House Prices Show Surprise 0.5% Rise In UK

House prices in Britain have risen by more than expected in January, putting a halt to their annual decline, according to Nationwide. But the building society stressed that low numbers of first time buyers - which account for around 40% of all housing...

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Ryanair Loses EU Fight Over Ash Cloud Row

By Robert Nisbet, Europe Correspondent A court has ruled Ryanair flouted EU law by refusing to pay out cash to a customer left stranded by the Icelandic volcanic ash cloud three years ago. Denise McDonagh from Ireland was due to fly back to Dublin...

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FSA Reveals Scale Of New Mis-Selling Scandal

Britain's biggest banks could be facing a bill running into billions of pounds for the latest mis-selling scandal to hit the industry. The city regulator, the Financial Services Authority, has been investigating interest rate swaps, a complex financial...

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Fuel Prices: Cost At Pump 'Is Fair'

The UK road fuel sector is "working well" according to a report into the the UK's £47bn market by the Office of Fair Trading. The regulator said high prices at the pumps were because of increasing crude oil prices and taxes - not a lack of competition....

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Exclusive: Ex-HMRC Head Joins HSBC Crime Fight

By Mark Kleinman, City Editor HSBC is to recruit a line-up of heavyweight figures including Britain's former top taxman to oversee a new effort to combat financial crime following the bank's $1.9bn settlement of money-laundering allegations late...

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Tax Deadline: 1.8m Still To File Returns

By Pete Norman, Sky News Online Nearly two million people have still to file their self-assessment tax returns before tomorrow's deadline, Sky News has learned. Although a total of 8.8 million returns have so far been filed, a further 1.8 million...

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Yahoo! Reveals Search Focus As Revenue Rises

Yahoo! has reported better than expected results for the fourth quarter as it outlined plans to boost its search engine. Strong search advertising sales helped revenues at the internet company grow for the first time in four years - by 2% year-on-year...

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French City Sells Off Its Wine Cellar For Aid

A French city has sold off thousands of bottles of treasured wine from its cellar to help pay for local social services. Dijon auctioned 3,500 bottles of Burgundy and raised 151,620 (£130,000) for its emergency aid for social action. The sale was authorised...

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Demand For High Street Shops Is Falling

Demand for retail space continues to drop, according to new research, fuelling fears about the future of the UK's high streets. Rental values are also predicted to fall further as the amount of unoccupied floor space rises, a survey by the Royal Institution...

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Dreamliner: Checks Fail To Find Battery Fault

Boeing 787 Dreamliner Timeline Updated: 10:17am UK, Monday 28 January 2013 The turbulent history of the Boeing 787 Dreamliner: Jan 30, 2013: Amid revenue loss forecasts of $500m to $5bn, Boeing CEO to address investors. Jan 28, 2013: Investigators...

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Toyota's Record Sales Make It Top Carmaker

Toyota has reported vehicle sales of 9.75 million in 2012 - an increase of more than 22% on the year before. The Japanese company beat its own estimate - of around 9.7 million cars - to overtake rivals General Motors (GM) and Volkswagen to become world's...

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Pensions Schemes Shut 'At Fastest Rate Ever'

Companies have closed final salary pension schemes to new staff at the fastest rate on record, according to new research. The National Association of Pension Funds (NAPF) said only 13% of final salary pensions were open to new joiners last year, a fall...

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UK GDP Falls By 0.3% In Last Quarter

How GDP Is Compiled Really Matters Updated: 10:21am UK, Tuesday 27 November 2012 By Ed Conway, Economics Editor I've covered economics for a decade or so, but I confess that until very recently I didn't really know what GDP really is. I mean,...

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EasyJet Chair Rake In Departure Lounge

By Mark Kleinman, City Editor The chairman of easyJet, Britain's biggest airline by passenger numbers and revenues, is to step down this summer after a four-year tussle with the company's founder over its fleet size and strategy. Sir Mike Rake...

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Payday Loan Sites' Dirty Tricks To Boost Traffic

By Jason Farrell, Sky Correspondent A Sky News investigation has found that some payday loan brokers have benefitted from hacking into websites to divert the history and status of a legitimate business to their domain. This increases their ranking...

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UK GDP Falls By 0.3% In Last Quarter

How GDP Is Compiled Really Matters Updated: 10:21am UK, Tuesday 27 November 2012 By Ed Conway, Economics Editor I've covered economics for a decade or so, but I confess that until very recently I didn't really know what GDP really is. I mean,...

