Rates 'May Return To Pre-Recession Levels'

Homeowners should expect interest rates to return to their pre-recession levels within a decade, the Deputy Governor of the Bank of England has warned. Last week the Bank's Governor Mark Carney suggested that even once borrowing costs rise, the "new...

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Parcelforce Starts Seven-Day Delivery Service

Parcelforce, the express parcels business of Royal Mail, will today become the first national parcels carrier in Britain to deliver on Sundays. The business said it anticipates the new service will be of particular benefit to online shoppers. Among...

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All Staff Get Rights To Work From Home

By Emma Birchley, Sky News correspondent The right to request flexible working arrangements is about to be extended to apply to all staff and not just parents and carers. From Monday, workers who have been in their job for six months will be able...

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888poker Cancels Suarez Sponsorship Deal

Luis Suarez: A Huge Talent But Trouble Updated: 6:06am UK, Friday 27 June 2014 By Paul Kelso, Sports Correspondent, in Rio de Janeiro To his countrymen, Luis Suarez is an unambiguous character. He is the boy from an impoverished quarter of Salto who...

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Bitcoin Extortion Plot Targets Pizza Restaurants

Businesses are being served with 'notice of extortion' letters demanding bitcoins to avoid negative online reviews. A number of US pizza restaurants have reported receiving the printed letters, which include a number of threats for non-payment of the...

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Bulgaria Warning Over 'Organised Bank Attack'

Bulgaria's central bank has issued an unprecedented warning over an attempt to destabilise the country through an organised attack on the banking system. It promised to do all it could to protect money held in accounts by Bulgarian citizens. The bank...

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Zero-Hours Contracts Face New Controls

Plans to tackle abuses of zero-hours contracts by allowing people to work for more than one employer have been attacked as insufficient by unions. The business secretary Vince Cable said the reforms, aimed at outlawing so-called exclusivity clauses,...

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Home Building Being Hit By Skills Shortage

By Becky Johnson, North of England Correspondent A serious shortage of skilled construction workers is impacting on the industry's recovery. Experts have told Sky News that thousands of workers need to be recruited and trained in order to meet...

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Wonga Penalised £2.6m For 'Fake Legal Threats'

Britain's biggest payday lender, Wonga, has been ordered to pay £2.6m in compensation to customers threatened with bogus legal letters. The Financial Conduct Authority (FCA) said 45,000 customers were hit by unfair and misleading debt collection practices,...

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Innocent Bottler Drinks To £1bn Buyout Deal

By Mark Kleinman, City Editor The bottling group which works with well-known brands such as Innocent Drinks and Sunny D is preparing to kick off an auction that could value it at well over £1bn. Sky News understands that shareholders in Refresco...

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Living Wage: 'National Scandal' Of Working Poor

The number of workers living in poverty is a "national scandal" and measures must be taken to pay people a better wage, according to a report. Unless the Government makes a commitment to helping to increase pay to a living wage people will continue...

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Bank Of England Governor Tempers Rate Rise

The governor of the Bank of England has tempered his thoughts on a base rate rise coming sooner rather than later. Mark Carney told the Treasury Select Committee (TSC) that there is additional spare capacity in the UK labour market that can be absorbed...

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Cashless High Street Ditches Notes And Coins

By Becky Johnson, North of England Correspondent Shoppers will find their cash is worthless in one Manchester suburb as only cards will be accepted by stores on the high street. As part of a social experiment, shops along fashionable Beech Road...

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TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. In early afternoon trades...

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Ramada Owner Was £6bn InterContinental Suitor

By Mark Kleinman, City Editor The owner of the Ramada hotel chain was the mystery suitor behind a recent £6bn takeover offer for the FTSE-100 hospitality provider InterContinental Hotels Group (IHG), Sky News can reveal. Wyndham Worldwide Corporation,...

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TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. In early afternoon trades...

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Cashless High Street Ditches Notes And Coins

By Becky Johnson, North of England Correspondent Shoppers will find their cash is worthless in one Manchester suburb as only cards will be accepted by stores on the high street. As part of a social experiment, shops along fashionable Beech Road...

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Ramada Owner Was £6bn InterContinental Suitor

By Mark Kleinman, City Editor The owner of the Ramada hotel chain was the mystery suitor behind a recent £6bn takeover offer for the FTSE-100 hospitality provider InterContinental Hotels Group (IHG), Sky News can reveal. Wyndham Worldwide Corporation,...

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TSB Shares Up 11% On First Day Of Trading

Shares in retail bank TSB jumped more than 11% in value after public trading in the Government-back lender started. The list price of 260p was quickly up to more than 290p, 11.5%, within minutes of trades commencing at 8am. The initial pricing of 260p,...

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Netto's Sainsbury Deal Takes On Aldi And Lidl

Sainsbury's is to take on cut-price retailers Aldi and Lidl in a tie-up with Denmark's Netto chain. Netto is making a return to the UK market in a trial format that appears to mirror the discount store concept used by the German rivals. A computer...

