Home Sellers 'Getting 93% Of Asking Price'

Homeowners in all regions of Britain are now able to sell their properties at more than 93% of the asking price, according to a new survey. Hometrack said the rate is even better in some areas, and has now reached a decade-long high in London. It said...

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Shares Up As FCA Clarifies Pension Probe

The City regulator has revealed that it will not individually review millions of pension and saving policies, prompting a share price rise for financial providers. The Financial Conduct Authority (FCA) clarified the position in its 2014-15 business...

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EasyJet Expands Luton Base In 10-Year Deal

EasyJet is to increase its capacity at Luton Airport by 20%, claiming it will create up to 2,500 new jobs in the region. The 10-year deal with the airport comes as it prepares an ambitious expansion programme that includes flying 135 new Airbus aircraft....

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Ed Miliband Proposes New Energy Price Controls

Ed Miliband has proposed new controls on energy prices to give small businesses "equal protection" with households from "unacceptable" treatment by energy companies. The Labour leader said annual energy bills for small businesses had risen by an average...

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FCA Probes Millions Of 'Bad Deal' Investments

The City watchdog is to scrutinise millions of finance products sold to consumers over three decades, because of fears they are shackled by unfair terms and conditions. It is estimated around 30 million policies, including pensions, endowments, life...

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Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. : Monday March 31 From Monday, energy suppliers are required to publish the price at which they will buy and sell on wholesale markets up to two years in advance...

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FCA Probes Millions Of 'Bad Deal' Investments

The City watchdog is to scrutinise millions of finance products sold to consumers over three decades, because of fears they are shackled by unfair terms and conditions. It is estimated around 30 million policies, including pensions, endowments, life...

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Microsoft Office: Word Tops iPad App Chart

Microsoft Word has jumped to the top of the Apple Store free app chart, after releasing an iPad version of its Office software. New chief executive Satya Nadella announced the move at his debut launch event. Within hours Word, Excel, Powerpoint were...

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Bank IT Failures Probe Launched By Watchdog

By Mark Kleinman, City Editor The City regulator will next week launch a probe into the resilience of high street banks' IT systems following a series of glitches which have threatened to further undermine the industry's image. Sky News can reveal...

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Lloyds Bank Shares Worth £4.2bn Sold

Taxpayers have been left with a 25% stake in Lloyds Banking Group after the Government sold shares valued at £4.2bn. The taxpayer owned 33% of Lloyds but the Treasury has continued with plans to fully return the lender to the private sector. Some 5.6bn...

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Energy Firm SSE To Freeze Household Bills

'Big Six' energy firm SSE is to freeeze household bills until January 2016, it has been confirmed. The announcement comes amid the ongoing controversy over energy bill price hikes for consumers and businesses. SSE chief executive Alistair Phillips-Davies...

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Santander Fined £12m Over Poor Advice Service

Santander UK has been fined £12.4m by the City regulator over poor advice given to its customers. Details of the penalty were first revealed by Sky News City Editor Mark Kleinman on the Jeff Randall Live programme on Tuesday night. He revealed that...

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Auction House Bonhams Eyes Sale Of Its Own

By Mark Kleinman, City Editor, in Dubai It has secured a record bid for a painting in Russia and struck the most valuable purchase of an Old Master at auction. Now Bonhams, the British auctioneer, is considering a deal of a different kind. Sky...

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Leahy Firm Leads Race For £1bn Dubai Group

By Mark Kleinman, City Editor, in Dubai The private equity firm which employs Sir Terry Leahy, the former boss of Tesco, is leading the race to buy a German industrial group which has key operations in northern England. Sky News understands that...

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Cable Turns Screw Over Royal Mail Chief's Pay

By Mark Kleinman, City Editor Vince Cable is demanding that the board of Royal Mail limits a pay rise for its chief executive to the same level awarded to the rest of the newly privatised company's workforce. Sky News can reveal that the Business...

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Fortnum Boss Warns of Scots Vote 'Disaster'

By Mark Kleinman, City Editor, in Dubai The chief executive of Fortnum & Mason, the upmarket London-based grocer has warned that a 'yes' vote in the Scottish independence referendum would be a "disaster" for the country. Speaking exclusively...

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Business Round-Up And Week Ahead

Sky's Naomi Kerbel offers a round-up of what's coming up in the week's business news. :: Monday March 24 On Monday, the Chancellor's budget "perk" to reduce beer duty by a penny comes into effect.  :: Tuesday March 25 Energy provider, SSE will...

