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Retail sales fall for second month in April

LONDON (Reuters) - Retail sales values fell for a second consecutive month in April, a survey showed on Tuesday, suggesting tighter credit conditions and rising household bills are forcing consumers to tighten …

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Retail sales fall for second month in April

House prices weakest since 1978

LONDON (Reuters) - House prices fell in every region in April with surveyors reporting the widest margin of decline in at least 30 …

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House prices weakest since 1978

Oil falls from record high on China demand worries

NEW YORK (Reuters) - Oil fell from a record high over $126 a barrel on Monday as a dip in crude oil imports into No. 2 consumer China stirred concerns high prices were eating into demand.

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Oil falls from record high on China demand worries

RBS gets interest for insurance

LONDON (Reuters) - Potential suitors have shown an interest in Royal Bank of Scotland’s insurance business and will shortly receive a sales memorandum that will be followed by an auction process, the bank said on Monday.

RBS gets interest for insurance

Oil slips from record high on China demand worries

NEW YORK (Reuters) - Oil slipped from a record high over $126 a barrel on Monday as a dip in crude oil imports …

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Oil slips from record high on China demand worries

FTSE gains as HSBC buoys banks

LONDON (Reuters) - Blue-chip shares ended Monday’s session in positive territory as crude oil holding near record highs helped energy stocks, while an HSBC update supported the banking sector.

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FTSE gains as HSBC buoys banks

Mortgage lenders tightened credit in April

LONDON (Reuters) - Mortgage lenders tightened credit terms last month despite a cut in official interest rates, Bank of England data showed on Monday.

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Mortgage lenders tightened credit in April

Northern Rock warns on arrears

LONDON (Reuters) - Troubled Northern Rock, nationalised earlier this year, boosted savings in the first quarter and kept to plans to radically shrink mortgage lending, but warned of rising arrears in an uncertain home market.

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Northern Rock warns on arrears

HSBC profit up but bad-debts jump

LONDON (Reuters) - Europe’s biggest bank, HSBC Holdings, said its profit in the first quarter beat a year ago as growth in Asia helped counter some $5 billion (2.6 million pounds) in hits from bad debts on U.S. home loans and asset writedowns.

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HSBC profit up but bad-debts jump

Government faces pension-fund challenge

LONDON (Reuters) - The government faces a legal challenge over tax on pension funds, which if successful, could see hundreds of million of pounds returned …

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Government faces pension-fund challenge