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Insurers' cash used to fund climate change

The UK's insurance industry is today accused of funding enviromentally threating research. The claim comes from the respected Ethical Consumer magazine. Its research shows that big insurers such as Aviva, Legal & General and LV= are funding major oil and gas exploration in the Arctic by investing in the firms whose activities risk widespread environmental disaster.

Asos defies downturn with festive sales surge

The online clothing retailer Asos has shrugged off the consumer downturn and eurozone crisis to report storming sales over Christmas. The surge in domestic sales at Asos, which delivers to 160 countries, was driven by its core twentysomething customers shopping more frequently, driven by lower prices on clothing and delivery charges.