House Prices Surge For Fourth Month In A Row

House prices rose for the fourth consecutive month in August, as Government schemes and improved mortgage lending continued to fuel the revival in the property market. Property values rose by 3.5% compared with a year ago, taking the average price for...

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Data Watchdog Warning Over Staff Home Working

The data watchdog has warned employers about security breaches caused by staff working from home, after it fined a council £100,000 for posting sensitive information about vulnerable children. The Information Commissioner's Office (ICO) hit Aberdeen...

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TUC Warning Over Future State Pensions

State pensions received over a lifetime vary by tens of thousands of pounds because of differing life expectancies and locations, according to a new report. The study by the Trade Unions Congress (TUC) showed that women in their late forties living...

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Shelter: 1.8m Priced Out Of Housing Market

Almost two million families in the UK are unable to climb on to the property ladder and are being forced to rent according to new research. Charity Shelter says that rising house prices have created a generation of 'forgotten families' and that the...

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Co-op Reports £559m Loss Due To Bank Troubles

The Co-operative group has announced a half-year pre-tax loss of £559m amid a writedown of £496m on loans at its troubled banking arm. The Co-operative Bank alone made a pre-tax loss of £709.4m in the six months to June and the group said there...

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Vodafone Confirms '$100bn' Verizon Sale Talks

Vodafone has confirmed it is in talks with Verizon Communications about selling its stake in their joint US venture, potentially worth more than $100bn (£64.5bn). The FTSE 100-listed firm owns a 45% stake in Verizon Wireless - America's largest mobile...

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Private Healthcare: Patients 'Paying Too Much'

An investigation by the Competition Commission (CC) has found most patients pay too much for private healthcare. The provisional findings of the inquiry into the £5.5bn sector - dominated by three firms - could lead to the sell-off of up to 20 individual...

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G4S To Raise £600m To Cut Debt Pile

G4S, the security firm whose reputation was badly damaged by its failure to deliver enough staff to cover its London Olympics contract, has announced plans to raise £600m to cuts its debt pile. The company said it planned to sell shares and assets and...

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Ryanair Ordered To Sell 25% Of Aer Lingus Stake

Ryanair has been ordered to sell nearly 25% of its shares in Aer Lingus. The Competition Commission said the budget airline must cut its stake in its Irish rival from 29.8% to 5%. Ryanair said it will appeal against the decision to the UK Competition...

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Countryside Fears Over Solar Energy Growth

By Emma Birchley, East of England Correspondent Rural campaigners say the push to generate green energy through giant solar farms is having an unacceptable impact on Britain's rural landscape. Developments like Burntstalks Solar Farm in Norfolk,...

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Post Office Staff In Fresh Wave Of Strikes

Workers at Crown post offices are staging a fresh wave of strikes in a five-month row over jobs, pay and closures. A UK-wide stoppage is being held today, staff in Scotland will strike on Monday, and union members in England, Wales and Northern Ireland...

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Britain Is Boom Destination For Tourists

By David Crabtree, Midlands Correspondent A record number of visitors are choosing the UK as a holiday destination following the success of the 2012 London Olympics. There were almost 2.9 million tourists in June, a record for the month, according...

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Countryside Fears Over Solar Energy Growth

By Emma Birchley, East of England Correspondent Rural campaigners say the push to generate green energy through giant solar farms is having an unacceptable impact on Britain's rural landscape. Developments like Burntstalks Solar Farm in Norfolk,...

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Post Office Staff In Fresh Wave Of Strikes

Workers at Crown post offices are staging a fresh wave of strikes in a five-month row over jobs, pay and closures. A UK-wide stoppage is being held today, staff in Scotland will strike on Monday, and union members in England, Wales and Northern Ireland...

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Britain Is Boom Destination For Tourists

By David Crabtree, Midlands Correspondent A record number of visitors are choosing the UK as a holiday destination following the success of the 2012 London Olympics. There were almost 2.9 million tourists in June, a record for the month, according...

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Microsoft Boss To Leave Amid 'New Direction'

Microsoft Revamp Amid PC Decline Updated: 3:28pm UK, Friday 23 August 2013 By Thomas Moore, Sky News Science Correspondent Microsoft has struggled as the PC market has declined. Five years ago more than 90% of computers ran a version of the Windows...

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Countryside Fears Over Solar Energy Growth

By Emma Birchley, East of England Correspondent Rural campaigners say the push to generate green energy through giant solar farms is having an unacceptable impact on Britain's rural landscape. Developments like Burntstalks Solar Farm in Norfolk,...

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Post Office Staff In Fresh Wave Of Strikes

Workers at Crown post offices are staging a fresh wave of strikes in a five-month row over jobs, pay and closures. A UK-wide stoppage is being held today, staff in Scotland will strike on Monday, and union members in England, Wales and Northern Ireland...

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Bank Holiday Discounts: Warning From Watchdog

The consumer watchdog has urged shoppers to quiz carpet and furniture retailers before they buy this long weekend - after it found some used artificially high prices to exaggerate sales and price cuts. The Office of Fair Trading (OFT) is investigating...

