Co-op Bank Review Sparks Pay Clawback Demand

The Main Findings Of The Co-op Bank Review Updated: 10:38am UK, Wednesday 30 April 2014 The review by Sir Christopher Kelly into what went wrong at the Co-operative Bank is summarised below: :: THE REVIEW The independent review was commissioned in...

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Twitter Stock Down 10% As It Posts $132m Loss

Twitter shares fell almost 10% in after-hours trading in New York after the social network's latest results disappointed investors. Shareholders were looking for stronger user growth than the company reported in its first quarter statement. Twitter,...

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The Politics Blog: PMQs Live Updates

The Politics Blog: PMQs Live Updates This website uses cookies. Cookies remember you so we can give you a better service online. By using this website or closing this message you are agreeing to our cookies notice. Cookies FAQs.x 12:02pm...

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UK Economy Grows 0.8% In First Quarter

The UK's economic recovery continued in the first quarter of 2014, with the first estimate of GDP growth coming in at 0.8%. The figure, while weaker than the 0.9% most economists had expected, meant that output was 3.1% higher than on the same period...

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Samsung Suffers Mobile Phone Sales Decline

Samsung Electronics has reported another quarterly decline in operating profits after sales of its mobile phones slowed. The South Korean firm made $8bn (£4.7bn) in its first quarter - down more than 3% on the same January to March period last...

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Singapore Fund Was 'Core' Royal Mail Investor

By Mark Kleinman, City Editor State-backed funds from Kuwait and Singapore were among 16 investors given large allocations of Royal Mail shares as part of the company's contentious £3.3bn privatisation. Sky News can reveal that the Kuwait Investment...

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Talks To Avert Two-Day Tube Strike Collapse

Last-minute talks to avert strikes by London Underground (LU) workers have collapsed without agreement. Rail, Maritime and Transport (RMT) union members are set to walk out for 48 hours from 9pm tonight, bringing chaos to the capital. A second, 72-hour...

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Unemployed Face Work Scheme Or Sanctions

The long-term unemployed will only receive their benefits if they sign on at a jobcentre every day or commit to a six-month stint of voluntary work under the Government's new Help to Work scheme. Prime Minister David Cameron says the scheme is designed...

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Pfizer Confirms Bid Interest For AstraZeneca

AstraZeneca: The Key Statistics Updated: 10:51am UK, Monday 28 April 2014 American pharmaceutical giant Pfizer, which makes Viagra, has until May 26 to confirm its intentions in what could be Britain's biggest ever takeover. Here are some key statistics...

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Myners To Chair Huntsworth In Board Shake-Up

By Mark Kleinman, City Editor Lord Myners, the former City minister, is being lined up to chair Huntsworth, one of the UK's biggest independent public relations firms, weeks after he endured a bruising public skirmish over reforms at the Co-operative...

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Mortgage Lending Clampdown Comes Into Force

Homebuyers will face more scrutiny by mortgage lenders under new regulations which take effect today. The industry-wide changes affect home buyers and people looking to re-mortgage and they will mean that lenders have to take a much stronger interest...

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Cable Drawn Into Row Over 'Russian' Oil Bid

By By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has been drawn into a row about the controversial takeover of a London-listed oil group that is reliant on funds from one of Russia's largest banks. Sky News has seen a letter...

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Starbucks Sales Fall For First Time In 16 Years

Starbucks' turnover dropped last year for the first time, in the wake of revelations about its corporate tax practices. Sales for the year to September 29 were £399m, a decline of 3.4% compared to the previous year. The company said the decline, the...

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RBS Ditches Double-Salary Bonuses For Bankers

Taxpayer-backed Royal Bank of Scotland has ditched a proposal to give bankers bonuses of up to twice their salaries. The bank had wanted to give workers lucrative and competitive bonuses, despite making a pre-tax loss of £8.2bn in 2013. British taxpayers...

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Mortgage Lending Clampdown Comes Into Force

Homebuyers will face more scrutiny by mortgage lenders under new regulations which take effect today. The industry-wide changes affect home buyers and people looking to re-mortgage and they will mean that lenders have to take a much stronger interest...

