
Flybe reveals revenues pressure
Airline Flybe has posted flat revenues in the UK as it highlighted the tricky conditions that caused its shares to hit turbulence last month.
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The latest business news headlines
A hike in Barclays dividend has helped its shares advance despite reporting a 3% drop in pre-tax profits to £5.9 billion.
Barclays boss Bob Diamond hailed the bank's UK lending record as he claimed: "We really got on our horses to get businesses going."
The UK's banks missed targets for lending to smaller businesses in 2011 by more than £1 billion, according to new figures.
Struggling electricals chain Comet is poised to cut 450 jobs in a drive for the "significant savings" needed to safeguard its future.

Airline Flybe has posted flat revenues in the UK as it highlighted the tricky conditions that caused its shares to hit turbulence last month.
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Asian stock markets dropped today after Europe's finance ministers demanded more spending cuts from Greece before clearing a 130 billion euro bailout to stave off the country's bankruptcy.
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Lehman Brothers Holdings is suing several units of Citigroup to recover 2.5 billion US dollars it transferred to a back-up account at Citi months before seeking bankruptcy court protection.
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Thousands of jobs will be lost unless the Government halts plans for a "punitive" tax rise on beer, industry leaders have warned.
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The stock market finally got a deal in Greece, but it did not produce much of a rally.
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Britain's economic recovery is being held back by a lack of women in the boardroom, David Cameron has warned.
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