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Pump Sales Slump Amid Summer Price Hike

A surge in pump prices led to last month's petrol and diesel sales crashing to winter levels, according to a motoring group's analysis of Government figures. The AA said drivers bought nearly 1.48 billion litres of petrol in July 2013 - an 8% fall on...

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UK GDP Revised Upward In Second Quarter

UK GDP output for the second quarter of 2013 has been revised upwards, according to officially released figures. The Office for National Statistics (ONS) said the economy grew by 0.7% in the three months. The ONS gross domestic product (GDP) figure...

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UK Vehicle Production 'Hits The Skids'

A sharp fall in the manufacture of commercial vehicles in the UK is being part-blamed on the closure of Ford's Transit plant in Southampton. While car production accelerated ahead last month, the production of commercial vehicles including vans tumbled...

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Markets Feel Pain Over Cheap Money Addiction

Financial pain is being felt world-wide as the US Federal Reserve remains on track to ease its economic stimulus programme from as early as next month. Minutes from the Fed's last meeting confirmed that some policymakers were in favour of immediately...

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Millions To Share £1.3bn Bank Compensation

CPP Mis-Selling Scandal Q&A Updated: 11:27am UK, Thursday 22 August 2013 As the UK's battered financial services industry prepares to tell seven million people they may have been the victim of the latest mis-selling scandal, here are some answers...

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Sale Of Businesses Generates £500m For Lloyds

Lloyds Banking Group has sold off more than £500m of non-core assets as it seeks to strengthen its financial position and meet regulatory capital requirements. The bank, which is 39% owned by the taxpayer following a financial bailout in 2008, has sold...

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Surprise Deficit In July A Blow To Osborne

Official figures have revealed a surprise deficit in the UK's finances for July as the Government struggles to rein in spending. The Office for National Statistics (ONS) showed a £62m shortfall for July this year, compared to a £823m surplus in the...

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Court Approves Plan To End Kodak Bankruptcy

Fallen photography giant Kodak could emerge from bankruptcy after a court in the US approved a plan to reorganise the iconic company. The plan permits Kodak to reduce its debt and divest its film and printing business, among other steps, to reemerge...

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Men Get Bigger Bonuses As Gender Pay Gap Widens

Average bonuses for male managers were twice as much as those of their female counterparts last year, according to new research. The Chartered Management Institute (CMI) said the gender pay gap was widening as a result of bonuses. Last year male managers...

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Gary Bolton Jailed Over Fake Bomb Detectors

A businessman has been sentenced to seven years in prison for making and selling fake bomb detectors. Gary Bolton, 47, made millions of pounds selling the devices around the world, boasting they could detect explosives, drugs, ivory, tobacco and even...

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Mortgage Lending Up By Nearly A Third

Mortgage lending was up by 29% in July compared to the same month last year, new figures show. The Council for Mortgage Lenders (CML) said that total gross lending increased to £16.6bn in July, up from £14.8bn in June. It is the highest monthly estimate...

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Housing Market: Builder Plots Acceleration

The boss of Bovis Homes has told Sky News the company is to step up its building of new houses as the market recovery gathers pace. David Ritchie was speaking after the builder posted a 19% increase in first half pre-tax profit to £18.6m. It said that...

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CBI Lifts Growth Forecast Amid Optimism

The CBI has lifted its forecast for economic growth for this year from 1% to 1.2% amid signs of a pick-up in business confidence. Optimism about performance across the services, construction and manufacturing sectors has added to hopes that the recovery...

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Tesco Fined Over Strawberry Promotion

Tesco has been fined £300,000 for misleading customers over a strawberry promotion. ...

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Mortgages 'Most Affordable For 14 Years'

By Nick Martin, News Correspondent Mortgages are more affordable now than at any time in the past 14 years, according to the latest figures. Monthly payments now account for 27% of a new borrower's income in the second quarter of 2013, well below...

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A £350m Donation To Nation That Can't Be Used

An unspent donation made to the Government 85 years ago, which is now worth £350m, cannot be touched because it won't fulfil conditions of its use - paying off the national debt. The anonymous donation of £500,000 was made in 1928 and established a...

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Swedes Plot £1bn Swoop For UK Manufacturer

By Mark Kleinman, City Editor Another slice of Britain's industrial base is poised to fall into European hands with a near-£1bn takeover of Edwards Group, a Sussex-headquartered high-tech manufacturer. Sky News can reveal that Edwards, which is...

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Online Gambling Firms To Pay 15% Tax In UK

Online betting companies based in offshore havens to sidestep Britain's gambling taxes will be hit with a new levy that may raise £300m for the taxpayer. The Government is to impose a 15% tax rate on operators in the £2bn remote gambling market. The...

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City Investors Bank On £55m RBS Branch Payout

By Mark Kleinman, City Editor A consortium of City investors vying to buy 315 branches from Royal Bank of Scotland is in line to receive £55m in annual interest payments from the state-backed lender - even before they complete a deal. Under the...

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