Listen LUV, that’s enough acronyms

Sir Martin Sorrell. Sir Martin Sorrell, the chief executive of WPP, now reckons the recovery will be LVV-shaped – with western Europe bumping along the bottom, but the US and emerging markets enjoying a sharp rebound. That is a variant on his earlier LUV-shaped and “bath-tub”... 

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UK public finances begin to improve

An improvement in public finances has been brought about by an increase in tax receipts, the Treasury says. Photograph: Cate Gillon/Getty Signs of improvement in Britain’s public finances emerged today when the government revealed that borrowing in July was down on the same month in 2009. Figures... 

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Retail sales figures flatter to deceive | Larry Elliott

Do July retail figures flatter to deceive? Photograph: Andy Rain/EPA The strength of today’s figures for high street spending caught all analysts by surprise. With consumer confidence wilting, house prices edging back downwards, prices rising and the threat of public spending cuts looming... 

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Interest rates mixed at weekly Treasury auction

Interest rates on shortterm Treasury bills were mixed in Monday's auction with rates rates mixed at weekly Treasury auction Breaking News Business $M bailInterest rates mixed at weekly Treasury auction...

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HTML5 version of YouTube launches for mobiles

Phones using Android should be able to access YouTube more quickly with HTML5. Photograph: Robert Galbrait /Reuters Mobile users in the UK, Europe and Middle East can now access an HTML5 version of Google’s YouTube video site, speeding up access for those accessing it via iPhones,... 

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