Post Office Staff On Strike Over Closures

Thousands of staff in the country's biggest post offices are striking in a row over jobs, pay and closures. Members of the Communication Workers Union (CWU) in around 370 so-called Crown offices were mounting picket lines in protest at plans to close...

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Cyprus Bank Deposits 'To Lose 60% Of Value'

Savers with more than 100,000 euros in the Bank of Cyprus could lose up to 60% of their deposits, two senior officials have warned. The Central Bank official and the Finance Ministry technocrat said sums held at the country's largest lender will ...

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Cyber Currency Surge Amid Eurozone Crisis

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual...

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Weather: Economy Hit By Spring Snowstorm

By Nick Martin, Sky News Correspondent Britain's fragile economy has been hit hard as a result of the spring snowstorm with some businesses reporting a slump in trade. Some high street retailers say the cold snap kept customers away during what...

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Cyprus Banks: President Makes Rallying Call

Cyprus' president has called on the country to "share the burden" of its financial crisis - as bank withdrawal limits remained at 300 euros. President Nicos Anastasiades made a rallying call for understanding as queues formed outside banks on the Mediterranean...

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Cyber Currency Surge Amid Eurozone Crisis

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual...

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Deloitte Boss Blames Law For Tax Avoidance

The chief executive of one of the big four accountancy firms, Deloitte, has blamed UK law for the money lost as a result of tax avoidance. Speaking on Jeff Randall Live, David Sproul admitted that the problem with the tax system is "mainly the law"....

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Weather: Economy Hit By Spring Snowstorm

By Nick Martin, Sky News Correspondent Britain's fragile economy has been hit hard as a result of the spring snowstorm with some businesses reporting a slump in trade. Some high street retailers say the cold snap kept customers away during what...

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Facebook: Frank Gehry Campus Gets Approval

Facebook has been given permission to go ahead with Frank Gehry's vision for a second campus at its California headquarters. Facebook founder Mark Zuckberg met Gehry (left) during the design stage Thousands more people will be employed at the Menlo...

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TV Dragon Breathes New Life Into Jessops

TV Dragon Peter Jones has told Sky News he is taking a risk by relaunching collapsed high street camera chain Jessops but will give it his "best shot". The entrepreneur snapped up the brand when the company went into administration in January with debts...

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RBS: Another IT Glitch Hits Customer Accounts

Royal Bank of Scotland has suffered another IT failure which has affected two million of the group's customers ahead of the Easter weekend. Users of the NatWest, RBS and Ulster Bank mobile app found they were locked out of the service from early this...

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Cyprus Banks Reopen With Capital Restrictions

By Tom Parmenter, Sky News Correspondent in Cyprus Cyprus' banks have opened their doors after the longest enforced bank holiday in Europe's history. Queues grew outside branches across the country, with no signs of panic as employees limited the...

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Holiday Bookings Up As Wintry Weather Lingers

Britons have been rushing to book sunshine holidays in the wake of record summer rainfall and prolonged wintry weather, according to Europe's biggest tour operator. TUI Travel told investors summer bookings were up by 9% in the UK over the six months...

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Vince Cable Attacks Bank Capital Ruling

By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has attacked plans to force Britain's banks to raise up to £25bn to strengthen their balance sheets, warning that it would slow the pace of economic recovery. Speaking exclusively...

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Banks Warned Over £25bn Capital Shortfall

Cable Attacks Bank Capital Verdict Updated: 10:50am UK, Wednesday 27 March 2013 By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has attacked plans to force Britain's banks to raise up to £25bn to strengthen their balance sheets,...

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Cyprus Crisis: Banks Shut Until Thursday

The closure of Cypriot banks has been extended until Thursday, despite the bailout deal with Brussels to avert the nation going bankrupt. Depositors had been told that banks, with the exception of the two biggest lenders Bank of Cyprus (BoC) and Laiki,...

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Cyprus Facing 30% Unemployment Amid Crisis

By Tom Parmenter, Sky Correspondent, in Nicosia Cyprus is facing a recession so deep that 30% of people may find themselves unemployed. The EU bailout means massive restructuring of the financial system, the inevitable loss of many investors and...

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Virgin 'To Bid For' East Coast Rail Line

The Department for Transport has invited companies to bid for the East Coast rail franchise, which is expected to be privatised in less than two years. Virgin is expected to be among the parties interested in taking over the key line, which runs between...