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RBS Ditches Double-Salary Bonuses For Bankers

Taxpayer-backed Royal Bank of Scotland has ditched a proposal to give bankers bonuses of up to twice their salaries. The bank had wanted to give workers lucrative and competitive bonuses, despite making a pre-tax loss of £8.2bn in 2013. British taxpayers...

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Starbucks Sales Fall For First Time In 16 Years

Starbucks' turnover dropped last year for the first time, in the wake of revelations about its corporate tax practices. Sales for the year to September 29 were £399m, a decline of 3.4% compared to the previous year. The company said the decline, the...

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Consumers Warm To More Loans And Overdrafts

British consumers are returning to the habit of using credit to fund their spending, according to a banking body. The British Bankers' Association (BBA) said personal loans and overdrafts are rising for the first time in five years. It called it a...

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Gazprom Turns Up Heat On Kiev With $11bn Bill

Russia Has Best Hand In Ukraine Poker Game Updated: 6:58pm UK, Tuesday 22 April 2014 By By Sam Kiley, Foreign Affairs Editor in Donetsk If the Ukrainian crisis was a poker game, Russia holds a royal flush, the Kiev government and her allies not...

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Gym Fees 'Could Stop Mortgage Approvals'

By Ed Conway, Economics Editor Homebuyers could find themselves turned down for a mortgage because of their gym memberships, phone bills and pension payments, under new rules introduced this weekend, experts have warned. Mortgage advisers said...

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Mt Gox Bitcoin Exchange Liquidation Ordered

The failed Bitcoin exchange Mt Gox is to be liquidated after a Tokyo court ordered bankruptcy proceedings to proceed, it has been confirmed. The court-appointed lawyer previously responsible for the cyber currency company announced the decision. "(I)...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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British Gas Bonus Claims To Be Investigated

Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities,...

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Best Of British Gear Up For China Car Show

Western Firms Need To Heed China Potential Updated: 8:33am UK, Tuesday 14 January 2014 By Roland Boal, Designer, Priestmangoode Western companies need to pay a lot more attention to what is happening in China and Britain's presence here is more...

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British Gas Bonus Claims To Be Investigated

Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities,...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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Best Of British Gear Up For China Car Show

Some of Britain's most famous cars are on parade today at one of the most important days in the motoring calendar. Ford cars on display at the 50 years celebration ceremony of Ford UK brands such as Rolls-Royce, Jaguar and Land Rover are showing their...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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House Price Increases Create 'Generation Rent'

By Siobhan Robbins, Sky News Reporter The booming housing market is causing a generation of young people to become increasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent'...

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British Gas Bonus Claims To Be Investigated

Claims that British Gas workers have been paid large bonuses to inflate customer bills are to be investigated by the energy regulator, Ofgem. It comes after a former employee claimed the energy company encouraged its sales staff to sign up charities,...

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PayPal Warns Users Over Sharing Computers

Online payment firm PayPal has announced plans to prevent users from sharing their computers, smartphones and tablets with anyone else, even family members. On Tuesday, the company started sending registered users email alerts of upcoming amendments...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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House Price Increases Create 'Generation Rent'

By Siobhan Robbins, Sky News Reporter The booming housing market is causing a generation of young people to become increasingly pessimistic about their chances of getting on the property ladder, according to a new study. Halifax's 'Generation Rent'...

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Mulberry's Profit To Get A Handbagging

Luxury fashion brand Mulberry has warned its full-year profit will be below expectations. The company said pre-tax profit for the year ended March 31 is expected to be around £14m. The Somerset-based firm, famous for its high-end handbags, said new,...

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Co-op Admits 'Disastrous Year' Amid £2.5bn Loss

The embattled Co-operative Group has confirmed a loss of £2.5bn for 2013, in what it described as a "disastrous year". The loss comes on the back of a £529m figure recorded in its 2012 results. Interim group chief executive Richard Pennycook said:...

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RBS 'Cleared' Of Ill-Treating Small Firms

A review ordered by the Royal Bank of Scotland has cleared the lender of fraud against small and medium-sized business customers. The bank commissioned an independent review by law firm Clifford Chance over claims RBS systematically set out to defraud...

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