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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Bumper SSE results expected to provoke consumer outrage

Scottish & Southern Energy predicted to announce profits of up to £1.4bn at a time when many are struggling to pay their billsAccusations that the big energy firms are profiteering at the expense of UK households will be centre stage again on Wednesday if Scottish & Southern Energy, as expected, reveals bumper profits for a […]
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CVC battle for Betfair goes to the wire

Private equity firm CVC may be forced to raise its 880p-a-share offer to beat the deadline set by the Takeover PanelPrivate equity group CVC Capital Partners was last night hopeful of producing a last-minute improved offer for online betting exchange Betfair before a 5pm deadline on Monday .The deadline set by the Takeover Panel could […]
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Gay marriage: Tories seek referendum on same-sex weddings

More than 100 MPs may support call for referendum to allow public to vote on same-sex marriageA group of Conservative MPs has proposed a referendum to allow the public to vote on gay marriage in one of several amendments aimed at watering down the bill to legitimise same-sex weddings. More than 100 MPs may support […]
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UK service sector grows faster than expected

Forecast-beating Markit/CIPS PMI results boost hopes economy got off to steady start in second quarterHopes that Britain’s economy could be stabilising have been bolstered by data showing that services companies posted their strongest performance last month since the Olympics.Activity beat expectations with its strongest growth for eight months in the closely watched Markit/CIPS PMI survey […]
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Universal credit: the essential guide

The flagship policy in the government’s welfare reform programme is being piloted on 29 April and is due to go live nationally this October. Study the issue in depth and learn all you need to know about what happens next with our essential guide1. What is universal credit?2. How is the system different?3. When does […]
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Lucozade and Ribena up for sale

Sale of soft drink brands, which date back to 1927 and 1938, could net current owner GlaxoSmithKline £1bnLucozade and Ribena have been put up for sale in a move that could value them at £1bn.The popular soft drink brands, which date back to 1927 and 1938 respectively, were put on the block by their current […]
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Maze prison redevelopment expected to create 5,000 jobs

Site of Belfast jail, which once housed some of the world’s deadliest paramilitaries, to be turned into £300m peace centreFive thousand permanent jobs will be created on the site of the Maze/Long Kesh prison near Belfast that once housed some of the world’s most dangerous paramilitaries, developers predict.The Maze/Long Kesh Development Corporation has also promised […]
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Ofsted warns failing nurseries and childminders may be shut down

Education watchdog warns on pre-school failings amid fears that 250,000 children are being let down by inadequate careAlmost a quarter of a million children are being let down by inadequate nurseries and childminders, Ofsted will warn on Friday, with those in the most deprived areas most likely to be faced with poor care.The education watchdog’s […]
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Ofsted warns failing nurseries and childminders may be shut down

Education watchdog warns on pre-school failings amid fears that 250,000 children are being let down by inadequate careAlmost a quarter of a million children are being let down by inadequate nurseries and childminders, Ofsted will warn on Friday, with those in the most deprived areas most likely to be faced with poor care.The education watchdog’s […]
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