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Evening Wrap: today's top business stories

News stories from around the web.


China launches investigation into EU wine exports (FT)

China has launched a trade investigation into European wine exports, in apparent retaliation for Europe’s proposed tariffs on Chinese solar panels, sharply escalating the dispute between two of the world’s largest trading partners.

Green measures will only save £31 by 2020, says official consumer protection body (Telegraph)

Government estimates of the savings that will be made on household energy bills from its green measures have been dismissed as "unduly optimistic".

UK services sector in fastest growth since March 2012 (BBC)

The UK's services sector, which accounts for around 75% of the economy, grew at its fastest rate since March 2012, new data suggests.

Man Group shares tumble after steep losses by flagship AHL fund (FT)

Shares in the Man Group, the world’s second largest hedge, tumbled as much as 15 per cent in morning trading in London after steep losses for the company’s flagship fund.

People with electric heating 'to pay £282 more' a year (BBC)

Millions of people who use electricity to heat their homes may have to pay £282 more a year by 2020, it is being claimed.