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BlackBerry Crumble? New Phones May Save Brand

BlackBerry's latest smartphones could see it return to glory after several years in decline, according to experts. Parent company Research In Motion (RIM) plans to launch two handsets, the Z10 and X10 on Wednesday. Pictures leaked online purporting...

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Latest GDP Drop Puts Pressure On Osborne

A lot of people suspected the news would not be good. It turns out it was even worse than expected. Britain's economy is shrinking once again - and far deeper into negative territory than was anticipated. That 0.3% decline in the fourth quarter of...

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Samsung Q4 Profits Surge 76% Over Smartphones

Samsung has seen its quarterly profits soar by 76%, boosted by the popularity of its Galaxy smartphones, which have outsold the iPhone for a fourth straight quarter. Net profit for the final quarter of 2012 totaled 7.04 trn South Korean won (£4.1bn),...

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Beer Sales Slump Blamed On Tax Policy

Beer sales in Britain have plunged for the eighth year in a row. Figures show that 381 million fewer pints were drunk in 2012 compared to the year before. And the British Beer and Pub Association (BBPA) blames the Government's "damaging" tax policy....

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UK GDP Falls By 0.3% In Last Quarter

The UK's national output has fallen by 0.3% in the fourth quarter, according to the Office for National Statistics. The contraction of gross domestic product (GDP), which was worse than most forecasts, compared to a 0.9% rise in the previous three months....

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Wake Up On Tax, Cameron Tells Companies

David Cameron has declared that companies who want to do business in Britain must pay their fair share of tax in a strident speech at Davos. The Prime Minister said abuse of tax systems was "an issue whose time has come" and that he wanted to make sure...

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Sony Fined Over Playstation Hack Attack

Sony has been fined £250,000 by the data watchdog over a cyberattack breach that compromised the personal information of millions of PlayStation users. The Information Commissioner's Office (ICO) issued the penalty after it found the attack on the Sony...

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Spain: Unemployment For Under 25s Hits 60%

Unemployment in Spain for people under the age of 25 has now reached 60%, according to officially released figures. Overall, Spain's unemployment rate has risen to its highest level since measurements began in the 1970s, as a prolonged recession and...

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Google Sees Its Annual Revenue Top $50bn

Search giant Google has hit a new annual revenue high and an increase in profit, despite ploughing more money into developing smartphone and tablet technology. "We ended 2012 with a strong quarter," Google co-founder and chief executive Larry Page said....

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JP Morgan Boss Says Sorry For 'London Whale'

The boss of JP Morgan has apologised for the $6bn (£3.8bn) loss caused to the investmet bank by the so-called London Whale trades. JPMorgan Chase & Co chief executive Jamie Dimon said sorry to shareholders, calling it a "terrible mistake," but said...

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Unemployment: UK Jobless Total Down 37,000

Unemployment fell by 37,000 in the three months to the end of November, with the total figure of those out of work standing at 2.49 million. The number of people claiming jobseeker's allowance last month also fell by 12,100 to 1.56 million, the Office...

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TweetDeck: Twitter Bosses Sent Closure Letter

By Pete Norman, Sky News Online Sky News has obtained a letter sent to one of Twitter's UK companies by the business regulator, giving it written warning of impending closure. Cardiff-based Companies House sent the letter to the two American directors...

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Public Sector Net Borrowing Up By £600m

Public sector net borrowing rose to £15.4bn in December - £600m higher than in the same month in 2011. The Office for National Statistics (ONS) data, which excludes financial interventions like bank bailouts, were slightly higher than the £15.2bn expected...

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HMV: Hilco Throws Lifeline To Retail Chain

Retail restructuring group Hilco UK has acquired the debt of HMV, effectively giving it control of the administrator-managed entertainment chain. ...

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Dreamliner Fire: Investigation Widened

Boeing 787 Dreamliner Timeline Updated: 1:50am UK, Saturday 19 January 2013 The turbulent history of the Boeing 787 Dreamliner: Jan 19, 2013: Boeing says it is stopping deliveries of the Dreamliner to airlines. Jan 18, 2013: US Federal Aviation Administration...

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Corporation Tax Bill Shrinks At Top Companies

Tax Office Moves To Wind-Up Late Pay Firms Updated: 11:33am UK, Monday 21 January 2013 HM Revenue and Customs' attempts to shut down companies which are late to pay tax have jumped by 57% in a year, according to a new survey. Business advisory firm...

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