Our top news of the day:
- Twitter shuts down first official Al Qaeda account after five days
- Millionaire ICAP boss denied peerage, despite Cameron nomination
- Google paid less than £12m in corporation tax in 2012
- £35m Mayfair home could be knocked down and replaced with £65m pad
- Directory service 118 118 launches unsecured loans business
The best of the news found elsewhere:
Work for benefits announced
George Osborne has announced new conditions for the long-term unemployed under the government’s “tough love” banner. From April, people who are jobless after undergoing the work programme could have to do community work or face losing benefits.
Help to buy scheme brought forward
A scheme designed to help people across the UK take out 95% mortgages is being extended to cover older properties, three months earlier than planned.
DFS heads for IPO
Following a successful year in which the furniture giant posted an 8% growth in sales for the nine months ending April, DFS is gearing up to float on the London stock exchange.
London named top financial centre in world
London remains the world’s premier centre for financial services despite a fall in its ratings due to reputational issues.
Post office workers strike
Up to 4,000 staff at some of the UK’s largest post offices have begun their latest strike over jobs, pay and closures.