House Prices Rise At Slowest Pace For A Year

UK house price growth eased to its weakest annual pace for 13 months in December, according to Nationwide. The building society's monthly index showed that property prices lifted by 7.2% annually this month to reach £188,559 on average, slowing...

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Next Shares Surge After Xmas Sales Growth

Next has reported it enjoyed strong sales growth in the run-up to Christmas and has now raised its annual profits guidance. The retailer confirmed it was to pay a fourth special dividend of the year while announcing a 2.9% increase in full price sales...

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Network Rail Boss Mark Carne To Turn Down Bonus

Network Rail's Mark Carne has told Sky News he will not take his bonus after travellers endured travel chaos at Christmas. The chief executive was criticised after travellers were left stranded when engineering works over-ran. London King's Cross...

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The Interview Earns £9.6m From Online Release

The Interview has become Sony's highest-selling online film of all time after earning $15m (£9.6m) from rentals and downloads. The film, which stars Seth Rogen and James Franco, had some two million rentals and purchases over the Christmas period....

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City Link Owner 'Disappointed' By Collapse

The investment firm behind collapsed parcel delivery service City Link has said it is "disappointed" staff found out over Christmas that they may lose their jobs. Better Capital issued its first public statement as administrators Ernst & Young...

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Greece Back In Crisis As Snap Election Forced

Greece has been plunged back into crisis-mode with the triggering of snap parliamentary elections. The Athens Stock Exchange was 10% down when it was confirmed that the government of prime minister Antonis Samaras had failed to secure the election...

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Online Shoppers To Break Xmas Day Records

Christmas Day online shoppers are predicted to set a new spending record splashing out an estimated £636m today. Shoppers are expected to make 142 million visits to retail sites today - a 25% increase on last year. Research by Experian and online...

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2,700 Jobs At Risk As City Link Collapses

By Mark Kleinman, City Editor More than 2,700 jobs are at risk over the festive period after one of the UK's biggest parcel delivery services companies collapsed into administration. Sky News has learnt that City Link, which has been a perennial...

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High Street Sales To Reach £342bn In 2014

By Sean Dilley, Sky News Reporter Britain's retail sector is celebrating a record-breaking year as official figures are projecting an all-time high for sales in 2014. The forecast from the Office of National Statistics shows that sales for the year...

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RBS Investigates Over 50 Staff In Forex Probe

Royal Bank of Scotland (RBS) says it is investigating the conduct of more than 50 past and present staff and suspended bonuses for 18 people as part of its forex scandal inquiry. In an update today on the accountability review, initiated after...

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City High-Flyer In Sudden Exit From Signia

By Mark Kleinman, City Editor A top City wealth management firm backed by the billionaire founder of Phones 4U has seen its chief executive quit suddenly in the wake of a string of executive departures. Sky News understands that Nathalie Dauriac-Stoebe,...

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Thorntons Warns On Profit Amid Warehouse Woes

There has been a meltdown in Thorntons' share price after it admitted that a series of problems ahead of Christmas will result in annual profits being down on last year. The chocolate specialist's statement to the stock exchange on Tuesday morning...

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Ex-B&Q Chief In Frame For Top Whitehall Role

By Mark Kleinman, City Editor The former boss of B&Q's parent company is being lined up to take a key role in Whitehall as ministers prepare for a swingeing new round of public spending cuts. Sky News has learnt that Sir Ian Cheshire, who stepped...

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UK Economic Growth Weaker Than First Reported

The latest official snapshot of UK economic growth has painted a slightly weaker picture than was previoulsy measured, with a fall in business investment contributing. The Office for National Statistics (ONS) said gross domestic product (GDP) increased...

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Push To Get More Women Into The Cockpit

By Charlotte Lomas, Sky News Reporter More than four decades after the first British female pilot took to the skies in a commercial airliner, there are still few women choosing flying as a career. But why are there so few female pilots? Of the 3,500...