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Leahy Firm Leads Race For £1bn Dubai Group

By Mark Kleinman, City Editor, in Dubai The private equity firm which employs Sir Terry Leahy, the former boss of Tesco, is leading the race to buy a German industrial group which has key operations in northern England. Sky News understands that...

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Petrol Prices Drop To A Three-Year Low

Petrol: The Pump Price Conundrum Updated: 10:35pm UK, Wednesday 30 January 2013 By Ursula Errington, Business Correspondent So, the OFT says motorists aren't being ripped off, that the price of petrol on our forecourts is fair and isn't the result...

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HS2 Tsar Needed For Project, Says Taskforce

A special HS2 minister should be appointed by the Government to oversee the £50bn high-speed rail project, a report from the scheme's growth taskforce has said. The group said the appointment would ensure emphasis remained on growth and regeneration...

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Putin Mocks Sanctions For Russians Over Crimea

Faces Caught In The Middle Of US-Russia Spat Updated: 8:45pm UK, Thursday 20 March 2014 The fresh wave of US sanctions against Russia include banning some of the country's richest and most influential businessmen - and President Vladimir Putin's closest...

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Budget 2014: The Key Points You Need To Know

The Chancellor George Osborne has delivered his fifth budget. Here are the key points. Savings :: Tax-free ISAs to be boosted to £15,000 per year from July. Junior ISAs up to £4,000 a year. :: Stocks and shares ISAs can be tranferred to new single...

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Next Looks Good As Annual Profit Rises 11%

High street fashion retailer Next has seen its annual underlying pre-tax profit rise by 11.8%, to almost £700m. The clothing retailer, which is Britain's second biggest in the sector, said growth in its online and catalogue business was behind the strong...

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Dubai-Based Oil Firm Banks On London Float

By Mark Kleinman, City Editor, in Dubai A company spun out of one of the groups found guilty of contributing to the 2010 Gulf of Mexico oil spill has lined up bankers to pursue a listing on the London Stock Exchange. Sky News understands that Shelf...

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Unemployment Drops By 63,000 In Last Quarter

The unemployment figure for the three months to January has dropped by 63,000 to 2.33 million. The Office for National Statistics (ONS) added that the number of people claiming Jobseeker's Allowance last month fell by 34,600 to 1.17 million. Meanwhile,...

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Budget 2014: New £1 Coin Is Blast From The Past

By Jon Craig, Chief Political Correspondent George Osborne will use his Budget to announce a major change for the nation's pockets, with a new pound coin to be introduced in 2017. The new coin, aimed at stamping out forgeries and counterfeits,...

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China Smog 'Thwarts Lure For Foreign Execs'

China's chronic air pollution is now a major reason why foreign executives do not want to work in the country, a new survey suggests. A boom in cars is partially behind the smog problem According to the American Chamber of Commerce in Beijing (ACC),...

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Sainsbury's Sales Slide Is 'End Of An Era'

Supermarket chain Sainsbury's has reported like-for-like sales down 3.1%, ending 36 successive quarters of growth. The result for sales, excluding fuel, were for the 10 weeks to March 15 - its fiscal fourth quarter. That compared to a rise of 3.6%...

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Asos Shares Plunge 19% On Growth Fears

The share price of online fashion group Asos has plunged by nearly a fifth over fears about its future growth. When markets opened at 8am the share price dropped 15%, before falling even further. In mid-morning trades the drop eased to 13% down. The...

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Bank Of England In Deputy Governor Shake-Up

The Bank of England has named two new deputy governors as part of a major shake-up under boss Mark Carney. They have been revealed as the bank's Monetary Policy Committee (MPC) member Ben Broadbent and International Monetary Fund (IMF) deputy managing...

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China Growth Plan To Target Internal Migrants

China is to encourage 90 million more rural residents to move to cities before the decade's end, in a bid to boost domestic consumption growth. China now plans to boost urban populations in a five-year plan It said the plan is to boost urbanisation...

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Media Boss Desmond Eyes £700m Channel 5 Float

By Mark Kleinman, City Editor The media tycoon Richard Desmond is considering a stock market flotation of Channel 5 even as bidders firm up offers of up to £700m for the terrestrial broadcaster. Sky News has learnt that Mr Desmond is working with...

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MPs Attack Sale Of Royal Mail Postcode Database

The Government has been slammed for selling a valuable database of every British postcode and address in last year's flotation of the Royal Mail. Ministers were strongly criticised for including the register, which contains 1.8 million postcodes and...

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Morrisons Suffers Staff Payroll Data Theft

Data from supermarket chain Morrisons' staff payroll system, including bank account details, has been stolen and published on the internet, the company has confirmed. In an email sent to staff and seen by Sky News, the company called it an "illegal...

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