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Homeform to enter administration

Home fittings company Homeform, the owner of brands such as Moben, Kitchens Direct and Dolphin, is to go into administration.

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Builder sees strong London demand

Homebuilder Berkeley reports a 24% rise in annual profits as it seeks to cash in on strong demand in London and the South East of England.

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US new home sales fall back again

US new home sales fell 2.1% in May from the previous month, figures show, providing further evidence of the weak housing market.

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Irish economy returns to growth

The Irish Republic's economy grows 1.3% in the first quarter as exports surge, but domestic demand remains weak.

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Republicans exit Biden debt talks

Republican negotiators walk out of talks with Vice-President Joe Biden on how to reduce the US debt, in an impasse over Democratic calls for tax rises.

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Lone mothers 'worst hit by cuts'

Single mothers will be hardest hit by the government's programme of benefit cuts and tax rises, says the Fawcett Society.

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New EU shoppers' rights approved

New rules that will give European shoppers more rights when returning goods or paying by card have been approved by MEPs.

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Firefighters oppose pension plans

More than a quarter of firefighters may leave their pension scheme if their pension contributions are forced up, their union claims.

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Oil price drops on reserve sale

The price of oil falls after International Energy Agency members agree to release some of their reserves.

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Emergency loan for Japan's Chubu

Chubu Electric, Japan's third biggest utility, will receive an emergency loan as the country continues to face a power shortage.

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China's Wen winning inflation war

Chinese premier Wen Jiabao says that despite global issues, China can control inflation and sustain its robust growth.

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Google 'faces US antitrust probe'

US regulators are preparing to issue court orders to Google and other companies as part of a probe into Google's business practices, US media report.

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Draghi will follow Trichet at ECB

EU leaders vote for Italy's Mario Draghi to follow Jean-Claude Trichet as the head of the European Central Bank.

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Italy bank shares dive on warning

Shares in leading Italian banks fall sharply after the credit ratings agency Moody's says it may downgrade their status.

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Row over Zimbabwe diamond sales

A row breaks out over reports that Zimbabwe has been given the green light to sell diamonds from its rich Marange mines.

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Travelodge customer data stolen

Travelodge UK is investigating an apparent hacking attack on its customer database.

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Fears about fake Olympics websites

Sports fans are being urged to be aware of the risk of scams following the disappointment of missing out on Olympics tickets.

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Tesco Bank offers refunds pledge

Tesco Bank - which has suffered technical problems with online accounts - says it will refund anyone who incurred costs as a result.

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US economic growth is revised up

The US economy grew at an annualised rate of 1.9% in the first quarter of the year, slightly faster than previously thought, figures show.

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Markets cautious on Greece deal

European stock markets are cautious on Thursday's agreement by European leaders to give Greece another 120bn euros of support.

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