Zynga lays off 580 employees

Social gaming company behind FarmVille is also closing offices in New York, Dallas and Los Angeles to save $80m a year Zynga, the social gaming company behind CityVille, Words With Friends and Draw Something, is laying off 580 people and closing offices in New York, Dallas and Los Angeles. The gaming firm shares have fallen […]
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RBS bankers receive £2.7m in shares as bonus

Four top bankers share bonus pot, but chief executive and finance director miss performance targetsFour top bankers at Royal Bank of Scotland have been handed £2.7m in shares from bonuses that were awarded to them by the bailed-out bank three years ago.The largest award was handed to Ellen Alemany, the outgoing head of the US […]
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New Co-operative Group head endures rocky start at annual general meeting

Euan Sutherland makes short address to delegates in Manchester – but no sign of departing head Peter MarksThe new chief executive of the Co-operative Group endured a tense annual general meeting on Saturday, as he faced questions over the group’s beleaguered bank.Around 250 delegates from across the country filed into New Century House to meet […]
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Should Chris Huhne be able to resume his life in politics?

Chris Huhne, former Liberal Democrat MP and minister, has been released from prison. Should he be allowed to start again where he left off?Sir Edward Garnier QC, Conservative MP for Harborough and solicitor general 2010-12In Chris Huhne’s case, his career in the House of Commons is finished. That is not to say that his ability […]
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Richemont chairman Johann Rupert to take ‘grey gap year’ from September

Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupThe billionaire chairman and founder of the company behind Cartier watches and Montblanc fountain pens is to take a “grey gap year” to read books and possibly travel to Antarctica.Johann Rupert, 62, said he would be taking a year’s sabbatical from Swiss […]
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Marks & Spencer’s deadline to find wow factor looms | Analysis

Marc Bolland needs next year’s spring collections to sparkle, writes Nils PratleyA glorious autumn for Marks & Spencer? It had better be if Marc Bolland, the chief executive, is to keep his job. Actually, the Dutchman needs next year’s spring collections to sparkle too if he is to convince the City he is still the […]
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Climate change sceptic to advise David Cameron on foreign policy

Appointment of Peter Lilley, one of only four MPs to vote against Climate Change Act, criticised by green campaignersOne of the government’s fiercest climate change sceptics has been appointed to advise the prime minister on key foreign policy issues, in a move that has angered green campaigners.Peter Lilley, a former minister under Margaret Thatcher and […]
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Superdry praises team for sales boost

Full-year like-for-like sales at the group behind Superdry were up 14.7% to £360m, helped by sales in the 13 weeks to April that rose 15.3% to £86.8mSuperdry, the British fashion label favoured by celebrities including David Beckham and Nicole Scherzinger, has had a boost in sales thanks to its new management team, according to its […]
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Most senior woman at RBS retires

Ellen Alemany, 57, could walk away with millions when she leaves the US operations of the bailed out bank in OctoberThe most senior woman at Royal Bank of Scotland is to retire from the US operations of the bailed out bank in October – and could walk away with millions of pounds.Ellen Alemany is the […]
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Nadine Dorries returns to Tory benches

Conservative’s suspension ends after she apologises for taking leave to appear on I’m a Celebrity, Get Me Out of HereNadine Dorries has been reinstated as a Conservative MP after having the whip withdrawn for taking part without permission in the ITV reality show I’m a Celebrity … Get Me Out of Here!The MP for Mid […]
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