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UK Election Delays Top Energy Appointment

By Mark Kleinman, City Editor The energy industry's leading trade association is to wait until after the General Election before appointing a new chief executive amid intense political scrutiny of the sector. Sky News understands that Energy UK,...

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North Korea: We Can Prove Hacking Wasn't Us

North Korea: We Can Prove Hacking Wasn't Us We use cookies to give you the best experience. If you do nothing we'll assume that it's ok. Close Play video "Doubts Raised Over Hacking Claims" Video: Doubts Raised Over Hacking Claims...

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Pump Prices: Cheap Petrol Comes With A Warning

Tumbling oil prices are resulting in lower petrol costs, but there are warnings the good news for drivers may not last. With prices falling by more than 40% since June's high of $111 a barrel, there have been an increasing number of reports suggesting...

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Bank Forex Fines Help Boost Public Finances

Public borrowing tumbled last month as income tax receipts grew and bank fines helped boost Treasury coffers. The Office for National Statistics (ONS) said public sector net borrowing, excluding state-controlled banks, fell to £14.1bn in November,...

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New EBA Rules To Crackdown On Card Fraud

New rules aimed at cracking down on card payment fraud have been revealed. The European Banking Authority (EBA) published the more stringent guidelines, making payment service providers toughen up on customer identification before proceeding with...

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Mobile Networks Agree Deal To Boost UK Coverage

A £5bn project to guarantee mobile phone voice and text coverage to 90% of the UK geographical area by 2017 will go ahead. The deal means the four mobile networks - EE, O2, Three and Vodafone - have all agreed to tackle poor coverage in so-called...

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Black Friday Spending Broke UK Records

The Black Friday spending frenzy helped UK retail sales to grow at their fastest annual pace for 10 years last month. The Office for National Statistics (ONS) measured a 1.6% rise in sales volumes during November, equating to growth of 6.4% on an...

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Putin Backs Recovery As Rouble Falls Again

Vladimir Putin has predicted Russia will recover from its current financial crisis in two years - or less. He said the country had sufficient reserves and the economy would rebound quickly. Even "under the most unfavourable world conditions, such...

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Myners: Government Asset Sales Need Overhaul

By Mark Kleinman, City Editor Taxpayers lost out on a lower sum from the privatisation of Royal Mail than the £1bn suggested by MPs earlier this year, a report commissioned by Vince Cable will conclude this week. Sky News has learnt that an inquiry...

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Festive Cheer On Forecourt As Petrol Prices Fall

Petrol prices could soon fall below £1 per litre - the lowest level since the end of May 2009. The RAC said the recent fall in the price of oil - now below the $60-a-barrel - would keep dropping. Supermarkets have led the way in cutting pump costs...

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Wage Growth Rise Eases Cost Of Living Squeeze

Official figures show wage increases are accelerating at an even faster pace than prices in the run-up to Christmas. The Office for National Statistics (ONS) calculated average weekly wage increases, excluding bonuses, at 1.6% in the three months...

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New Fee-Free Current Accounts Launched

A new fee-free banking current account structure that guarantees "clarity" has been revealed by the Treasury. The scheme has been agreed to help people who may have marks on their credit history or who are currently ineligible for accounts. Details...

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Japan's Prime Minister Shinzo Abe Re-Elected

Japanese Prime Minister Shinzo Abe has been re-elected with a two-thirds majority in a snap ballot. The vote had been portrayed by Mr Abe as a referendum on his plans to revive the world's third-biggest economy. The Japanese leader may use his victory...

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Ex-JJB Sports CEO Jailed Over £1m Fraud

The former boss of JJB Sports has been jailed for four years, after pocketing around £1m in what was described as a "very greedy fraud". A court heard that Chris Ronnie, 52, owed more than £10m to an Icelandic bank when he diverted funds from...

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Growing Business: Demand Soars For UK Xmas Trees

By Nick Ravenscroft, Sky News Reporter Families in Britain are increasingly buying Christmas trees that were grown in the UK rather than ones that have been imported, according to UK suppliers. The British Christmas Tree Growers' Association (BCTGA)...

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