Losses force FCUK to sell Nicole Farhi

FRENCH Connection is selling its Nicole Farhi fashion label and closing most of its US stores as it seeks to return to profit after a widening in annual losses.

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E&Y under scrutiny

THE auditing watchdog has launched a probe into the role of accountants Ernst & Young in the steps that Lehman Brothers took to hide $50billion (£33billion) debt from its balance sheet.

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RBS doubles pay to stop key staff leaving

ROYAL Bank of Scotland has awarded investment bankers pay increases worth up to double their salaries as it fights to retain staff.

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Warning hits pound

THE pound fell yesterday after a prominent Bank of England member warned that the UK economy was set to shrink again.

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Liberty sale clears decks for takeover

LIBERTY sold its iconic mock Tudor department store for £41.5million yesterday, paving the way for a takeover of the group. The retailer, chaired by Richard Balfour-Lynn, said the price it had received from European investor Sirosa was a “significant surplus” on December’s £30.25million valuation of the store in the West End of London .

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Warner and KKR could join forces in EMI bid

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TOP TEN TIPS ON FINANCIAL SPREAD BETTING

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Online applications for US travel pass should be free

HOLIDAYMAKERS are being urged not to pay unnecessarily for an Electronic System for Travel Authorisation (Esta) form required for travel to America.

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Making holiday cash go further

WITH the pound having taken another pummelling last week, and household finances still stretched to the limit, families may be concerned about how far their hard-earned money will go if they head overseas this year.

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Go online for cheaper fuel deals

ENERGY users on their suppliers’ standard tariffs are being urged to switch even though the full set of gas and electricity companies have cut their prices. British Gas kicked off the latest round of price reductions more than a month ago. Scottish Power was the last to announce cuts, last week, with an 8 per cent reduction for gas customers. “This completes the full round of price reductions, making it a full deck of cards for consumers,” said Ann Robinson, director of consumer policy at uSwitch.com.

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