesday.

Financial impact of Blair woes probably short-lived

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The pound has fallen on uncertainty about Tony Blair's remaining tenure as British prime minister but any longer-term impact on UK assets should be short-lived if finance minister Gordon Brown replaces him.

Carphone fined over insurance

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Carphone Warehouse has been fined 245,000 pounds over failings in its sales of mobile insurance over the telephone.
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Drax leads FTSE lower

Shares fell on Wednesday, led by Drax Group, amid new fears that the Bank of England may, contrary to expectations, raise interest rates on Thursday after its two day meeting.
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Gallaher Says First-Half Profit Up

Gallaher Group PLC, Britain's second largest tobacco company, said first half profit rose 17 percent as the company benefited from rising sales in eastern Europe.
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Baugur eyes Woolworths -paper

Confectionery to DVDs retailer Woolworths Group Plc could be broken up under a takeover plan devised by Icelandic investor Baugur
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Gallaher weathers tough markets

Tobacco company Gallaher Group Plc posted a 4 percent rise in half year profits on Wednesday and forecast an improving second half
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FTSE eases in sluggish trade

Shares edged down on Wednesday, with electrical goods retailer DSG International among the biggest losers after a muted trading update
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DSG boosted by flat panel TVs

DSG International Plc increased like for like sales 5 percent in the first 16 weeks of its financial year on strong demand for flat panel TVs
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SunGard tops list of bidders for Misys: sources

U.S. software firms SunGard Data Systems and Fiserv Inc top the list of suitors expected to submit bids for UK software company Misys by a deadline set for later this week, sources close to the matter said on Monday.
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FTSE drifts down, hit by consumer confidence data

Britain's largest shares drifted down on low volumes led by Diageo and with sentiment hit by a survey showing a sharp decline in British consumer confidence and by buoyant sterling following strong house price data.
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Unloved bonds make investor comeback - for now

Signs that the world economy is at a turning point are being reflected by tentative evidence that bonds are moving back into favor after years as an unloved alternative to booming equities.
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Permira to buy Unilever frozen food business

Anglo-Dutch consumer products group Unilever NV/Plc said on Monday it agreed to sell the bulk of its frozen foods business to private equity group Permira Funds for 1.725 billion euros ($2.2 billion).
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Broadband on the Rise

High-speed internet connections are on the incline in both the United States and Britain, according to industry experts.
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Friendster looks to recover lost glory

Friendster Inc. said on Monday it received $10 million in new funding to expand abroad and help its pioneering social-networking site survive in a market dominated by younger successors who stole its thunder.
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SA Alex Forbes sells risk unit to settle debt

South African financial services company Alexander Forbes confirmed on Monday it has agreed to sell its international risk services unit to Lockton International Holdings for a £67.6 million ($127.5 million).
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Coca-Cola: Goodbye UK, Hello Africa

The Coca- Cola company said on Friday it will relocate its Africa Group office from Windsor, England to Johannesburg in South Africa starting in January next year, in a bid to increase business growth in Africa.
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UK to get first city with high-speed WiMax coverage

A British city known for its concrete cows is set to become one of the most technologically advanced in Britain after it said it would to be the first UK town to boast a high-speed WiMax wireless broadband network.
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DVD Giveaways Signal Decline of Format

British newspapers are now giving away free as many DVDs as are being purchased in stores, revealing a stealth contributing factor to the decline of Hollywood's cash cow format.
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Microsoft Launches adSense in the U.K

Microsoft is launching its online ad platform dubbed AdCenter in the United Kingdom on Monday to handle all of the paid-search traffic on MSN Search and Windows Live.

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