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Britain’s economy shrunk by 0.2% in the fourth quarter of 2011. Another negative result this quarter would put the economy back in official recession – two consecutive quarters of contraction – for the second time in three years. Public sector net debt reached the £1trn mark – 64% of GDP. Telegraph
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Over the past decade, the ten biggest pay-offs for retiring American CEOs have cost shareholders more than $2.4bn. Jack Welch of General Electric leads the pay-off list with $417m. [HYPERLINK "http://tenltd.createsend1.com/t/r/l/iultlry/otiujduly/s/"more]
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Starbucks UK revealed that it will invest £8m in refurbishing an additional 70 London stores ahead of this summer's Olympic Games, including six more high-profile renovations at shops in the capital's West End and City. Independent
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Facebook now stands at 800 million users worldwide. The company doesn't release an official statistic for how many updates are posted each day - but a survey of British users found that the average user posts once per day, with an average length of two lines. Mail
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Male house mice sing like birds to serenade their mates, a study has found. But don't expect to catch a performance in your kitchen - their high-pitched soprano voices are beyond the range of human hearing. Austrian scientists made the discovery after slowing down the ultrasonic courtship calls of mice to study them. They found that mouse music bore a "striking" similarity to birdsong. Press Association
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Jude Law received £130,000 in damages from News Group, owner of the News of the World, which hacked into his phone. This was the hightest award of the 36 phone-hacking settlements. FT
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The family behind the 99p Stores chain announced that they are hoping to sell their 150 stores for £60m. Nadir Lalani opened the first shop in Holloway, north London, ten years ago. He put it up for sale last year, asking £80m, but has been forced to drop the price. Guardian
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The Treasury will save £8m annually by introducing new 5p and 10p coins made from steel rather than copper and nickel. The metal in a 10p piece currently costs 4.5p per coin. Steel costs one-fifth of a penny per coin. BBC
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Upmarket publisher Debretts is releasing a guide to help couples going through divorce. The Debretts Guide to Civilised Separation has tips on how to break the news to friends, and how to survive social events with your ex. Observer
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A new poll has found that just one in five children regularly play outside. The study also found that one in three has never climbed a tree, one in ten has never ridden a bike. Play England
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