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Eurostar Profit Boosted By More Foreigners

A boost in the number of non-EU passengers helped Channel Tunnel high-speed train company Eurostar more than double operating profits last year. Carrying an increased number of American, Brazilian and Australian travellers, Eurostar saw its operating...

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India Car Ads: Ford Sorry Over Women In Boot

Ford has apologised after car adverts in India showed women bound and gagged in the boot of vehicles. The car manufacturer said it "deeply regretted" a series of adverts for the India-manufactured Ford Figo.  One of the adverts shows a cartoon...

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Cyprus Bailout Deal Wins Eurozone Approval

Deposits above 100,000 euros (£85,000) in the Bank of Cyprus will be hit with a levy of "around 30%" under the EU bailout deal, a government official has confirmed. Spokesman Christos Stylianides told state radio that the charge would be paid as the...

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Gas Stockpile Drain Prompts Price Rise Fears

Britain has drained its gas reserves so much after weeks of bad weather that fears have been raised of a looming spike in energy prices. Households have been forced to increase their heating usage as the freezing weather continues, pushing the demand...

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Thousands Of Jobs Saved As Blockbuster Bought

The troubled DVD and games rental chain Blockbuster has been bought, saving 2,000 jobs and 264 UK stores. Administrators from accountants Deloitte said restructuring specialists Gordon Brothers Europe had purchased the company for an undisclosed sum....

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Cyprus Agrees 20% Tax On Bank Deposits

Politicians in Cyprus have reportedly agreed a new one-off levy on savers in order to secure a European bailout. The measures, yet to be confirmed by the country's President, include a 20% tax on savers with deposits over 100,000 euros at the country's...

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Gas Stockpile Drain Prompts Price Rise Fears

Britain has drained its gas reserves so much after weeks of bad weather that fears have been raised of a looming spike in energy prices. Households have been forced to increase their heating usage as the freezing weather continues, pushing the demand...

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City Titans Back Crunch Stock Market Probe

By Mark Kleinman, City Editor The City's most powerful investor group is launching a probe into the effectiveness of Britain's stock markets amid deepening concern that 'short-termism' is damaging the country's wider economic interests. I have...

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Cyprus Leaders Head To Brussels For Talks

Cyprus Bailout: Threat To Savings Updated: 7:36am UK, Saturday 23 March 2013 By Ashish Joshi, Sky News Correspondent Finally late into Friday night - an agreement on Plan B, meaning Cyprus has moved one giant step towards securing a Brussels bailout....

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Gas Stockpile Drain Prompts Price Rise Fears

Britain has drained its gas reserves so much after weeks of bad weather that fears have been raised of a looming spike in energy prices. Households have been forced to increase their heating usage as the freezing weather continues, pushing the demand...

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Cyprus Delays Bailout Vote Amid Russian Rebuff

An emergency session of the Cyprus parliament to race through a raft of bills aimed at raising billions of euros to secure an international bailout has been delayed, according to local media. The session, which was to have started at 8.00am GMT, was...

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Investors To Deliver Peace Time Ultimatum

By Mark Kleinman, City Editor Two leading shareholders in Standard Chartered, the emerging markets bank, are poised to issue an ultimatum about the future of Sir John Peace, its chairman, following an embarrassing climbdown over US sanctions-busting...

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Cyprus Handed ECB Ultimatum On Bailout

Cyprus Asks Russia For Help Updated: 9:32am UK, Thursday 21 March 2013 The vote rejecting the EU offer had hardly been cast before Cyprus's finance minster was in the air. Michael Sarris dashed to Moscow in a desperate search for another bailout plan...

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Budget: George Osborne Defends Economic Plans

George Osborne has defended his Budget as he pointed to Cyprus and warned Britain's problems "could be a lot worse". In an interview on Sky News, the Chancellor insisted the public understood he had to take tough decisions to secure the country's future....

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Retail Sales Rebound In February

Strong demand for tablets have helped retail sales increase by more than expected in February. Excluding fuel, retail sales rebounded by 1.9% when compared to January, and by 3.3% on the year, according to the Office for National Statistics (ONS). ...

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Exclusive: Barclays Risks New Bonuses Row

By Mark Kleinman, City Editor Barclays will risk stoking fresh anger over bank pay on Wednesday when it releases details of share awards worth millions of pounds to its top executives. I have learnt that the bank will make a stock exchange announcement...

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