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TNT Plan 'Cuts £200m From Royal Mail Revenue'

Royal Mail has warned that delivery plans by rival TNT could reduce its revenue by £200m in coming years. It said TNT Post UK's expansion strategy would cost it £200m in the 2017/18 financial year. It told regulator Ofcom that "absent intevention"...

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Virgin Trains To Boost West Coast Mainline

Virgin Trains has promised to boost rail service on the West Coast mainline network, after winning an extension to its franchise. It said "significant improvements" would be brought in as part of the franchise continuation until March 2017. The increases...

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Npower Risks Telesales Ban Over Billing Woes

By Poppy Trowbridge, Consumer Affairs Correspondent The energy regulator has given 'big six' supplier nPower until August to remedy "major billing issues" amid a threat of massive penalties over customer service failings. Ofgem said nPower will...

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Home Loan 'Slowdown' As New Rules Take Effect

There has been a "slowdown" in new home loan advances because of increased lender scrutiny, according to the Council of Mortgage Lenders (CML). It said gross mortgage lending held steady in May at an estimated £16.5bn - identical to April's lending...

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Nokia 'Blackmailed For Millions Of Euros'

Nokia paid several million euros to criminals who threatened to sabotage its smartphone operating system, it has been reported. It was claimed in a local TV report that the Finnish phone giant left the cash in a car park for the blackmailers to collect...

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MPs Warn Of 'Taxpayer Risks' From Help To Buy

The Government has dismissed a study by MPs which found the first part of its Help to Buy scheme poses a long-term risk to the taxpayer. The Public Accounts Committee (PAC) said the policy - under which Government equity loans finance as much as 20%...

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Zoopla Valued At £919m As Flotation Starts

Property website Zoopla had a market value of £919m following its share sale. The firm - majority owned by Daily Mail And General Trust - said ahead of conditional trading that shares would be priced at 220p each in the Initial Public Offering...

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EU Gas Fears As Russia Cuts Ukraine Supply

Russia has stopped gas supplies to Ukraine after it missed a bill payment deadline, prompting fears European Union imports will be hit. State-owned Gazprom said Ukraine's Naftogaz had failed to pay the $1.9bn of its $4.5bn (£2.7bn) debt by the 0600...

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London Property Prices Falling Says Rightmove

Rightmove has claimed that asking prices in London have fallen this month as concerns over the affordability of homes in the capital deepen and more properties are put up for sale. The property website declared that the market has come "off the...

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FCA Fines Pair £3.8m For Misleading Investors

Credit Suisse and Yorkshire Building Society have been ordered to pay fines totalling almost £4m for promising unrealistic returns in an investment scheme. The Financial Conduct Authority (FCA) said the marketing for the product - known as Cliquet...

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Interest Rate Rise 'Signals End Of Crisis'

George Osborne Acts To Curb Housing Bubble Updated: 1:25am UK, Friday 13 June 2014 By Jon Craig, Chief Political Correspondent Barely a few minutes into his Mansion House speech, George Osborne said: "So while I know this is my fifth speech to...

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Carney Boosts Lloyds Plan For £1.3bn TSB Float

By Mark Kleinman, City Editor The state-backed Lloyds Banking Group is this weekend considering increasing the price at which it sells shares in TSB, its high street subsidiary, amid strong demand from investors. Sky News has learnt that Lloyds...

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Retailers Set Goals On World Cup Success

By Emma Birchley, Sky News Correspondent England fans are not the only ones hoping the players can find the back of the net as their World Cup campaign finally gets under way. Retailers too are banking on success. The Centre for Retail Research...

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Retailers Set Goals On World Cup Success

By Emma Birchley, Sky News Correspondent England fans are not the only ones hoping the players can find the back of the net as their World Cup campaign finally gets under way. Retailers too are banking on success. The Centre for Retail Research...

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Interest Rate Rise 'Signals End Of Crisis'

George Osborne Acts To Curb Housing Bubble Updated: 1:25am UK, Friday 13 June 2014 By Jon Craig, Chief Political Correspondent Barely a few minutes into his Mansion House speech, George Osborne said: "So while I know this is my fifth speech to...

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Carney Boosts Lloyds Plan For £1.3bn TSB Float

By Mark Kleinman, City Editor The state-backed Lloyds Banking Group is this weekend considering increasing the price at which it sells shares in TSB, its high street subsidiary, amid strong demand from investors. Sky News has learnt that Lloyds...

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Iraq Crisis Threatens Opec Oil Supply Growth

Future growth for the world's leading oil cartel will be severely harmed if militants reach the south of Iraq, a leading energy body has warned. The International Energy Agency (IEA) said prices could continue to climb if ISIS insurgents took the capital...

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Carney Upstages Chancellor At Mansion House

George Osborne Acts To Curb Housing Bubble Updated: 1:25am UK, Friday 13 June 2014 By Jon Craig, Chief Political Correspondent Barely a few minutes into his Mansion House speech, George Osborne said: "So while I know this is my fifth speech to...

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